Latest Stock Market News

The global cryptocurrency market cap was trading almost flat at $1.92 trillion mark, with marginal gains in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 13 per cent to $90.79 billion.

The spot prices of gold have dropped more than Rs 650 per 10 grams in the last three sessions, whereas silver has declined more than Rs 1,500 per kg in the same period of review.

NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 155631.49 Crore) operating in Power sector.

Shares of Reliance Industries are up by 8 per cent in the last five trading sessions, whereas the bluechip counter has rallied about 16 per cent in the year 2022 so far, compared to a 3 per cent fall in Sensex.

A total of 44,419 shares changed hands on the counter till 10:35AM (IST)

Given the raw material price pressure, analysts expect the company to report flattish margins in the March quarter. Centrum Broking in its projection said Ebitda margin will likely be around 8.4 per cent, lowest among its listed peers.

“We still think that the aggregate level Nifty earnings will live up to the expectations but as there is a shift in profit pool, consumer staples companies’ profits could be under significant pressure. On the other hand. commodity companies can actually surprise on the upside when it comes to profitability.”

“If you ask me whether I would buy Bajaj Finance or HDFC Bank at current price, the clear answer is HDFC Bank and I am not reading too much into why Bajaj Finance is not falling because it is all about institutional ownership and what kind of exposure prune down they want to do. We should be looking out for investment opportunities in areas where there is a deeper cut.”

"In India, beer volume grew by a high-single-digit, outperforming the market. UBL experienced progressive growth during the quarter with the declining impact of the COVID omicron variant," it said in its earnings statement.

Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts.