Religare Broking CEO Gurpreet Sidana urges investors to avoid momentum-driven trades and focus on fundamentals amid volatility. He highlights defence, cement, and gold as key sectors while advising data-led, risk-aware strategies for long-term wealth creation.
PM Modi extended his greetings to the nation on the occasion of Eid ul-Adha. Nationalist Congress Party (Sharad Pawar) MP Supriya Sule welcomed the reported Uddhav-Raj Thackeray reconciliation, calling it a happy moment for Balasaheb’s legacy.
Despite geopolitical tensions between India and Pakistan, the Indian stock market has historically shown resilience. Examining past conflicts like the Kargil War and the Mumbai terror attacks reveals that the Sensex often recovers quickly, rewarding patient investors. Experts advise focusing on long-term financial plans, maintaining systematic investments, and avoiding panic-driven decisions during such crises.
The RBI’s sharper-than-expected 50 bps rate cut and 100 bps CRR reduction aim to boost credit growth and economic activity amid subdued inflation. With a shift to a neutral stance, the central bank signals flexibility to either pause or ease further depending on future data, offering tactical opportunities across rate-sensitive sectors.
Crude oil prices increased on Friday, marking the first weekly gain in three weeks. This rise followed a positive U.S. jobs report and renewed trade discussions between the U.S. and China. Brent crude futures settled at $66.47 a barrel, while U.S. West Texas Intermediate crude finished at $64.58. OPEC+ agreed to increase output by 411,000 barrels per day in July.
Gold prices saw a decline following a robust U.S. jobs report. This dimmed hopes for Federal Reserve rate cuts. Silver prices, however, surged to a multi-year high. The U.S. Labor Department revealed an increase in non-farm payrolls. Platinum and palladium also experienced gains. Trade policy uncertainties continue to influence market dynamics. Investors are closely monitoring economic data and geopolitical developments.
U.S. stocks surged on Friday, buoyed by a robust jobs report and renewed hopes for a U.S.-China trade deal, with the S&P 500 surpassing 6,000 for the first time since February. The Dow and Nasdaq also hit three-month highs. Tesla rebounded after a sharp decline, while tech giants like Amazon and Alphabet saw gains.
European stock markets saw gains for the second week. This was due to positive job data from the United States and easing trade worries. However, new tariffs on steel and aluminum impacted the auto sector. Germany is looking for a deal on car imports with the U.S. The European Central Bank hinted at ending rate cuts.
U.S. stocks surged, fueled by a strong employment report and a Tesla rebound, leading to weekly gains across major indexes. The robust jobs data, coupled with rising wages, tempered expectations for near-term Federal Reserve rate cuts. Trade developments, including U.S.-China talks and EU negotiations, also influenced market sentiment, while Treasury yields jumped and the dollar strengthened.
Bond Street witnessed a volatile trading day. The 10-year benchmark security yields increased. This happened despite the Reserve Bank of India{sin-quite}s repo rate cut. The change in the central bank{sin-quite}s policy stance impacted the yields. Experts predict the 10-year yield to stabilize. Some anticipate further rate cuts later in the year. The five-year bond yield experienced a slight decrease.
Following the RBI{sin-quite}s policy rate cut and CRR reduction, interest rate-sensitive sectors like banks, financials, property, and autos experienced a surge, propelling the Nifty past 25,000. The Nifty Bank index reached a new high, while realty and financial services also saw significant gains.
The Reserve Bank of India has reduced rates. This is the steepest cut since March 2020. Property and auto loan rates are expected to fall. The Nifty Realty index has already surged. Experts believe this will boost home affordability. It will also increase demand, especially in smaller cities. Developers are optimistic about increased home buying activity.
The dollar strengthened against major currencies following a better-than-expected U.S. jobs report for May, fueling speculation that the Federal Reserve might delay interest rate cuts. While the dollar saw weekly gains against the yen and franc, it remains down year-to-date. Positive economic data and easing trade tensions between the U.S. and China contributed to the dollar{sin-quite}s upward movement.
U.S. stocks are nearing record highs, buoyed by economic data and trade developments, but face tests ahead. A key inflation report and Federal Reserve meeting loom large. Concerns persist over the impact of tariffs and a proposed tax-cut bill, highlighted by a rift between President Trump and Elon Musk.
The Reserve Bank of India (RBI) has decided to increase the loan to value (LTV) amount for small gold loans of up to ₹2.5 lakh from one borrower from 75% to 85% including interest, RBI Governor Sanjay Malhotra said on Friday.
Automotive plants in India might face shutdowns by the end of June due to China’s export restrictions on rare earth magnets, according to the President of the Federation of Automobile Dealers Associations (FADA), CS Vigneshwar.
Senco Gold Ltd. is targeting a revenue growth of 18% to 20% in FY26, driven by a surge in demand for diamond jewellery, according to Chief Executive Officer Suvankar Sen. "The way the gold prices have been moving upwards, it is, I think, quite an easy possibility of having a growth of 18% to 20%," Sen told NDTV Profit in a conversation on Friday. "We are looking at about Rs 7,500 crore in the coming year."
When the winds shifted in the aviation industry, pilot Gaurav Khatri found himself grounded trying to navigate turbulent skies, especially when it comes to employment. The aviation industry wasn{sin-quite}t doing well and he wasn{sin-quite}t able to find a job, recounts Khatri, co-founder of Noise. Faced with uncertainty and a need to prove himself, he ventured into the world of e-commerce.
Trade talks between Indian and U.S. officials have been extended into next week as both sides seek consensus on tariff cuts in the farming and auto sectors, aiming to finalise an interim deal before a July 9 deadline, government sources said.
The RBI just handed over a record ₹2.69 lakh crore surplus to the government — its biggest ever. But beyond the headline, we broke down what drove this, how rural India held up consumption, why gold loans are becoming a regulatory headache and why the digital rupee’s circulation is up 334% despite barely being used.
India continues to remain an attractive investment destination and rise in repatriation of funds is a sign of a mature market where foreign investors can enter and exit smoothly, Reserve Bank Governor Sanjay Malhotra said on Friday (June 6, 2025).
As climate, technology, and disaster risks intensify, parametric insurance offers a fast, data-driven alternative to traditional models. From agriculture to travel, SMEs to energy, its predefined triggers ensure swift pay-outs and financial stability. This evolving model enhances resilience, making risk management smarter, faster, and more future-ready.
Realtors{sin-quite} apex body CREDAI on Friday (June 6, 2025) described the Reserve Bank of India (RBI) decision to cut repo rate by 50 basis points as a bold step and said this will help boost sales of residential properties.
A new US bill introduces a 3.5% excise tax on overseas remittances from non-citizens, including NRIs and immigrants, effective January 2026. The bill also raises estate tax exemption to $15 million. Global Indians must now reassess cross-border financial planning amid changing compliance requirements.
Indian Renewable Energy Development Agency or IREDA has launched a Qualified Institutional Placement. It aims to raise up to Rs 5,000 crore. The floor price is Rs 172.4 per share. Retail shareholders have nearly doubled since December 2023. The government remains the dominant shareholder with 75%. IREDA reported a rise in net profit in the March quarter.
Markets rallied sharply on Friday after RBI Governor Sanjay Malhotra unveiled a surprise 50 bps rate cut and a Rs 2.5 lakh crore liquidity boost via a 100 bps CRR cut. The Sensex surged over 700 points, while Nifty Bank hit a record high. The MPC also shifted its stance to "neutral," signaling limited room for further rate cuts.
Sandip Sabharwal discusses the compelling nature of gold due to global uncertainties and monetary policy issues, while the outlook for silver is less clear, despite a historical correlation between the two. China{sin-quite}s rare earth magnet supply restrictions are impacting various industries, particularly autos, creating near-term uncertainty.
Sandip Sabharwal discusses the impact of rate cuts on banks and NBFCs, noting NBFCs may benefit more due to their borrowing structures. He also addresses concerns about early monsoons affecting sectors like air conditioning, which faces inventory issues, and cement, where high valuations need correction before potential monsoon-driven demand improves.
Gold discounts in India have surged to a one-month high due to near-record domestic prices dampening demand. Dealers are offering discounts up to $56 an ounce. High prices and the monsoon season have led jewelers to avoid building inventory. Meanwhile, China sees lower trading volumes due to elevated prices, while other Asian hubs experience varied premiums and profit-taking.
Sandip Sabharwal suggests that the markets are in a stable position, despite the pressure from bulk deals. He highlights the current chip shortage, attributing it to China{sin-quite}s export restrictions, impacting two-wheeler and EV companies globally. The tariff issue is already factored into the markets, with focus shifting to monetary policy and economic data.
Gold prices climbed to Rs 98,260 per 10 grams on the MCX, gaining Rs 2,450 this week, while silver hit an all-time high of Rs 1,05,456/kg. Analysts expect further upside as weak U.S. data and geopolitical tensions support safe-haven demand. Focus now shifts to U.S. payroll data. Experts see gold trading between Rs 97,000–Rs 99,500 and silver between Rs 1,02,750–Rs 1,06,750.
Quick commerce companies are investing heavily in dark stores, impacting earnings and cash flow. Competition is intensifying with JioMart and others entering the space. The EV sector faces headwinds due to China{sin-quite}s control of rare earth materials and slowing global demand, potentially affecting Indian EV production despite government incentives.
ICICI Securities maintains a buy call on Lemon Tree Hotels, setting a target price of Rs 174. The company{sin-quite}s Q4FY25 revenue reached Rs 3.8 billion, a 15% year-over-year increase, driven by portfolio ARR growth and improved occupancy. The brokerage anticipates a reduction in net debt by March 2027 and retains its positive outlook based on strong EBITDA margins.
Foreign Institutional Investor activity slowed down in late May. Key sectors like IT and financial services saw significant pullbacks. There was a notable sell-off in auto and auto components. However, FMCG and construction sectors experienced a turnaround. Overall, May marked the second consecutive month of FII buying. But, year-to-date, FIIs remain net sellers. Capital goods also saw increased investment.
Gaja Capital has raised Rs 125 crore in a pre-IPO round from long-term investors including SBI Life, HDFC Life, Enam, and Jagdish Master, valuing the firm at Rs 1,625 crore. It aims to become India’s first listed standalone private equity firm. The funds will help seed new funds, expand distribution, and explore new strategies, marking a milestone for alternative asset management in India.
JM Financial recommends a {sin-quite}buy{sin-quite} for UltraTech Cement, setting a target price of Rs 13500.0. In the quarter ending March 2025, UltraTech Cement reported a consolidated total income of Rs 23165.45 crore, a 12.70% increase from the previous year, and a net profit after tax of Rs 2485.56 crore. Promoters hold a significant 59.23% stake in the company.
After a detailed review of Q4FY25 results and forward guidance, Axis Securities reaffirms its {sin-quite}Buy{sin-quite} recommendations on select high-conviction stocks with strong growth prospects and solid fundamentals. Notably, stocks like Trent and Prestige Estates Projects could see gains of up to 42% in the near term following the Q4 results. Here{sin-quite}s the list:
Dr. Reddy’s Laboratories has partnered with global biotech firm Alvotech to co-develop and commercialize a biosimilar of Keytruda (pembrolizumab), an immunotherapy drug with $29.5 billion in global sales in 2024. The collaboration aims to leverage Alvotech’s R&D strengths and Dr. Reddy’s commercial reach to tap into the fast-growing oncology biosimilars segment and expand global market presence.
Stock Market Today: Indian stock markets rebounded following the Reserve Bank of India{sin-quite}s decision to lower the repo rate. Banking and auto sectors saw significant gains. Sensex and Nifty both experienced positive movement. Asian markets also showed positive trends, influenced by developments in US-China trade talks. Foreign Institutional Investors continued selling, while Domestic Institutional Investors remained buyers.
Despite the Union Budget{sin-quite}s focus on consumption, capital goods stocks have significantly outperformed, with the BSE Capital Goods Index soaring 10%. This rally, fueled by strong order pipelines and high manufacturing capacity utilization, has added Rs 1.85 lakh crore in market value. Experts suggest this capex revival is a multi-year phenomenon, driven by government initiatives and healthy corporate balance sheets.
Walmart{sin-quite}s Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, a spokesperson for the company confirmed after Reuters reported the development citing documents and a source.
The NCLT directed three aircraft lessors of SpiceJet to furnish a valid Power of Attorney by July 3. The directive follows insolvency pleas over Rs 77 crore in alleged defaults. The airline contested the outdated authorisation, prompting the tribunal to grant time for revised submissions.
Praj Industries shares: Through this strategic partnership, Praj will contribute to the development, evaluation, and step-by-step implementation of the biorefinery, which is designed to produce ethanol along with co-products including distillers dried grains with solubles (DDGS), corn oil, biogas, bio-bitumen, and sustainable aviation fuel (SAF).
JSW Energy has commissioned 281 MW of renewable capacity, boosting its total to 12,499 MW. The company{sin-quite}s subsidiary also signed a 25-year PPA with Adani Electricity for a 250 MW wind project. These developments support JSW’s push toward 30 GW capacity and carbon neutrality by 2050.
Ashoka Buildcon shares: The project, with an estimated value of Rs 1,387.19 crore, entails the design, deployment, operation, and upkeep of the Intelligent Traffic Management System (ITMS) across Nagpur, Mumbai, Pune, Marathwada, and the Konkan & Western Maharashtra regions.
Indian equity valuations puzzle experts. Cement companies are pricier than global peers. Some believe retail investors follow tycoons like Mukesh Ambani and Gautam Adani. Adani{sin-quite}s cement consolidation may boost pricing power. Domestic funds face pressure to invest due to liquidity. Tech stocks attract global investors, but India lags in innovation. Local investors drive up valuations, even for mediocre firms.
