Latest Stock Market News

"Should the Fed fail to hit back against market expectations that peak U.S. rates is close at hand and that an eventual rate cut remains on the table, that may tempt gold bulls to hone in their sights on $2k gold," said Han Tan, chief market analyst at Exinity.

For the last few weeks, the index is trading above the 20-WMA, which has resulted in a triangle pattern formation on the daily chart. After a recent base formation near the lower end of the pattern, Nifty witnessed smart recovery on January 13. Going ahead, 18,000-18,050 will be the key area beyond which the index will be set for a larger up move. On the downside, 17,800 will continue to provide cushion for the index.

For more such web stories click on the ET icon below

In today’s Mutual Fund analysis, we screened the stocks that were newly added by fund houses in the month of December as compared to the previous month. We found 10 such stocks, five of them are newly listed companies on the bourses while the remaining have shown good performance in FY23 so far.

Gold prices edged higher and were on track for a fourth weekly gain, supported by a weaker dollar and expectations of slower interest rate hikes by the US Fed Reserve," said Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services.

This amounts to a 0.18% increase in holding by the investor as in the previous quarter, she held a 1.61% stake or 45,75,687 equity shares in the cellular and fixed-line services provider.The latest corporate shareholdings filed suggest that Rekha Jhunjhunwala publicly holds 20 stocks with an estimated net worth of over Rs 12,171.6 crore.

The BSE Sensex ended 303 points or 0.51% higher at 60,261, while Nifty50 rose 98 points or 0.55% to settle at 17,957

Voluntary attrition moderated 180 bps from the previous quarter, landing at 21.2% for the trailing 12 months for the quarter," Wipro said in its earnings release. This was the fourth quarter where the attrition rate has moderated

The company has signed an agreement with parent Larsen & Toubro to acquire its Smart World & Communication business for Rs 800 crore

For more such web stories click on the ET icon below