Latest Stock Market News

HDFC Asset Management Company Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 41140.28 Crore) operating in Financial Services sector.

The Nifty Pharma index was trading 0.27 per cent down at 12540.15.

"Wealth creation in the equity market is a mix of variables that are in an individual’s control and certain variables which are not as much. The festive season has brought significant cheer with celebrations after two years of disruptions thus fueling demand for discretionary categories like apparel, jewellery, footwear, retail, hotels etc. The expected strong earnings outlook has led to a run up in most stocks in the discretionary space."

Fortis Healthcare Ltd. key Products/Revenue Segments include HealthCare Services, Other Operating Revenue, Lease Rentals, Pharmaceuticals and Export Incentives for the year ending 31-Mar-2022.

Mishra Dhatu Nigam Ltd., incorporated in the year 1973, is a Mid Cap company (having a market cap of Rs 4191.89 Crore) operating in Metals - Ferrous sector.

At 9.18 am, the BSE Sensex was trading 419.41 points or 0.71 per cent lower at 59,037.37. Nifty50 was trading at 17,585.70, down 132.60 points or 0.75 per cent.

“Now with the deflationary and the recessionary scenario coming in the global setting, the money that had left India to go to the commodity producing countries is likely to re-shift from the commodity exporting market to a commodity importing market like India. FII flows will come and support the market. “

The two nearest VIX futures last inverted in June, amid a bout of intense selling that drove the S&P 500 to its bear market low. The index staged a 17% soon after, though most of that rally has been reversed on fears the Fed will be more hawkish than previously anticipated.

The U.S. yield curve deepened its inversion in a volatile session overnight as short-end Treasuries sold and the longer end rallied as investors priced out the chance of a "soft" economic landing, and braced for damage to longer-run growth.

Sterling and Wilson Renewable Energy Ltd., incorporated in the year 2017, is a Mid Cap company (having a market cap of Rs 5797.03 Crore) operating in Engineering sector.