Latest Stock Market News

On the Multi Commodity Exchange, crude oil for the September delivery traded higher by Rs 11, or 0.22 per cent, at Rs 5,037 per barrel in 4380 lots.

Realty stocks surged as few of them were included in the NSE’s F&O segment. Bank and media stocks also continued their rally. IT and metal stocks were under selling pressure.

In the Nifty pack, 25 stocks closed in the green, while 25 stocks ended in the red.

According to merchant bankers, there could be more SaaS players hitting the IPO street, given the huge investor interest in the sector.

This fund manager expects 36% one-year EPS growth from his portfolio that combines value and growth.

The Nifty Auto index closed 0.09 per cent up at 10043.9.

Nifty50 formed a bearish candle, but continued to form higher highs for the last four sessions.

NLC India, a Navratna company under the Ministry of Coal, is into coal and lignite mining and power generation.

The stock quoted a 52-week high price of Rs 694.3 and a 52-week low of Rs 397.65.

The stock traded at a P/E multiple of 62.96, while the price-to-book value ratio stood at 6.51.