Latest Stock Market News

The Dow Jones Industrial Average rose 1.02 points at the open to 38,779.12.

Buying was seen in utilities, consumer durables, telecom and realty stocks while some selling was seen in FMCG, oil & gas, metal and healthcare stocks.

As it has sustained above the hurdle of 23,515 levels, it is expected that Nifty would move towards the next resistance of 1.786% Fib extension at 23,950 levels in the near term. The immediate support is placed at 23,450.

​Indian benchmark equity indices finished at record closing highs yet again on Tuesday, led by gains in technology firms and private banks

In the Nifty pack, 35 stocks closed in the green, while 15 stocks ended in the red.

The rupee rose after drifting in a 10 paisa range last week, with multiple interventions by the Reserve Bank of India that prevented it from falling to its lifetime low of 83.5750, hit in April

The Nifty IT index closed 0.59 per cent up at 34802.95.

​​The deal is valued at up to $ 1.09 billion, according to the term sheet.

​The domestic brokerage firm also stated that the bank managements are already adopting various means including driving staff KRAs and incentivizing employees towards higher deposit augmentation and the recent branch expansion of most banks in semi-urban/rural areas will drive the CASA deposits momentum