Latest Stock Market News

For the coming week, the 18,300-18,350 range will be an area of test for the bulls and a failure to push the Index beyond this could trigger deeper corrections dragging the Index lower to levels of 18,100-18,000.

Inflation and the coronavirus did not hold back the stock market last year, but in 2022, investors face new worries.

Monday is likely to see the levels of 18,300 and 18,390 acting as immediate resistance levels. The supports come in at 18,200 and 18,110.

Going ahead, however, market interest rates are likely to harden as global central banks are moving towards tightening the liquidity spigot. Elevated domestic fiscal deficits are also likely to exert upward pressure on government bond yields.

"Oil India (USA) Inc (wholly owned subsidiary of OIL), divested its entire stake in Niobrara shale asset, USA," a regulatory filing by the company said, adding the consideration received was USD 25 million.

The scheme is expected to give a major boost to localising the electric vehicles (EV) supply chain in India. Despite being a key component for EVs, all such vehicles sold in India presently rely completely on imported cells, mainly from China.

Meme stocks, blank-check companies and high-flying biotech names that were all the rage at the start of 2021 are now running cold. The first two weeks of the year have brought a 17% tumble for a group of stocks that went public via merger with blank-check firms and a 10% correction for the biotechnology industry.

The world’s largest cryptocurrency rebounded this week after falling below $40,000 for the first time since September on Monday. The drop put holders on edge.

Reliance Industries, Infosys, HDFC, Bajaj Finance and Wipro also saw a rise in their market valuations, while HDFC Bank, ICICI Bank and SBI suffered losses.

Proportion of women investing in equities up at 24% in 2 years from about 16%