Latest Stock Market News

Hikal Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 3634.29 Crore) operating in Pharmaceuticals sector.

"Monetary policy stance has moved from accommodative to withdrawal of accommodation and RBI still has to juggle the issuance of net borrowing programme which has material impact on secondary market yields."

The global cryptocurrency market cap was trading sharply lower at the $1.26 trillion mark, rallying more than 4 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 4 per cent to $84.4 billion.

Gold futures on MCX were trading with a decline of 0.13 per cent or Rs 68 at Rs 50,900 per 10 grams. However, silver futures dropped 0.19 per cent or Rs 118 at Rs 62,125 per kg.

Stocks that were in focus include names like MRPL which rallied nearly 20 per cent, Chennai Petroleum rose nearly 15 per cent, and Oil India gained nearly 3 per cent on Tuesday.

“We have been averaging and advising all our clients to stagger their investments over the next three-six months. One of the sectors we feel very positive about is the financial sector and that is something that we have been positive about for quite some time. . I think that the valuations in that sector stack up well. ”

“The risk reward has got lucrative once again and we are recommending our clients to look at smallcaps aggressively from a six, 12, 18 months perspective because if you go by the breadth data and the technical studies, I do not think there is any way one can lose money buying into smallcaps from an investment perspective.”

InterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 70141.40 Crore) operating in Airlines sector.

Shares on One97 Communications had settled marginally higher at Rs 614.6 on Tuesday. The counter is still 72 per cent below its issue price of Rs 2,150.

The yen hit a fresh 20-year low versus the dollar on Wednesday and slipped to a seven-year trough against the euro as traders awaited a European Central Bank meeting likely to leave Japan alone among peers in sticking to ultra easy monetary policy.