Latest Stock Market News

Gold inched lower on Tuesday as the U.S. dollar held firm on rising prospects of more Russian sanctions, and bigger interest-rate hikes by the Federal Reserve to rein in inflation. Spot gold was down 0.2% at $1,929.60 per ounce by 0203 GMT. U.S. gold futures were flat at $1,933.60.

Edelweiss said it prefers HCL, Infosys and TCS among largecaps, and Coforge, LTI and Mindtree in midcaps. Among smallcaps, it prefers Zensar, Birlasoft and Firstsource.

“A lot of liquidity can be unleashed from the balance sheet which can be used to push growth especially at a time when the interest rates can harden. We do not know how it is going to play out. There is a huge cross-sell opportunity. Now the balance sheet size would be in excess of Rs 80 lakh crore. There will be a market share gain of 4.5-5%.”

“With credit growth happening, we are seeing initial signs that the best customers are going to be taken away by these banks and the tier two banks will have to go after customers with a slightly riskier profile because the cost of funds is higher. The top four private banks and maybe SBI will garner an increasing amount of market share and grow into larger behemoths.”

Gold prices may see profit booking ahead of de-escalation of tensions between Russia and Ukraine. The rising yields and stronger dollar is denting the bullions appeal, said Ravi Singh, Vice President and Head of Research, ShareIndia.

Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 55844.72 Crore) operating in Metals - Ferrous sector.

CCI has ordered an investigation into the practices of Zomato and Swiggy on various allegations in relation to delayed payment cycles, unfair pricing, platform neutrality, and other aspects.

"Respondent No 1 (RattanIndia Finance) shall issue an appropriate order appointing Bipin Kabra as CFO of the company," said the bench presided by judicial member BV Balram Das in its order of March 29. "Bipin Kabra, after being appointed as CFO, shall disclose all particulars about his concern and interests in any other company or companies."

Tata, 65, who is also the chairman of retail arm Trent and who recently became vice-chairman of Tata Steel, said inflationary challenges were real and the retail unit was diversifying its supply chain to offset rising prices.

The proposed HDFC Ltd and HDFC Bank amalgamation will involve HDFC Investments and HDFC Holdings merging with the parent mortgage company. Subsequently, HDFC will merge with its banking arm, resulting in all group companies becoming direct subsidiaries of HDFC Bank.