Latest Stock Market News

“Yesterday was the first time when the entire retail trader universe actually believed that markets can actually fall. Till that time, there was a belief that Indian markets will not fall. They will just keep on bouncing back. People should be cautious. They should invest very slowly if they have to at all. ”

Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 25466.99 Crore) operating in Consumer Durables sector.

A total of 534,726 shares changed hands on the counter till 11:52AM (IST).

The rupee, which has weakened by around 1.2 per cent versus the US dollar so far in the calendar year, slumped past the psychologically significant 75/$1 mark.

Musk sold more than $16 billion worth shares since early November when he polled Twitter users about offloading 10 per cent of his stake in the electric-car maker.

On the technical charts, the RSI of the stock stood at 54.18.

“Even if the Ukraine crisis eases off over the next couple of days, there has been a reset at some level in terms of geopolitical expectations. In that context, it probably makes more sense being in the quality end of whichever sector you play in. That would tend to make a little bit more sense rather than trying to be too cute and trying to find stocks that have got distorted significantly in this price correction. Within the space, you should play at the quality end rather than necessarily go low.”

The global cryptocurrency market cap today is $1.81 trillion, a rise of 3 per cent in the last 24 hours. Total cryptocurrency trading volume on the last day was at $155 billion. Popular trends of the industry right now are Defi and Play to Earn.

“The last thing we need is crude above $100 and still it does not look like a blip to me. It looks like it could sustain and it could continue going higher until the Ukraine crisis is resolved. While over the past few weeks there was always a hope for a diplomatic de-escalation, that has receded farther now. So, we all need to tighten our belts for higher prices for at least a few weeks.”

“We have told clients that if you have a Rs 100 budget, buy Rs 30 worth today. It does not matter. You can buy more tomorrow when the prices are lower. Do it maybe in four lots so that you are not catching the falling knife. You can average it out but do it at this point of time. Do not just sit and watch the market that will be really stupid.”