Latest Stock Market News

For the day, Nifty50 ended at 17,277.95, up 128.85 points or 0.75 per cent. This is even as it was the fifth straight session when the index formed a lower high-low formation.

Total revenue from operations was at Rs 5,478.86 crore against ET NOW poll of Rs 5,420 crore.

The 30-share pack Sensex rose 366.64 points or 0.64 per cent to close at 57,858.15. The index gyrated in a range of 1557 points during the day. Its broader peer NSE Nifty added 128.85 points or 0.75 per cent to 17,277.95.

Kamath bases his view on a few fundamental market drivers, key among which is inflation

In the international market, gold was trading lower at $1,841 per ounce and silver was flat at $23.78 per ounce.

“The market could very well be back up in a few quarters as the earnings come through strongly for many of the tech sector leaders.”

Before recovering 5 per cent on Tuesday, Bitcoin had slipped to $33,000 levels in the last 24 hours, its lowest level in six months. The crypto behemoth has lost about 15 per cent of its value in the last one week alone.

In a ceremony held at BSE at ICH, Shri Kedia has conveyed all rights to the jingle song to BSE for a one-time and all-inclusive fee of Rs 1 and he shall not owe any future additional royalties or fees for future use of the Jingle.

Analysts are expecting home loan interest for tax rebate limit to be raised to Rs 5 lakh from the present Rs 2 lakh. They also expect a reduction in the tax rate on capital gains.

The Nifty Pharma index closed 0.72 per cent up at 13092.1.