Latest Stock Market News

Technical indicators such as the 14-day RSI suggest Nifty50 is still in the overbought zone. A consolidation is likely, said analysts, who believe the 18,300 level would be a crucial support for the index.

“There is a long way to go for IRCTC in terms of long-term potential.”

In the Nifty pack, 16 stocks closed in the green, while 34 stocks ended in the red.

Net sales rose 9.63 per cent to Rs 3,864.97 crore as against Rs 3,525.41 crore earlier.

The Nifty50 index closed 0.3 per cent lower at 18,423.35, while the BSE-Sensex ended at 61,716.05 points, down 0.1 per cent. Both the indices had fallen over 0.5 per cent at one time during the session.

In the international market, gold was trading higher at $1,782 per ounce and silver was flat at $23.72 per ounce.

“For Nestle we are expecting around a 50 bps decline in the operating margins and we are expecting a single digit growth in PAT. “

“HUL businesses are not so seasonal in nature. The opening does not have a huge, huge impact. ”

A total of 13,934,087 shares changed hands on the counter till 02:13PM (IST)

“Jubilant is probably at around 37-38 times EV/EBITDA while Westlife is around 33-34 times EV/EBITDA. ”