Latest Stock Market News

Jhunjhunwala, often called Big Bull, has been on a selling spree. BSE data shows till June 14, he sold a 2.8 per cent stake in Delta Corp through the open market to reduce his stake from 6.16 per cent to 3.36 per cent.

Inox Green Energy Services, a subsidiary of Inox Wind, has filed fresh preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an Initial Public Offering (IPO).

"Under the scheme, the company would be issuing one equity share having face value of Rs 5 each of Kamdhenu Ventures against every existing equity share having face value of Rs 10 each of Kamdhenu Ltd on a mirror shareholding basis,"

A total of 66,864 shares changed hands on the counter till 01:34PM (IST)

Swedish gardening power equipment maker Husqvarna dropped 1.8% after it said production in the second quarter had been constrained by continued component supply shortage.

"The indexes gained earlier in the session because investors sought to buy cheap stocks but the trading activities shrank as they struggled to find market moving cues," said Chihiro Ohta, assistant general manager at the investment research and investor services at SMBC Nikko Securities.

“This trend of allocation towards ETF is increasing and is likely to gain further traction. The ETF market is expected to grow on the back of continued thrust from the government and rising acceptance of such products as an investment vehicle by the retail segment. ETFs are best placed from an asset allocation perspective as they do not carry any stock selection risk,” the brokerage said.

Promoters held 46.86 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 10.82 per cent and 4.83 per cent, respectively.

“We often think of the risk of being in the market. There is also a risk of being out of the market. If you remain in Indian equity markets in the long term you will compound at an average of 15% plus. In 40 years of Sensex, your Rs 100 has compounded to Rs 44,000. If you miss out on 10 good days, suddenly your returns on that Rs 44,000 goes down to Rs 15,000. If you miss out on 30 days in 40 years, you are down to less than Rs 4,000, 90% of the gains are gone!”

The stock quoted a 52-week high price of Rs 173.45 and low of Rs 125.2.