Latest Stock Market News

The Nifty Auto index closed 0.54 per cent up at 10429.05.

On the technical charts, the 200-day moving average of the stock stood at Rs 3168.02.

A deadline for paying $83.5 million in bond interest passed without remark from Evergrande and bondholders had not been paid nor heard from the company, two people familiar with the situation told Reuters.

A total of 12,738,226 shares changed hands on the counter till time (IST).

The stock has rallied a mind-numbing 4,800 per cent year to date. It is the best performing listed name on BSE. It has hit the upper circuit limit every day for the past 74 sessions.

The blue-chip FTSE 100 index eased 0.3%. Retail stocks, industrial miners and life insurers were the top losing sectors.

The stock quoted a 52-week high of Rs 512.05 and a 52-week low of Rs 255.4.

“If I have to buy one thing in September of 2021 it would be agricultural commodities.”

The Relative Strength Index of the stock stood at 56.94 on Friday.

Indian stocks now have the largest 36 per cent weight in the portfolio. This is more than the combined weight of China and Taiwan. Other territories included in the portfolio are Korea, Australia, Hong Kong and Singapore.