Latest Stock Market News

A total of 7,823 shares changed hands on the counter till 10:46AM (IST)

Axis Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2022.

City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 13700.81 Crore).

“We would like to exit some of the smaller pharma stocks which had done well because of the pharma rally. Also, there are some of the IT stocks which are still trading at very high multiples. We have trimmed positions there also. These are the kind of stocks one can exit and use that money for other sectors.”

The Nifty Bank index was trading 0.34 per cent down at 41262.7.

The stock quoted a 52-week high price of Rs 3634.0 and a 52-week low of Rs 1344.6.

The switch is expected to reduce Ethereum’s energy consumption by almost 99.95%.

Besides, Bharat Electronics and Rajnandini Metal shall trade ex-bonus for 2:1 and 1:2 bonus share issuances, respectively. Also, the rights issue for Libas Consumer is lined up for today as part of which the company shall offer the right to buy 1 share for every 2 shares held at Rs 21 per share.

After being one of the best movers in the 2003-2007 bull market, the capital goods sector went sideways for more than a decade from 2008 onwards and finally gave a breakout from this large channel it created technically in early 2022 and has since then been very strong and one of the best sectors. Now the sector coming out from a 10-12 year sideways move. It will be one of the best sectors with strong upward momentum for the next few years.

“We are very bullish on the financial space and especially the lenders whether it is private banks or smaller banks or NBFCs. We do not have any kind of exposure to PSU banks and that has nothing to do with the valuation. It has everything to do with my interest not being aligned with the promoters which is the government of India in this case.”