Latest Stock Market News

The Nifty IT index closed 1.22 per cent up at 30179.75.

The broader NSE Nifty surged 117 points or 0.67% to end at 17,711.

Options data suggests a broader trading range between 17400 to 17850 zones, while an immediate trading range between 17550 to 17850 zones

According to the draft papers, the issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) of up to 77,58,620 equity shares by Nutalapati Venkatasubbarao

The Nifty Realty index was trading 0.12 per cent up at 412.5.

Goyal Auminiums said its associate company Wroley E India Pvt Ltd has secured sanction for financing from Shri Ram Finance to offer customers financial solutions to purchase its electric scooter with monthly instalments.

Although gold is considered a hedge against inflation, rising interest rates tend to decrease the appetite for zero-yield bullion. Data on Friday showed the U.S. services sector grew at a steady clip in February, suggesting the economy continued to expand in the first quarter.

High dividend paying stocks are investors’ favourites. Particularly, retail investors are always on the lookout for such stocks.

However, the draft offer documents for the IPO were withdrawn on February 28 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday

The nominal value of the bond is based on the simple average of closing price for gold of 999 purity of the last three working days of the week preceding the subscription period which is between 01 March and 03 March 2023 worked out to be Rs 5,611 per gram of gold, RBI said in a press release.