Latest Stock Market News

The 30-share BSE benchmark Sensex surged 140 points or 0.24% to settle at 58,214. The broader NSE Nifty rose 44 points or 0.26% to end at 17,152.

The foreign direct investment (FDI) inflows dipped nearly 13% this fiscal till January, mirroring the negative sentiment in the global investment climate, while foreign institutional investors (FII) have sold equities worth $6.1 billion in the same period on net basis, Reserve Bank of India data showed.

“There has been a sharp increase in old gold sales following the spurt in prices of the yellow metal. In South India, some are exchanging old gold for new, while some are taking liquid cash against gold,” said James Jose, former secretary of Association of Gold Refineries and Mints.

After allegations of manipulation and collusion by big global banks, the end of Libor began in 2017, with 2023 decided as the last year in the transition road. By end-2021 many banks had stopped drawing contracts using Libor and June 2023 was set as the deadline for replacing the guiding rate.

Asian stocks struggled Thursday in the wake of a slump on Wall Street after Treasury Secretary Janet Yellen rattled bank shares and the Federal Reserve pushed back against bets for interest rate cuts this year. Benchmark indexes fell in Japan, South Korea and Australia while a gauge of US-listed Chinese companies fell earlier.

The union government will sell up to 3.5% stake in Hindustan Aeronautics Ltd (HAL) through an offer for sale (OFS). The floor price for the OFS has been fixed at Rs 2,450 per share.

The stock hit a 52-week high of Rs 2,741 on 9th December 2022, but it failed to hold on to the momentum. The stock closed at Rs 2,463 which translates into a downside of about 9%.

NSE reintroduced the DNE facility in April 2022 after discontinuing in October 2021 after brokers complained of trading mishaps during the expiry of equity derivatives contracts with traders unable to meet their settlement obligations connected to physical delivery.

>> For more such web stories click on the ET icon below

In a separate transaction, Small Cap World Fund Inc sold shares of Kajaria Ceramics for Rs 130 crore through an open market transaction.