Latest Stock Market News

The S&P BSE Sensex index rose as much as 229 points to touch 58,081.12 in the first few minutes of trade, and the broader NSE Nifty50 benchmark climbed to as high as 17,311.95, up 78 points from its previous close.

Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 115080.83 Crore) operating in FMCG sector.

The government has sought bids for legal advisors for the second time for the public listing of Life Insurance Corporation (LIC) of India after insufficient interest was seen during the first attempt.

US West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.3%, to $69.75 a barrel at 0200 GMT, while Brent crude futures fell 13 cents, or 0.2%, to $72.90 a barrel.

Sebi is pushing the housing finance firm to relook at a deal to sell a Rs 4,000-crore stake to private equity investors led by Carlyle on the grounds that valuation norms have not been followed.

Spot gold rose 0.1% to $1,811.79 per ounce by 0115 GMT, but was headed for its first weekly decline in four. US gold futures gained 0.2% to $1,814.80.

Investors shouldn’t worry about surprise losses and can keep their positions for now, as record low rates and an abundance of cash should help eke out more profit in coming quarters, Ashish Parthasarathy, treasurer at HDFC Bank Ltd., the country’s biggest lender by market value, said in an interview.

Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 74722.52 Crore) operating in Auto sector.

Reddit was valued at $10 billion in a private fundraising round last month. By the time the IPO takes place early next year, Reddit hopes it will be valued at more than $15 billion, one of the sources said.

As many as 135 stocks on the index are down more than 20 per cent from their 52-week highs, and need up to 210 per cent rally to revisit their recent peaks. Half a dozen stocks are trading 50-67 per cent below their peaks, which indicates that they need a 100-200 per cent rally to regain their recent highs.