Latest Stock Market News

“This quarter and the next would not be a great time for IT companies, but from the March quarter onwards, till the next year when budgets are reallocated, IT companies will do well and perhaps stock markets will typically lead this anticipation by about two or three months. This might be an interesting time to take IT on for the next five to six years as a cycle.”

"The undertone remains bullish, and one should keep a buy-on-dip approach with strong support at the 40,000-39,800 zone. The immediate hurdle on the upside is placed at 40,700 and once taken out will witness a swift move towards 41,500-41,800 levels," Shah, a Senior Technical Analyst at LKP Securities, said.

The India-focused investor is raising its stake in the financial inclusion space at a time when the country is expected to emerge as the fastest-growing major economy. India has recently earned the distinction of being the fifth largest economy, overtaking the UK.

​"Overall revenue of the company will grow by 14 per cent to Rs 13.4 billion, with MF revenue growing at 13 per cent. MF yields are expected to remain 3.2 bp as the benefit of a rise in equity AUM will be partially offset by an increase in total AUM

The blockchain intends to build private, autonomous platforms for free speech and an open peer-to-peer economy.

When the global economy crashed in March 2020 and markets went into free fall, the U.S. Treasury market - the $25 trillion bedrock of the global financial system - broke down. Sellers struggled to find buyers, and prices whipsawed higher and lower. The Fed stepped in, devoting trillions of dollars to steadying the market.

Reliance Commercial owes creditors ₹9,017 crore. Authum has offered ₹2,207 crore - a 75% haircut for secured creditors - largely funded by internal cash reserves accumulated in the debtor and also some cash payment by Authum.

Last week, Singtel sold 1.76% in Airtel through block deals for a little over ₹7,100 crore. Bulk of that stake - around 1.62% - was acquired by BTL for ₹6,604 crore, while the balance (0.14%) was acquired by public shareholders in Airtel. BTL is now raising fresh debt to part-finance the remaining 1.57% stake buy from Singtel.

At least three top lenders - Axis Bank, HSBC and State Bank of India (SBI) - are likely to extend the loan, which could be raised in the Gujarat GIFT City.

There is money coming into India because we are seen among the very few stable and growing markets in the middle of a lot of uncertainty worldwide," said Siddarth Bhamre, research head at Religare Broking. "That also explains the premium valuations that Indian stocks have been commanding.