Latest Stock Market News

Leaping yields buttress dollar ahead of Fed meeting

Updated at : 2022-01-19 08:30:03

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The dollar was firm on Wednesday after a rip higher in U.S. yields vaulted it up sharply on the euro overnight, putting it back above support levels that have held for the past few months in anticipation of rising U.S. interest rates.

Bajaj Auto, L&T Info, ICICI Lombard, JSW Energy, Tata Communications, OFFS, Syngene International, Sterlite Techn, Saregama and Mastek are among the companies that will announce their December quarter results today.

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Top stock picks in the IT pack include Tech Mahindra Ltd., Infosys Ltd., Tata Consultancy Services Ltd. and HCL Technologies Ltd.

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The financial assistance has been extended out of the Special Liquidity Facility of Rs 16,000 crore sanctioned by Reserve Bank of India to SIDBI to meet the challenges being faced by the MSMEs due to the prevailing Covid-19 pandemic situation.

HomeLane eyes Rs 1,500-crore IPO by mid-2022

Updated at : 2022-01-19 07:35:03

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Bank of America, Axis Capital and ICICI Securities have been hired to run the HomeLane IPO. They said 25-30% stake will be offered in the proposed IPO.

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A spike in the US treasury benchmark which led to a fall in domestic equity indices also weighed heavily on the rupee

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The Dow Jones Industrial Average fell 250.05 points, or 0.70 per cent, at the open to 35,661.76.

Following a strong technical pullback of over 1,800-points from the lows of 16,400, Nifty had got overextended on the charts

Adani Green Energy is now more valuable than the likes of Bajaj Finserv, Avenue Supermarts, Larsen & Toubro, ITC, Maruti Suzuki and Titan Company

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The company had posted a consolidated profit after tax of Rs 112.15 crore in the same quarter previous fiscal, Trident Ltd said in a regulatory filing.

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