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Latest Stock Market News

The Dow Jones Industrial Average fell 240.04 points, or 0.66%, to 36,079.94, the S&P 500 lost 38.54 points, or 0.82%, to 4,646.71 and the Nasdaq Composite dropped 263.84 points, or 1.66%, to 15,622.71.

Buy Avenue Supermarts, target price Rs 5100: IIFL

Updated at : 2021-11-11 09:20:02

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Avenue Supermarts Ltd. key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2021.

Buy UPL, target price Rs 800: IIFL

Updated at : 2021-11-11 09:20:02

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UPL Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 58930.83 Crore) operating in Pesticides/Agro Chemicals sector.

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The company currently has pending orders of more than 250,000 units. It is working closely with supply-chain partners to ease supply constraints and accelerate deliveries.

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API Holdings, the parent of online pharmacy PharmEasy, has filed its draft red herring prospectus (DRHP) with market regulator Sebi for a ₹6,250 crore initial public offering (IPO) with a fresh issue of shares. The company may also consider raising ₹1,250 crore via a private placement of shares before filing its red herring prospectus (RHP) and, if that happens, the issue size will be altered accordingly, it said.

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Inflation fears pressured Asian stocks and buoyed the dollar on Thursday after data overnight showed U.S. consumer prices surged at the fastest pace since 1990 last month, boosting the case for faster Federal Reserve policy tightening. Nominal U.S. Treasury yields shot higher, with that on the benchmark 10-year note leaping by the most since February, while real yields, which take inflation into account, dipped to record lows.

Gold consolidates as US inflation surges

Updated at : 2021-11-11 08:20:01

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Gold prices were flat on Thursday after a surge in U.S. consumer prices drove the metal, seen as an inflation hedge, to a five-month peak in the previous session. Spot gold was little changed at $1,850.00 per ounce by 0100 GMT, after hitting its highest since June 15 on Wednesday.

Tata Steel, Godrej CP, PEL, Balkrishna Industries, Astral, HAL, PGHH, Paige Industries, NMDC, Power Finance Corp, NHPC and Zee Entertainment are among the companies that will announce their September quarter results today.

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“Road projects are one of the few infrastructure asset classes which have bounced back strongly in a very short time. Pension funds and other sovereign wealth funds are keen to participate in road InvITs,” said Rajeshwar Burla, group head, corporate ratings, ICRA.

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In as many as 12 large insolvency resolutions where strategic investors were involved, lenders could recover nearly 50% on average, while recovery has been far less at around 12% when financial investors bought distressed companies, people familiar with the matter said.

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