Latest Stock Market News

Indus Towers declines 0.3% as Sensex slides

Updated at : 2022-02-08 12:30:03

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The stock traded at a P/E multiple of 11.48, while the price-to-book value ratio stood at 4.16.

Crypto platform Mudrex raises $6.5 in pre-series A

Updated at : 2022-02-08 12:30:03

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Launched in 2018, Y Combinator-backed Mudrex has clocked a 450 per cent user growth in the last four months from over 100 countries.

Shares of Adani Wilmar were listed at Rs 221 on BSE, a discount of 4 per cent over its issue price of Rs 230. However, the scrip surged more than 14 per cent to hit an intra-day high of Rs 252.45 on BSE

The global crypto market cap jumped about 3 per cent to once again scale the $2.01 trillion mark. Furthermore, the total crypto market volume zoomed about 45 per cent to $94.98 billion.

TVS Motor jumps 5% on robust Q3 numbers

Updated at : 2022-02-08 11:20:03

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TVS Motor said it sold 8.35 lakh units in the reported quarter as against 9.52 lakh crore in the year-ago quarter, with the drop reflecting a weak demand scenario for two-wheelers.

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At present, divergent practices are followed in the treatment of crypto transactions, with some declaring income as capital gains, others as business income and some not disclosing it at all.

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Data showed FPIs have sold equities worth Rs 8,779 crore so far in February. Naveen Kulkarni, CIO, Axis Securities said most emerging markets will continue to see FPI outflows and currency depreciation in the short term.

Bharat Forge rises 1.75% as Sensex climbs

Updated at : 2022-02-08 11:20:03

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The stock traded at a P/E multiple of 80.99, while the price-to-book value ratio stood at 5.13.

"We expect gold prices to trade sideways to up for the day with COMEX Spot gold support at $1,800 and resistance at $1,830 per ounce. MCX Gold April support lies at Rs 48,000 and resistance at Rs 48,500 per 10 gram," Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

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The Relative Strength Index of the stock stood at 54.87 on Tuesday.

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