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Stock Market News, stock market, stock Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indian benchmark equity indices continued to slide further on September 28, for the sixth straight session, dragged by banks, financials and metal companies amid weak global cues. At 10:28am the Sensex was at 56,851.62, down 255.9 points or 0.45 percent, while the Nifty50 slipped 60.85 points or 0.36 percent to 16,946.55, below the psychological level of 17,000. Blaming it on the bearish global trend, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, Nasdaq is down 33.2 % from the peak and S&P 500 is down 24.3% from the peak. The Euro Stoxx 50 is down 24.3% from its peak. These are clear bearish signals from markets in the developed world. India is a distinct outlier with only 8.5 percent decline from the peak … [Read more...] about Sensex, Nifty drag for sixth straight session: Key factors behind the selloff

The rupee plunged 37 paise to close at an all-time low of 81.90 (provisional) against the US dollar on Wednesday as the strengthening of the American currency overseas and risk-averse sentiment among investors weighed on the local unit. In the intraday trade, the rupee slipped below the 82-level for the first time against the American currency, as a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite. At the interbank foreign exchange market, the local currency opened at 81.90, then fell further to close at an all-time low of 81.90 against the American currency, registering a decline of 37 paise over its previous close. On Tuesday, the rupee settled 14 paise higher at 81.53 against the dollar. The rupee has nose-dived to a fresh record low amid the risk-averse mood in the markets, said Sugandha Sachdeva, Vice President - Commodity and Currency Research, Religare Broking Ltd. The slide in the domestic equities and a strong … [Read more...] about Rupee plunges 37 paise to close at all-time low of 81.90 against US dollar

eicher Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Eicher Motors Ltd , parent of Royal Enfield, have become India's fifth auto firm to join the elite club of Rs 1 trillion market capitalisation (MCap) after its shares surged 41 percent so far this year. The stock hit a record high of Rs 3,659.45 a share and gained as much as 3.31 percent from its previous close with a market cap of Rs 1.01 trillion. Earlier, Maruti Suzuki India Ltd , Tata Motors Ltd , Mahindra & Mahindra Ltd and Bajaj Auto have achieved this milestone. Eicher Motors has now surpassed Hindalco Industries, Divi's Lab, Godrej Consumer Products and Indusind Bank Ltd in terms of market capital. The company's performance was impacted significantly during the pandemic amid its ability to expand the customer base in the face of multiple external … [Read more...] about Royal Enfield parent Eicher Motors joins Rs 1-trillion MCap club

Shares of Tata Motors Ltd surged as much as four per cent on Thursday as brokerage firms turned bullish on the new Tiago EV, boosting investor sentiment. At 10:09 am, the stock was trading at Rs 408.75, up 2.4 percent on the BSE. On Wednesday, Tata Motors launched the Tiago EV, an electric vehicle of its popular hatchback Tiago, starting at Rs 8.49 lakh (ex-showroom) with the top model costing Rs 11.79 lakh (ex-showroom). Nomura said this model has become India’s first electric premium hatchback offering. The company will start accepting bookings for this model from October 10 with a booking amount of Rs 21,000, and would commence delivery from January 2023. Close “Tiago EV overall is a very strong package of premium features and attractive pricing,” Nomura said. The foreign brokerage firm expects the introductory pricing of the new model to attract a larger consumer base who might not have considered EV as a viable option. “In our view, the car has the … [Read more...] about Tata Motors screams as new Tiago EV electrifies shares