Latest Stock Market News

Shares of Zomato plunged 3 per cent to Rs 67.85 on Tuesday before trading at Rs 68.10 at 10.35 am. The scrip had settled at Rs 69.85 on Monday.

Tron (TRX) is the native and governance token of the Tron network - a decentralized operating system that lets developers create dApps using smart contracts. TRX remains one of the few cryptocurrencies that have performed well recently despite the bear market.

Apcotex Industries Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 3343.74 Crore) operating in Rubber sector.

Iron ore is one of the key raw materials used in the manufacturing of steel, and any movement in the prices of the mineral has a direct impact on the rates of steel, which has been a matter of concern for the user industries for past couple of months.

"Credit card is a derived demand product, and its growth is dependent on a combination of factors. Consumer spending on cards is a fair estimate of how consumption is changing in response to various external stimuli. In India, the credit card market is underpenetrated, and inflationary pressures may impact spending. More specifically, the impact could be seen at the category level, if any."

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 128788.53 Crore) operating in Auto sector.

Zomato has previously invested in Blinkit, and extended a loan of up to $150 million for the quick-commerce entity earlier this year.

Retail sales of passenger vehicles and tractors grew by 11.40% (to 263,152 units) and 33.09% (to 52,487 units), respectively, when compared to May 2019. However, registrations of two-wheelers, three-wheelers, and commercial vehicles were down by -13.91% (to 12,22,994 units), -19.32% (to 41,508 units), and -11.44% (to 66,632 units), respectively, against May 2019.

Indian Banks Association (IBA) made the requests on behalf of the lenders to the central bank last week after excess liquidity dropped to nearly ₹3.5 lakh crore - about half the amount maintained by RBI through the pandemic.

Entry-level and small packs account for up to 55% of fast-moving consumer goods (FMCG) sales, with the exact proportion varying across product categories.