Latest Stock Market News

Shree Cements shares gain 0.78% as Sensex rises

Updated at : 2022-12-08 13:30:04

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The stock quoted a 52-week high of Rs 27932.6 and a 52-week low of Rs 17900.0.

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Promoters held 69.64 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 8.29 per cent and 11.34 per cent, respectively.

Crompton Greaves shares down 0.35% as Nifty gains

Updated at : 2022-12-08 13:30:04

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A total of 9,742 shares changed hands on the counter till 12:53PM (IST).

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​More importantly I believe that probably once we see global investors starting to reallocate capital to emerging markets next year once the US Fed goes on to a pause I think this time around the capital flows that India will get will be significantly higher than we have seen in any of the previous cycles.

It has a major presence in Mumbai Metropolitan Region (MMR) and Pune property markets, while recently making an entry into the Bengaluru market with one housing project.

ICICI Lombard rises 0.2% as Sensex climbs

Updated at : 2022-12-08 12:20:03

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The stock traded at a P/E multiple of 39.08, while the price-to-book value ratio stood at 6.89.

Bitcoin dropped below the $17,000 mark, whereas Ethereum was trading below $1,250 mark. Crypto market is yet to recover from the jitters and bad news flow of the FTX collapse.

In November, state-run lender Punjab National Bank had said the bank may cut excess SLR reserves to boost credit flow if required, while in September, Reserve Bank of India Governor Shaktikanta Das had said banks can augment systemic liquidity by drawing down on excess cash reserve ratio and SLR.

Investors can make a bid of a minimum of 29 equity shares and its multiple thereof. The issue is open for subscription till Thursday, December 15. Anchor book will be open on Monday, December 12.

The Nifty Auto index was trading 0.24 per cent up at 12901.55.

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