Latest Stock Market News

At the interbank foreign exchange, the rupee opened at 74.90 against the American dollar, and later witnessed an intra-day high of 74.88 and a low of 75.05 against the greenback.

“Both the government and RBI seem to be prioritising growth at this point in time. Inflation is an issue but it is a lesser issue in India compared to other developed economies. In fact, the US inflation is higher than India and to that extent you would say the interest rates in India are much higher than in the developed world.”

The 30-share pack Sensex advanced 460.06 points or 0.79 per cent to close at 58,926.03. Its broader peer NSE Nifty rose 142.05 points or 0.81 per cent to 17,605.85. Both indices rose for the third straight day.

GALA is among the top 50 largest crypto assets with a marketcap more than $2.5 billion. The recent rally has led to a sharp profit-booking in the token, as the volume has plunged about 40 per cent to $1.13 billion on Thursday

“The RBI Monetary Policy is quite supportive of the growth requirements of the economy. We are also readjusting the liquidity requirements and that will adjust the anxieties of the market to a greater extent. The guidelines relating to CDS will also go a long way to stabilise the bond markets.”

The Nifty Bank index closed 1.04 per cent up at 39010.95.

The Nifty Realty index was trading 0.15 per cent down at 466.3.

Bond vigilantes had already made their presence felt over the last few weeks as the Budget unveiled a larger-than-expected market borrowing programme and as surging crude oil prices lent more credence to the global theme of hardening inflation.

A total of 91,604 shares changed hands on the counter till 02:10PM (IST)

Draft prospectus expected to be filed this week: Sources