Latest Stock Market News

Bullish bets have been quite aggressive in the options segment too, as the open interest has almost doubled in absolute terms in the December series. This is causing some worry to a few analysts.

Axis Securities believes that the Indian economy stands in a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy. It also believes that the current setup is a ‘Buy on Dips’ market.

Churning action is expected to continue for the next few weeks. Upside count of Nifty as per P&F chart continues to be open around 19,300, yet we are likely to see range-bound action between 18,500-18,900 in the near term.

APL Apollo Tubes, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 29325.37 Crore) operating in Metals - Ferrous sector.

Despite reporting dismal quarterly numbers for the September quarter and seeing earnings downgrades, Tata Motors stock remains a “strong buy” for atleast 17 of the 29 analysts tracking the company, according to Trendlyne.

The market doesn’t see the terminal rate going above 5%. In India there are signals that this is a market trending higher, in spite of the high valuations, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The move by the state-run power transmission major comes close on the heels when the telecom sector is ramping up its 5G service across the country to bring business transformation that can contribute two per cent to the national GDP.

The company wants to raise ₹2,000 crore to ₹3,000 crore through this transaction, which is likely to be completed during this fiscal year or by March 2023," a source said.

The dollar initially jumped on Friday after U.S. data showed that employers added 263,000 jobs in November, well above estimates of 200,000, but gave up the gains as traders booked profits, with some of the Fed speakers allaying market concerns.

A meeting of the board of directors of the Dhanlaxmi Bank is scheduled today to consider/ approve the raising of funds by way of issuance of Non-Convertible Debentures (NCD5) in the form of Basel III compliant Tier 2 Bonds aggregating to Rs 300 crores.