Latest Stock Market News

Today, the 59-year-old Chitra Ramkrishna stands at the centre of an equally bizarre scandal after it was revealed that she was guided by a mysterious "Himalayan Yogi" in taking key business decisions of the exchange.

Here are a few things to remember if you are looking to make both your personal as well as financial relationship a success.

After the Meta Platforms’ stock dropped by 26% on February 3, Indian investors massively bought into it. While as of February 2, 2002, only $1,000 worth of Meta stocks were bought on the platform on a net basis, on February 3, that number went up 2,000 times, pointing to the fact that selling volumes were very high while buying volumes in the Meta stock were low.

Shares of airline companies were under pressure as air turbine fuel prices hit record highs. Surging fuel prices will hit already thin margins of companies. IndiGo was down over 6 per cent and SpiceJet about a per cent.

In such a situation, it will be a challenging six months to deliver positive, if not good, returns. Being cognizant of the risks, we have made strategic changes to our portfolios.

The income-tax department and the Central Bureau of Investigation are conducting parallel investigations into the revelations made in the recent Securities and Exchange Board of India order that stated Ramkrishna was guided by a faceless "yogi" for more than 20 years for making decisions at work.

The panel is mandated to advise Sebi on any hurdles that might hinder the development of the alternative investment industry and any other item relevant to the segment as well as development of the startup ecosystem in India.

Nifty50 ended the week slightly lower. The short-term trend is gradually turning bearish, although the solid support level of 16,800 on the downside is still holding quite strongly. Bank Nifty index, on the other hand, is yet to confirm any bearish structure.

This is the fifth consecutive month of foreign fund outflows.

Rapidly rising oil prices can be a troubling development for markets, as they cloud the economic outlook by increasing costs for businesses and consumers. Higher crude also threatens to accelerate already-surging inflation, compounding worries that the Fed will need to aggressively tighten monetary policy to tamp down consumer prices.