Latest Stock Market News

The Fed will begin allowing its holdings of Treasuries and mortgage-backed securities to roll off in June at an initial combined monthly pace of $47.5 billion, stepping up over three months to $95 billion.

The company remains the second-biggest broker in the country based on active clients, behind industry leader Zerodha.​

While focusing on low beta defensive stocks, a cautiously optimistic approach is advised for the day.

Stock of SBI closed at Rs 479.60 apiece on the BSE, down by 2.27 per cent from its previous close.

The Future Group flagship firm is facing an insolvency petition by its lenders before the National Company Law Tribunal. There is an exodus of people from the board and at other levels in several Future group companies after Rs 24,713 crore deal was called off by Reliance Retail.

Earlier in the day, RBI Governor Shaktikanta Das delivered a video message in which he spoke about the six-member rate-setting panel having met off-schedule, and announced a 0.40 per cent hike in the repo rate and 0.50 per cent increase in the cash reserve ratio.

As it stands, the rupee has shown a fair degree of resilience so far in the Fed’s latest round of monetary policy tightening.

​​The fund acquired these shares at an average price of Rs 225.10, which were sold by Allied Commodities, Balgopal Commercial and Intellect Stock Broking.

The Dow Jones Industrial Average rose 43.01 points, or 0.13%, at the open to 33,171.80.

The Federal Open Market Committee is expected to raise interest rates by a half point at the conclusion of its two-day policy meeting on Wednesday, its largest hike since 2000, and also announce plans to reduce the size of its bloated $8.9 trillion balance sheet.