Latest Stock Market News

Bonds, especially on the short end of the market, rallied after the central bank retained its accommodative policy stance and left even the reverse repo rate unchanged in indication that a quantitative tightening was rather further down the road.

The Sensex ended up 460 points, or 0.8%, at 58,926.03 and the Nifty ended up 142 points, or 0.8%, at 17,605.85. The direction of the markets now on will depend on global trends, which are signalling continued caution. The Nifty could continue to face a stiff hurdle at 17,800 levels.

The dollar was firm in Asia on Friday after hotter-than-expected U.S. inflation and hawkish comments from a Federal Reserve official unleashed a wave of bets on aggressive rate hikes, though similar pressures worldwide kept a lid on gains.

The benchmark 10-year U.S. Treasury yield slipped from multi-year highs hit in the previous session, helping steady sentiment across global markets and boosting demand for growth stocks.

Its revenue from operations during October-December 2021 jumped 20.54 per cent to Rs 3,141.58 crore, compared with Rs 2,606.08 crore in the year-ago period.

Nasdaq-listed Coinbase features pages offering tips on investing in tokens and the pages in question were informational rather than making them available to trade on its app or wallet.

Its revenue from standalone operations grew at a higher 85 per cent to Rs 1,441 crore, from Rs 779 crore a year ago.

The media firm on Wednesday reported a 31.64 per cent increase in its consolidated net profit to Rs 29.87 crore for the third quarter ended December 2021.

Revenue grew 39% on-year to Rs 2,395 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 77% to Rs 502 crore.

The Dow Jones Industrial Average fell 137.25 points, or 0.38%, at the open to 35,630.81.