Morgan Stanley hiked target price for Ashok Leyland Ltd. from Rs 284 to Rs 288, on its stronger net cash position. The brokerage has cut its Medium and Heavy Commercial Vehicles volume estimates by 2% on account of slower demand in fiscal 2026. On the upside, it has increased its export volume estimates for Ashok Leyland "as the company continues to do well on that front". Volume estimates for the firm remain largely unchanged, Morgan Stanley said.
Japan{sin-quite}s Nikkei climbed on Friday, buoyed by a weaker yen and futures demand ahead of special quotation price fixings, despite a projected weekly loss. Chip stocks and automakers like Honda and Nissan saw gains. Mercari and Oriental Land led percentage increases. Conversely, Panasonic declined following Tesla{sin-quite}s share plunge.
V. Srivatsa of UTI Mutual Fund suggests navigating market volatility by focusing on domestic sectors like autos and banking, while reducing exposure to global autos and metals. He notes that while IPO valuations appear high, value can be found in private sector banking, telecom, and chemicals. The fund is also increasing exposure to domestic-oriented industries.
Tesla lost over $152 billion in market value as shares plunged 14.26% amid a dramatic fallout between Elon Musk and Donald Trump. The feud erupted over Trump’s “Big Beautiful Bill,” with Musk accusing Trump of corruption and threatening to decommission SpaceX contracts. The escalating clash rattled investors and raises questions about Musk’s political future.
While China{sin-quite}s curbs in rare earth magnets are not a cause for concern so far, it is a wake-up call for India to pursue diversified technology pathways and greater self-reliance, according to Toyota Kirloskar{sin-quite}s Vikram Gulati.
The Indian rupee closed modestly stronger on Thursday, lifted by mild dollar inflows as well as positive cues from gains in most Asian peers, while traders awaited the Reserve Bank of India{sin-quite}s monetary policy decision on Friday.
Dassault Aviation and Tata Advanced Systems Limited have signed four Production Transfer Agreements to manufacture the Rafale fighter aircraft fuselage for India and other global markets.
Mahesh Patil of ABSL AMC suggests mid and small-cap companies may see renewed investment. Despite higher valuations, their long-term growth potential remains attractive. Rate cuts could boost urban consumption, particularly in mortgages and autos. Rural economy shows promise with better real wages and good monsoons. While auto sector outlook is weak, a post-festive season pick-up is possible.
Mahesh Patil of ABSL AMC suggests banks could benefit from mid-teens credit growth, while tier II NBFCs offer turnaround potential. IT sector growth is expected to be moderate with limited downside, its performance depending on domestic sectors like banking and consumer. Currently, a neutral stance is maintained on the IT sector.
HSBC{sin-quite}s Pranjul Bhandari anticipates a 25 basis points rate cut from the MPC, with no change in policy stance. Focus will be on future easing and inflation forecast revisions, hinting at two more rate cuts. While growth projections remain steady, a shift towards informal sector consumption is expected, potentially offsetting weaker investment.
Sustainability is no longer just a corporate or policy trend in India. From choosing electric vehicles and reusable products to supporting responsible brands, individuals today, especially the younger generation, are aligning daily decisions with environmental impact.
Reliance Industries shares rose nearly 2% after Jefferies and JP Morgan highlighted potential upside driven by strong consumer business growth. JP Morgan expects earnings to improve over the next two years, with reduced drag from the O2C segment and positive free cash flow despite ongoing capex. Retail and telecom are seen driving nearly all net EBITDA growth through FY28.
The India Wealth Survey 2025, conducted by Marcellus Investment Managers and Dun & Bradstreet, reveals that while India{sin-quite}s high-net-worth individuals (HNIs) are becoming more aspirational, many remain financially unprepared. Despite rising incomes and a prolonged bull market, nearly 43% of HNIs save less than 20% of their post-tax earnings.
Indian stock markets saw a significant rise on Thursday. Pharma stocks and Reliance Industries led the gains. A weaker dollar and falling U.S. Treasury yields boosted market sentiment. Sensex and Nifty reached new highs. Most sectoral indices, except PSU banks, performed well. Foreign investors turned net buyers, supporting the market rally.
The Indian rupee briefly weakened to 86.02/$1 on Wednesday before recovering to close at 85.90, pressured by equity outflows and offshore NDF unwinding ahead of the RBI’s policy review. Dollar demand from foreign banks and oil firms added to the pressure. Despite RBI{sin-quite}s likely intervention, the rupee has fallen 1.5% since last Monday, making it Asia’s worst-performing currency.
Dr. Reddy’s shares rose over 4% after announcing a global biosimilar partnership with Alvotech for Keytruda. Q4FY25 profit rose 22% YoY to Rs 1,594 crore. Despite 2025 YTD decline, shares gained 14% in three months. Analysts maintain a ‘Hold’ rating.
Despite global economic uncertainties, India{sin-quite}s economy shows resilience with a 7.4% growth in Q4 FY25. The RBI, supported by benign inflation and moderate growth, is expected to cut the repo rate by 25 bps to 5.75% in June. This move aims to boost economic activity, encourage borrowing and investment, and foster job creation, marking the third consecutive rate cut.
Following years of underperformance despite a star-studded lineup, RCB{sin-quite}s title run is now seen as a model for sustained success—driven by patience, resilience, and well-timed momentum. Similar to a fundamentally strong stock caught in a prolonged sideways phase, the team remained overlooked and underrated, steadily working toward its breakout moment.
India{sin-quite}s Nifty index faces resistance around 25,050, consolidating within 24,000-25,000. Options data suggests sideways movement. IT and auto sectors need to perform for a breakout. RBI rate cuts and strong GST collections could provide tailwinds. Motilal Oswal remains overweight on BFSI, consumer discretionary, industrials, healthcare, IT, and telecom. A {sin-quite}buy on dips{sin-quite} strategy is advisable.
Hemang Jani highlights Bosch{sin-quite}s stable performance and diversification into EV components as appealing in the MNC space. He favors wealth management companies like 360 One or Nuvama, anticipating a structural bull run and potential consolidation. In the auto sector, Jani prefers Mahindra & Mahindra and TVS, expecting positive impact from a normal monsoon and potential rate cuts.
Dipan Mehta suggests that while defence sector earnings are strong, valuations appear stretched, advising caution for fresh investments despite long-term visibility. Railway stocks are rising in sympathy, but face similar valuation concerns and disappointing results from some companies. Promoter exits at discounts signal potentially high market valuations, indicating a selective and challenging period for investors.
Hemang Jani discusses the rising valuations of exchanges like NSE, highlighting its dominant position in options and potential growth post-IPO clearance, despite recent regulatory impacts. He favors NSE and MCX over BSE, citing stretched valuations for BSE.
Indegene shares: Abakkus was one of several institutional investors that participated in the transaction through which private equity giant Carlyle Group fully exited its 10.2% stake in the digital healthcare company.
Indian government bonds saw an increase early Thursday. This rise was led by longer-duration papers. Traders were adding positions before the Reserve Bank of India{sin-quite}s policy decision. The central bank is expected to cut policy rates. The yield on the benchmark 10-year bond decreased. The Reserve Bank of India{sin-quite}s policy decision is due on Friday.
Newgen Software shares surged on Thursday after the company secured a $2.5 million, five-year international order for its Enterprise Workflow and Content Management System. The deal includes licensing, implementation, and support services. Strong Q4 earnings and double-digit revenue growth in FY25 also boosted investor sentiment despite mixed stock performance year-to-date.
ICICI Securities maintains a Hold call on Century Plyboards, revising the target price to Rs 743. The company reported a 13% YoY revenue growth in Q4FY25, driven by plywood and MDF segments, though overall margins contracted. While management anticipates strong growth in FY26, ICICI Securities has adjusted EBITDA estimates, citing margin pressures in laminates and MDF.
India{sin-quite}s solar sector is experiencing a surge, driven by decreasing panel prices, prompting industries like Maruti to adopt solar power, reducing long-term costs. Despite potential export revenue margin pressures and reduced government subsidies post-Trump era, India is significantly expanding its solar capacity. Among automakers, M&M presents a strong investment opportunity due to its diverse product range and upcoming EV models.
The 2025 Candere Hurun India Women Leaders List features ten first-generation women entrepreneurs who have built significant fortunes through their ventures. With a combined wealth nearing Rs 2 lakh crore, these self-made leaders are shaping industries across software, healthcare, retail, finance, and entertainment—highlighting the expanding role of women in driving India’s economic growth. Here{sin-quite}s the list:
Indian benchmark indices, Sensex and Nifty, traded higher, mirroring gains in Asian markets. Positive sentiment was fueled by advancements in sectors like pharma, oil & gas, and auto. Investors are awaiting the RBI{sin-quite}s policy decision, widely expected to include a rate cut. Globally, markets are reacting to fluctuating oil prices and evolving trade dynamics.
Angel One has reported a 23.4% YoY decline in Average Daily Orders for May 2025. Despite lower trading volumes and Gross Client Acquisition, the client base grew 34.1%. Notable gains came in cash and commodity turnover, while the company’s retail market share in options increased.
Demand for 30-year Japanese government bonds dipped to its lowest point since December 2023 during Thursday{sin-quite}s sale. The bid-to-cover ratio, a key indicator of demand, decreased to 2.921. This is a drop from 3.074 recorded at the previous sale in May. The December 2023 auction saw an even lower ratio of 2.
Mid-cap companies have surprisingly outperformed large and small-cap firms in Q4, showcasing robust profit growth across sectors like metals, public sector banks, and EMS. While valuations are stretched, experts suggest that continued earnings momentum and stock-picking discipline can keep mid-caps attractive, especially for investors with a longer-term horizon.
Gland Pharma shares will be in focus after its subsidiary Cenexi received 11 observations from France’s ANSM following a GMP inspection at its Fontenay facility. The company clarified that operations remain unaffected and a CAPA plan has been accepted. Gland Pharma shares have risen 16% in a month, though the stock is still down 43% over three years.
Power Grid shares: Power Grid Corporation of India acquired MEL Power Transmission for approximately Rs 8.53 crore through the TBCB route. This acquisition, completed on June 4, involves a 100% equity takeover to develop a transmission system for power evacuation from Mahan Energen Limited in Madhya Pradesh. The project includes a 400kV double-circuit transmission line and associated infrastructure.
Hindustan Aeronautics (HAL) shares will be in focus after the company dismissed a media report claiming stalled talks with GE over local production of GE414 engines. HAL called the report “factually incorrect and misleading,” reaffirming that negotiations are on track and it is not in talks with any other engine manufacturer for the LCA Mk2 programme.
Waaree Energies Shares: Waaree Energies will sell 4.76 lakh shares of Indosolar Ltd via OFS on June 5–6 to meet public shareholding norms. The floor price is set at Rs 10. Waaree, a leading solar firm, recently secured $176 million for U.S. projects. Its stock has risen 36.6% in three months and trades above key technical levels.
Emkay Wealth Management{sin-quite}s Dr. Joseph Thomas anticipates a potential RBI rate cut in 2025 amid controlled inflation and growth imperatives. He navigates global volatility from tariff tensions and US bond yield fluctuations, highlighting India{sin-quite}s improving earnings and IPO surge. Opportunities exist for long-term investors in SMIDs, infrastructure, PSU equities, consumer discretionary, healthcare, technology, and utilities sectors.
Edelweiss Mutual Fund maintains low cash levels, believing in stock picking over market timing. Radhika Gupta highlights SIPs as a reliable investment strategy. Smallcap returns have recovered, but earnings growth is crucial. The firm avoids taking cash calls in equity funds, focusing on sector selection. Gupta advises a balanced asset allocation with fixed income, gold, and international funds.
Carlyle Group’s CA Basque Investments sold a 2.62% stake, reducing its holding to 4.22%. Separately, YES Bank approved a fundraising plan of up to Rs 16,000 crore through equity and debt instruments, with a 10% dilution cap, to support growth initiatives.
REC Share Price: The REC board has approved a Rs 1.55 lakh crore fundraising plan through bonds and proposed the strike-off of Rajgarh III Power Transmission Ltd, a project-specific SPV. The decision to dissolve the SPV comes after the government de-notified the associated project.
Nilesh Shetty of Quantum Advisors remains cautious despite the recent market rally, citing a disconnect between valuations and earnings growth. While favoring private sector banks and insurance due to attractive valuations, Quantum also sees long-term potential in IT services. Shetty is avoiding consumer staples and capital goods, deeming their valuations unsustainable given the latter{sin-quite}s cyclical nature.
Shares of Garden Reach Shipbuilders and Engineers (GRSE) surged 10% after signing an MoU with Norway’s Kongsberg for India’s first Polar Research Vessel. The deal marks a significant boost for GRSE amid its ongoing defence shipbuilding projects, including the Navy’s Next Generation Corvettes order.
Indian government bond prices remained relatively stable as traders anticipate the Reserve Bank of India{sin-quite}s upcoming policy decision. Expectations are high for a 25 basis point rate cut, although some suggest a more aggressive 50 bps reduction to stimulate credit growth. Despite foreign investors selling bonds, optimism remains for future inflows once tariff uncertainties subside.
JM Financial reaffirms a buy call on Campus Activewear, setting a target price of Rs 340, anticipating growth driven by channel expansion, supply chain improvements, and brand building. The company{sin-quite}s Q4 FY25 standalone total income was Rs 411 crore, reflecting a year-on-year increase, with a reported net profit after tax of Rs 35.03 crore. Promoters hold a significant 72.14% stake.
