Latest Stock Market News

Rajesh Exports, Tinplate Company of India, Jai Balaji Industries, East India Securities, Prabhat Technologies Inida, PG Foils and Aditya Birla Money are among the companies that will announce their September quarter results today.

Prime Minister Narendra Modi led a review meeting on the digital currency on Saturday, and it was decided that the government will continue to proactively engage with experts and other stakeholders on the evolving technology, the people said, asking not to be identified.

After Morgan Stanley, Goldman Sachs, UBS and Nomura, it is CLSA now that has called for booking profits on Indian equities citing rich valuations, pressures on margins, and a high probability of earnings disappointment among other reasons.

In their latest letter to the CCI chairman Ashok Kumar Gupta the directors quoted Amazon’s internal communications and said the US giant was initially planning to pump money directly into FRL through a proposed foreign portfolio investment.

Pattern analysis shows that the Head and Shoulder formation is still there; this is potentially a bearish one. However, as mentioned in our previous technical note, any formation should not be read in isolation; the neckline of this formation coincides with the important support of 50-DMA at 17,795.

There is no denying the fact that the market has gone up over the last 18 months and there is a clear and massive shift in the market in terms of retail participation. However, now that the market has witnessed a stellar rally, many investors are wondering how they should position themselves for the future.

Companies from the Gautam Adani Group were in the buzz during the week as the stocks hit new 52-week highs.

Today, India is the 3rd largest startup ecosystem after the US and China, with more than 60K startups, which is bound to attract global capital to India.

Income from operations was down by 2.15 per cent to Rs 1,531.92 crore in Q2FY22, as against Rs 1,565.58 crore in Q2FY21, it said.

The stock of Sigachi Industries, which raised Rs 125.43 crore via its initial stake sale, is exchanging hands in the grey market at a premium of Rs 220-230, or 145 per cent, over its issue price of Rs 163.