Latest Stock Market News

Private banks, power and auto stocks were in the spotlight. Reliance Industries also saw some buying interest initially on the back of two deals in the renewable energy segment but the euphoria soon evaporated.

A total of 449,185 shares changed hands on the counter till 02:07PM (IST).

Coal India shares saw buying on Monday, snapping three days of losing run. The counter was up 4.54 per cent at Rs 197.

Power stocks are in focus due to the increasing demand which has picked up in the second half of this fiscal with the easing of lockdown measures, said Rahul Sharma, Co-founder, Equity99.

While the broking firm said the app was up and running, that was not the case with many investors who said they were yet to see their portfolio stock performance since Friday morning when the glitch first surfaced.

As of 30-Jun-2021, promoters held 46.55 per cent stake in the company, while FIIs held 18.6 per cent and domestic institutional investors had 11.43 per cent.

Kacholia was holding this stock at least since the December quarter of 2017.

On the technical charts, the RSI of the stock stood at 46.44.

"Air India business has the potential to change the fortunes of TCS India business but it is very hard to go and estimate and put a value on it."

A total of 452,737 shares changed hands on the counter till 01:36PM (IST).