Latest Stock Market News

The board of directors of the company will be held on Thursday, September 22, 2022, to consider, inter alia, the proposal of raising of funds by issue of equity shares by way of a rights issue to the eligible equity shareholders of the company,” Bombay Dyeing said in a BSE filing.

“I am positive on the IT sector but I think we need to differentiate between IT companies doing well in terms of their top line, profit growth versus what is the outlook for the IT sector in the stock market, what are the returns from the stock market and that is where I have a concern. ”

The shares of Butterfly Gandhimathi were trading 1.31 per cent higher at Rs 1,520 over the previous day’s closing price of Rs 1,500.40. The scrip has zoomed nearly 850 per cent in the last three years, while it has risen about 40 per cent in the last three months.

Gold prices traded lower with spot gold prices at COMEX trading 0.43 per cent down at USD 1,669 per ounce. Gold prices traded lower ahead of US FOMC meet," Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, said

The Fed on Wednesday is expected to deliver a third straight 75 basis points hike after surprisingly higher August inflation data. There is a small possibility that the U.S. central bank may even opt for a bigger 100-basis-point increase.

The 30-share Sensex advanced 578.51 points to end at 59,719.74. Its broader peer, Nifty50, ended at 17,816.25, up 194 points.

On the technical charts, the RSI of the stock stood at 45.02.

United Spirits Ltd. key Products/Revenue Segments include Beverages (Alcohol), Income From Franchise, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.

Investors also watched for any new developments in the ongoing energy crisis in Europe amid the stoppage of Russian natural gas supply, prompting many governments to plan measures to overcome a cold winter ahead.

A total of 23,839 shares changed hands on the counter till 02:11PM (IST)