Stock market update:...من Tiyas

29 Mar 2023, 02:22 · Views 6,255

Stock market update: Stocks that hit 52-week highs on NSE in today's trade. Shivalik Bimetal, Career Point, Network People Services Technologies Ltd., W S Industries and DRC Systems India Ltd., hit their fresh 52-week highs during the day.

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Bear Trap! Why Bandhan Bank shares hit 3-year low. The reason for the sharp fall in the stock couldn’t be ascertained at the time of filing this report. However, the private sector lender has been struggling with rising bad loans at a time when most of its peers, including the public sector ones, have shown sharp improvement in asset quality.

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Jet Shook, Killing Dana Hyde, After Pilots Shut Off Key System, Report Says. Dana Hyde sustained fatal injuries during the flight in New England after pilots turned off a switch that controls a stabilizer function in the aircraft, a preliminary report said.

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Coca-Cola to divest bottling operations, focus on brands, strategy over time: Global president John Murphy. The beverage maker had first started the divestment process in end-2019, by selling off its bottling units in the north, which accounted for 10% of its bottling operations. But plans to sell the remaining business were paused as Covid-19 struck.

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Banking rebound remains fragile as regulators review response to failures. Investor confidence in the banking sector remains fragile as the ECB highlights the need for greater regulatory scrutiny following recent volatility, which saw European banks weaken slightly. Bank stocks in the US, however, rose slightly, overall financial stability remaining on a solid footing despite event-triggered banking fears.

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