Latest Stock Market News

"Our fund continues to remain bullish on the financialization of savings and technology as themes and, therefore, our top holdings continue to reflect our conviction in the same sectors. We have made very minimal changes in our portfolio since inception and the entries have enabled us to have a higher exposure in consumption and auto ancillary stocks."

FIIs also hiked their stake in cigarette-to-hotels major ITC, which has been among the best performing Nifty stocks in 2022. FIIs bought 10.39 crore shares of the FMCG stock for over Rs 3,200 crore, shows the data.

The Nifty Bank index was trading 0.28 per cent up at 42493.0.

Apollo Tyres Ltd., incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 18906.96 Crore) operating in Tyres sector.

Laxmi Organic Industries Ltd. key Products/Revenue Segments include Chemicals, Others, Jobwork & Spares, Coal, Scrap, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2022.

"Can Fin Homes can provide 50% returns between Diwali 2022 and 2023. The LIC and ICICI Bank stocks rank second and third, respectively. UltraTech Cement can also be purchased, as its 120 million tonne capacity combined with superior pricing power indicates future tailwinds. DLF would be a good choice for decent returns and a less volatile investment."

“Gland Pharma which after the results, showed 15% decline in one single day. But I think that was more to do with some sentiments on Chinese promoters or something of that kind. Nobody knows the actual reason. In fact, the company has shown a quarter-on-quarter good recovery of almost 20%. ”

The S&P BSE Sensex rose more than 200 points while the Nifty50 closed above 18400 levels on Tuesday.

"Overall, the entire pack looks good but this phase of outperformance, underperformance of the private versus PSU will keep happening. While it was PSUs over last year, it will be private over the next few months. Some other pockets like NBFCs and some of the smaller banks have recently given some very interesting medium term signals."

At its September meeting, the Federal Open Market Committee’s dot plot showed a higher trajectory of rate hikes, despite a deterioration in the growth outlook. A simple explanation for this anomaly is that the committee’s estimate of u*—alternatively called NAIRU, or the unemployment rate associated with price stability—has risen from the traditional 4%.