Market expert Sunil Subramaniam believes the US-India bilateral trade agreement (BTA) is the key international trigger for the market{sin-quite}s next rally. While domestic mutual funds have provided support, a significant market surge depends on the return of foreign institutional investors (FIIs) following a successful BTA conclusion after July 9th.
ICICI Securities has upgraded Bosch to Hold, revising the target price to Rs 30000. The upgrade is supported by Bosch India{sin-quite}s Q4FY25 performance, with revenue growth driven by the mobility segment and stable EBITDA margins. Technological and regulatory changes are expected to increase the company{sin-quite}s content per vehicle in the medium to long term.
YES Bank{sin-quite}s board has approved a fundraising plan of up to Rs 16,000 crore for FY26, involving both equity and debt instruments across domestic and international markets. As part of its partnership with SMBC, YES Bank will amend its Articles of Association to facilitate SMBC{sin-quite}s increased stake.
Brokerage firm Motilal Oswal said that more than half of Nifty constituents are trading at a premium to their 10-year historical valuation multiples. As of May-end 2025, the Nifty climbed for the third straight month, closing 1.7% higher at 24,751. Despite volatility, the market showed strength with midcaps and smallcaps outperforming large-caps over various time frames. Among the gainers, five stocks are trading over 50% above their long-term average valuations.
Zinka Logistics shares: Quick Routes International, an early and significant investor in Zinka Logistics, fully exited its position on Tuesday by offloading its entire 9.01% stake through two bulk deals worth Rs 672 crore. NSE data shows that the investor sold more than 1.59 crore shares at prices ranging from Rs 420.06 to Rs 420.25 each.
Stock Market Today: Indian equity markets traded higher on Wednesday, mirroring positive global cues driven by optimism surrounding potential US-China trade talks. Sensex and Nifty both experienced gains in early trading. Asian markets also showed positive momentum, influenced by overnight gains on Wall Street and developments in South Korea. However, FIIs continued selling, while DIIs remained net buyers.
Nvidia has once again emerged as the most valuable publicly traded company around the world after surpassing Microsoft in market capitalisation on Tuesday, June 3. The US chipmaker{sin-quite}s shares jumped nearly 3% to reach $141.4 apiece on Tuesday. In the past month, shares of the company have rallied around 24%, despite tariff concerns and export control, CNBC reported.
Amidst Nifty{sin-quite}s surge, Indian company promoters offloaded shares worth ₹43,400 crore in May, coinciding with significant investments from FIIs and DIIs. High-profile exits by figures like Rakesh Gangwal and British American Tobacco raise concerns about insider sentiment at high valuations. Experts suggest liquidity dynamics and individual circumstances drive sales, advising caution despite market optimism.
Morgan Stanley{sin-quite}s Chetan Ahya highlights India{sin-quite}s growing advantage over China due to tariff differences. American companies are considering increased imports from India. Government policies are significantly boosting manufacturing and exports. Electronics manufacturing is expanding beyond mobile phones. Infrastructure development will further strengthen India{sin-quite}s manufacturing exports. Optimism in Indian equity markets aligns with positive economic fundamentals.
Hyundai and Kia exited the Ola Electric via block deals worth Rs 690 crore, with Citigroup emerging as a key buyer. The stock dropped over 8% after the transaction on Tuesday, adding to its ongoing decline. The exit follows weak Q4 results and widening losses, even as Ola reaffirms its path to profitability in FY26.
Indian markets are expected to open higher on Wednesday, buoyed by positive global cues. Nifty futures fell 0.69% on Tuesday, closing at 24,654, while India VIX dropped over 3%. Technical indicators suggest resistance at 24,750–24,850 and support at 24,200. A Bearish Engulfing pattern on the Sensex signals caution. Experts recommend stocks like Bharat Forge, Saregama, and Metropolis for short-term trades.
Amid market volatility fueled by global factors like dollar strength and geopolitical tensions, Anirudh Garg of INVasset PMS offers insights on navigating Dalal Street. He suggests tactical portfolio shifts, highlighting opportunities in sectors like textiles, financials, and defence. Garg emphasizes a data-driven approach to managing risk and uncovering long-term value in a dynamic market.
Morgan Stanley{sin-quite}s Chetan Ahya anticipates further disinflation in India and the region due to declining oil prices and a strengthening rupee, enabling the Reserve Bank of India to implement more significant rate cuts. India and Australia are seen as relatively insulated from global shocks, with India benefiting from strong domestic demand and resilient service exports.
Last week{sin-quite}s market saw range-bound movement amid Q4 earnings and global cues, with mid and small caps outperforming. Defence stocks are strong, while banking remains an FII favorite despite governance concerns. Investors should adopt a {sin-quite}buy on dips, sell on rally{sin-quite} strategy, closely monitoring monsoon progress and US policy for near-term triggers, with key Nifty support at 24,750.
Flipkart Investments Private Limited divested its 6% stake in Aditya Birla Fashion & Retail. The sale occurred in a bulk deal for Rs 582 crore. Following this, ABFRL{sin-quite}s stock experienced a 9% drop. Goldman Sachs managed the transaction. Aditya Birla Fashion & Retail had recently demerged its Madura Fashion & Lifestyle business.
Bitcoin is stable above $105,000, while Ethereum jumps 5% amid positive altcoin sentiment. Market capitalization increases to $3.31 trillion, with institutional interest remaining strong through strategic purchases. Analysts suggest potential Bitcoin reversal points, influenced by upcoming U.S. macroeconomic data, as both Bitcoin and Ethereum consolidate on daily charts.
Aequs, an Indian contract manufacturer for aerospace and consumer goods, has confidentially filed draft papers with SEBI to raise approximately USD 200 million through an IPO. The offering includes both fresh equity shares and an Offer For Sale component. Kotak Mahindra Capital, JM Financial, and IIFL Capital will manage the IPO.
United Spirits shares: JP Morgan upgraded United Spirits due to increased confidence in the company’s earnings growth outlook, supported by stronger margin visibility and favorable regulatory developments. The brokerage raised its EBITDA estimates by 3% for FY26 and 7% for FY27, highlighting an improved growth trajectory in the Prestige & Above segment.
Kotak Institutional Equities suggests rising US bond yields reflect domestic fiscal concerns rather than growth optimism. A weakening US dollar, however, poses broader global risks, potentially reshaping investment strategies and capital flows. While US yields may be a localized issue, a declining dollar index could trigger asset repricing and influence financial stability worldwide, but India seems insulated.
Europe is significantly increasing defence spending due to exclusion from US-Russia peace talks, potentially adding $370 billion in investment. The NATO summit aims for 3.5% of GDP on defense, signaling a decade of hard power investment. Commercial aerospace faces macroeconomic challenges like tariffs, but demand and supply chain performance are generally positive, indicating a healthy outlook.
India’s banking sector saw a mixed Q4FY25, with private banks lagging and small/mid-sized banks outperforming. ICICI and HDFC Bank posted healthy profits, while SBI and Kotak disappointed. Public sector banks reported strong PAT growth. Analysts expect double-digit earnings growth in FY26, with multiple brokerage buy calls on leading banks like HDFC Bank, ICICI Bank and SBI.
Morgan Stanley{sin-quite}s Ridham Desai highlights that while US tariffs are a concern, the slowdown in US immigration is a significant factor impacting growth. Reduced immigration could lead to wage inflation and supply-side challenges. Desai anticipates slower US growth and a reluctant Federal Reserve.
Goldman Sachs has added Reliance Industries to its Asia Pacific Conviction List, anticipating a significant boost in earnings and valuation. The brokerage highlights improved refining fundamentals, a retail turnaround, and a potential telecom tariff hike as key catalysts. With a 12-month price target of Rs 1,660, Goldman Sachs sees a favorable risk-reward for Reliance shares.
Morgan Stanley{sin-quite}s Ridham Desai believes Indian equities are reasonably priced, despite foreign investors being underweight due to perceived high PE multiples. He highlights India{sin-quite}s macro stability and growth amidst a challenging global environment, describing it as an "oasis in a desert.
An auction of Japanese government bonds saw strong demand. The 10-year bonds attracted significant interest from investors. The bid-to-cover ratio reached its highest point since April 2024. This indicates a substantial increase in demand compared to the previous sale in May. The auction highlights renewed confidence in Japanese government debt. The results suggest a positive outlook for the Japanese economy.
Japanese government bond yields experienced a drop. This followed an auction of 10-year securities. The auction saw the highest demand since April of the previous year. The 10-year yield decreased by 3 basis points. Mizuho strategist Shoki Omori described the auction results as remarkably robust. The bid-to-cover ratio also increased significantly from the previous sale.
Indian government bonds saw limited movement early Tuesday. Investors are watching for state debt supply later today. The Reserve Bank of India{sin-quite}s monetary policy decision is due this week. GDP growth exceeded expectations. The central bank is expected to cut rates. Liquidity surplus is supporting the market. States are set to sell bonds worth 294 billion rupees.
The Nifty Bank index crossed the 56,000 mark for the first time on Tuesday, driven by gains in select lenders ahead of an anticipated RBI rate cut. However, the index gave up early gains amid profit-booking and weakness in heavyweight banks. While smaller lenders saw buying interest, ICICI Bank, Axis Bank, and Kotak Mahindra Bank dragged the index lower.
Market expert Nischal Maheshwari views the reduction in palm oil duty as positive for the FMCG sector. However, weak volume growth remains a concern. Zepto faces regulatory hurdles amidst fierce competition in the quick commerce space. Maheshwari believes this is a temporary setback for Zepto. He emphasizes the need for Zepto to strengthen its systems and procedures for future growth.
ICICI Securities maintains a Buy call on Suzlon Energy, raising the target price to Rs 76. The company reported strong Q4FY25 results with a 73% YoY revenue increase and improved EBITDA margins. Fueled by robust order inflows and a substantial order book, Suzlon is well-positioned to capitalize on growth opportunities, prompting the positive outlook.
Deepak Shenoy suggests a domestic focus in fund flows, influenced by tariff uncertainties and strong results. Despite potential short-term tariff impacts, manufacturing, financialization, and defense sectors show promise. India{sin-quite}s under-financialized market presents significant growth potential for organized financial industries, driven by increasing inflows and regulatory fortification, making it a structurally sound investment.
India{sin-quite}s top 500 companies achieved a record-breaking ₹15 lakh crore in net profit in FY25, driven by strong performances in agriculture, chemicals, and telecom, despite widespread earnings downgrades. While FY26 earnings forecasts have been revised downward, analysts remain optimistic about sectors like defence and telecom, anticipating continued growth and resilience in the face of economic uncertainties.
Ola Block Deal News: Ola Electric Mobility shares faced a decline after a significant block deal. Approximately 3.2% of equity changed hands. This transaction occurred amidst ongoing worries about the company{sin-quite}s financial health. Hyundai is reportedly the seller. The stock has experienced sustained selling pressure recently. Weak Q4 earnings also contributed to the downturn.
JM Financial has a buy call on Samvardhana Motherson International, setting a target price of Rs 170, anticipating a rise from the current Rs 152.4. Despite a slight dip in EBITDA margin in Q4FY25 due to specific challenges, the brokerage expects revenue and EPS to grow significantly, driven by global presence and expanding product portfolio.
China criticised the U.S. on Monday over moves it alleged harmed Chinese interests, including issuing AI chip export control guidelines, stopping the sale of chip design software to China, and planning to revoke Chinese student visas.
Sensex today: Indian markets opened lower due to global trade tension concerns, overshadowing optimism for a potential RBI rate cut. Sensex and Nifty experienced declines, with Adani Ports among the top losers following a report of a US investigation into Iranian LPG imports. Rate-sensitive sectors showed mixed performance ahead of the RBI{sin-quite}s policy decision.
Indian stock markets are not overvalued given low inflation, economic growth prospects, and rising domestic capital deployment, according to Morgan Stanley India{sin-quite}s Managing Director Ridham Desai.
ICICI Securities adjusts Bajaj Auto{sin-quite}s rating. The new target price is Rs 9,900. International demand fuels growth. Export volume is expected to rise. Domestic two-wheeler industry growth is projected. Bajaj Auto aims to outperform. Three-wheeler volume looks promising. Raw material costs may affect margins. Valuations are currently rich. Promoters hold a significant stake. FIIs and DIIs also have holdings.
Yes Bank Share Price: Board will meet on June 3 to discuss fundraising options. The stock surged 8% on Monday amid speculation of a potential takeover by SMBC, though the bank has denied such discussions. The board may consider equity, debt, or other instruments to raise capital as part of its growth and recovery strategy.
Biocon shares are in focus as the company has received regulatory approval from the Central Drugs Standard Control Organisation for its diabetes drug, Liraglutide, in India. The approval is for a generic version of Victoza. Biocon shares have shown mixed performance recently. The stock closed flat on Monday. The CDSCO clearance came under the expedited 101 route.
Sonam Srivastava of Wright Research suggests a cautiously optimistic outlook for the market, highlighting the strength in small and mid-cap stocks. She recommends focusing on sectors like industrials, capital goods, and consumption, while advising a balanced approach to investing. Investors should gradually build positions in high-quality stocks, considering diversification and a core-satellite approach for new entrants.
Rohit Beri of ArthAlpha Investment Advisors presents a bullish outlook on Indian equities, projecting a $10 trillion market capitalization by 2030. He advises investors to remain cautious amid current market volatility, focusing on sectors like capital goods, infrastructure, and renewables for long-term growth. For high-net-worth individuals, he recommends a strategy balancing capital preservation, growth, and tactical agility.
