Latest Stock Market News

Buy Rites, target price Rs 330: Axis Securities

Updated at : 2021-11-15 10:20:02

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Rites Ltd. key Products/Revenue Segments include Consultancy Income, Turnkey Project, Other Services, Lease Rentals and Sale of Products for the year ending 31-Mar-2021.

The Nifty Pharma index was trading 0.84 per cent up at 13890.85.

“We are going through a super cycle for IT companies, innovation is happening at a phenomenally fast pace and the immediate trigger for the Indian IT companies is software as a service (SaaS). Cloud is another big thing as is communication. ”

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A total of 10,809 shares changed hands on the counter till 10:05AM (IST).

If grey market trends are to be believed, all the three IPOs are likely to deliver healthy listing gains on listing day today.

Gold pulls back from 5-month peak on dollar strength

Updated at : 2021-11-15 09:20:02

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Gold prices eased on Monday, pulling back from a more than five-month peak hit in the last session, as a firm dollar dimmed its appeal. Spot gold fell 0.3% to $1,857.96 per ounce by 0154 GMT, while U.S. gold futures dropped 0.4% to $1,860.50 per ounce.

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Asian shares edged higher on Monday as Chinese economic data surprised on the high side, challenging wagers the economy was stuck in a downturn although a decline in mainland house prices was a worry. Annual growth in retail sales and industrial output both handily beat forecasts, with the bounce in consumption a positive given pandemic restrictions.

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Top exchanges have seen a spurt in cyber attacks, many fear legal liability under the upcoming crypto bill

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About 20,314 accounts to own government securities have already been opened till 9 pm on Sunday after Prime Minister Narendra Modi launched the programme Friday.

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Elon Musk who had already offloaded a combined $6.9 billion worth of shares in Tesla as of Nov. 12, further wrote, "Want me to sell more stock, Bernie? Just say the word."

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