Latest Stock Market News

“The equity market does not see a recession this time though a slowdown is possible. That is my view as well. I do not see five, six, seven Fed rate hikes as some people are saying. I see a slowdown coming and that is going to stop the Fed and its track.”

"Our wholly-owned subsidiary Mis Triveni Turbines DMCC has signed an agreement for acquisition of 70 per cent equity shares of TSE Engineering Pty. Ltd. (TSE)," Triveni Turbine said in a BSE filing.

At the upper end of the price band of Rs 650 per share, Ruchi Soya FPO is available at more than 40 per cent discount to the company’s current market price.

A total of 953,293 shares changed hands on the counter till time (IST).

On the technical charts, the 200-day moving average of the stock stood at Rs 2486.42.

The 30-share pack Sensex declined 304.48 points or 0.53 per cent to close at 57,684.82. Its broader peer NSE Nifty fell 69.85 points or 0.40 per cent to 17,245.65.

Several mutual fund schemes had subscribed to the IPOs of these companies last year. Some of them raised their stakes in these companies after listing. As of February 28, 2022, mutual funds held 9.1 million shares of Nykaa compared to 4.8 million at the time of listing.

On Thursday, gold futures on MCX for April delivery were trading at Rs 51,767 per 10 gram, up Rs 99 or 0.19 per cent.

Dhampur Sugar Mills (DSML) is focusing on creating value for shareholders by strengthening the non-commodities business to achieve consistent earnings growth with higher EBITDA margins.

Zee’s share price surged to a high of Rs 281.65 as against Rs 256.05 at previous close on the BSE.