Latest Stock Market News

Buying was seen across the market spectrum with auto, metal and realty stocks among top gainers.

“Any organisation’s first preference would be to find a middle ground and some organisations are already looking at setting up hubs closer to where most of the talent is. However, no employer likes to be blackmailed into a situation or cornered into a situation. So, if the resistance is beyond reasonable, the likes of TCS may make choices and decisions which are market leading.”

The US central bank is expected to hike rates aggressively in an effort to curb inflation. Inflation concerns have prompted other central banks across the globe to tighten monetary policy. Gold futures on MCX were trading higher by 0.29 per cent or Rs 143 at Rs 49,445 per 10 grams. Silver futures gained sharply by 0.70 per cent or Rs 399 to Rs 57,083 per kg.

Equity strategist Kranthi Bathini of Wealth Mills Securities opines that the impact of Fed meet’s outcome would be relatively less on India. “We are in a better position fundamentally. We never had zero interest rates and no ultra-loose monetary policies to trouble us. Fed rate hikes impact us as well but to a lesser extent,” he said.

Cipla Ltd., incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 85350.61 Crore) operating in Pharmaceuticals sector.

A total of 238,320 shares changed hands on the counter till 11:01AM (IST)

Refineries processed 19.5 million metric tonnes (MMT) or 4.62 million barrels per day (mbd) in August, lower than 5.07 mbd in July and the nameplate capacity of 5.02 mbd, as per the petroleum and natural gas ministry data.

"The credit demand from farming in general is high. Fish farming and shrimp farming have shown more demand during the ongoing kharif season," said George Alexander Muthoot, managing director, Muthoot Finance.

The stock is trading near its breakout point, placed at Rs 580. The key technical indicators are positively poised on long-term as well as medium-term timeframe charts, while its short-term indicators tested the overbought zone and may reverse.

Tata Steel Ltd. key Products/Revenue Segments include Steel & Steel Products, Power, Other Operating Revenue and Others for the year ending 31-Mar-2022.