Latest Stock Market News

Gold is seen as an inflation hedge, higher short-term US interest rates and bond yields raise the opportunity cost of holding bullion, which yields no interest. A firm US dollar makes gold less attractive for buyers holding other currencies.

"It is better to be defensive in such a market scenario for quite some time, but we believe that the Indian market is at the cusp of revolution. These small corrections are part of the journey which gives investors a good opportunity to make fresh entries or accumulate quality stocks at every dip."

According to Damodaran, risk capital is the portion of capital that is invested in the riskiest segments of each market and safety capital is that portion that finds its way to the safest segments in each market.

Avenue Supermarts jumped 3.19 per cent to Rs 3,495 after June quarter updates. The owner and operator of retail chain D-Mart reported a nearly two-fold rise in its standalone revenue from operations to Rs 9,806.89 crore for the first quarter ended on June 30, 2022. The company had revenue from operations of Rs 5,031.75 crore in the April-June quarter a year ago.

A total of 6,804 shares changed hands on the counter till 10:35AM (IST).

Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 112932.00 Crore) operating in Mining sector.

While the export duty on oil could improve govt finances marginally, the raising of import costs for gold is unlikely to curb local demand for the yellow metal. Economists forecast the rupee to breach the 80-per-dollar mark soon.

The transition of the entire portfolio to hybrid, flex-fuel, bio-fuel and pure electric vehicles will happen over the next seven to 10 years as per the current plans. It had discontinued production of diesel vehicles ahead of the adoption of BS-VI emission standards in India in April 2020.

The lender has asked ARCs to submit an expression of interest with an indicative price for the loan accounts they would like to acquire, said one of the persons cited above.

The June quarter, however, saw growth of 14% due to a low base last year, stemming from the Covid second wave-led demand impact. Over the past year, shrinkflation, or reduction in pack sizes without lowering prices, has helped companies post value growth as volume declined.