Latest Stock Market News

Dogecoin, Shiba Inu and other tokens associated more with online jokes rather than actual software products have been hit harder than sector originals Bitcoin or Ethereum during the recent retreat from the record price levels reached late last year. Doge is off nearly 80% from its all-time high of 74 cents in May, and Shiba has declined more than 65% since hitting its peak of fractions of a penny in late October.

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 18924.13 Crore).

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities said gold has stalled after the sharp sell-off triggered by FOMC minutes as market focus shifts to non-farm payrolls report. "Support from virus concerns and geopolitical risks is countered by Fed’s aggressive monetary tightening stance and weaker investor interest," he added.

The global crypto market cap dropped over a per cent $2.04 trillion mark compared to the last day. The total crypto market volume jumped about 14 per cent to $101.89 billion.

The Nifty Pharma index was trading 0.01 per cent up at 13914.3.

As of 30-Sep-2021, promoters held 41.94 per cent stake in the company, while FIIs held 41.41 per cent and domestic institutional investors had 9.41 per cent.

While the tightening global monetary backdrop is a concern for equity markets, the improving corporate earnings scenario and the resilience of retail investors and DIIs are positive, said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

HDFC Life said the deal is closed subsequent to receiving all relevant regulatory approvals and it will soon initiate the merger of Exide Life with itself.

Earlier this week, SWREL had informed exchanges that Reliance has become its promoter and holds over 40 per cent stake in it. RNESL became SWREL promoter post payment of balance Rs 1,583 crore for acquisition of 25.90 per cent stake in it. The transaction was done on December 30, 2021.

St. Louis Fed President James Bullard on Thursday said the Federal Reserve could raise interest rates as soon as March and is now in a "good position" to take even more aggressive steps against inflation, as needed.