Latest Stock Market News

According to the Coinmarketcap data, while the global crypto market-cap has inched higher by 0.76 per cent over the previous day to $972.06 billion, the volumes in the market have softened by close to 26 per cent during the same period to $48.00 billion.

The recent inflation data unexpectedly beat market expectations and renewed fears that the markets could witness a hefty rate hike in September has also been pressurizing markets.At present, markets have already priced in a 75-bps hike in interest rate in September, while 24 per cent of participants expect a 100-bps hike next week.

India has handled its macro situation quite credibly over the last few quarters in an era when the global disruption due to inflation, geopolitical conflicts, supply disruption, and interest rate rises have impacted economies across the globe.This is evident from its currency, inflation rate, and interest rates which have been resilient compared to other competing economies or even some developed economies.

The group of seven nations – the US, Japan, Germany, Britain, France, Italy, and Canada - and the European Union are working to set a price cap on Russian oil. The expected price range would be about USD 40-60 a barrel. This is to limit Russia’s ability to fund its military action on Ukraine.

While Reliance Industries, TCS, HDFC Bank, Hindustan Unilever, Infosys and HDFC suffered erosion from their valuation, ICICI Bank, State Bank of India, Adani Transmission and Bajaj Finance were the gainers.

The change was stark and significant. There was a clearly laid out direction in which the regulatory framework to be headed. There was a recognition of the importance of market participants’ views and their issues. There was focus on logic and data behind regulatory changes. And there was an acknowledgement that the role of regulators goes beyond regulating, to nation building.

"Nifty Bank has outperformed Nifty with a healthy margin recently. YTD, Nifty Bank has risen 15% against 1% rise in Nifty. The technical setup of Nifty Bank is much stronger than Nifty. Indices like IT and Pharma have been dragging Nifty’s performance while participation of PSU banks have helped Nifty Bank to become one of the best performing sectors."

“In the case of chemical companies, in certain instances, we are seeing that the gross block build up that many of these companies are seeing that over the next three to five years is going to be so much that it will add nearly 2x to their current asset base.”

Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show. By contrast, US IPOs represent just 14% of the $153 billion fetched globally, the lowest ever for what has traditionally been the busiest listings market in the world.

NSDL data shows that till September 16, the FIIs bought stocks worth 12,084 crore through exchanges but they are turning sellers in the cash market in the last few days. On Friday itself, foreign investors sold equities worth around Rs 3,260 crore, which analysts said was the prime reason behind the 1,093-point crash as domestic institutional investors sold stocks only worth Rs 36.57 crore.