Latest Stock Market News

Stock price is in an attempt of decisive upside break-out of resistance of top of Nov at Rs 454 levels.

Direct tax collection, net of refunds, stands at Rs. 12.31 lakh crore, which is 19.55 % higher than the net collections for the corresponding period of last year. "This collection is 86.68% of the total Budget Estimates of Direct Taxes for FY 2022-23," the ministry of finance said in a release.

The agenda for the meeting was not disclosed in a filing to the stock exchanges. Mails sent to the resolution professional for RCom on the matter were not answered at press time.

China on Thursday reported consumer price falls in December and a larger-than-expected drop in factory gate prices - underscoring the weakness in demand that investors are betting will recover over the coming months.

Since December 22, the stock is showing a continuous downtrend, the price has trimmed more than 10% in this period. So, after the result, some recovery is expected in this IT giant. Technically there is a major support level of Rs 1350, and any unexpected outcome from the results can retest the price to its support level.

Noida-based IT major will declare its quarterly results today. Alongside, the company will also be announcing its fourth interim dividend. The company since the year 2000 has in total declared 83 dividends. And in the current FY, it has so far declared Rs 38 per share dividend. The consensus recommendation from 42 analysts for the stock is buy.

“Coming to the IT sector, there will be differentiation in a lot of IT companies in terms of which companies are really adding value, seeing vendor consolidation and managing how they are able to get the freshers because that takes two to three quarters and addresses other supply side pressures.”

Hindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 110324.94 Crore) operating in Metals - Non Ferrous sector.

The Nifty Auto index closed 0.52 per cent down at 12753.05.

Indian gold refiners have nearly stopped imports of gold dore, a semi-pure alloy, as grey market operators offer hefty discounts to market rates and cut into their slender margins, making business a losing proposition, industry officials say.