Latest Stock Market News

The global crypto market cap dropped over a per cent $2.04 trillion mark compared to the last day. The total crypto market volume jumped about 14 per cent to $101.89 billion.

The Nifty Pharma index was trading 0.01 per cent up at 13914.3.

As of 30-Sep-2021, promoters held 41.94 per cent stake in the company, while FIIs held 41.41 per cent and domestic institutional investors had 9.41 per cent.

While the tightening global monetary backdrop is a concern for equity markets, the improving corporate earnings scenario and the resilience of retail investors and DIIs are positive, said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

HDFC Life said the deal is closed subsequent to receiving all relevant regulatory approvals and it will soon initiate the merger of Exide Life with itself.

Earlier this week, SWREL had informed exchanges that Reliance has become its promoter and holds over 40 per cent stake in it. RNESL became SWREL promoter post payment of balance Rs 1,583 crore for acquisition of 25.90 per cent stake in it. The transaction was done on December 30, 2021.

St. Louis Fed President James Bullard on Thursday said the Federal Reserve could raise interest rates as soon as March and is now in a "good position" to take even more aggressive steps against inflation, as needed.

Oil prices rose on Friday as an uprising in Kazakhstan stoked worry that crude supply from the OPEC+ producer could be disrupted at the same time output has dropped in Libya. Brent crude futures climbed 48 cents, or 0.6%, to $82.47 a barrel at 0127 GMT, adding to a 1.5% jump in the previous session.

IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 71350.57 Crore).

While 74% FDI is permitted in insurance sector, the rules do not apply to LIC. Anurag Jain, secretary in the department for promotion of industry and internal trade (DPIIT), said the current policy related to the sector will not facilitate the disinvestment process of LIC and, hence, needs to be revised.