Latest Stock Market News

Bitcoin, Solana, Polkadot zoom up to 10%

Updated at : 2022-01-13 10:30:03

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The cryptocurrency market extended its gains to Thursday, with Bitcoin leading the way and most of the altcoins following suit, boosted by US inflation data. Barring the dollar pegged USD coin, all other nine out of top-10 digital tokens were trading higher at 8.30 am IST. Terra and Cardano zoomed 10 per cent each, followed by a 6 per cent rise in Solana.

In the spot market, the highest purity gold was sold at Rs 47,943 per 10 grams. Silver was priced at Rs 60,831 per kg on Wednesday, according to the Indian Bullion and Jewellers Association.

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In the case of Infosys, CLSA said the third quarter results highlighted the demand momentum and efficient cost management.

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Ajanta Pharma Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 19942.17 Crore) operating in Pharmaceuticals sector.

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TCS announced a third interim dividend of Rs 7 per share. The record date for the dividend is January 20, and it will be credited by February 7.

Oil struggles to hold gains amid mixed demand view

Updated at : 2022-01-13 09:20:04

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Oil prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases of the highly contagious Omicron variant of the coronavirus surge around the globe.

Buy United Spirits, target price Rs 965: IIFL

Updated at : 2022-01-13 09:20:04

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United Spirits Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 66465.64 Crore) operating in Beverages - Alcoholic sector.

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Last year in September, the union cabinet had given its approval for guarantees of Rs 30,600 crore to back security receipts issued by NARCL for acquiring stressed loan assets from banks.

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InvITs are special trusts created to facilitate participation of individual and institutional investors in infrastructure projects. In return, investors can earn a small portion of the income.

The dollar was below key support levels on Thursday, having hit new lows overnight, after data showing U.S. consumer prices rose at their fastest rate in nearly 40 years was not deemed worrying enough to change an already hawkish rates outlook.

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