Latest Stock Market News

French industrial group Schneider Electric rose 0.9% as Sky News reported late on Monday that it is nearing a deal to take full control of Aveva for about 3.5 billion pounds ($4.1 billion).

On the technical charts, the RSI of the stock stood at 64.93.

A total of 10,168 shares changed hands on the counter till time (IST).

Harsha Engineers is the largest manufacturer of precision bearing cages. It has 50-60 per cent of the market share in the organised segment of the Indian bearing cages market and 6.5 per cent of the market share in the global organised bearing cages market for brass, steel and polyamide cages in CY21.

Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8729.49 Crore) operating in Gas & Petroleum sector.

ZURICH, Sept 13 - UBS Group plans to increase its dividend by 10% and expects 2022 share repurchases to exceed its $5 billion goal, the Swiss bank said, boosting payouts from its strong balance sheet after scrapping a $1.4 billion deal to buy Wealthfront.

Talking about key growth areas, Citi said, Paytm has an overall device penetration of 15 per cent (4.5 million) of its current merchant base of 30 million – device rollouts unlock rental revenues, merchant payment GMV share, and lending (distribution) upsell opportunities.

‘Credit growth is a reflection of the underlying economy. The Indian economy as compared to its other competitors is doing much better and if at all, this space continues then obviously the economy will do well and it will also be a huge opportunity for the banking system to really grow in the years to come.”

“The government has assured us that export duty on steel is a temporary action and we are waiting to see this reversed. India should be a big steel exporting country. Why should other countries which do not have iron ore be exporting steel when India has all the iron ore that it needs? India should be encouraging steel exports and not discouraging it.”

The local currency reached 79.0350 around the middle of the session, its highest level since Aug 5. By comparison, the Chinese yuan and the Indonesian rupiah were barely changed.A trader at a Mumbai-based state-run bank said the rupee managing to open above the key 79.40 level was an additional trigger for the USD/INR pair slipping closer to the 79 level.