Latest Stock Market News

On the Multi Commodity Exchange, nickel contracts for the August delivery gained Rs 4.20, or 0.29 per cent, to Rs 1,448.50 per kg in a business turnover of 1,707 lots.

The Nikkei share average climbed 1.08% to 28,089.54, closing above the 28,000 level for the first time since Aug. 12. The broader Topix gained 0.54% to 1,960.70.

Australian stocks took cues from solid current account data and an upbeat New York session overnight, Jeffrey Halley, a market analyst at OANDA, said in a note.

At the close, the blue-chip CSI300 index ended 0.16% lower, with the consumer staples sector down 1.58% and the healthcare sub-index down 1.98%.

A total of 13,414 shares changed hands on the counter till 02:14PM (IST).

“Pace of market expansion higher than economic rebound. I am not too surprised by what we have seen with the midcaps. I would not be too surprised if there is some kind of a pullback in this space over the rest of the year.”

The stock quoted a 52-week high of Rs 4298.25 and a 52-week low of Rs 2219.0.

Analysts said there were growth prospects in Indonesia and the acquisition was attractive value-wise. The deal could increase the fair value of Burger King India by Rs 25 apiece, they said. But for now, they have kept the price targets unchanged.

On the technical charts, the 200-day moving average of the stock stood at Rs 238.7.

The grey market premium shows the market is also not that enthusiastic about the issue. Grey market premium for Vijaya Diagnostics is at Rs 30, which is 5.6 per cent of IPO price. It suggests there may not be any big listing gains.