ICICI Securities maintains a Buy call on Life Insurance Corporation of India (LIC) with a target price of Rs 1,040, citing valuations based on FY27E EV. The brokerage anticipates growth in APE and VNB margin, expecting a core RoEV of approximately 10.4% for FY26E/27E. LIC{sin-quite}s embedded value shows sensitivity to equity levels and reference rates.
ITC shares will be in focus after GQG Partners raised its stake to 5.47% via a bulk deal on May 28, following British American Tobacco’s 2.5% stake sale. GQG acquired an additional 0.51%, reaffirming strong institutional interest. BAT, ITC’s largest shareholder, trimmed its holding to 22.9% to fund a £1.1 billion share buyback programme.
NSE is trying to change the expiration for listed derivative contracts from Thursday to Tuesday — a day traditionally dominated by its smaller bourse BSE. A shift could help NSE regain market share from its rival, which has benefited after the capital markets regulator{sin-quite}s curbs on trading hit NSE’s most popular options, prompting traders to seek alternatives at the BSE.
Nisus Finance is expanding its urban infrastructure finance operations in India and the UAE. The company aims for Rs 4,000 crore in AUM by FY26. They are leveraging opportunities in both markets, including the newly listed REITs in the UAE. Nisus Finance is focusing on fund and asset management to drive future revenue growth.
HSBC has reaffirmed its {sin-quite}buy{sin-quite} rating for Apollo Hospitals Enterprise Ltd., raising the target price by 17% to Rs 8,090 following the hospital{sin-quite}s strong fourth-quarter results. Apollo Hospitals reported a 53.5% increase in net profit last Friday.
Bajaj Auto maintains a 20% margin for six quarters. The company focuses on the bottom line through strategic initiatives. Expansion in Africa may affect EV business margins. The EV sector contributes 21% to domestic revenue. Rakesh Sharma expects 5-6% industry growth, driven by the 125cc plus segment. Latin America performs well.
Based on data from SBI Securities, this list highlights companies that have consistently rewarded shareholders with dividends over the past three years—covering FY22, FY23, and FY24. The dividend yield is calculated using the closing prices as of 30th May 2025. Here{sin-quite}s the list:
A WSJ report claimed US prosecutors are investigating alleged Iranian LPG imports via the Mundra port. The group denied all allegations, calling the report baseless and stating strict adherence to sanctions and compliance policies. The US Justice Department is reviewing tanker activities linked to Adani Enterprises amid ongoing trade tension concerns.
In the Nifty500 pack, five stocks that witnessed a 5-year swing high at the close on June 2, suggesting bullishness in counters, according to stockedge.com{sin-quite}s technical scan data.
Brokerages remain optimistic on select stocks across sectors, issuing fresh Buy calls with revised target prices reflecting strong upside potential. We have collated stocks from various experts for traders who have a short-term trading horizon for the next 12 months:
US states and small businesses that won a ruling that most of President Donald Trump’s global tariffs are illegal want them blocked during the administration’s appeal, saying they’re suffering immediate harm from economic uncertainty around the levies.
The IPO consisted solely of a fresh issue totalling 27.90 lakh shares. The funds raised will support a range of expansion initiatives, such as securing registration in Bolivia, establishing an export-focused ointment manufacturing facility, investing in advertising and technology enhancements, meeting working capital needs, and addressing general corporate requirements.
Blue Water Logistics debuted on the NSE SME platform on Tuesday after a successful IPO that was oversubscribed nine times. The IPO, which aimed to raise ₹42.99 crore, saw its shares offered at ₹135 each.
Coforge will split its shares. Trading will begin on an ex-split basis from June 4, 2025. June 3 is the last day to purchase shares to be eligible for the 1:5 stock split. Shareholders as of the record date will receive subdivided shares. This is Coforge{sin-quite}s first stock split.
Nikita Papers{sin-quite} shares debuted on the NSE SME exchange at Rs 90, a 14% discount from the IPO price of Rs 104. The IPO, featuring 64.94 lakh fresh shares, saw lukewarm demand. Proceeds will fund equipment upgrades and expansion. In FY24, the company reported revenue of Rs 346.78 crore and a net profit of Rs 16.
The shares of Niva Bupa Health Insurance Co. hit a nearly one-month low on Monday after multiple block deals. The stock fell nearly 12% as 5.17 crore shares changed hands in multiple block deals worth Rs 436 crore on the National Stock Exchange.
Global markets tumble as Sensex and Nifty drop, fueled by foreign fund outflows and trade concerns, impacting investors’ sentiment
Reliance Power shares: Reliance Power{sin-quite}s recent gains follow its May 28 announcement that subsidiary Reliance NU Energies received a Letter of Award from SJVN for a 350 MW ISTS-connected solar project, along with a 175 MW/700 MWh battery storage system.
Rajesh Palviya of Axis Securities sees potential Bank Nifty breakout above 55,800. This could lead to new highs, fueled by PSU bank accumulation. Nifty and Bank Nifty rollovers are high. A Nifty breakout above 24,900 could trigger a rally to 25,200. BSE, IndiGo, and Bharti Hexacom are strong. BSE could reach 2800-2900. IndiGo may hit new highs above 5400-5450.
The rupee saw gains against the US dollar due to positive economic data and expectations surrounding the Reserve Bank of India{sin-quite}s monetary policy. Strong GDP growth and GST collections support this. However, volatile stock markets, foreign fund outflows, and rising crude oil prices create headwinds. The RBI{sin-quite}s policy decision and PMI data are keenly awaited by the market.
Indian stock markets experienced a significant decline on Monday. Sensex and Nifty both traded lower. Selling pressure in metal and IT stocks contributed to the downturn. This weakness overshadowed India{sin-quite}s strong GDP growth figures. Global cues remained mixed. Investors grew cautious before key U.S. macroeconomic data releases. Broader markets also faced pressure, with small-cap and mid-cap indices slipping.
Indian government bond yields edged lower as the market anticipates a rate cut from the Reserve Bank of India. The yield on the benchmark 10-year bond decreased to 6.2132%. This movement follows unexpected growth data that caused fluctuations on Friday. The RBI{sin-quite}s policy decision is expected on June 6, with a likely 25-basis-point rate cut.
Foreign investors are returning to Indian stocks, spurred by $5.5 billion in block trades in May, the highest in almost a year. This influx follows a significant outflow and is driven by attractive valuations and India{sin-quite}s strong economic performance. Interest is particularly strong in banking, telecommunications, and diversified conglomerates, signaling renewed confidence in the Indian equities market.
The Q4 earnings season concluded with positive results. Many companies exceeded market expectations. Cement, FMCG, construction, and engineering sectors performed well. Defence companies like Mazagon Dock disappointed due to valuation concerns. Suzlon, a wind energy company, showed strong performance. UltraTech Cement{sin-quite}s results were better than expected. Bharat Electronics is expected to have a re-rating soon.
ICICI Securities maintains a Buy call on Akums Drugs & Pharmaceuticals, setting a target price of Rs 710. The company reported a consolidated total income of Rs 1073.09 crore for the quarter ended March 31, 2025, reflecting year-over-year growth. Akums is expected to demonstrate strong revenue, EBITDA, and PAT CAGR growth over the next few years.
Indian equities tumbled in early trade as renewed tariff threats from US President Donald Trump dampened investor sentiments. Sensex tanked over 700 points to 80,688 points this morning, marking a steep fall during the earnings season. Nifty fell more than 200 points to 24,538 points.
Niva Bupa shares: ETNOW had reported that Fettle Tone LLP, an investment arm of True North, was likely to offload up to 122 million shares, representing about 6.7% of Niva Bupa’s equity. Additionally, CEO Krishnan Ramachandran was expected to sell around 10 million shares, or 0.5% of the company’s stake. The shares were priced at ₹82 each, valuing the total deal at approximately ₹1,082 crore.
JM Financial maintains a Buy call on EPACK Durables, revising the target price to Rs 460. The company reported a strong Q4 with a 36% YoY increase in PAT. EPACK Durables is expanding capacity with a significant investment, expecting to outgrow the industry through customer diversification, including a partnership with Hisense, with ODM manufacturing already underway.
Smallcap stocks are experiencing a resurgence, mirroring the gains seen in 2024, with the BSE Smallcap Index significantly outperforming the Nifty. While economic recovery and liquidity inflows fuel this rally, experts caution about stretched valuations and the need for selective stock picking based on strong fundamentals.
The Indian market is expected to consolidate with a positive bias on Monday amid mixed global cues. Nifty futures closed lower at 24,852 on Friday, while India VIX dropped over 2%. Analysts suggest a broader trading range of 24,300–25,300. Key levels to watch are 24,800 for upside momentum and 24,444 on the downside. Experts recommend stocks like Paytm, Swiggy, and Bajaj Finserv.
HDFC Securities suggests selling Metro Brands shares, setting a target price of Rs 925. Metro Brands, a large-cap leather company, reported a slight dip in quarterly revenue but an increase compared to last year. Despite demand recovery signs and e-commerce growth, HDFC Securities anticipates lower other income, leading to reduced earnings estimates. Promoters hold a significant stake in the company.
The stock rose even as the telecom firm reported a net loss of Rs 7,166 crore during the January-March quarter, compared to Rs 6,609 crore. Its consolidated revenue for the quarter fell 1% to Rs 11,013 crore, compared to Rs 11,117 crore in the previous quarter.
The U.S. announced it will double tariffs on metal imports to 50% from June 4, 2025. The move affects key exporters like Tata Steel, JSW Steel, Hindalco, and NALCO, potentially denting India’s $4.56 billion metal exports to the U.S. under Section 232 of U.S. trade law.
The Indian rupee is underperforming in emerging Asia due to the RBI{sin-quite}s focus on preventing foreign-exchange reserve depletion. With substantial dollar repayments due, the central bank may need to purchase dollars, potentially weakening the rupee to 86.50-87.50 per dollar. While the RBI aims for a market-determined trading regime, it{sin-quite}s expected to replenish FX buffers, impacting the rupee{sin-quite}s performance.
Mahindra & Mahindra posted a 17% YoY rise in May vehicle sales to 84,110 units. Utility vehicle sales grew 21% to 52,431 units, while total tractor sales rose to 40,643 units. Strong demand, monsoon forecasts, and farm policy support are expected to sustain growth momentum across its automotive and farm segments.
Maruti Suzuki reported a 3.16% YoY rise in total sales for May 2025 at 1,80,077 units. Domestic sales rose 5.45%, while exports jumped to 31,219 units. However, domestic passenger vehicle sales fell 5.6%. Utility vehicle and van sales showed YoY growth, partly offsetting declines in other segments.
The Income Tax Department has raised a demand of over Rs 2,395 crore linked to Dr Reddy’s Labs{sin-quite} past merger. The company asserts full compliance with tax laws and says there’s no material financial impact.
The Indian rupee opened 4 paise stronger against the US dollar on Monday, in comparison to its previous close of 85.54 on Friday. This slight appreciation comes amid various global and domestic economic factors influencing the currency markets.
Kotak Manufacture in India Fund is capitalizing on India{sin-quite}s industrial growth, fueled by supportive policies and rising capital expenditure. The fund, employing a diversified, market cap-agnostic approach, has delivered a CAGR of around 22% in the last three years.
Sandip Raichura of PL Capital Group anticipates near-term market pressure amid global uncertainties, but remains optimistic about Indian equities due to structural and cyclical factors. He highlights Auto, QSR, and Defence as promising sectors. Raichura advises HNIs to favor large-cap stocks and longer tenor bond funds, while suggesting gold remains a valuable portfolio component despite its recent surge.
India{sin-quite}s economic activity continued to improve, with the GDP growth rate rising to a four-quarter high of 7.4% in the January-March period. This was compared to a revised estimate of 6.4% for the October-December quarter. Leading brokerages including UBS, Morgan Stanley, BofA and Goldman Sachs among others have given stable outlook for the year ahead, while noting that capex growth led to higher...
Ircon secured a Rs 1,068.3 crore EPC contract from East Central Railway for a major rail bridge project across the Ganga. Earlier in May, the company bagged a Rs 187 crore order from Kerala State IT Infrastructure (KSITIL) for the construction of a rural industrial park in Thiruvananthapuram.
InterGlobe Aviation, parent of IndiGo, has signed an MoU with Airbus to convert 30 purchase rights into firm orders for A350-900 aircraft, doubling its April 2024 order to 60 jets. Deliveries begin in 2027. The move supports IndiGo{sin-quite}s global expansion plans, as it ramps up its long-haul capabilities and positions for a stronger presence in international aviation markets.
Jefferies has reaffirmed its ‘Buy’ rating and raised the target price to Rs 1,700, citing credible financial year 2026 pre-sales guidance of Rs 27,000 crore — a 60% year-on-year jump. This is supported by strong first-quarter momentum in this fiscal, with over 45% of the full-year guidance already met through large launches in Mumbai and Bangalore.
Government and household spending are currently fueling infrastructure growth, while private capital expenditure remains sluggish due to low capacity utilization and policy uncertainty. Infrastructure providers linked to government projects in power, defence, and railways are expected to thrive. The focus should be on import substitution to boost domestic production, as large-scale private investment is still pending.
The Centre on Friday reduced the basic custom duty on crude palm oil, crude soyabean oil and crude sunflower oil to 10%, a move aimed at bringing down the retail prices of cooking oils and protecting domestic processors.
Elon Musk was using drugs more heavily than previously known while on the campaign trail to help elect Donald Trump president, worrying some people close to the mercurial billionaire, the New York Times reported.
