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Latest Stock Market News

Shares of Vodafone Idea (Vi), which needed immediate relief from the government to survive and avoid bankruptcy, jumped almost 10 % in early trade to Rs 9.82 on BSE Thursday. Shares of Bharti Airtel, in turn, initially rose over 2.5% in early trade and subsequently were trading around 0.34% higher at Rs 728.

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Shree Cements Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 111678.21 Crore) operating in Cement sector.

Gold steady as investors eye Fed policy meet

Updated at : 2021-09-16 09:20:02

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Spot gold was little changed at $1,792.86 per ounce by 0116 GMT. Prices fell 0.6% on Wednesday, its biggest one-day decline in a week as US Treasury yields ticked higher.

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Brent crude oil fell 13 cents, or 0.2%, to $75.33 a barrel by 0128 GMT, after settling up 2.5% the previous day. US West Texas Intermediate (WTI) crude slipped 12 cents, or 0.2%, to $72.49, after settling 3.1% higher on Wednesday.

Buy Ceat, target price Rs 1400: Yes Securities

Updated at : 2021-09-16 09:20:02

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Ceat Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 5439.32 Crore) operating in Tyres sector.

Air India is likely to be handed over by December if bids are satisfactory, sources told ET Now. Earlier today the DIPAM tweeted that financial bids for AI divestment have been received and the process will now be moving to the concluding stage.

The company had in 2008 entered into a contract with Delhi Metro for running the country’s first private rail project for 30 years. It stopped operating the Delhi airport metro rail line in 2012 following a dispute over fee, and initiated arbitration alleging violation of contract.

The government will sell 5 per cent of its stake in state-owned Hindustan Copper through an offer for sale (OFS) this week.

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State-wise trend indicates that the rural households’ average debt more than doubled in 18 states for the 6 year period ended 2018, while 7 states witnessed the same for urban households. Importantly, 5 states, including Maharashtra, Rajasthan and Assam witnessed a simultaneous doubling in average debt across both urban and rural households during this period.

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The rating agency also clarified that there is no case for upgrades in this sector in the near term as asset-quality stress will remain unresolved and capital buffers remain thin, particularly for state-run banks . It also warned that the banks would require $ 27 billion under a stress case scenario.

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