Latest Stock Market News

On the technical charts, the 200-day moving average of the stock stood at Rs 118.08.

The stock quoted a 52-week high price of Rs 449.8 and low of Rs 231.95.

The stock traded at a P/E multiple of -13.26, while the price-to-book value ratio stood at 599.54.

Ravi Singh, Vice President and Head of Research, ShareIndia advised buying gold above Rs 52,500 for the target of Rs 53,100, whereas traders can short the yellow metal below Rs 52,300 for the target of 52,000.

The global cryptocurrency market cap jumped to $1.87 trillion mark, up more than 2 per cent in the last 24 hours. However, total cryptocurrency trading volume dropped 8 per cent to $92.5 billion.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 12.96 per cent and 7.53 per cent, respectively.

"Safety is now in segments which are unlikely to be impacted by inflation and potentially rising interest rates. Companies with high market share and pricing power will withstand the headwinds. It is also important to remember that in the early stage of inflation earnings of companies will go up," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

On the technical charts, the 200-day moving average of the stock stood at Rs 966.44.

Reliance Capital’s counter fell to a low of Rs 19.05 as against Rs 20.05 at previous close on the BSE.

A total of 18,285 shares changed hands on the counter till 10:30AM (IST).