Latest Stock Market News

Banks are now permitted to raise up to 49 per cent of the eligible AT1 capital in foreign currency. However, a debate over what is eligible capital brewing.

Nifty50 went past the 17,200 level; this was the point that had accumulated maximum Call open interest throughout the week. This depicts the inherent strength of the market.

The Dow Jones Industrial Average rose 40.5 points, or 0.11 per cent, at the open to 35,353.06.

Just three trading days ago, the yield on the 10-year benchmark 6.10 per cent, 2031 bond touched its highest ever intraday level of 6.26 per cent. Today, the yield on the benchmark 10-year sovereign bond is six basis points lower at 6.20 per cent, implying a rise in price of around 42 paise.

The near-6 per cent jump in the stock came after a media report said that the company is likely to raise as much as $1 billion from investors.

Analysts see good chances of the index moving towards the 17,300-17,400 range. Key support for the NSE barometer now stands at 17,050, they said.

Nifty50 formed a bullish candle and continued to make higher highs and lows since the last four trading sessions.

The largest cryptocurrency rose as high as $50,363 on Monday, having briefly surpassed $50,000 on Aug. 23 as well -- a level it hadn’t hit since mid-May.

The Nifty Pharma index closed 0.97 per cent up at 14458.5.

Select midcap and smallcap stocks stole the complete spotlight during the session. TD Power System, Zen Technologies, Vodafone Idea, Kitex Garments, Tinplate were among the stocks which posted double digit gains. Bank of India was the only big name, losing more than 5 per cent.