Latest Stock Market News

Credit Suisse dropped 3.6% after Bloomberg reported the U.S. Justice Department is investigating whether the Swiss lender continued helping U.S. clients hide assets from authorities, eight years after it paid a $2.6-billion tax evasion settlement.

The stock quoted a 52-week high of Rs 979.25 and a 52-week low of Rs 583.05.

Even though cross currency headwinds hit sales growth in Q2 and are expected to have an impact in Q3 as well, analysts unanimously see Infosys retaining its constant currency revenue growth guidance of 14-16 per cent for 2022-23 (April-March), when it releases numbers on Thursday.

KEC International Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 10751.44 Crore) operating in Power sector.

“With a 1.4 times price adjusted book, 25-30% kind of growth, IndusInd Bank is far better placed compared to an Axis Bank at this point of time. Among footwear names, we like Metro Brands and Campus. We also like QSR stocks like Jubilant Food and Devyani International from a medium to long term perspective. ”

“By December, we would not have just evidence, we will have real proof the inflation is down then they can up their rhetoric. I think doing it on the November 4 meeting would be premature on the part of Fed because the dot plot was just revised up in September but the December 14 meeting will be an important one for signaling that the rate hike cycle is ending.”

A total of 17,114 shares changed hands on the counter till 12:07PM (IST).

Gold prices are expected to trade with a negative bias for the day amid strong US dollar. It is likely to break the key support, it added. "Silver prices are likely to take cues from gold prices and trade in a downward trend."

The stock has managed to outperform benchmark indices despite volatility. It rose more than 50 per cent in the last one year compared to 3 per cent fall seen in the Nifty50 in the same period. BEL is a low beta stock compared to Sensex or Nifty50.

On the technical charts, the 200-day moving average of the stock stood at Rs 2832.61.