Amazon.com Inc.’s cloud services chief says the company is aggressively expanding server farms globally and looking to boost access to the latest artificial intelligence chips from Nvidia Corp.
Jamie Dimon warned that a crack in the bond market is “going to happen” after the US government and Federal Reserve “massively overdid” spending and quantitative easing.
Praveen Kutty leads DCB Bank. He uses soccer principles in his management style. Kutty emphasizes teamwork and strategic thinking. He believes in identifying individual strengths. He promotes quick decision-making. Kutty fosters ownership among employees. He encourages a team-first mindset. He values collective effort over individual brilliance. Kutty highlights the importance of resilience and consistency in both sports and business.
Warren Buffett advises investors to adjust their investment approach. Investors should align their risk tolerance with market realities. Many investors with stable finances still shy away from equities due to discomfort with market volatility. The author suggests investors educate themselves about equities and gain experience through small investments. This helps build resilience and make informed decisions.
India{sin-quite}s power sector is poised for sustained growth, driven by renewable energy expansion and resilient coal production, despite a slight dip in electricity demand. Capacity additions surged in FY25, primarily fueled by solar energy, while thermal capacity saw a decline.
The Indian government has introduced a new rule for the engineering, procurement and construction (EPC) sector to make infrastructure projects stronger and more reliable. This rule changes how companies bid for projects like roads and bridges.
Auto sales largely saw continued momentum in May and growth in segments like two-wheelers and tractors. Scooter sales have been outperforming motorcycles and that will augur well for TVS Motor Co.
Federal Reserve Bank of San Francisco President Mary Daly said she was still comfortable with projections the Fed released in March showing officials expect to lower interest rates twice before the end of the year. “We want to keep the policy rate modestly restrictive for now until we are sure that inflation is going to hit that 2% target,” Daly said Friday during an interview with Fox Business.
Artificial intelligence is experiencing a period of meteoric acceleration. Scarcely a week passes without fresh demonstrations of its expanding capabilities, as giants like OpenAI, Meta, Google, Anthropic and Microsoft unveil deeper integrations of their AI models, each flaunting ever more advanced capabilities.
Wall Street faces challenges due to Donald Trump{sin-quite}s unpredictable policies. Macro hedge funds are experiencing their worst start in two decades. Market narratives shift rapidly, causing confusion among traders. Despite initial fears, the S&P 500 shows gains. Experts advise caution and a slower, steadier approach to trading. Retail investors who stayed invested are seeing positive results.
Morgan Stanley predicts a continued rally for emerging-market assets through the year, tempered by global economic deceleration and US policy ambiguity. Despite uncertainties, local-currency bonds are expected to benefit from declining US Treasury yields, potentially enabling central banks to implement rate cuts without significant currency concerns.
JPMorgan Chase CEO Jamie Dimon advocates for taxing carried interest, aligning with Donald Trump{sin-quite}s efforts to close the loophole benefiting private market investors. Dimon suggests using the additional revenue to double income tax credits, benefiting communities and families. He also cautioned about a potential "crack in the bond market" due to government overspending and quantitative easing.
Global markets brace for a busy week. Investors will closely watch the United States jobs report. The European Central Bank is expected to decide on interest rates. Major oil producers will discuss output. Trade tensions and tariff rulings add uncertainty. Emerging Asian economies{sin-quite} inflation data will be released. Australia will share its first-quarter growth data.
US markets are nearing record highs, influenced by economic data and trade policies. Tax and spending legislation are under consideration. Donald Trump plans to negotiate the tax bill. The Senate will review the bill passed by the House. Trade war developments continue to impact global markets. Investors await the US employment report.
The S&P 500 concluded a turbulent session with minimal change as President Trump{sin-quite}s remarks on China caused market fluctuations. Despite initial losses triggered by trade concerns, positive earnings and inflation data contributed to the S&P 500{sin-quite}s rebound, achieving its largest monthly gain since November 2023. Investors are closely monitoring tariff developments and anticipating potential Federal Reserve interest rate cuts.
The Indian rupee experienced a decline in May, becoming the worst-performing Asian currency due to tariff uncertainties, border tensions, and expectations of monetary easing. The rupee weakened by 1.27%, closing at 85.57/$1. While lower inflation and growth prospects offered some support, global economic factors and potential shifts in US monetary policy could further weaken the currency.
Ola Electric{sin-quite}s shares plunged following disappointing Q4 results, with Kotak downgrading the stock due to weaker volumes and rising warranty costs. Losses widened, and revenue declined amid intensifying competition from TVS and Bajaj Auto. While Goldman Sachs remains bullish, citing growth potential, analysts advise caution, awaiting financial performance improvements and resolution of consumer concerns.
Suzlon Energy{sin-quite}s shares experienced a significant surge. This followed the company{sin-quite}s report of a fourfold profit increase for the March quarter. The company{sin-quite}s market capitalization briefly crossed ₹1 lakh crore. Analysts have raised their stock price targets. Revenues grew substantially, driven by increased wind turbine generator deliveries.
Several Indian travel and hospitality companies are planning initial public offerings. Oyo, Pride Hotels Group, and LaRiSa Hotels & Resorts are among them. Lemon Tree Hotels will list Fleur Hotels in two years. The Leela Palaces, Hotels and Resorts, concluded its IPO in May. Prestige Hospitality and Travel Food Services have also initiated IPO processes.
Unifi Mutual Fund has announced that it is extending the new fund offer (NFO) period of its flexi cap fund till Jun. 2. The Unifi Flexi Cap Fund was earlier supposed to close on May 30. Unifi communicated the extension to its subscribers via an addendum on its official website.
Market expert Sandip Sabharwal suggests investors who missed the April rally shouldn{sin-quite}t regret it. Despite initial negative forecasts, March quarter earnings grew by 12.7%, exceeding expectations. Sabharwal advises caution regarding a potential India-China issue involving rare earth magnets, which could disrupt EV and traditional industries. He is positive on Bajaj Auto, recommending gradual accumulation if the stock dips.
Birlasoft shares dropped after weak Q4 FY25 results, marked by revenue declines and muted growth outlook. Nuvama cut its target price, citing project ramp-downs and soft deal wins. Despite margin gains from efficiencies, growth remains uncertain. Leadership changes and segment focus are yet to show tangible improvement.
India{sin-quite}s financial landscape has evolved significantly, making the old restrictions on acquisition financing by banks outdated. Lifting these restrictions would allow Indian banks to participate in the growing M&A market, fostering transparency and boosting the competitiveness of Indian companies. This move aligns with the country{sin-quite}s economic progress and strengthens its position in the global arena.
Gold price today: Despite high volatility, analysts expect gold prices to surge to ₹1,10,000 per 10 grams within a year, citing its historical track record of delivering strong returns to investors.
Samvardhana Motherson{sin-quite}s shares surged following a robust Q4FY25 performance, marked by a 20% YoY increase in net profit, reaching Rs 1,050.5 crore. The company announced a 1:2 bonus issue and a final dividend of Rs 0.35 per share. Additionally, the board approved raising up to Rs 8,500 crore through NCDs, with FY25 net profit soaring 40% to Rs 3,803.02 crore.
The Finance Ministry recommended exempting sub-Rs 2 lakh gold loans from the RBI’s draft rules. The move aims to protect small borrowers and ease compliance for NBFCs. The ministry also proposed deferring implementation to January 2026, offering relief to lenders reliant on gold-backed loans, especially in rural and semi-urban markets.
Rajeev Agrawal of DoorDarshi India Fund suggests that while Indian markets are rising due to strong FPI inflows and positive macroeconomic indicators like PMI and decreasing interest rates, the market isn{sin-quite}t cheap. He recommends rotating portfolios by selling expensive names and investing in financials, particularly NBFCs and capital market players.
Sebi has barred Arshad Warsi, Maria Goretti, and 57 entities from the securities market for 1-5 years due to misleading videos promoting Sadhna Broadcast shares. The regulator imposed fines and directed disgorgement of unlawful gains worth Rs 58.01 crore. The scheme involved inflating the stock price through collusive trading and promotional videos to lure investors before a coordinated sell-off.
Alkem Laboratories shares fell 5% after Q4FY25 results showed a modest 4.2% profit rise to Rs 306 crore and margin contraction to 12.4%. While Jefferies downgraded the target to Rs 4,460 citing weak margins, Nomura maintained a ‘Buy’ with a Rs 5,430 target. The company expects high single-digit revenue growth in FY26 and rising tax rates in FY27.
Arnab Das of Invesco analyses the US GDP dip. He attributes it to increased imports and policy uncertainties post Liberation Day. Tariff volatility and the {sin-quite}culture war{sin-quite} also contribute. Trump administration{sin-quite}s actions against American institutions create uncertainty. Recent court rulings impact the trade war. Markets show a {sin-quite}soft dollar{sin-quite} trend with international currencies performing well.
Bharat Dynamics shares jumped 5.6% after reports said the government plans to raise defence R&D spending to Rs 40,000 crore next year and double it over five years, allowing private players to compete with PSUs. Separately, a Rs 2,000–3,000 crore missile order for BDL is in the works. The company is also expanding output amid rising demand.
The Ministry of Finance has asked the Reserve Bank of India to ensure that the central bank’s draft regulations on gold loans do not adversely impact small gold loan borrowers, and has noted that the new rules would be suitable to be implemented only by January 1, 2026.
Indian equity markets traded with mixed signals on Friday, as positive institutional inflows and economic optimism were tempered by anticipation for the upcoming GDP data. The Sensex experienced a slight dip, while the Nifty50 showed marginal gains. FPIs continue their buying spree, potentially reaching a high for May, with Adani Ports and Nestle India leading gainers.
Suzlon Energy shares jumped 13.6% to Rs 74.30 after Motilal Oswal raised its target price to Rs 83 and reiterated a “buy” rating, citing strong Q4FY25 results and a bullish FY26 outlook. The brokerage noted better-than-expected wind turbine deliveries and margins, projecting a 60% YoY growth in key metrics next fiscal.
3B Films, a plastic packaging film manufacturer, launched its IPO on Friday at ₹50 per share, aiming to raise ₹33.75 crore. The IPO, open until June 3, comprises a fresh issue and an offer for sale by promoters. Funds will support capital expenditure, working capital, and corporate purposes.
Nikhil Ranka of Nuvama notes a recent earnings downgrade, particularly in IT and pharma sectors, with Revlimid{sin-quite}s patent expiration posing a challenge. Telecom is seen as a defensive play with potential tariff hikes. The market has rallied, but Ranka anticipates consolidation with limited upside, awaiting earnings growth for further momentum.
Indian government bond yields are decreasing in May. This marks the third consecutive monthly decline. The Reserve Bank of India is injecting liquidity. Expectations are for further monetary policy easing. New Delhi will sell benchmark bonds. This will increase liquidity. Economists estimate India{sin-quite}s growth data for January-March. The Reserve Bank of India is expected to cut rates on June 6.
HDFC Securities recommends a Buy for Kolte-Patil Developers, setting a target price of Rs 480. The company reported a significant increase in consolidated total income and net profit for the quarter ended March 31, 2025. Strong cash flows and potential for future partnerships, along with proactive management, position Kolte-Patil for sustained growth, making it an attractive investment.
Sandip Sabharwal highlights promoter selling, particularly in mid and small-cap companies, as a key market risk, overshadowing a generally positive macro environment. While larger sales like SingTel and ITC impact liquidity, smaller promoter exits raise concerns about confidence in company growth prospects at high valuations. Defence and railway sectors have seen recent activity, but sustainability remains uncertain.
ICICI Securities has adjusted its rating for Gujarat Fluorochemicals. The firm now recommends a {sin-quite}Hold{sin-quite} stance. The target price has been revised to Rs 3,790. This is down from the previous target of Rs 4,160. The company{sin-quite}s Q4 results were affected by production disruptions. However, Gujarat Fluorochemicals anticipates growth in fluoropolymers. Approvals are expected for battery chemicals.
Texmaco Rail & Engineering shares: The first is a ₹140.55 crore order from the Ministry of Railways for advanced multi-purpose wagons, and the second is an MoU with RVNL to promote sustainable freight via new-age wagon technology.
SJVN Share Price: SJVN Ltd reported a net loss of Rs 127.6 crore in Q4 FY25, a stark contrast to the previous year{sin-quite}s profit, despite a modest 4.5% revenue increase to Rs 504 crore. The absence of exceptional gains impacted the bottom line. The board announced a dividend of Rs 3.1 per share amidst fluctuating stock performance, with a year-to-date decline of 7.88%.
Several brokerages have raised their target prices on select stocks over the past month. According to Trendlyne data, Kotak Mahindra Bank, Bharti Airtel, Bandhan Bank, Federal Bank, and Marico have received up to Eight analysts{sin-quite} target price upgrades in the last month. Here is a list of these stocks..
Sachin Relekar from Axis Mutual Fund shares insights on India{sin-quite}s equity markets. He highlights consumption and defense as key sectors for long-term growth. Relekar notes recent market volatility due to global events. He suggests a positive outlook for Indian equities, driven by domestic manufacturing and healthy corporate balance sheets.
ICICI Securities has downgraded Aurobindo Pharma to {sin-quite}Add{sin-quite} with a revised target price of Rs 1,330, citing potential decline in gRevlimid sales due to pricing competition and a temporary halt in Pen-G plant production. While Europe business shows promise with new launches and biosimilars, lowered FY26/27E EBITDA reflects anticipated lower sales from Eugia.
Bloomberg{sin-quite}s analysis suggests that riskier emerging-market bonds, particularly from India, Indonesia, Brazil, and South Africa, are outperforming due to the dollar{sin-quite}s decline offsetting rising Treasury yields. Goldman Sachs strategists note that a weaker dollar reduces the impact of higher US yields on EM rates, benefiting higher-yielding bonds.
