Latest Stock Market News

Bitcoin, widely believed to be the hedge against the incessant currency printing by the central banks, has collapsed by over 70 per cent in under six months

On the technical charts, the RSI of the stock stood at 36.13.

A total of 2,345,903 shares changed hands on the counter till 02:09PM (IST)

Crude oil fell 7 per cent on Friday and was down around 9 per cent for the week as a highly uncertain outlook for global growth and fuel demand following numerous rate hikes around the world this week weighed on markets.

The company informed that quant strategies follow a data-driven approach to picking stocks, using pre-defined parameters across various factors including momentum, mean reversion, etc. to diminish the role of human bias. Though quant funds are at a nascent stage in India, they own more than 35% of market capitalization in the US1 and are being seen as the next frontier for wealth creation.

“Owing to the reduction in our expected long-term earnings growth forecast for HDFC AMC, our position sizing framework has suggested an exit from the stock,” Marcellus said.

"Our choice is very clear. We will grow when the appetite is there and the credit quality in the market is in a good place because I do not want to be growing at some record speed and then face a credit challenge soon after.”

“Other than energy, most or at least hard commodities have given up their gains. Energy, will take a pause but is it going to come down dramatically on a sustained basis? It might come down a bit but I think it will still remain on a fairly high plateau given the supply demand dynamics.”

Jhunjhunwala, often called Big Bull, has been on a selling spree. BSE data shows till June 14, he sold a 2.8 per cent stake in Delta Corp through the open market to reduce his stake from 6.16 per cent to 3.36 per cent.

Inox Green Energy Services, a subsidiary of Inox Wind, has filed fresh preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an Initial Public Offering (IPO).