Latest Stock Market News

“Crude oil price is always a big joker in the pack which one needs to watch out for because India is and will continue to be a price taker and not a price maker. But I do not really see inflation doing a Laal Singh Chaddha or a Forrest Gump and keep on running. Therefore, the central banker need not really behave like F1 racing champ Schumacher.”

The stock quoted a 52-week high price of Rs 3013.0 and low of Rs 1561.0.

The series of such testnet upgrades will lead to a successful final merge which is expected to drive the price momentum for Ethererum. As we approach the merge deadline, Ethereum is expected to create a new support level at the $2000 mark and will lead the overall growth of the crypto market.

The dollar is supported by hawkish comments by Minneapolis Federal Reserve Bank President Neel Kashkari who said his biggest fear is the US central bank misreads the extent and persistence of price pressures and will need to deliver even more aggressive rate hikes to control inflation, said Sriram Iyer, Senior Research Analyst at Reliance Securities.

Following the development, shares of NDTV zoomed 5 per cent, its daily circuit limit, to Rs 384.50 on Wednesday. This is a new 52-week high level for the counter, which settled at Rs 366.20 on Tuesday.

On the technical charts, the RSI of the stock stood at 47.78.

Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 152911.41 Crore) operating in Auto sector.

The euro, which made a brief trip above parity on Tuesday, was struggling at $0.9950 as markets see soaring energy prices setting off another round of inflationary pressure that will take a bite off growth.

Stocks which were in focus included GE Shipping which rose more than 6 per cent, Kalyan Jewellers which gained nearly 10 per cent, and Deepak Fertilisers which rose 5 per cent.

"We are cautious on sectors that are levered to global demand and global pricing. Some downgrade possibility remains in those sectors on worsening global growth outlook. On the contrary, we are more confident in domestic demand-oriented sectors. Given high valuations and many global uncertainties on the global front one should not load up."