Latest Stock Market News

"The government over the years has brought down the cost of doing business by optimising and I think that is good. Fundamentally, we always look at the cost of doing business and the ease of doing business and the government has done a good job over the years of getting that better. Fundamentally, the focus and spending on infrastructure should continue. That has a huge multiplier effect."

“We believe that IT stocks can be a good buy for both small and medium term gains led by good corporate earnings and expectations of slowing pace of interest rate hike by Fed. Investors can also accumulate auto shares as good demand and RM prices cooling off may lead to rise in these stocks,” Mohit Nigam, Fund Manager & Head - PMS at Hem Securities said.

Separately, BYD said on Wednesday it had raised prices for each of three electric vehicle models by 2,000 yuan to 6,000 yuan, citing reasons including rising battery prices and the scheduled expiration of some state subsidy plans.

Life Insurance Corporation of India, incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 396482.48 Crore) operating in Financial Services sector.

"India is a deep and scalable investment opportunity when India is almost seen as a safe haven makes me even more excited about Indian markets. This will be a watershed moment where due to expensive valuations in largecap, smart money will look to take advantage of attractive valuations in small and midcaps."

Last heard, ahead of its listing, the shares of Inox Green were exchanging hands at a marginal discount in the grey market.

The Nifty Pharma index was trading 0.32 per cent up at 12877.0.

Arvind Agarwal, the chief financial officer of omnichannel fashion and beauty retailer Nykaa has resigned to pursue other options in the technology space. Nykaa said on Tuesday that it was in the process of appointing a new CFO.

The overnight move reflected better risk sentiment as stocks and bonds rallied on the back of better corporate earnings and expectations of slower rate hikes from the Fed, said Carol Kong, a currency strategist at Commonwealth Bank of Australia.

The 30-share Sensex ended 274 points higher at 61,419 while its broader peer Nifty 50 ended just below the 18,250 level