Latest Stock Market News

Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 40487.71 Crore) operating in NBFC sector.

The S&P500 futures were trading 0.99 per cent lower at 3,730, hinting at a weak start for US stocks later in the day. While markets such as Japan, China, and Australia edged up to 0.3 per cent lower, those in Hong Kong, Taiwan and Korea were down up to 2 per cent.

Investors are continuing to assess how worried they need to be about central banks pushing the world economy into recession as they attempt to curtail red hot inflation with interest rate increases.

Bitcoin dipped marginally but sustained above $20,000, whereas Ethereum was also under some pressure. Market experts see the volatility in the crypto market to continue in the near term.

Stocks that were in focus on Tuesday included EID Parry, which rallied more than 17 per cent, GSFC which also rose more than 17 per cent, and MRPL which surged by 10 per cent.

"Irrespective of the environment, it is imperative that investors focus on the time-tested principles of asset allocation, based on risk profile, financial capabilities and investment goals. First and foremost, the investor must understand his/her risk profile and determine if he/she is a conservative investor, moderate investor, or aggressive investor. Based on this, an appropriate asset allocation can be arrived at, depending on the investment horizon."

“Among large banks, large PSU banks have been corrected quite a lot. So the valuation looks very comfortable in most of the large PSU banks like State Bank, a small wholesale bank like Canara Bank where again there has been a huge selloff or Bank of Baroda. Coming to private banks, ICICI Bank, HDFC Bank and Axis Bank valuations look very comfortable.”

“In the period from now to August September, till we start getting some favourable inflation data or more correction in crude prices, we will continue to get these opportunities which should be cashed. In the short time, we have made a bottom and we may see a relief rally as we saw yesterday.”

LT Foods Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2258.10 Crore) operating in Agro Processing sector.

The guidelines provide a framework for waiver of phase III clinical trials in India based on a commitment to undertake a phase IV trial, the design of which should be approved by the central licensing authority. In line with this, Biocon presented a proposal for import and marketing of insulin aspart with a waiver of phase III clinical trial in India, the statement added.