Latest Stock Market News

Analysts have estimated net interest margin (NIM) to fall in the 3.4-3.5 range. All eyes are on slippages, restructuring and accounts rated BB or below.

The 30-share pack Sensex rose 145.43 points or 0.24 per cent to close at 60,967.05. Its broader peer NSE Nifty advanced 10.5 points or 0.06 per cent to 18,125.40. Broader markets continue to bleed.

The solid results by ICICI Bank made many brokerages believe the rerating on the counter will continue in coming quarters. All eyes are now on Karnataka Bank, RBL Bank, UCO Bank and SBI which will be disclosing theirquarterly results in the coming days.

"People are saying it does not matter whether it is a PSU bank or private sector bank; at the end of the day if you are looking at a three- five-year growth timeframe. Let us pick and choose high quality managements and reward them with higher valuations."

Abhay Doshi, co-founder, UnlistedArena, said the company was an exemplary example of a profitable startup with a reputed promoter.

The Sovereign Gold Bond Scheme 2021-22 - Series VII will remain open for subscription for next five days as it can be subscribed till Friday, October 29.

"Our overall growth momentum across our brands / categories has shown a consistent trajectory with good recovery on volume growth trends quarter-on-quarter. Overall penetration trends remain strong and are seeing favourable trends quarter-on-quarter," CPIL Managing Director Ram Raghavan said.

The stock quoted a 52-week high price of Rs 633.55 and a 52-week low of Rs 236.7.

“The hiding places typically have been sectors like consumer, pharma and one cam add insurance too.”

A total of 36,809 shares changed hands on the counter till 02:13PM (IST).