Latest Stock Market News

Technology stocks are down significantly in most countries. Some names in the US have dropped as much as 90 per cent. Many of the recently listed companies in India are also trading below their issue prices. They include names like AGS Transact, Paytm, PolicyBazaar, Fino Payments, CarTrade, Zomato, among others.

But the fall in Nifty500 at 8 per cent in 2022 has been pretty comforting, compared with a 16 per cent drop in the S&P500 index during the same period.

“From a bounce back perspective, IT could very well be a surprise. This sector was the first one to get weak and was under bear control. It broke its 200-day moving average earlier than the broader market. Infosys can be bought with a Rs 1,500 as a stop loss. As of now, IT can do well and this bounce back should take us slightly higher both on the Nifty as well as on the Bank Nifty.”

Jhunjhunwala upped his stake in the bank in March quarter to 1.96 per cent from 1.6 per cent in December quarter.

As of 31-Mar-2022, promoters held 43.49 per cent stake in the company, while FIIs held 35.03 per cent and domestic institutional investors had 2.18 per cent.

Extreme volatility has been observed across asset classes driven by frequent unknown events over a short time horizon. And the instability has transcended from financial assets in capital markets to real assets as well. Portfolio diversification could protect investors during such times while ensuring the long-term goals are on track.

To deal with the risks associated with momentum investing, you can diversify your holdings.

A total of 18,541 shares changed hands on the counter till 01:39PM (IST).

Centrum Broking expects adjusted profit after tax (PAT) to decline about 19 per cent compared to the corresponding quarter last year to Rs 1,040 crore. It expects revenue to rise about 14 per cent in the same period. The broker further expects Ebitda to decline over 10 per cent with margins shrinking by about 14 percentage points.

CoinDCX Ventures has already made several investments in the space including a wallet solution, cross chain bridge protocol, Web3 notification protocol, Web3 social engine, as well as distributed storage and computing protocol.