Latest Stock Market News

Citigroup reaffirmed its buy rating on RR Kabel, while JPMorgan remains overweight on RIL. Axis Capital upgraded Indigo to buy, and Jefferies retained a buy rating on Tata Steel.

Apollo Hospitals is expected to post healthy growth in core earnings for the quarter ended March 2024 due to improved ARPOB and Healthco operations. Analysts predict a 68% year-on-year growth in net profit for the fourth quarter.

Awfis Space Solutions lists at 14% premium over issue price with strong investor interest and expansion plans. Financial challenges persist despite revenue growth. Book running lead managers include ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services.

A total of 44,065 shares changed hands on the counter till 10:05AM (IST)

The private equity firm acquired a 21% stake in RR Kabel five years prior to the IPO, which was launched in the latter half of 2023. Since then, it has continuously reduced its stake.

The transition to faster trade settlements in the U.S. faced bumps despite a mainly smooth switch to T+1 settlement cycle from T+2, mandated by the SEC. Market participants anticipated increased trade failures and hiccups in the securities market.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

The dollar surged to a two-week high against major peers on Thursday due to a rout in Treasuries, boosting its appeal with higher U.S. yields and demand for safe haven assets.

Asian stocks fell as investors awaited key inflation readings for clues on global interest rates and monetary policy. The dollar rose on higher Treasury yields as gold remained under pressure. Equities slid, bonds swooned, and the USD showed strength. Markets reacted to data on inflation, economic activity, and German inflation.

Campus Activewear Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 7640.55 Crore) operating in Leather sector.