Latest Stock Market News

Biocon declines 1.2% as Sensex climbs

Updated at : 2021-09-01 15:20:02

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The stock traded at a P/E multiple of 62.96, while the price-to-book value ratio stood at 6.51.

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As of 30-Jun-2021, promoters held 66.33 per cent stake in the company, while FIIs held 19.65 per cent and domestic institutional investors had 0.82 per cent.

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Fino PayTech is eyeing to raise about Rs 74.75 crore by issuing 29,66,470 crore equity shares to eligible shareholders via a rights issue.

The Nikkei average gained 1.29% to 28,451.02, its highest close since July 14, having broken above key resistance levels such as the 200-day average at 28,281.

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The blue-chip CSI300 index rose 1.3% to end at 4,869.46, while the Shanghai Composite Index gained 0.7% to 3,567.10.

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After seven straight months of gains, the pan-European STOXX 600 started September with a 0.9% rise, holding just a point below its life high.

According to a Bloomberg report, Indian startups raised nearly $8 billion in July while funding to China fell below $5 billion. Is it a one-month wonder or early signs of things to come? Only time will answer that question.

Ashok Leyland shares down 0.33% as Nifty falls

Updated at : 2021-09-01 14:20:01

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The stock quoted a 52-week high price of Rs 143.25 and low of Rs 64.2.

While Mirae Asset S&P 500 Top 50 ETF will close on September 14, Mirae Asset S&P 500 Top 50 ETF Fund of Fund will close on September 15.

“Domestic liquidity is propping up the market. We have seen some very large mobilisations made by some of the mutual fund schemes, the kind of numbers that we have never heard before. While the risk reward is looking unfavourable for the broader market, realty is one theme which should deliver positive returns. Largecap IT names, banks and autos are the reasonable part of the market where one can stay put”

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