Latest Stock Market News

Private sector City Union Bank has reported a 17 per cent jump in its net profits at Rs 254.81 crore for the January-March 31, 2024 quarter, based on improved recovery from slippages.

Gains from metal and energy stocks were offset by losses in banking and IT stocks. Tata Steel, JSW Steel, and Power Grid saw considerable gains, climbing 2.5% to 3.7%. US rate-sensitive IT stocks closed 0.2% lower. Volatility on Tuesday touched 22.3, a 23-month-high. The market capitalisation of all listed companies on BSE surged by Rs 2.23 lakh crore to Rs 414.58 lakh crore.

In the Nifty pack, 26 stocks closed in the green, while 24 stocks ended in the red.

Amid mixed global cues, Indian headline indices closed flat on Tuesday as gains from metal and energy stocks were offset by banking and IT stocks.

Focusing on sentiment indicators , ET Markets is organizing a live interactive session with Rohit Srivastava, founder of Indiacharts.com and renowned for his extensive experience as Research Head and Fund Manager at Sharekhan.

Go Digit shares were trading with a GMP of Rs 50 in the unlisted market when the IPO opened for subscription. However, it has seen a consistent slide in the past few days and is currently trading with a premium of just Rs 25.

Surjitt Singh of PGIM India Mutual Fund discusses playing BFSI through differentiated themes, underweight banking and IT sectors. Market influenced by earnings season, government stability, and sectoral views. Positive on auto, healthcare, building materials. Concerns about real estate valuations. Metal pack showing signs of recovery. Overweight on hospitals and CDMO manufacturers in healthcare sector.

A total of 594 shares changed hands on the counter till 01:44PM (IST).

​So, on an overall basis, we are very happy with how things are going. This is in line with our stated strategy of making sure we focus on quality, driving growth through volume.