Vodafone Idea is anticipated to reveal its Q4FY25 financial results, with ICICI Securities forecasting a widened net loss of Rs 7,626.10 crore. Revenue is expected to reach Rs 10,982.7 crore, while EBITDA is projected at Rs 4468.09 crore. The brokerage firm maintains a {sin-quite}hold{sin-quite} rating on the stock, citing ongoing financial difficulties despite slight revenue and EBITDA improvements year-over-year.
Alkem Laboratories Ltd. reported a fourth-quarter miss, primarily on lower margins, prompting Jefferies to lower the price target to Rs 4,460. The brokerage retained its {sin-quite}underperform{sin-quite} rating, citing concerns around execution on new initiatives.
Bajaj Auto{sin-quite}s Q4FY25 consolidated net profit experienced a 10% YoY decline, settling at Rs 1,802 crore, while revenue from operations saw a 9% increase to Rs 12,646 crore. Despite a dip in domestic sales volume, exports surged by 19%.
Rajat Sharma of Sana Securities advises caution on defence and real estate due to high valuations, despite positive market sentiment. He expresses concerns about real estate balance sheets and the unsustainability of current valuations. Sharma favours ITC and alcohol stocks within the FMCG sector, highlighting their resilience against quick commerce and attractive valuations.
Rajat Sharma is bullish on private banking, anticipating benefits from new tax policies and potential rate cuts, favoring HDFC Bank, Axis Bank, and Federal Bank. He{sin-quite}s also optimistic about the IT sector, citing attractive valuations for companies like Infosys and TCS, expecting increased US spending to boost their performance. He believes these tech giants will remain core portfolio components.
Apollo Hospitals anticipates a steady Q4, fueled by margin expansion and robust pharmacy growth. Analysts highlight improved digital traction from Apollo 24/7, potentially offsetting challenges from festive season softness and geopolitical issues in Bangladesh. Hospital revenues are expected to rise, supported by patient volumes, while key updates on new hospital projects are awaited.
The U.S. dollar weakened, marking its fifth consecutive monthly drop. Trade and fiscal uncertainties loomed. Investors awaited a key inflation report. Trump{sin-quite}s tariff policies added to market worries. Emerging market currencies gained. The Japanese yen rose after inflation data. Markets watched for trade deal updates. Bond yields remained high amid debt concerns. The Australian dollar saw a slight increase.
Astonea Labs{sin-quite} IPO allotment is expected to be finalized today, with shares potentially credited to successful bidders by June 2 and listing on June 3. The IPO saw a subscription of 1.79 times, driven by NII interest, but QIB participation was weak. The grey market premium is currently zero, suggesting a listing around the issue price of Rs 135.
Gold prices saw a slight dip on Friday. Investors are waiting for the U.S. inflation report. This report will influence the Federal Reserve{sin-quite}s policy decisions. Global stocks increased, and the U.S. dollar weakened. A court battle over President Donald Trump{sin-quite}s tariffs continues. The market is also watching the U.S. personal consumption expenditures price index. SPDR Gold Trust holdings increased.
Nikita Papers has finalized the allotment for its initial public offering. The IPO witnessed modest demand. Shares are expected to be credited to demat accounts soon. Listing is scheduled on the NSE SME platform in early June. The company plans to use the funds to enhance production capacity. The company reported a profit for the nine months ended December 2024.
Amnish Aggarwal from Prabhudas Lilladher suggests BSE is attractive due to the expected NSE listing. Capital market themes like AMCs offer steady returns. Life insurance shows strong performance, unlike non-life. He notes that while IT stocks have low PE multiples, growth prospects are limited. Aggarwal prefers pure growth stories over contra value plays in the current market scenario.
Infosys shares experienced a surge, climbing 2.3% to Rs 1,609, as investors rushed to secure the stock before it went ex-dividend. The final dividend of Rs 22 per share has a record date of May 30, making May 29 the last day to buy shares to qualify. The total dividend for FY25 will be Rs 43 per share.
The Reserve Bank of India ramped up its gold reserves to 879.58 metric tonnes as of March 31, 2025—an increase of 57.48 tonnes over the previous year, the central bank’s annual report for 2024-25 said on Thursday.
India, home to over 100 million crypto users, is at a crossroads between scepticism and leadership in the global cryptocurrency space. To drive nationwide acceptance, experts call for a clear regulatory framework, crypto literacy, real-world use cases, institutional partnerships, and a compliance-first approach. Proactive efforts can position India as a global leader in the evolving digital finance ecosystem.
Crisil{sin-quite}s Chief Economist, Dharmakirti Joshi, expresses optimism about India{sin-quite}s economic outlook, citing favorable monsoon forecasts and declining crude prices. He anticipates good agricultural output and controlled food inflation, potentially leading to continued RBI rate cuts. While early monsoon relief is noted, July and August rainfall remains crucial.
Suzlon Energy shares: According to Trendlyne, Suzlon Energy has an average target price of Rs 72, indicating a potential upside of around 10% from current levels. Among the nine analysts tracking the stock, the consensus rating is a ‘Strong Buy’.
Six BSE 500 companies, including CreditAccess Grameen and IFCI, reported profits in Q4FY25 after losses in the previous quarter. While CreditAccess Grameen and IFCI have seen positive stock returns in CY2025, others like Mahindra Lifespace Developers have lagged. Experts suggest accumulating Mahindra Life and Nuvoco long-term, favoring Balrampur Chini over Shree Renuka Sugars.
Motilal Oswal highlighted that exporters in sectors such as pharma and textiles stand to gain if the recent ruling prompts the U.S. to reduce its dependence on China-centric trade strategies. “Exporters in pharma and textiles may benefit as global supply chains look to de-risk from China."
Seth R Freeman from GlassRatner Advisory suggests that long-dated bond yields might slightly decline, offering temporary relief amidst ongoing uncertainty. The US court{sin-quite}s tariff setback, now heading to appeals, injects volatility into business planning and global markets. Freeman emphasizes the global positive sentiment{sin-quite}s significance, cautioning investors to closely monitor its impact on logistics, imports, and profit projections.
On Wednesday, gold and silver closed mixed in the domestic market but ended lower internationally. Domestically, Gold June futures rose 0.14% to Rs 95,278 per 10 grams, while Silver July futures fell 0.23% to Rs 97,255 per kilogram.
Indian government bond yields remained stable early Thursday. The 10-year benchmark yield had previously breached a key level. Expectations of policy easing continue to grow. New Delhi will auction bonds on Friday. January-March GDP data is expected. The Reserve Bank of India is expected to cut rates in June. Bond yields are expected to decline further.
Shares of ITI surged over 18% in two days after the state-run telecom PSU reported a sharp narrowing of losses in Q4FY25. The company posted a net loss of Rs 4.4 crore, down from Rs 238.8 crore last year, aided by an exceptional gain. Revenue jumped 74% YoY to Rs 1,045.7 crore, while EBITDA loss also narrowed significantly.
The rupee depreciated 7 paise to 85.45 against the U.S. dollar in early trade on Thursday (May 29, 2025) as the American currency strengthened after the U.S. federal court blocked President Donald Trump{sin-quite}s sweeping reciprocal tariff order, fuelling hope of ending global trade uncertainties.
HDFC Securities retains a buy recommendation for Ashoka Buildcon. The revised target price is Rs 273. Ashoka Buildcon{sin-quite}s revenue, EBITDA, and APAT missed estimates. However, the brokerage expects revenue growth and improved EBITDA margins in FY26. The company{sin-quite}s order book stands strong. Visibility on asset monetization is improving. The brokerage has tweaked the SOTP valuation.
Nitin Bhasin of Ambit notes that while the banking sector, particularly excluding IndusInd Bank, has underperformed earnings expectations, other Nifty largecaps have shown positive surprises. Anticipated rate cuts next year are expected to further pressure bank earnings. Despite global economic uncertainties, strong FII flows and the RBI dividend provide optimism for the Indian market.
A smallcap rally is exciting investors, with the BSE Smallcap Index rising nearly 10% in a month and many stocks delivering over 30% returns. However, earnings growth lags behind, with smallcaps showing lower profit growth compared to largecaps. Experts advise caution, suggesting a focus on fundamentals and a potential shift towards largecaps due to stretched valuations in the smallcap segment.
Earning season shows decent results, meeting or exceeding expectations. Nifty{sin-quite}s EPS growth is around 6%, surpassing the anticipated 4%. Q4 is expected to be the bottoming out quarter. FY26 earnings growth is projected at 12% to 14%. Domestic sectors like financials and consumption are likely to drive earnings this year. Global sectors will remain volatile due to global news.
JM Financial is optimistic about JK Cement. They have reiterated a Buy rating. The target price is revised to Rs 5,850. JK Cement{sin-quite}s Q4FY25 EBITDA exceeded expectations. Expansion plans are on track. Capacity is expected to reach 50mt by FY30. Cost-saving measures are underway. The brokerage has increased FY26-27 EBITDA estimates.
Welspun Corp Limited witnessed a surge in net profit for the March quarter. The company{sin-quite}s expenses reduced, contributing to the profit jump. While income dipped slightly, the company{sin-quite}s board proposed a dividend. They also approved raising funds through commercial papers. Welspun Corp reduced its debt significantly and boasts substantial cash reserves.
American Treasury yields increased as a court blocked Donald Trump{sin-quite}s tariffs. This boosted market sentiment. Demand for safe-haven assets decreased. Bonds and gold were sold off. The Trump administration has appealed the decision. Long-term yields have been climbing due to Trump{sin-quite}s spending and tax-cut bill. The bill could add trillions to the national debt.
ICICI Securities maintains a Reduce call on Glenmark Pharmaceuticals, revising the target price to Rs 1,300. The brokerage anticipates revenue, EBITDA, and PAT to grow at a CAGR of 10.3%, 15.0%, and 20.8% respectively, between FY25-27E. Slower growth in India prompts a slight reduction in revenue and EBITDA estimates for FY26/27E.
Indian stock markets, Sensex and Nifty50, saw a positive trading on Thursday. This surge follows gains in Asian markets and Wall Street futures. A U.S. court blocked President Trump{sin-quite}s tariff plan, boosting global risk sentiment. The court ruling also strengthened the U.S. dollar. Safe-haven gold prices declined as investor confidence increased. The White House has appealed the decision.
The share price of controversy-ridden IndusInd Bank Ltd. fluctuated in Thursday{sin-quite}s trade, paring losses to trade higher after the Securities and Exchange Board of India banned the lender{sin-quite}s ex-CEO Sumant Kathpalia and four others from dealing in the share market, alleging they were aware of unpublished price-sensitive information about the bank{sin-quite}s derivative trades.
Avanti Feeds reported a 39.6% YoY rise in Q4 net profit to Rs 157 crore, driven by improved margins and steady revenue growth. EBITDA jumped 36.4%, with margins improving to 12.76%. The board proposed a Rs 9 final dividend. Despite recent gains, the stock trades below its target price, with analysts maintaining a ‘Buy’ rating.
Cummins India shares: For the entire financial year, Cummins India recorded a 15% increase in total standalone revenue, reaching Rs 10,166 crore. Domestic sales rose by 18% to Rs 8,395 crore, while exports grew by 6% to Rs 1,771 crore.
The Indian rupee opened 14 paise weaker at 85.51 against the US dollar on Thursday, in comparison to its previous close of 85.37 on Wednesday. This slight depreciation comes amid various global and domestic economic factors influencing the currency markets.
Indian market is expected to open positively, mirroring global trends. Nifty futures closed lower, but India VIX decreased. Option data suggests a trading range of 24,300-25,300. Experts recommend buying Deepak Fertilizers, HPCL, Canara Bank, Siemens, MFSL, Container Corp, and Union Bank of India with specified targets and stop losses for short-term gains.
This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock. However, it{sin-quite}s worth noting that this is different from a 5-year breakout, which occurs when a stock{sin-quite}s price surpasses a key resistance level that has held for five years or longer.
The National Company Law Tribunal has ordered the freezing of assets linked to Gensol Engineering and its affiliates following accusations of financial misconduct, including fund diversion and falsified records. Multiple agencies, including the MCA, SEBI, and RBI, are investigating the matter, with trading of Gensol{sin-quite}s securities blocked and asset transactions restricted.
Anand Shah of ICICI Prudential AMC discusses their successful PIPE and Value strategies, which have achieved impressive CAGR over the last five years. He highlights the importance of bottom-up stock selection, valuation discipline, and a long-term perspective for wealth creation. Shah remains bullish on Indian equities, emphasizing the potential in capex-linked sectors despite market volatility.
Vice President JD Vance urged the crypto industry to maintain its political engagement, emphasizing the Trump administration{sin-quite}s support for pro-crypto legislation. He highlighted the industry{sin-quite}s influence in the recent election and its potential to drive innovation. Vance also noted the strategic importance of U.S.
RITES shares may remain in focus after the company signed an MoU with Shree Cement for developing rail infrastructure and allied services. While no contract size details were revealed, the stock has surged 22.91% in a month. Technically, it trades above key moving averages and nears overbought levels on RSI, indicating strong short-term momentum.
In the Nifty50 pack, the closing prices of three stocks fell below their 200-day moving average (DMA) on May 28, according to technical scan data from StockEdge.com. Trading below the 200 DMA is generally seen as a negative signal, as it suggests the stock is trading below its long-term trend line. The 200 DMA is widely used by traders to gauge the overall trend of a stock. Take a look:
Independent Analyst Anand Tandon views insurance as a core area for long-term growth. He notes India is no longer underinsured in policy numbers, but policy values have potential. He suggests separating insurance from investment, favoring protection-focused policies. Tandon sees growth opportunities in life insurance and LIC{sin-quite}s shift to non-participating policies.
