📰 Latest Economy & Stock Market News
Vedanta stock price up 1.27 per cent as Sensex slides
Updated at : 2021-08-27 10:20:01

As of 30-Jun-2021, promoters held 0.0 per cent stake in the company, while FIIs held 10.29 per cent and domestic institutional investors had 3.05 per cent.

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Gold steady as investors eye taper clues from Fed symposium
Updated at : 2021-08-27 09:20:01

Spot gold rose 0.1% to $1,793.68 per ounce by 0104 GMT. US gold futures rose 0.1% to $1,796.70.

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Fed hawks circle before Powell speech as they push for bond taper
Updated at : 2021-08-27 09:20:01

Bullard, along with Kansas City Fed president Esther George and Dallas Fed president Robert Kaplan, also all downplayed the impact of the Delta variant in separate interviews, with George and Kaplan saying their business contacts were telling them the economic effects remained limited.

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MEME ETF seeks to tap retail investor sentiment
Updated at : 2021-08-27 09:20:01

The ETF, which requires regulatory approval, will seek to track the performance, before fees and expenses, of the Solactive Roundhill Meme Stock Index, which in turn seeks to track the performance of "meme stocks," according to a filing on Thursday with the U.S. Securities and Exchange Commission.

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Buy Tata Consumer Products, target price Rs 880: Kotak Securities
Updated at : 2021-08-27 09:20:01

Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 78636.01 Crore) operating in FMCG sector.

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3 infra stocks to bet on for next 4-6 months: Rahul Sharma
Updated at : 2021-08-27 09:20:01

“We will see stock or sector rotations taking place. For the next three to four months, IT will definitely play well along with FMCG and banks.”

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Would HDFC Bank, Bharti Airtel make good bets now? Sandip Sabharwal answers
Updated at : 2021-08-27 09:20:01

“Bharti Airtel could remain somewhat weak in the near term till the fund raising gets through but longer term it should do well.”

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Smallcaps likely to fall in next 12-24 months. This indicator suggests so
Updated at : 2021-08-27 09:20:01

Data showed smallcap valuations are stretched to such a level vis-a-vis Nifty50 that chances of the former underperforming key benchmark indices are quite high in the next 12-24 months.

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Reliance Jio only telco to gain RMS in Q1: Trai data
Updated at : 2021-08-27 08:20:01

Telecom market leader Jio reported 242 bps gains on-quarter, taking its RMS in the fiscal first quarter to 39.5%. No 2 telco, Bharti Airtel’s RMS fell 82 bps sequentially to 34.9% while loss-making Vi lost further ground on this score, its revenue share plunging 119 bps on-quarter to a modest 18.6% in the April-June period, sector experts said.

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Strong capital buffers to help PSBs: Moody’s
Updated at : 2021-08-27 08:20:01

India’s second coronavirus wave is increasing asset risks for banks, but the country’s economic recovery, a tightening of loan underwriting criteria and continued government support will prevent a sharp spike in problem loans, it observed.

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