Latest Stock Market News

In the NSE list of stocks with a market cap of over Rs 1,000 crore, four stocks crossed their previous 5-year high value at the close on November 18, suggesting bullishness in counters.

Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 494694.36 Crore) operating in Telecommunications sector.

NMDC Ltd. key Products/Revenue Segments include Iron Ore, Pellet, Diamonds, Sale of services, Power for the year ending 31-Mar-2022.

Hong Kong-based crypto services firm Genesis Block said it would cease over-the-counter trading services in wake of contagion risks from the now-bankrupt FTX exchange, according to Reuters.

Triveni Engineering & Industries Ltd. key Products/Revenue Segments include Sugar, Contract Revenue, Other Operating Revenue, Sale of services, Scrap for the year ending 31-Mar-2022.

"Looking at the current situation, domestic investors should continue to focus on the Indian market because that’s the biggest opportunity for them and a large part of households are still underinvested. Global markets are still not out of the woods, and we don’t know what the implications of such sharp rate hikes in the US can be since it has never been witnessed before."

Stocks that were in focus include names like Bank of Maharashtra which rose over 8%, PB Fintech was up 8%, and Nazara Technologies rose nearly 7% on Friday.

“One bank in the midcap space that we have been tracking is IDFC First. They have transformed the lending book. It is now 70% retail; the legacy infra book now is only 4%. In the next two-three years, their legacy cost, high cost deposits are maturing and that will be replaced by lower deposits. We also like City Union. These are the two banks in the midcap space for us.”

The President of the country who holds stakes as the promoter in all PSUs has seen its holding reduce from 77.08% in June 2009 to 67.28% in September 2022 primarily owing to the divestment process.

Triveni Engineering stock is on the verge to make swing highs. A breakout is confirmed on the daily and weekly charts showing a strong bullish pace.