Latest Stock Market News

Money markets are currently pricing in 163 basis points of monetary tightening from the Bank of England this year, equivalent to at least six 25 basis point rate increases.

The global cryptocurrency market cap today dropped lower to $1.72 trillion, down about 3 per cent in the last 24 hours. Total cryptocurrency trading volume jumped as much as 16 per cent to $62.45 billion.

The stock traded at a P/E multiple of 136.03, while the price-to-book value ratio stood at 8.87.

Promoters held 54.9 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 20.19 per cent and 10.75 per cent, respectively.

A total of 463,177 shares changed hands on the counter till 02:10PM (IST).

Halfway through the global financial crisis in 2008, while the Nifty had corrected, India’s 10-year bond yields had increased from 7.9% to close to 9.5% (and only later fell due to a very steep cut in the repo rates, in line with the quantitative easing undertaken by the US Federal Reserve).

ICRA pegs AUM growth of retail NBFCs at about 5 to 7 per cent in the current financial year and 8 to 10 per cent in the next, while that for Housing Finance Companies is estimated at 8 to 10 per cent in the current year and 9 to 11 per cent in the next.

The stock quoted a 52-week high price of Rs 701.75 and low of Rs 469.75.

So far in the current calendar year, the BSE Sensex has shed a mere 4.6 per cent, despite FIIs paring down stock holdings by a massive Rs 1.1 lakh crore over the same period. When compared to March 2021, the headline index has in fact gained 12 per cent.

The Fed is widely expected to lift rates by 25 basis points in its meeting later this week, while the Bank of England is seen raising rates to 0.75% on Thursday.