Latest Stock Market News

On the technical charts, the 200-day moving average of the stock stood at Rs 3827.06.

We own India Cements quite significantly and I am still positive because on EV/EBITDA or valuation basis, it is still very cheap.

The blue-chip CSI300 index was up 0.45%, the consumer staples sector rose 0.88% and the healthcare sub-index climbed 1.08%.

Nomura recently lowered its forecast for India’s GDP growth to 3.2 per cent year-on-year in Jan-March 2022 from 5.2 per cent earlier.

With COVID-19 spreading rapidly in India, voluntary pullbacks on activity and state-wide restrictions are starting to bite the economy as evidenced by a fall in mobility and airline traffic, Nomura wrote. The foreign firm said its business resumption index for the country registered a sharp decline -109.9 for the week ended January 9 as against 119.8 in the week before.

The pan-European STOXX 600 dropped 0.4 per cent, as of 0830 GMT, weighed down by real estate, tech and industrial stocks, while major global share markets eked out gains.

"Our 2022 outlook from a tactical standpoint is that at least in the near term, you should be a bit cautious because globally, most EM tech stocks have seen a huge correction."

The digital token has dropped about 13 per cent from its recent highs, following the political unrest in Kazakhstan, which is its second largest miner

BSE Capital Goods index, between September 2000 and January 2007, was up a whopping 32 times — up 62 per cent between September 2000 and April 2003 when the Sensex fell 28 per cent and up 19 times between April 2003 and December 2007.

The 30-share pack Sensex rose 650.98 points or 1.09 per cent to close at 60,395.63. Its broader peer NSE Nifty climbed 190.60 points or 1.07 per cent to 18,003.30.