Latest Stock Market News

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 244207.56 Crore) operating in Auto sector.

The stock quoted a 52-week high of Rs 512.05 and a 52-week low of Rs 350.35.

The Nifty Auto index was trading 1.8 per cent up at 11852.2.

Promoters held 48.05 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 28.12 per cent and 11.33 per cent, respectively.

Coupled with the rise in oil prices, domestic currency traders felt that the rupee could see some correction over the near term, especially as the Indian unit has displayed extraordinary resilience against the US dollar since the second fortnight of December.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 362871.30 Crore) operating in IT Software sector.

Analysts noted that cement sector demand came under pressure in November and the first half of December due to unseasonal rainfall, a sand crisis in a few markets of Uttar Pradesh and in East India, and the marriage season after the Covid-19 outbreak in CY20.

Credit Suisse has a target of Rs 1,950 on the stock while Macquarie sees it at Rs 2,005.

In the spot market, the highest purity gold was sold at Rs 48,135 per 10 grams. Silver was priced at Rs 61,859 per kg on Friday, according to the Indian Bullion and Jewellers Association.

Asian share markets were choppy on Monday as a slew of Chinese economic data confirmed the deadening effect of coronavirus restrictions on consumer spending, prompting Beijing to again ease monetary policy.