The trading activity on newly listed Belrise Industries calls for close scrutiny of trades on the listing day. The IPO of the two-wheeler auto components company closed the day 8.23% higher at the end of the listing day. Auto component major, Belrise Industries, listed on the stock exchanges on Wednesday, May 28, 2025. The company raised Rs 2,150 crore via fresh issue that closed on Friday May 23, 2025 and...
Jefferies has downgraded Entero Healthcare Solutions Ltd. to {sin-quite}hold{sin-quite} following fourth quarter performance and lower-than-expected guidance for FY26. The brokerage firm cited lower organic growth and a subdued margin profile as key reasons for the downgrade.
Independent Analyst, Anand Tandon, views Dalal Street mood as reasonably buoyant. Market valuations are high, similar to September {sin-quite}24 levels. He anticipates potential tariff impacts, urging India to enhance manufacturing competitiveness. Focus areas include railways and defence. Tandon suggests textiles and defence exports hold promise. He emphasizes shifting from subsidy-driven models to cost-effective manufacturing.
Peter McGuire anticipates continued US dollar weakness, benefiting the euro, yen, and pound. He expects bond yields to rise around 4.47% while closely monitoring Fed rate policy and tariff negotiations. McGuire maintains a long position on gold, targeting $3600-3700 in Q3, and a short position on crude oil due to anticipated increased production from OPEC.
Promoters continued to hold a dominant share in the Indian stock markets in the January-March 2025 quarter, with the real estate sector recording the highest ownership, according to the latest report by the National Stock Exchange (NSE).
IndusInd Bank shares come under the spotlight after Sebi barred five former senior executives, including ex-CEO Sumant Kathpalia, for alleged insider trading linked to undisclosed accounting discrepancies. Sebi has impounded nearly Rs 19.8 crore, citing trades made during possession of unpublished price-sensitive information before the bank publicly revealed a Rs 1,529 crore derivatives portfolio issue in March 2025.
Investors who participated in the Rs 3,500 crore Schloss Bangalore IPO, the parent company of The Leela Palaces, Hotels and Resorts, will receive their allotment status today. The IPO, subscribed 4.5 times overall, saw strong interest from QIBs but a lukewarm response from retail investors. Shares are expected to list on BSE and NSE on June 2.
LIC reported a 38% YoY jump in Q4FY25 net profit to Rs 19,039 crore and declared a Rs 12 final dividend. Despite a 3.2% dip in premium income, brokerages remain bullish, with target prices up to Rs 1,260. Analysts highlighted improving margins, APE recovery, and strong equity market support as key positives driving future growth.
The rupee fell 23 paise to 85.63 against the U.S. dollar in early trade on Wednesday (May 28, 2025), dragged down by strengthening American currency and an uptrend in crude oil prices.
Equity benchmark indices Sensex and Nifty dropped in early trade on Wednesday (May 28, 2025), dragged by ITC amid stake sale reports.
Foreign Institutional Investors (FIIs) have injected over Rs 20,000 crore into Indian stocks in two months, marking the strongest buying since September, driven by robust corporate earnings and a weaker US dollar. Despite a significant selloff mid-May, India{sin-quite}s attractiveness persists, with Bank of America{sin-quite}s survey indicating it as Asia{sin-quite}s preferred equity market.
Axis Securities maintains a Buy call on Karnataka Bank, projecting a target price of Rs 270. The bank{sin-quite}s Q4FY25 consolidated total income rose to Rs 2680.10 crore, with a net profit of Rs 252.62 crore. Expected growth from FY26E, driven by retail deposits and improved margins, supports the positive outlook, valuing the stock at 0.75x FY27E ABV.
Market expert Ajay Bagga says India{sin-quite}s VIX is currently at 18. This rise is due to global uncertainties. However, it is still within the normal range. Historically, VIX surged higher during crises. Bagga views the present market as a buy-on-dips opportunity. Mutual funds have cash reserves. Retail investors show confidence. FPI flows are volatile.
JM Financial maintains a Buy call on Clean Science & Technology, setting a revised target price of Rs 1,650. The brokerage anticipates substantial EBITDA and EPS growth over the next few years, citing the company{sin-quite}s strong Q4FY25 performance. While marginally lowering FY26-27 EPS estimates, they foresee a decent growth runway for Clean Science.
Olectra Greentech shares: Olectra Greentech, in a clarification submitted to the stock exchanges, stated that the electric bus project was awarded by the Maharashtra State Road Transport Corporation (MSRTC) to a consortium consisting of Olectra Greentech Limited and EVEY Trans Private Limited (EVEY).
Indian benchmark indices experienced a decline on Wednesday, influenced by fund outflows resulting from substantial block deals and increased primary market activity. ITC shares significantly dragged down the benchmarks due to British American Tobacco{sin-quite}s plan to sell a 2.6% stake. Conversely, LIC shares surged following a robust increase in net profit and dividend declaration, while broader markets demonstrated outperformance.
PG Electroplast shares are in focus after the Government of Singapore acquired shares worth Rs 288 crore via a block deal, despite the stock correcting 25% in 2025. The multibagger has delivered 200% returns in a year and posted a robust Q4 with 107% YoY profit growth. Volatility remains high, but long-term momentum and fundamentals stay strong.
ITC shares experienced a 4.3% dip following British American Tobacco{sin-quite}s (BAT) sale of a 2.5% stake, valued at approximately Rs 12,926.90 crore. The block deal involved 31.3 crore shares traded at Rs 413 apiece, a 4.8% discount. Despite the sale, BAT remains ITC{sin-quite}s largest shareholder with a 23.1% holding and plans to increase its share buyback program.
Elon Musk{sin-quite}s brain implant company Neuralink raised $600 million in a deal that values the company at $9 billion before the new cash, Semafor reported on Tuesday, citing people with knowledge of the matter.
Citigroup anticipates a continued rally in Indian bonds, driven by deeper interest rate cuts by the Reserve Bank of India, potentially reaching 5%. This diverges from the US Federal Reserve{sin-quite}s stance, weakening the traditional link between Indian bonds and US Treasuries. Aberdeen Investments echoes this view, predicting further rate cuts amid easing inflation and potentially lower oil prices.
Non-banking financial companies reported a moderation in profit growth for the quarter ended March, even as asset quality showed signs of improvement, said brokerage firm Jefferies in a recent note. While AUM growth softened across most segments, net interest margin trends were mixed, with many firms guiding for better NIMs in fiscal 2026.
HDFC AMC{sin-quite}s Priya Ranjan suggests a "coexistence era" for ICE and EV technologies, with ICE vehicles maintaining dominance in commercial and entry-level segments. While EV growth is promising, infrastructure and cost parity remain challenges. Anticipated interest rate cuts in 2025 could stimulate financing-driven demand, particularly in rural markets and for commercial vehicles, potentially boosting entry-level vehicle sales.
NR Vandana Tex Industries launched its IPO on May 28, aiming to raise Rs 27.89 crore through a fresh issue of shares priced between Rs 42 and Rs 45. The Kolkata-based textile company, known for its Vandana and Tanya brands, will use the funds for working capital, debt repayment, and general corporate purposes.
Krishnan VR of Marcellus Investment Managers advises investors to focus on bottoms-up stock analysis, particularly in the mid and small-cap segments, due to current market uncertainty. Emphasis should be on identifying companies with strong, consistent earnings growth, as growth is becoming increasingly scarce. Extended valuations suggest some uncertainties haven{sin-quite}t been priced in.
Dar Credit and Capital is set to list on the NSE SME platform after its IPO was oversubscribed 106 times. The NBFC{sin-quite}s Rs 26.46 crore IPO, priced at Rs 60 per share, saw strong investor interest, with grey market premium indicating a potential 26.7% gain on listing.
The focus will remain on the Japanese bond market, with an auction of Japan{sin-quite}s longest-tenor bonds due on Wednesday a litmus test for appetite for that type of debt as investors weigh worsening finances of major government issuers.
You’ve probably already come across Mohak Mangal’s viral video by now. The one where he claims that ANI (Asian News International), one of India’s leading news agencies, is basically extorting YouTubers like him, demanding lakhs of rupees to remove copyright strikes on their videos.
Brent crude futures rose 47 cents, or 0.73%, to $64.56 a barrel by 0028 GMT, while U.S. West Texas Intermediate crude gained 49 cents, or around 0.8%, to $61.38 a barrel.
Gold prices increased on Wednesday. The dollar weakened slightly, and U.S. bond yields decreased. Investors are waiting for the U.S. core Personal Consumption Expenditures (PCE) price index report. Donald Trump eased tariff threats on EU imports. U.S. consumer confidence improved in May. Neel Kashkari suggested keeping interest rates steady. Gold imports to Switzerland from the U.S. rose in April.
Jyoti CNC Automation Ltd. expects to maintain its fiscal 2025 growth trajectory in the current financial year, driven by strong demand and an order book of Rs 4,500 crore, according to Chairperson PG Jadeja. For FY26, the company is optimistic about achieving 90% capacity utilisation, which remains its key focus, the managing director told NDTV Profit in a conversation on Tuesday.
Tyre companies are expected to witness better margins in the current financial year, aided by a fall in the prices of crude oil and the declining industrial rubber, according to Mumuksh Mandlesha, research analyst at Anand Rathi Shares and Stock Brokers Ltd.
Goodluck India Ltd. is targeting a revenue growth of 18% to 20% in the coming years, according to Chairperson MC Garg. "I am very conservative. I am confident we will be doing anything between 18% and 20% year after year," he told NDTV Profit in a conversation on Tuesday.
Afcons Infrastructure Ltd. is targeting a top-line growth of 20% to 25% in the current financial year, according to Chief Financial Officer Ramesh Jha. Jha said the order book currently stands at Rs 36,869 crore. This provides revenue visibility for the next four years. The construction and engineering firm has emerged as the lowest bidder for projects worth Rs 10,600 crore.
Wall Street experienced a significant surge driven by positive reactions to President Trump{sin-quite}s tariff delay and a surprising increase in consumer confidence. The rally was broad-based, with tech stocks, particularly the {sin-quite}magnificent seven,{sin-quite} leading the charge. Investors are seemingly interpreting Trump{sin-quite}s trade tactics with cautious optimism, while strong economic data further fueled market gains.
Equity markets experienced a downturn on Tuesday, with the Nifty dropping 0.7% due to global uncertainties, trade tension concerns, and rising US debt anxieties. Analysts anticipate continued market volatility in the near future, closely monitoring global events, trade negotiations, and remaining corporate earnings reports. The rupee depreciated, settling at 85.40 against the US dollar.
Markets experienced high volatility, declining by over half a percent after a two-day rebound. Several companies are in focus due to Q4 results and news, including IRCTC, SAIL, and LIC, which reported a 38% increase in net profit. Olectra Greentech clarified its electric bus contract status, while BAT plans to sell a stake in ITC.
Macquarie is optimistic about Indian pharma and CDMO companies, predicting significant upside potential due to recent market corrections and global supply chain shifts. Indian CDMOs are favored for their cost-effectiveness and regulatory compliance. However, the brokerage remains cautious about Indian hospitals, anticipating overcapacity and assigning {sin-quite}underperform{sin-quite} ratings to Apollo Hospitals and Max Healthcare.
BEML Ltd shares jumped sharply following impressive Q4 results, with consolidated profit rising 11.9% year-on-year to Rs 287.55 crore. Revenue also increased to Rs 1,656.36 crore. While annual profit saw a marginal rise, revenue experienced a slight decline. Despite a past year decline, recent short-term momentum shows strong gains.
Stock Market Crash Today: Indian stock markets saw a sharp decline on Tuesday. Financial and IT stocks led the fall after a recent rally. Profit booking after a strong run-up and muted Q4 earnings growth contributed to the downturn. Rising U.S. Treasury yields and weak global cues also played a role. The RBI{sin-quite}s dividend announcement disappointed some market expectations.
Early monsoons are boosting market sentiment, potentially cooling food inflation and paving the way for future rate cuts. This positive outlook favors the BFSI sector and related industries. Marketsmith India is optimistic about alco-beverages and agrochemical/fertilizer sectors, anticipating strong earnings growth. Select FMCG and retail players catering to rural markets are also poised for significant improvement.
InterGlobe Aviation Ltd.{sin-quite}s shares fell nearly 4% on Tuesday as 2.23 crore shares worth Rs 6,591.34 crore changed hands in large trade deals on NSE. IndiGo Airlines co-founder Rakesh Gangwal and a promoter entity are planning to offload up to a 5.7% stake in InterGlobe Aviation Ltd. for nearly Rs 11,385 crore via open market transactions, reported Bloomberg.
ICICI Securities maintains a Buy call on Oil India, revising the target price to Rs 530 from Rs 580 due to a weaker pricing environment and adjusted production estimates. Despite EPS revisions for FY26/27E, the brokerage anticipates a 24% upside from the current market price, driven by attractive valuations and a projected EPS CAGR of 22% between FY26-28E.
Narendra Solanki of Anand Rathi Shares suggests a stock-specific market. Banks and financials, especially public sector banks, look promising. FMCG, durables, consumer discretionary, and defence sectors also show potential. Domestic manufacturing, particularly electronics, and hospitals within pharma are attractive. In auto, two-wheelers like M&M, TVS Motor, and Hero MotoCorp are favored. The earning season was largely on expected lines.
