Latest Stock Market News

A total of 3,457 shares changed hands on the counter till 11:23AM (IST).

At 10.03 am, the stock was trading 3.8% higher on BSE. However, DLF stock has remained muted over the last one year and surged only 3%.

The stock quoted a 52-week high price of Rs 2194.0 and low of Rs 1513.3.

A total of 5,008 shares changed hands on the counter till time (IST).

The Dow Jones Industrial Average fell 46.92 points at the open

"There will definitely be near-term challenges that need to be taken care of, but Krithivasan has been taking care of the BFSI vertical for a long time. I believe as of now, one should not worry about change in the leadership," Gopinathan said and ET Now reported

From the Sensex pack, Infosys, HCL Tech and Tata Motors opened with over 1.5% gains. UltraTech Cement, L&T, Tata Steel, HDFC and Wipro also opened higher. Meanwhile, Bharti Airtel, TCS, NTPC and Sun Pharma opened with cuts.

Several public sector banks were part of this list despite seeing a stellar run in 2022. The strong improvement in earnings and asset quality, coupled with credit growth triggered buying in this pack last year and also turned some of the stocks multibaggers.

The global economy is still in a state of flux, with banks still struggling to settle down. This has led to a lack of credit availability, which is affecting the metal and commodity industries. This has caused the prices of these stocks to fall, and they are currently in a flat-line state. However, until the banks settle down, it is difficult to say whether the market is at the bottom or not. The outlook for the metal and commodity industries is still uncertain.

The company has also signed an agreement with the Uttar Pradesh government to set up a steel manufacturing facility in the state at an investment of Rs 510 crore.Besides steel pipes, the company also produces hollow sections, tubes, cold rolled coils and strips, road crash barriers, solar mounting structures and a variety of other galvanised products