Latest Stock Market News

At 9.17 am, the BSE Sensex was trading 349.13 points or 0.58 per cent higher at 60,464.26. Nifty50 was trading at 18,035.50, up 99.15 points or 0.55 per cent.

The stock recently gave a breakout from the neckline of the inverse head and shoulder pattern earlier in September and the formation of a flag pattern on daily charts adds to a bullish stance.

The Nifty Realty index was trading 0.0 per cent at 480.4.

The partially convertible rupee firmed to 79.16 per U.S. dollar, its highest level since Aug 5, compared to the previous close of 79.5225. It outperformed emerging market peers that were mixed despite weakness in the dollar index.

If you had one share of Bajaj Finserv, your shareholding in the stock shall increase by (1x5x2) considering a 5:1 stock split and 1:1 bonus shares. For every share held post the split and bonus in Bajaj Finserv, you will own 10 shares and its share price will also reduce by one-tenth to Rs 1700 per share.

The stock traded at a P/E multiple of 33.59, while the price-to-book value ratio stood at 4.97.

Avoiding both tendencies is important to successfully ride out any short-term volatility or bearish cycle. Rather, it is recommended that a careful and unbiased evaluation is conducted first, before pouring more capital into a particular stock.

The 200-day simple moving average (SMA) is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

According to media reports, Adani Realty, the luxury property division of the leading multinational conglomerate Adani Group, is in advanced talks for a merger with Mumbai-based DB Realty.

As per the company’s filing with the exchange, Padget Electronics had received approval for disbursement of Rs 53.28 crore from Empowered Committee of MEITY- Government of India, under Production Linked Incentive Scheme for manufacturing of mobile phones (domestic companies).