Latest Stock Market News

A total of 84,275 shares changed hands on the counter till 12:13PM (IST).

“350 out of the CNX 500 stocks, that is 70% of the index constituents, have corrected 10% plus from their 52-weeks high. So, an in-born correction is starting to take place which is masked by the fact that due to sector rotation, the index has not really corrected as much.”

“Break the FMCG and the cigarette business and the food business and there is a huge potential as far as valuation is concerned. The stock can easily go to Rs 350-400 levels ”

“Do not extrapolate the last 18 months’ returns into the next 18 months. Please moderate your expectation on the return side otherwise one can get disappointed.”

Morgan Stanley has enlisted five stocks ideas for 2022 for investors to play the sustainability trend

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities said: Gold continues to trade near June highs, however, the momentum has stalled amid mixed factors. Increasing demand for gold is supporting prices amid rising inflation and choppiness in equities.

Though some analysts recommend booking profits in Sigachi now, others believe investors should ride the rally.

“On the technical front, if markets sustain well above 18,000 levels for 2-3 sessions, we can easily witness 18,500-18,600 levels in the near term once again. Immediate support and resistance level in Nifty50 are 18,000 and 18,250, respectively,” said Mohit Nigam, Head - PMS, Hem Securities.

On the technical charts, the 200-day moving average of the stock stood at Rs 225.42.

Barring the two dollar-pegged stablecoins, all other eight out of the top 10 cryptocurrencies were trading lower at 9.30 hours IST. Polkadot tanked 11 per cent, whereas Bitcoin and Etheremum shed up to 8 per cent each.