Latest Stock Market News

Sathvik Vishwanath, Co-Founder CEO, Unocoin said the Fed raised interest rates by 75 basis points and warned that further increases in borrowing costs would be needed to fight inflation. Employment data from the United States will significantly affect the cryptocurrency market as a whole.

However, most of the Asian and emerging market peers weakened against the greenback this Monday morning after Chinese officials on the weekend reiterated their commitment to a strict COVID containment approach and could cap appreciation bias of the local unit, Iyer noted.

Analysts suggest that select stocks are on the verge of a breakout on a technical basis and may deliver strong returns in the near term.

"We believe the earnings quality were arguably one of best during earnings season (apart from ICICI/HDBK/Kotak on our view), reflected in healthy growth in deposits, comfortable loan-deposit ratio (vs peer banks), strong asset quality, broad-based loan growth reflecting drivers of growth as well as improved operating efficiency," Goldman said.

Minda Corporation Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 4877.22 Crore) operating in Auto Ancillaries sector.

The company aims to raise Rs 740 crore via its primary offering which includes the issuance of fresh shares worth Rs 370 crore, with a face value of Rs 10 each. Its parent company, Inox Wind, will offload shares worth Rs 370 crore via an offer for sale.

"The long-term India growth story remains intact and from a macro perspective India remains better positioned as one of the fastest growing major economies over the coming years. However, returns in the immediate term could be moderate as the valuations of the India markets enjoy a significant premium to other emerging markets."

“If one of the partners passes away, the surviving member needs to have a clue of what investments have been done, the insurances, the fixed assets and how to go about claiming the money and transferring that money to oneself and use it effectively for the welfare of the family in general.”

The coming week is once again a truncated one, with Tuesday being a trading holiday for the markets. From a technical perspective, a breakout above the falling trend line stands confirmed. Nifty has dragged the supports higher to 17,700-17,850 levels in the process. The Bank Nifty is still severely consolidating just below the high point. There are greater chances that it catches up given its relative underperformance over the past several days.

"The Nifty50 is in an overall uptrend on the weekly time frame and supports are gradually shifting higher. The Nifty50 immediate support is seen at 17950 and then 17850; while on the upside, resistance is seen at 18350 and then towards 18500 zones for the next few sessions. Bank Nifty has been consolidating between 40800 to 41500 zones for the past 8 sessions with more stock-specific action within the banking space."