Latest Stock Market News

Bitcoin (BTC) was comfortably holding around the $21,500 mark on Monday. The crypto behemoth rose about 4 per cent in the last 24 hours to scale $21,780 levels, according to the data from coingecko. The total market capitalization of Bitcoin surged over $407 billion, with a dominance close to 41 per cent. Bitcoins worth more than $16.5 billion exchanging hands in the last 24 hours.

Silver also gained Rs 781 to Rs 60,231 per kg from Rs 59,450 per kg in the previous trade.In the international market, gold was trading higher at USD 1,839 per ounce and silver was flat at USD 21.45 per ounce.

Trendlyne data shows that the average target price of nine analysts on Paytm is Rs 891, which signals an upside of 37 per cent from current levels.

"Shiba Inu, the second-largest meme coin, seems to be benefitting from signs of bottom fishing as well as a broader rebound in sentiment around the crypto market, ' said Arijit Mukherjee, Founder of Yunometa.

“Banking is a sector where we are bullish. In addition to that, industrials are something we like and among consumer discretionary stocks, we are bullish on auto. Now the reason is basically we are seeing commodity prices correcting and that is the benefit the automakers will start to enjoy in a quarter or two down the line. All in all, these are the three sectors which we like.”

Promoters held 59.47 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 24.44 per cent and 3.63 per cent, respectively.

The Relative Strength Index of the stock stood at 48.73 on Monday.

Analysts noted that SBI has a high mix of MCLR (41 per cent), EBLR loans (34 per cent), which account for 75 per cent of total book, which puts it in a favorable position to support margins in a rising rate environment.

“Our edible oil revenues are about 80% plus, the balance 20% comes from the non-edible oil portfolio which is a very large food portfolio that we have in the biscuits and confectionery, breakfast cereals etc. We are also in the process of acquiring Patanjali’s food business subject to a couple of approvals which is expected to happen very soon as well,” says Sanjeev K Asthana.

A total of 119,455 shares changed hands on the counter till 02:10PM (IST)