Latest Stock Market News

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities said gold trades higher supported by a drop in US bond yields as Fed decided to take a gradual approach on monetary tightening while inflation concerns also supported the yellow metal.

While the biggest cryptocurrency trades strong, its market dominance has been dipping as investors shift to altcoins, said CoinDCX Research Team.

The stock quoted a 52-week high price of Rs 2306.15 and a 52-week low of Rs 1327.95.

Shares of cigarette companies are already under pressure since the announcement of the panel on cigarette taxes. For ITC, which had only recently started participating in the ongoing bull market, higher taxes are bad news as it could lead to a loss in volumes as well as market share to illegal cigarettes.

The Nifty Pharma index was trading 1.7 per cent down at 13711.1.

Promoters held 25.58 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 53.67 per cent and 6.28 per cent, respectively.

“We started recognising stress early and as and when we see the stress, we provide for it. We do not wait for the repayment records to trigger the provisioning.”

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 21246.30 Crore).

Britannia Industries, Sobha, Aurobindo Pharma, Shyam Metalics and Energy, EID Parry (India), V-Mart Retail, 3i Infotech, Balrampur Chini Mills, KRBL, Elgi Equipments, Vijaya Diagnostics Centre, HG Infra Engineering and Wockhardt are among the companies that will announce their September quarter results today.

Pidilite Industries Ltd., incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 122363.33 Crore) operating in Diversified sector.