Latest Stock Market News

Bank of Maharashtra, Alok Industries, Heidelberg Cement, Ganesh Housing, Bhansali Engineering and Nelco are among the company that will announce their quarterly earning for the quarter ended June 2022.

Stocks that were in focus include names like HDFC Bank, which closed with gains of nearly 1 per cent ahead of June quarter results, Adai Enterprises which rose 0.8 per cent, and Adani Transmission which pared gains after hitting a fresh 52-week high.

Meanwhile broader markets have done relatively better as Pharma, Auto and FMCG stocks took the lead. The extended pressure in markets was experienced after 4 decade high US inflation numbers. However, Nifty was able to hold 15900 levels and till these levels are held, we remain positive for the coming sessions.

So far this month, foreign institutions (FIIs) have withdrawn around a billion dollars from the equities and debt market. Surging trade deficit numbers and capital outflows will force the government to revise the deficit target for the current financial year.

On a weekly basis, however, BTC is down by 4.7% and by more than 50% compared to a year back. Celsius Network’s bankruptcy plea dampened the spirits at the start of the week though there have been some positive developments along the way. The story of the week could well be that South Africa is all set to regulate crypto as a financial asset.

The Securities and Exchange Board of India (Sebi) has approved Ashish Chauhan to be the next CEO of the National Stock Exchange (NSE), reports ET Now. Ashish Kumar Chauhan is the current MD & CEO of the Bombay Stock Exchange (BSE). The governing body of the NSE has formed an internal executive committee to run the affairs of the company till the new MD & CEO take charge.

Bitcoin climbed almost 8% in the final three days of the work week, while Ether surged 20%. Neither of the two dominant tokens has set a new low point in this bear market for almost a month. Bitcoin has been hugging the closely watched $20,000 round number, while Ether is hovering near $1,000.

The eight products from AXS Investments look like the start of a coming invasion of amped-up strategies that will seek to enhance or invert the performance of volatile companies, including Tesla Inc., Nvidia Corp. and PayPal Holdings Inc. Another proposed lineup from Toroso Investments offers to layer on a bullish options strategy in order to boost returns

However the main battleground has shifted to how long the overnight benchmark might remain at its peak level and how much, if at all, it will decline next year -- questions that depend on how the economy copes with a policy rate that’s expected to reach 3.5%, from its current range of 1.50%-1.75%. This week’s decline in 10-year yields to levels more than 20 basis points lower than two-year yields signal pessimism on that front.

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