Latest Stock Market News

The Dow Jones Industrial Average fell 58.73 points, or 0.17 per cent, at the open to 34,739.27.

Analysts said the 17,800-17,750 levels would offer immediate support to the index while the 17,950-18,000 range may act as resistance in the short term.

Reliance Industries is considering investing about $300 million in Glance InMobi backed by Google. Reliance’s investment could involve strategic cooperation along with the financial element.

Shares of East India Hotels, Chalet Hotels and Indian Hotels were among the biggest gainers of the day. They rose 5-13 per cent on improving business conditions. As the vaccination has picked pace, more and more people are travelling, resulting in more room bookings.

In the international market, gold was trading with gains at $1,755 per ounce and silver was flat at $22.60 per ounce.

Natural gas spot prices have more than doubled since early April this year, and going by the bullish stance of traders and analysts in the derivative markets, the rally seems to be far from over.

The Nifty Bank index closed 0.9 per cent up at 38171.25.

The issue broke all records of subscription.It saw applications for 2,17,26,31,875 shares against the total issue size of 71,40,793 shares. This means the offer was subscribed nearly 304.3 times.

The top loser of the day, AquaGoat.Finance, priced at $0.000000000208, fell 96.65 per cent in the last 24 hours.

Nifty50 formed a bearish candle on the daily scale with a longer lower shadow, indicating that declines were bought into.