Latest Stock Market News

The crypto market cap has crossed the $1 trillion mark, thanks to an over 20% jump in Bitcoin and Ether prices in just seven days. This is a strong sign that bulls are returning to the market with US central banks successfully bringing down the inflation and saving the economy from slipping into recession.

Just Dial said that total traffic of unique visitors for the quarter increased by 9.8% to 15.68 crores on a year-on-year basis with 85.5% traffic originating on mobile platforms, 10.9% on desktop and PC, and 3.6% on its voice platform.

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Wipro, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 217940.57 Crore) operating in IT Software sector.

A total of 117,280 shares changed hands on the counter till 11:38AM (IST)

While TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC and Life Insurance Corporation of India (LIC) were the gainers, Reliance Industries Limited, State Bank of India and Bharti Airtel faced erosion from their market valuation.

The CEO of Berkshire Hathaway and current primary shareholder, Warren Buffett is one of the most successful investors of all times. A former student of Benjamin Graham, Buffett is noted as a legendary value investor, though he is also believed to incorporate an emphasis on management quality and company growth prospects.

Morgan Stanley downgraded Avenue Supermarts (D-Mart) to Equal-weight post December quarter results with a target price of Rs 3853.

In Q3, DMart missed estimates by reporting a revenue growth of 25.5%. Its PAT (profit after tax) grew 7% YoY as weak discretionary demand pulled down same store sales growth. Its gross margins declined 60 basis points YoY and 20 basis points QoQ to 14.3%.

The brokerage upgrades FY23 earnings by 3% led by higher NII and lower provisions. Valuation is at 2.6x Sep’24 core ABV. Maintaining multiple at 3.0x, the brokerage raises target price to Rs1,850 from Rs1,800.