Latest Stock Market News

Bitcoin accounts for nearly $600 billion of that value, followed by ethereum, with a $285 billion market cap.

“Demand destruction is happening at a much faster clip and margins are getting squeezed. Overall, I am not too confident that steel would do too well now. The only plus point is that balance sheets have been repaired and stocks are not looking that expensive. So, a gradual decline is likely.”

The initial share-sale comprises fresh issuance of equity shares worth Rs 250 crore and an offer for sale of 20,066,269 equity shares by promoters and existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday.

Currently, CIS rules do not mandate minimum number of investors, maximum holding of a single investor or minimum subscription amount.

“There are various models for investing in technology and the most relevant one at this moment would be the Gartner model which talks about triggers for innovation. Then the peak of inflated expectations happens and followed by the trough of disillusionment which is what we are seeing now. It is typically followed by the slope of enlightenment. We will finally reach the plateau of productivity,”

On the technical charts, the 200-day moving average of the stock stood at Rs 1422.56.

Welspun India Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 6432.26 Crore) operating in Textiles sector.

The Relative Strength Index of the stock stood at 49.44 on Wednesday.

The continent-wide STOXX 600 index rose 0.4% by 0715 GMT, with real estate leading morning gains.

Following the development, Aurobindo Pharma’s counter touched a 52-week low of Rs 581 on the BSE. The scrip had closed at Rs 603.05 on Tuesday.