Latest Stock Market News

The stock quoted a 52-week high price of Rs 7595.25 and a 52-week low of Rs 3733.25.

On the technical charts, the RSI of the stock stood at 65.03.

“Even in terms of the agrarian theme, I would look at a much broader canvas. Once agrarian demand starts picking up, the rub off in terms of demand flows down very quickly to cities and to the entire country. Whether it is consumer staples, paint companies or two wheelers, it can result in much broadbased impact as far as the entire economy is concerned.”

A total of 10,453 shares changed hands on the counter till 11:37AM (IST)

Under the Swiss Challenge method of procurement, a candidate makes a proposal for a project, which is put to seek more proposals. Once these are received, the original candidate is allowed to match the best bid.

Indian market bounced back on Wednesday tracking positive global cues. The S&P BSE Sensex rallied more than 200 points while the Nifty50 reclaimed 16,100 levels in the first 15 minutes of trade.

Among Sensex stocks, Bajaj Finserv advanced 1.48 per cent to Rs 12,035.45. Asian Paints added 1.40 per cent to Rs 2932.60. Hindustan Unilever added 1.34 per cent to Rs 2,482.10. Larsen & Toubro, SBI, Nestle India, Tata Steel and UltraTech Cement rose up to 1.24 per cent.

The fund in early July submitted its findings to regulators and said it had evidence to believe that the terminated executives had violated securities law. Meanwhile, the Securities & Exchange Board of India has been carrying out its own investigation into potential front-running by the two men, a person familiar with the agency’s probe said, asking not to be identified discussing private information.

“The US Fed is likely to raise their own interest rates by 75 bps and that is going to lead to some more outflows. In fact, it is going to aggravate the outflow of dollars from India and what that means for us is further rupee depreciation. So, whatever correction we see on the oil front that might be offset by the depreciation in the Indian rupee which will impact imported inflation. ”

Domestic fund managers raised holding in Piramal Enterprises to 49 lakh shares from 41 lakh shares. In value terms, MF holding in this stock rose to Rs 811 crore from Rs 770 crore month-on-month (MoM).