📰 Latest Economy & Stock Market News
Taper tantrum unlikely; expect defensive and growth stocks to do well: Mark Matthews
Updated at : 2021-08-27 13:20:01

The specifics of tapering will likely come on the FOMC meeting on September 22. Interest rates not likely to be raised. Powell is going to be reappointed around the Labour Day weekend which is September 6. Why would he want to upset the apple cart just before he is going to get reappointed by making some announcements about tapering at Jackson Hole?

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Bandhan Bank rises 0.85% as Sensex climbs
Updated at : 2021-08-27 13:20:01

The stock traded at a P/E multiple of 21.2, while the price-to-book value ratio stood at 3.13.

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Colgate-Palmolive shares up 0.15% as Nifty gains
Updated at : 2021-08-27 13:20:01

A total of 3,840 shares changed hands on the counter till time (IST).

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Commodity strategies: Gold, silver, crude, base metals
Updated at : 2021-08-27 13:20:01

Here is a look at how different commodities are behaving in today’s market.

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Shares of Info Edge rise as Nifty gains
Updated at : 2021-08-27 13:20:01

On the technical charts, the 200-day moving average of the stock stood at Rs 4812.19.

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Aggressive Jio ups focus on smartphone bundling to acquire high-end users
Updated at : 2021-08-27 12:20:01

The 4G-only telco has started to roll out ‘Jio exclusive’’ smartphones through partnerships with Vivo, Xiaomi, Samsung, Oppo, HMD Global and iTel among others. Xiaomi and Samsung didn’t respond to ET’s emailed queries.

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ICICI Pru Life stock price up 0.78 per cent as Sensex climbs
Updated at : 2021-08-27 12:20:01

As of 30-Jun-2021, promoters held 51.34 per cent stake in the company, while FIIs held 17.17 per cent and domestic institutional investors had 3.51 per cent.

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Biocon shares rise 1.17% as Nifty gains
Updated at : 2021-08-27 12:20:01

The stock quoted a 52-week high price of Rs 487.7 and a 52-week low of Rs 327.75.

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Zen Tech rallies 12 per cent as govt notifies new drone rules
Updated at : 2021-08-27 12:20:01

Zen Technologies is the sole listed player active in manufacturing drones in India and is expected to be the key beneficiary of the new rules.

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Expect further upside in Dabur, HUL and Marico: Hemang Jani
Updated at : 2021-08-27 12:20:01

“The FMCG management commentaries both on the rural side as well as overall basis, are sounding far more optimistic and that explains part of the outperformance in the past one week or two weeks.”

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