Latest Stock Market News

Evergrande’s main banks were told by China’s housing ministry this week that the developer won’t be able to make interest payments due Sept. 20, according to people familiar with the matter.

The recently concluded listing of Sansera Engineering and the forthcoming issue of Paras Defence and Space Technologies are commanding a strong premium in the grey market, thanks to the record-breaking market rally.

Equity investors were left poorer by Rs 1.70 lakh crore, as their total wealth represented by BSE market capitalisation declined to Rs 259.08 lakh crore.

Hopes from the new leadership, rising COVID-19 vaccinations and easing infections have powered a 8.58% jump in the Nikkei share average for the month so far. Despite a fall in the past two sessions, the index is still ending with a 0.39% weekly gain, marking an increase for fourth straight week.

The blue-chip CSI300 index rose 1.0%, to 4,855.94, while the Shanghai Composite Index gained 0.2% to 3,613.97 points.

The pan-European STOXX 600 index rose 0.7% by 0711 GMT and was set for a 0.6% weekly gain after worries about global growth dented markets earlier in the week.

On the technical charts, the 200-day moving average of the stock stood at Rs 251.09.

“Do not look at current valuations in terms of trailing but put your eyes forward in terms of the new dynamic that the market is moving towards.”

Erected in a business park near the Danube River in Budapest, the bust sits atop a stone plinth engraved with the name of Satoshi Nakamoto, the pseudonym of the mysterious developer of Bitcoin whose true identity is unknown.

A total of 21,966 shares changed hands on the counter till 01:37PM (IST)