Latest Stock Market News

“I believe we have passed the bottom part of the curve as far as supply is concerned. The situation as far as the semiconductor supply is concerned is still very dynamic and while there seems to have been a good improvement in the past few weeks, we will have to wait and watch very carefully because the situation is quite dynamic.”

The 30-share pack Sensex rose 831.53 points or 1.40 per cent to close at 60,138.46. Its broader peer NSE Nifty advanced 258 points or 1.46 per cent to 18,929.65.

They are all cash flow generating businesses for us. So we are not very hungry for capital. We are able to self finance the growth but it goes without saying that if we have an opportunity which can use large capital, there is a lot of it available for us.

FPI inflows stood at mere Rs 3,928 crore during the quarter, resulting in FPIs share declining to 21.47 per cent as on September 30, 2021, from 21.66 per cent as on June 30, 2021, Haldea said.

The Nifty Auto index closed 1.09 per cent up at 11421.0.

“Looking at the opportunity going forward, minerals like copper, zinc, lead, nickel, lithium metals are going to be the future metals which will drive the new world. ”

According to the data from National Stock Exchange (NSE), the issue garnered bids for 23,33,070 equity shares as of 1.05 pm on the day 1, as against a total issue size of 1,05,46,140 equity shares.

Nomura India said that the plans being offered by Jio along with the smartphones are at 20-30 per cent premium to comparable daily data plans in the market.

Domestic gold imports witnessed a sharp jump but strong outflows from gold-backed ETFs have dampened the sentiments. Tapering tantrums in the US have also led to weakness in gold.

“Customers are going back to business and credit demand has come in and credit queries have started.”