Latest Stock Market News

While Cloudnine may be raising Rs 2,500-3,500 crore, Medanta is looking to mop up about Rs 2,000 crore and the Park Group of Hospitals is targeting around Rs 800 crore, they said. They IPOs will include newly issued shares as well as sale of stake by some existing investors.

As per the report by the USFDA, Zydus Pharmaceuticals (USA) Inc, is recalling 2,880 bottles of Carvedilol tablets, USP 25 mg in the US due to, "presence of foreign tablets/ capsules; report of two Paroxetine tablets were found in the bottle."

Read more on what to bet on for taking cover from Fed’s tapering, the sectoral winners going ahead, key metrics’ warning for the smallcap space and much more in this week’s edition of ‘Long & Short of Markets’.

The market is getting increasingly stock-specific in nature. We recommend continuing to adopt a highly selective approach while approaching the markets. Select banks and pharma stocks are expected to show improved relative performance and some select mid-caps can do good as well. However, the market is unlikely to see any sector-specific dominant participant.

The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, collectively known as OPEC+, will meet on Wednesday to discuss the previously agreed increase of 400,000 barrels per day (bpd) for the next several months.

Adult entertainment industry is taking a closer look at cryptocurrency payments in the wake of a series of troubles with the mainstream financial system, potentially propelling digital currencies into wider use.

The firm, backed by Qualcomm Inc. and Walmart Inc.-owned payments startup PhonePe, is targeting an IPO size around $175 million at a valuation of about $825 million

As per the terms of the issue on payment of the issue price, subscribers need to pay 25% on application and the balance in two more additional calls as may be decided by the Board/ Committee of the Board from time to time based on the Company’s requirements within an overall time-horizon of 36 months.

If history must give us any indication, the second year of a bull market historically performs well. So, is it fair to assume that 2022 will see similar extension in rally?

Shrikant Chouhan of Kotak Securities said if the index stays above 16,650, the uptrend may continue up to the 16,825-16,950 levels. "A fall below this level may trigger temporary weakness till 16,375-16,300 levels," he said.