Latest Stock Market News

The fuel supply agreements approved by the Union Cabinet in 2013 provide that CIL can import coal to meet its contractual commitments. The company is at present able to meet 100% of the requirements and cannot import coal under the current rules.

Brent crude futures for July, which will expire on Tuesday, gained 63 cents to $122.30 a barrel at 0012 GMT.

PTC India, Algoquant Fintech, Shri Bajrang Alliance, Sanwaria Consumers, Mitshi, Inani Securities, Aroma Enterprises, Avance Syntex, Valecia Nutrition and Vax Housing Finance are among the companies which will announce their March quarter earnings today.

The euro was at $1.0745, down 0.3%, having hit a five-week high of $1.0786 overnight, as German inflation rose to its highest level in nearly half a century in May on the back of soaring energy and food prices.

Only on the stock exchanges, overseas investors pulled over ₹41,000 crore out of local stocks - the highest in a month since March 2020 - when they sold shares worth ₹57,000 crore amid the pandemic led lockdown

LIC reported its first fiscal results after becoming a publicly traded company. The company also announced a 15% dividend for the fiscal year, the first in its history.

On average, IT stocks have fallen 30% from their yearly highs due to worries about a recession in the US, sell-off on the Nasdaq, steep valuations after the recent run-up and the impact of wage inflation on their operating profitability

Nomura has downgraded JSW Steel to reduce from neutral and lowered the target price to ₹500 from ₹667, saying that profitability could remain under pressure in the near term as export duties stall price increases at a time of rising cost inflation.

Ethos raised ₹472.29 crore from its initial public offering that was open for subscription between May 18 and May 20. The IPO was priced in the ₹836-878 band.

The external benchmark-linked framework makes transmission of monetary policy signals automatic in terms of lending rates, but deposit rates are functions of credit demand as well as the prevalent liquidity situation.