Latest Stock Market News

The second fund will invest in nearly 30 early-stage platform-first businesses across three focus sectors – fintech, consumer tech and B2B platforms with first cheque of Rs 5 crores and 30% reserve ratio for making follow-on investments.

A long buildup, signaling a bullish trend, happens with rising open interest, volumes, and stock prices. On Tuesday, five stocks saw new long positions.

A total of 26,798 shares changed hands on the counter till 11:42AM (IST)

Ola Electric’s IPO, opening on August 2, aims to raise Rs 5,500 crore through a fresh issue and sell 8.49 crore shares. The IPO suggests a 16% grey market premium.

As of 30-Jun-2024, promoters held 39.98 per cent stake in the company, while FIIs held 28.25 per cent and domestic institutional investors had 7.79 per cent.

The Relative Strength Index of the stock stood at 45.0 on Monday.

The rupee opened at 83.73 against the US dollar on Tuesday amid firm overseas markets and declining crude oil prices. The domestic equity market saw gains with the Sensex rising 67 points to 81,423.53 and Nifty up 25 points to 24,861.35. Forex traders noted restrained rupee movement due to month-end dollar demand and outflows.

A total of 1,164,658 shares changed hands on the counter till 10:10AM (IST)

In the short term, we can see Nifty around the 25,900-26,000 levels, and yes, we do evaluate the global market, but we focus more on Indian market analysis.

​And given that kind of a situation that we are talking about, maybe many of the companies which are basically using the derivatives of the crude oil, they are going to be the beneficiary and particularly those are the ones which are likely to be in the chemical and speciality chemical segments in particular.