Latest Stock Market News

“Structurally, the index is likely to trade sideways to bearish bias in the short term. As long as the Nifty stays below 17800 on a closing basis it is likely to test 17500 in the short term,” said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.

Dr Reddy’s topline will continue to be aided by sales contributions from the cancer drug Revlimid’s generic. While the overall revenue growth in North America, which makes for 50% of the total sales, is expected to be constrained by price erosion, India is likely to have done well.

The S&P 500 opened higher by 4.09 points, or 0.11%, at 3,834.69, while the Nasdaq Composite gained 0.96 points, or 0.01%, to 10,971.95 at the opening bell.

Meta was the sixth biggest US company by market capitalization at the start of the year, flirting with a $1 trillion market value. Fast forward 10 months and the stock will be worth about $258 billion, ranking it 26th. Its market value is now smaller than companies including Chevron Corp., Eli Lilly & Co. and Procter & Gamble Co.

EGRs offers the participants a safe and convenient avenue to invest in gold and comes at a critical time to support Bullion Industry as it grows in scale. BSE expects greater trades and liquidity in the days ahead as it continues to educate the market and onboard new members.

"Margins for the quarter were impacted by sale of higher cost Wires inventory at relatively lower realizations due to fall in copper prices. Even in the other categories, input costs remain significantly higher than long-term averages, despite some reduction seen in the last few months," V-Guard Industries Managing Director Mithun K Chittilappilly said.

“There are too many global factors at play and for us to say that nothing will impact India will be wrong. We need to be mentally prepared that this global volatility can come and hit India anytime and it could impact our growth rates quite quickly or our inflation or our interest rates quickly and any of these factors will have an impact on loan growth rates and hence asset quality.”

The non-banking finance company said it would use half the proceeds to serve MSMEs and women entrepreneurs

Among the top crypto tokens, Bitcoin was holding around $20,600 rising about 8 per cent in the last one week, whereas Ethereum was comfortable close to $1,550 level, after gaining about 20 per cent in the last 7 days.

Gloomy earnings and warnings by growth companies, including Microsoft Corp and Alphabet Inc, spurred concerns about rising interest rates slowing down economic growth and led the S&P 500 and the Nasdaq to snap a three-day gaining streak on Wednesday.