Latest Stock Market News

Worries were growing recently that interest rates are set to go higher than expected after the Fed Reserve said it could reaccelerate the size of its rate hikes. The Fed is focusing on wage growth in particular in its fight against inflation. It worries too-high gains could cause a vicious cycle that worsens inflation.

"Government supply-side action coordinated with a flexible inflation targeting regime has kept Indian inflation rates lower than other countries and our own past averages even in this period of major adverse external supply shocks," she told PTI in a telephonic interview.

The fundraising, the largest through syndicated term loans by an Indian corporate house in at least five years, is set to close this month after months of negotiations, bankers said.

The group was founded by entrepreneur Vineet Mittal in 2017. Avaada Group has built a portfolio of over 4 GW of renewable (solar and wind) energy under flagship Avaada Energy Pvt Ltd.

This is in line with promoters’ commitment to increase equity contribution, and promoters have now infused $2.6 billion, out of total acquisition value of $6.6 billion for Ambuja and ACC,” the release by the Adani Group said. The entire prepayment program meof $2.65 billion has been completed within 6 weeks.

The collapse of Silicon Valley Bank is causing global contagion, with some impact on the sentiment of the market in the short term and long term. However, the Indian banking system is more insulated and regulated, and the Indian equity markets are unlikely to be impacted. There will be some impact on the sentiment of the market in the short to medium term but will not affect Indian equity markets in the long term.

Next week is likely to remain volatile as crucial data points including inflation numbers from India and US will be released. A directional move is likely to be seen next week. The expert recommends buying the 29th March Nifty Future at 17440-17450 and buying the 16th Match at 17300 Put at 53-56, targeting 17800.

Over the past year, the U.S. Federal Reserve launched its most aggressive interest rate hiking cycle since the early 1980s and other central banks joined in, leaving global investors to face a gamut of consequences

Eight of the top 10 valued firms in India faced a combined erosion of Rs 1,03,732.39 crore in market valuation last week. This was due to concerns over the quantum of the next interest rate hike by the US Federal Reserve. The market valuation of Reliance Industries plummeted by Rs 41,878.37 crore to Rs 15,71,724.26 crore, the most among the top 10 firms.

Together, as much as 1.35 billion shares are with individual investors -- including retail, HNIs and NRIs -- under the lock-in and another 67 million with exchange-traded funds, and all these are likely to exit if not at one go over the next few weeks, according to analysts