Latest Stock Market News

"We may see gold rallying albeit for a short term,' said NS Ramaswamy, Head of Commodities, Ventura Securities. It will be followed by profit-booking as the expected rate hike of 50 bps in December is already factored in the recent rally," he added.

“Brent crude inflection point is at $96-and close to around $89-90 for WTI. They both have given up significant gains with Brent at $90 and WTI at $82. The US dollar has come under some serious firepower on the downside. The crypto market has also been down and it has been a time of consolidation for some of those commodities.”

“As a result of high inflation on ground, consumer demand has been constrained. So what many of these companies are doing is that the advantage they are getting out of lower raw material input prices, they are spending on advertisements and promotions rather than in trying to improve their margins at this stage. That is where the earning cuts have come in.”

“As a result of high inflation on ground, consumer demand has been constrained. So what many of these companies are doing is that the advantage they are getting out of lower raw material input prices, they are spending on advertisements and promotions rather than in trying to improve their margins at this stage. That is where the earning cuts have come in.”

Disclosures made under SEBI SAST (Substantial Acquisition of Shares and Takeovers) Regulations show that Tiger Global Eight Holdings and Internet Fund III sold 182.8 crore shares on November 11.

Disclosures made under SEBI SAST (Substantial Acquisition of Shares and Takeovers) Regulations show that Tiger Global Eight Holdings and Internet Fund III sold 182.8 crore shares on November 11.

Giving the ongoing rally more firepower today is a government notification issued on Thursday that increased the maximum tenure of CEO and MD of public sector banks to 10 years from 5 years earlier. The move will help PSU lenders retain talent.

The Japanese government said Friday that core consumer prices rose 3.6 percent year-on-year in October, the highest level in four decades due largely to rising energy costs and a weak yen.

“We expect earnings to remain resilient over 2HFY23, guided by robust traction in loan growth and an improving margin. Banks with a high CASA mix and floating loans are well-positioned to navigate the rising rate environment,” Motilal Oswal said.

The quota reserved for qualified institutional buyers (QIBs) was subscribed 98.47 times while the one reserved for non-institutional investors (NIIs) and retailers was subscribed 21.21 times and 4.1 times, respectively. Majority of the brokerage firms remain positive on the company citing its strong order book and growth prospects.