Latest Stock Market News

Rallis India’s counter plunged to a low of Rs 255.25 as against Rs 281.10 at previous close on the BSE. The stock was last trading 6 per cent lower.

Tata Elxsi Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 49042.07 Crore) operating in IT Software sector.

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research, Kotak Securities said that gold is trading in a narrow range as support from renewed weakness in equities, growth worries, inflation concerns and geopolitical tensions is countered by the monetary tightening stance of the Fed and other central banks.

The telecom billionaire added that India is amongst the most important nations in a deeply-divided world as it has consistently valued its democratic system.

The IPO consists of issuance of fresh equity shares aggregating to Rs 280 crore and an offer for sale (OFS) of up to 24 million equity shares by promoters and existing shareholders of the company.

This was the first meeting between the two central banks after Russia invaded Ukraine on February 24. The officials assessed the technical hurdles faced by exporters and importers in the two countries.

Hindustan Zinc, Sundaram Fasteners, MMTC, Tejas Networks, Tata Metaliks, Khaitan Chemicals, Wendt, Aditya Birla Money and Quest Capital are the companies that will announce their March quarter results today.

High-growth stocks, including those of Alphabet Inc and Amazon.com Inc, fell as investors fretted about how the higher rate environment would impact their future growth potential. Meta Platforms Inc declined 6.2%, taking its losses in the last two days to 13.5%.

China is easing monetary policy and Japan is pinning its government bond yields near zero, while overnight Federal Reserve Chairman Jerome Powell said a 50 basis-point rate hike was on the table at the next meeting in two weeks. The remark, though more or less in line with market expectations, sent five-year U.S. yields above 3% for the first time since 2018 and unwound a bounce in the euro.

Stocks which were in focus included RIL, India’s most valued company with a market capitalization of more than Rs 18.8 lakh crore, which hit a fresh 52-week high of Rs 2,788 before closing with gains of 2.3 per cent at Rs 2,782.