Latest Stock Market News

Promoters have put 1.56 crore shares on the block, and the floor price for the sale is Rs 1,875 a share, reports said. This is a 5.6% discount on the current market price. Shares of the company ended 2.5% down on the National Stock Exchange on Wednesday at Rs 1,986.05.​

Federal Reserve officials on Tuesday said that the U.S. central bank will need to maintain gradual increases to interest rates to beat inflation and suggested that price pressures driven by a hot jobs market could push borrowing costs higher than previously expected.

Barclays Plc, BNP Paribas SA, DBS Bank Ltd, Deutsche Bank AG, Emirates NBD Capital, ING Groep N.V., MUFG, Mizuho, SMBC Nikko and Standard Chartered Bank are organizing the calls

The Dow Jones Industrial Average fell 51.84 points, or 0.15%, at the open to 34,194.09

On the technical charts, the RSI of the stock stood at 44.7.

Broader markets posted higher gains, with Nifty Midcap 100 ending 0.62% higherFor more such web stories click on the ET icon below

The Nifty Pharma index closed 0.1 per cent down at 12237.1.

While the risk of a sharp recession may have lessened, the easing in price pressures may persuade the Bank of England to take a slightly less hawkish approach at upcoming MPC meetings," Matthew Ryan, head of market strategy at payments and FX company Ebury, said

The yellow metal had ended at Rs 56,820 per 10 gram in the previous trade.Silver also fell by Rs 195 to Rs 65,925 per kilogram."Spot gold prices in the Delhi markets traded at Rs 56,345 per 10 gram, down Rs 475 per 10 gram," said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities.

KCD Industries India engages in the commercial services business and mainly operates in the real estate and infrastructure sectors. The company offers opportunities to customers as per their property requirements. Its land development program includes planners, engineers, architects, legal & financial advisors who plan and come up with cost-effective solutions before customers associate with any of its properties.