Latest Stock Market News

“India is lagging the US and Europe in the sense that inflation picked up later compared to the US and Europe. So we are expecting India’s inflation to also remain high and it is very heavily influenced by what happens to energy prices and so we expect India’s inflation to be in the range of 7.5% to 8% for the next few months before it begins to moderate in the fourth quarter.”

The Relative Strength Index of the stock stood at 50.6 on Tuesday.

“In the current situation, I do not think safety lies in safety, rather it lies in growth. So, broaden your allocation with the domestic focus across the space. I would still say consumer discretionary, housing and real estate, auto, capital goods cycle are the spaces one should be accumulating on dips rather than go behind the traditional safety because today the safety lies in the future growth.”

"Retail investors have come in a big way that they seem to act like shock absorbers... if FPIs went away, our markets did not really have to show their ups and downs in a very distinct way because small investors in the country have come in a big way," she said.

“Short term, some kind of rejig and pain can be expected but this move for NBFC provisioning norms will help investors get a good clarity before they invest. As for defence stocks, till now, it has been more of intent, more of talks. Now hopefully action will be there but I will not be in a hurry to buy the companies in this particular sector.”

A total of 348 shares changed hands on the counter till 02:05PM (IST)

Titan Company, Dr Reddy’s Labs, UPL, L&T, UltraTech Cement, HUL and Asian Paints were among the biggest losers, down 2-5 per cent. Meanwhile, energy players like ONGC, Coal India, BPCL and NTPC defied the broader trend to gain up to 5 per cent.

As of 31-Mar-2022, promoters held 68.69 per cent stake in the company, while FIIs held 11.57 per cent and domestic institutional investors had 4.0 per cent.

UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 157846.66 Crore) operating in Cement sector.

A total of 5,725 shares changed hands on the counter till 12:17PM (IST)