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Latest Stock Market News

The proposed MoU includes purchase of land & buildings, vehicle manufacturing plant, machinery and equipment and transfer of all eligible employees of Ford India’s Sanand’s vehicle manufacturing operations, subject to the signing of definitive agreements and receipt of relevant approvals, Tata Motors said in a statement on Monday.

The life insurance company with a market capitalisation of Rs 1.2 lakh crore hit a 52-week high of Rs 775.65 in September 2021, but it failed to hold on to the momentum. The stock closed at Rs 598.20 on 27 May 2022.

However, the revenue from operations of Nykaa increased by 31.4 per cent to Rs 973.32 crore during the reported quarter, from Rs 740.52 crore in the year-ago period.The gross merchandise value (GMV) in the beauty and personal care vertical grew by 29 per cent to Rs 1,248.5 crore in the March 2022 quarter from Rs 964.5 crore a year ago

Following the announcement of earnings, shares of Shriram Properties zoomed 13 per cent to Rs 72, before trading at Rs 66.75 at 10.10 am. The scrip settled at Rs 63.90 on Friday.The company reported about a 39 per cent rise in the total income to Rs 236.5 crore in the fourth quarter of this fiscal year from Rs 157.33 crore in the corresponding period of the previous year.

The US dollar index, which earlier this month had hit a near-20-year high of 105, dropped to 101.43 on Friday, its weakest level since April 25.The index, which measures the US currency against six major rival currencies, was last at 101.54, lower than 101.66 earlier in the day.

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PB Fintech, which operates insurance marketplace PolicyBazaar and credit platform PaisaBazaar, narrowed losses to Rs 219.6 crore in the fiscal fourth quarter from Rs 643.8 crore in the year-ago period.

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Promoters held 48.04 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 26.88 per cent and 11.47 per cent, respectively.

CLSA recently said the 14,500 level on Nifty could be a level that may be a viable bottom given the historical trend of declines. Many other analysts have also said Nifty in the range of 14,500-15,000 can be the bottom of the ongoing sell-off.

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City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 9984.40 Crore).

Disappointing macroeconomic data from the US lifted demand for safe-haven assets, said ICICIDirect Research. "However, optimistic sentiments in global markets and rebound in the US 10 year bond yields capped further gains in bullion prices."

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