Latest Stock Market News

The S&P BSE Sensex plunged more than 400 points while Nifty50 broke below 17600 in the first 15-minutes of trade. The rupee hit a record low against the Dollar at Rs 80.40 per USD compared to Rs 79.98 per USD recorded in Wednesday’s session.

Orient Electric Ltd., incorporated in the year 2016, is a Mid Cap company (having a market cap of Rs 5800.09 Crore) operating in Consumer Durables sector.

Gold is considered an inflation hedge, rising interest rates increase the opportunity cost of holding the non-yielding asset and bolsters the dollar, in which the bullion is priced. Gold prices has retreated from its low after Russia ordered a partial mobilisation to defend its sovereignty, said Ravi Singh, Vice President and Head of Research, ShareIndia

Shares of Fortis Healthcare plunged 16 per cent to Rs 263 on Thursday. The had stock ended the previous session at Rs 311.20 on BSE.

“We are seeing a decent amount of interest coming through in almost every sector with the exception of perhaps commodities and software companies where the earnings may be slightly on the softer side. But by and large, we should see a very good earning season. That is driving a lot of interest into stocks. ”

A total of 1,825 shares changed hands on the counter till 11:16AM (IST)

The stock quoted a 52-week high price of Rs 449.8 and low of Rs 294.75.

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 229.70 crore, up 24.36 per cent from last quarter total income of Rs 184.70 crore and up 68.77 per cent from last year same quarter total income of Rs 136.10 crore.

ETMarkets.com found five stocks which have given double-digit returns in each of the last four months of over 10 per cent each (Data Source: ACE Equity). We considered only companies with a market cap of over Rs 500 crore. Interestingly, in the last 4 months, these stocks have given a total return anywhere between 60 per cent and 850 per cent.

Barring the US dollar-pegged stablecoins, all top crypto tokens were trading in the red on Friday. Ethereum slumped another 6 per cent, whereas Cardano, Dogecoin and Polygon tumbled more than 3 per cent each.