Latest Stock Market News

On Friday, the scrip fell another 6 per cent to slip to Rs 116.75, which is in the touching distance of listing price of Rs 115 on NSE.

The widening of the consolidated loss in the December quarter was "due to non-operation of Nashik Thermal Power Plant (Sinnar Thermal Power Ltd). That exposure has no bearing on parent RattanIndia Power Ltd," a company spokesperson said.

“The flow based rally seems to be stopping for now and all will depend on how the inflation is getting under control and how US yields react from here on.”

While Nifty50 does see volatility on Budget days, the 10-year average Nifty50 return for the day is a mere 0.1 per cent

A total of 461,816 shares changed hands on the counter till 01:57PM (IST)

Promoters held 38.4 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 36.37 per cent and 11.04 per cent, respectively.

“I would expect very strong numbers and even the guidance being stronger given that GRMs are near a seven-year high. Secondly, their petchem margins will get compensated because of their gas division. All in all, Reliance numbers should beat or meet the Street estimates for today.”

The company said its net premium income rose 27.79 per cent year-on-year (YoY) to Rs 12,124 crore from Rs 9,487 crore in the same quarter a year ago.

Bitcoin has breached the $39,000 level, dropping more than 11 per cent from its peak. Its counterpart Ethereum tanked 14 per cent to test $2,800 levels. The pain in altcoins has been more severe as BNB, Cardano, Polkadot have tanked up to 18 per cent in the last 24 hours, the data from Coinmarketcap shows.

The blue-chip CSI300 index was down 0.92 per cent, with its financial sector sub-index lower by 0.56 per cent, the real estate index down 0.97 per cent and the healthcare sub-index down 2.43 per cent.