Latest Stock Market News

Gold futures on MCX were trading higher, gaining almost 0.28 per cent or Rs 143 at Rs 50,766 per 10 grams. Meanwhile, silver futures advanced about 0.82 per cent or Rs 496 to Rs 60,915 per kg.

India’s retail inflation last month hit an 8-year high of 7.79 per cent, owing to high food prices. One can see the impact of inflation not only in India, but the rate of Inflation has increased around the world, across major economies.

Orient Electric Ltd., incorporated in the year 2016, is a Mid Cap company (having a market cap of Rs 5760.84 Crore) operating in Consumer Durables sector.

A total of 8,045 shares changed hands on the counter till 10:40AM (IST).

Before the pandemic, many private sector banks had turned cautious on loans to small businesses and started cutting their exposure as soon as the pandemic broke out. With government guarantees coming in and stress turning out to be less than expected, they sharply increased their market share in FY22.

Weakening U.S. economic data knocked it off that perch, and a survey released on Friday showed consumer confidence at a record low, giving another prompt for investors to cut back bets on U.S. interest rate hikes.

"For BSE 500 stocks, almost 60% of the stocks are down more than 30% from their all-time highs. Given, this we are evaluating good quality companies trading at reasonable valuations. We are looking at companies that are market leaders in their sectors and sub-sectors, have strong Balance Sheet and leverage and return ratios, and where valuations are reasonable."

Bitcoin and Ethereum dropped a per cent each, whereas Avalanche and Solana plunged 3-4 per cent each. Dogecoin zoomed 11 per cent and Tron gained 4 per cent.

"One must always pay heed to valuations. Buy good stocks at value. That is the mantra for making superior and risk-adjusted returns in the market. Conservative investors can also look at stocks that will give a 5%+ sustainable yield for the foreseeable future. There are many such stocks in the market. Some portion of the portfolio can be allocated to these types of stocks. "

Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 78688.43 Crore) operating in Auto sector.