Latest Stock Market News

The global cryptocurrency market cap was trading lower at the $951.77 billion mark, falling as much as 2 per cent in the last 24 hours. However, the total trading volume dropped about 17 per cent close to $54.09 billion.

The highest new OI addition was seen at 17700 for Calls and 17000 for Puts in weekly and at 18000 for Calls and 16000 for Puts in monthly contracts.

As of 31-Mar-2022, promoters held 65.4 per cent stake in the company, while FIIs held 20.01 per cent and domestic institutional investors had 0.15 per cent.

“September will be the first month where the balance sheet reduction by the US Fed will become more aggressive. Right now, there is a $30-35 billion reduction every month. It will go up to around $95 billion of reduction per month from September. Monetary tightening combined with this sort of liquidity withdrawal together has never happened in the past. ”

"Powell maintained that the Fed will continue with its tightening policy until the inflation is brought down substantially from a four-decade high. The Fed chief also said that the September rate hike decision will be data-dependent," he added.

A total of 5,164 shares changed hands on the counter till 10:56AM (IST)

Indo Count Industries Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 3126.81 Crore) operating in Textiles sector.

BofA Securities maintained buy rating on Sun Pharma with a target price of Rs 1030. The stock closed at Rs 879 on 26 August. There is some scepticism in llumya ramp-up despite upside risk, the investment bank said. It is a buy on earnings support from the specialty sector, said the note.

Shares of Nelco have risen more than 45 per cent in the last one month. The counter has delivered a return of about 100 per cent in the last one year. The stock has zoomed about 375 per cent since April 1, 2021.

By the end of the week, on Sunday, the market stabilized a little bit, but the losses over the weekend still stood up high and the day ended without getting bullish. Over the analysis of the International exchange books, the buy-side is thin. This phase of the market cannot turn around in just a few days with such conditions.