Sagility India Ltd.{sin-quite}s share price hit the lower circuit limit as it fell by 5.02% on Tuesday following the announcement that the company{sin-quite}s promoter plans to sell a 7.39% stake via an offer for sale. The floor price for the offer is set at Rs 38 per share.
Indian equities opened lower on Tuesday amid weak global cues, with pressure seen across financials, IT, and auto stocks. Broader Asian markets remained subdued despite gains in U.S. futures. Investor sentiment was cautious ahead of key global events, while domestic institutional activity provided some support. Analysts expect markets to remain range-bound, with accumulation seen in select rate-sensitive sectors.
Brokerages remain optimistic about select smallcap stocks across various sectors. According to Trendlyne data, 10 BSE small-cap stocks — including DCB Bank, PVR INOX, Pitti Engineering, Mahanagar Gas, and KEI Industries—have strong analyst ratings and are projected to deliver returns of up to 75%. Here’s the list:
Brainbees Solutions Ltd. stock price dipped over 5% on Tuesday after its operational income dipped in the fourth quarter of fiscal 2025 and the company reported a Bureau of Indian Standards investigation that took place in its Bengaluru warehouses.
Aurobindo Pharma shares: Aurobindo Pharma reported a marginal 0.4% YoY dip in Q4FY25 PAT to Rs 903 crore, even as revenue rose 10.6% to Rs 8,382 crore. For FY25, PAT rose 10% to Rs 3,484 crore. The company highlighted strong volume-led growth, record sales, and robust performance in its European operations.
PG Electroplast shares: The deal entails the sale of 1.59 crore shares at a floor price of Rs 740 each, reflecting a 4.4% discount compared to the stock’s closing price of Rs 773.95 on May 26, 2025, on the National Stock Exchange (NSE).
ICICI Securities has adjusted its rating for National Aluminium Company. The brokerage firm now recommends a {sin-quite}Hold{sin-quite} position. The target price has been revised to Rs 190 from Rs 205. This decision reflects expectations of subdued alumina prices. Supplies from China and India are expected to increase. Limited volume growth is also anticipated in the near term.
Analysts chose Action Construction Equipment Ltd., Container Corp. of India, Jubilant Pharmova, Computer Age Management Services Ltd., and Laurus Labs Ltd. for {sin-quite}buy{sin-quite} recommendations on Tuesday.
In today{sin-quite}s volatile market, wealth preservation is key for HNWIs. Anil Rego advises diversification across equities, fixed income, and alternatives to manage risks and capture growth. He suggests focusing on sectors like consumer discretionary and infrastructure, while maintaining a gold allocation for portfolio stability, but advises caution on increasing gold holdings immediately.
CLSA maintained its {sin-quite}underperform{sin-quite} rating on Fusion Finance Ltd., citing cautious optimism from the company{sin-quite}s management regarding future growth. The brokerage{sin-quite}s research note highlighted several key aspects of Fusion Finance{sin-quite}s performance and outlook.
NFRA has received a complaint highlighting audit lapses tied to the bank’s forex derivatives. The irregularities, flagged internally, may have a financial impact of Rs 2,100 crore pre-tax. Regulatory bodies, including the RBI, SEBI, and ICAI, are scrutinising the matter. Meanwhile, key resignations have followed amid accounting gaps in the microlending business.
JM Financial suggests buying ITC shares. They predict a target price of Rs 500. ITC{sin-quite}s March quarter results were satisfactory. Cigarette sales increased, but FMCG growth was slow. Agri business performed well. The demerger of Hotels business will reduce capex. The firm believes ITC{sin-quite}s valuation is attractive. They expect earnings per share to grow by June 2027.
Central Mine Planning and Design Institute Limited, a Coal India unit, has filed for an IPO. Coal India will sell about 71.4 million shares. The company provides consultancy services for mine planning. SBI Capital Markets and IDBI Capital Markets are managing the IPO. Many companies are delaying their IPO plans for 2025.
Despite the Sensex{sin-quite}s impressive 10,000-point surge, Q4 earnings growth for Nifty companies is a modest under 6%, raising concerns about market valuations. While the market anticipates a strong FY26, analysts caution about global economic uncertainties and potential EPS downgrades. Midcaps and smallcaps outperformed, but overall, earnings need to catch up to justify current market highs.
IndiGo shares: Rakesh Gangwal plans to sell a stake in IndiGo through a block deal worth ₹11,300 crore, managed by Goldman Sachs, Morgan Stanley, and JPMorgan, as part of his gradual exit strategy. Despite a recent 62% year-on-year rise in net profit for the March quarter, IndiGo{sin-quite}s full-year net profit fell 11%.
Tata Motors paid Rs 38,892 crore in global taxes and contributions in FY25, a 1% dip from FY24, due to lower direct tax outgo. Indirect taxes rose 31% YoY. Despite lower taxes, FY25 net profit declined to Rs 28,149 crore. The stock, down 24% in one year, has rebounded over 10% in the past month.
India is poised at the forefront of the global roadmap for next-generation barcodes and QR codes, aligning with GS1 Vision 2030 and these barcodes would be a game-changer — by giving consumers, businesses, and regulators instant access to trusted information with a simple scan said Renaud De Barbuat, President & CEO of GS1, the global non-profit organisation which is into development and maintenance of it’s own standards for barcodes in an interview. Excerpts:
Nitin Raheja anticipates a consumption revival driven by factors like falling inflation, interest rate cuts, and a strong monsoon, benefiting rural-focused sectors and FMCG. He remains optimistic about premium consumption, manufacturing, and EMS, expecting markets to hit new highs in the second half, fueled by domestic consumption and a good festival season.
Nazara Technologies’ Q4FY25 revenue nearly doubled to Rs 520.2 crore, with net profit rising to Rs 4 crore. Despite higher marketing and employee expenses, esports and gaming segments showed strong growth. The company plans global expansion through acquisitions like Curve Games. Analysts maintain a ‘Hold’ rating, with an average target price of Rs 979, reflecting cautious optimism.
Abhishek Gaoshinde offers cautious ratings for upcoming IPOs, citing concerns over debt repayment visibility for Aegis Vopak, limited financial history and valuation for Schloss, and working capital intensive business models for Prostarm and Scoda. He also highlights a potential conflict of interest for Aegis Vopak due to Aegis Logistics{sin-quite} similar business.
Nikita Papers launched its IPO on May 27, aiming to raise Rs 67.54 crore through a fresh issue, with the price fixed between Rs 95 and Rs 104 per share. Despite a neutral grey market premium, the company plans to use the IPO proceeds for a new power plant and working capital. The firm reported a profit of Rs 16.
Brainbees Solutions Ltd. released its fourth quarter results, showing a mixed performance with notable increases in revenue, but significant decline in profitability. "The top line missed our estimates across businesses, except for Brainbees," Morgan Stanley stated.
Goldman Sachs has initiated coverage on Varun Beverages Ltd. with a {sin-quite}buy{sin-quite} rating and a price target of Rs 600, implying a 25% upside and highlighting the company{sin-quite}s positioning in one of the fastest-growing ready-to-drink beverage markets globally.
LIC is set to announce its Q4 results today, with analysts expecting a mixed performance—profitability and VNB margins may improve, but new business premium growth remains under pressure. PAT is estimated to rise 7% YoY to Rs 14,800 crore. All eyes will be on LIC’s future strategy, product pipeline, and AUM trajectory, which may touch Rs 62 lakh crore.
Borana Weaves is set to debut on the stock exchanges with a strong grey market premium of Rs 40, indicating a potential 18.52% listing gain. The IPO was heavily oversubscribed, reflecting robust investor confidence in the company{sin-quite}s expansion plans and synthetic fabric manufacturing business. Proceeds from the IPO will fund a new facility in Surat and support working capital needs.
India’s mutual fund industry is witnessing a surge in direct plans driven by young, digital-first investors and fintech platforms. Direct equity AUM rose to 30% by March 2025, reflecting a shift towards low-cost, self-directed investing. While regular plans show stronger long-term discipline, AMCs are adapting with digital and advisory models, positioning the sector for robust growth.
Schloss Bangalore, operator of The Leela Hotels, raised ₹1,575 crore from 47 marquee anchor investors ahead of its ₹3,500 crore IPO. Despite past losses, the firm showed strong post-COVID recovery, attracting major global and domestic institutional interest.
After wrapping FY25 with significant strategic initiatives, Sanghvi Movers Ltd. is confident of achieving a 25–30% top-line growth in FY26, supported by a strong order book. While the core crane rental business is expected to grow steadily, the company is expanding its presence in the wind EPC segment, according to Managing Director Rishi Sanghvi.
Metro Brands Ltd. has a long-term goal of maintaining a 12% to 15% compound annual growth rate in revenue, according to CEO Nissan Joseph. "You{sin-quite}ve seen us have two quarters worth of double-digit growth. What we{sin-quite}ve guided to on a long-term basis is somewhere between a 12% and 15% CAGR," he told NDTV Profit on Friday.
India’s defence sector is witnessing a resurgence, fueled by surging exports, robust production targets, and rising global demand. Defence exports jumped to ₹23,622 crore in FY25, while India eyes ₹50,000 crore by FY29. Structural reforms, indigenisation, and geopolitical tensions are creating strong multi-year tailwinds, positioning Indian defence stocks for a potential long-term rally.
Oil prices increased on Friday. This happened as U.S. buyers adjusted positions before the Memorial Day weekend. Concerns about U.S.-Iran nuclear talks also played a role. Traders fear supply disruptions if talks fail. Donald Trump suggested tariffs on EU goods. OPEC+ may increase output in July. The market awaits the impact of tariffs on oil demand.
Despite global uncertainties, Indian markets remain bullish. Shrikant Chouhan of Kotak Securities attributes this to macro tailwinds, monsoon optimism, and RBI cues, while warning against overvaluation. He recommends a cautious approach focusing on financials and large-caps.
Gold prices surged over 2% on Friday, marking their best week in six, driven by investors seeking refuge in the safe-haven asset. Renewed tariff threats from U.S. President Donald Trump and a weaker dollar fueled the rally. Platinum also saw gains due to tight market conditions, while silver rose and palladium slipped, all posting weekly gains.
The US dollar faced a broad decline on Friday. Investors sold off the currency due to President Trump{sin-quite}s escalating trade war. He suggested tariffs on the European Union. This action renewed worries about the impact on the global economy. The Japanese yen gained strength. Data showed Japan{sin-quite}s inflation rose. The British pound also increased against the dollar.
European shares plummeted following President Trump{sin-quite}s tariff threats on the EU and Apple, reigniting global trade war anxieties. The pan-European STOXX 600 index experienced a significant drop, marking its first weekly decline in six weeks.
American stock markets experienced a decline on Friday. This downturn resulted in a weekly loss. Donald Trump{sin-quite}s proposal of 50% tariffs on European products triggered this fall. Technology and communication sectors faced significant losses. Apple{sin-quite}s stock also dropped following tariff warnings. Trade tensions and tariff talks contributed to market uncertainty.
Global markets experienced a jittery week. President Trump{sin-quite}s trade threats caused major stock indexes and the dollar to decline. He suggested tariffs on European Union imports and Apple iPhones. Apple shares fell. The dollar weakened against the yen and euro. Government bonds rose due to safe-haven buying. Oil prices increased. Gold also saw a surge as economic anxiety increased.
Indian stock markets closed higher on Friday. Nifty gained 0.99% and Sensex rose 0.95%. Market witnessed volatility throughout the week. Banking and financial sectors showed potential for growth. Nifty is expected to reach 25,120 soon. Foreign investors bought shares worth ₹1,795 crore. Domestic institutions purchased shares worth ₹300 crore. Global cues and bond yields impacted market sentiment.
Wall Street anticipates Nvidia{sin-quite}s earnings report amid concerns over rising Treasury yields driven by federal deficits. U.S. equities experienced a pullback as investors reacted to tax and spending legislation. Nvidia{sin-quite}s results are expected to reflect a significant jump in earnings and revenue, potentially reigniting enthusiasm for AI-related investments, while U.S.-China relations and trade developments remain a key focus.
Kanodia Cement, a cement manufacturer, has submitted papers to Sebi for an IPO. The IPO involves an offer for sale of 1.49 crore shares. Promoters and an individual shareholder will be selling their stake. The company will not receive any funds. Kanodia Cement operates in Uttar Pradesh and Bihar. They specialize in blended cement.
Investors across the globe are sending a loud message to governments: long-term borrowing won{sin-quite}t come cheap anymore. In an environment of mounting debt and inflation concerns, bondholders are demanding higher yields—especially for long-duration bonds that carry increased risks. (Source: Reuters)
Peter Cardillo from Spartan Capital Securities suggests investing in gold. He anticipates a challenging period for stocks but expects gold to rally. He notes the dollar{sin-quite}s weakness and potential for further decline. This could lead to imported inflation. Cardillo highlights concerns about the US tax bill{sin-quite}s impact on deficits.
BSE shares: BSE’s previously announced 2:1 bonus share issue took effect today, adjusting the stock price to Rs 2,335 on the NSE. Despite the adjustment, BSE shares climbed 2.3% intraday to hit a high of Rs 2,389.
The initial public offering of Belrise Industries Ltd. has been subscribed 6.75 times so far on day three of bidding on Friday. It was subscribed 49% on its first day of bidding on Wednesday and 2.89 times on its second day. The grey market premium of the Belrise Industries IPO was Rs 23 as of 10:02 a.m., according to InvestorGain. This implies shares of the company will likely list at Rs 113 a piece, indicating a 25.56% premium to the upper end of the price band.
Motorola is set to launch the Razr 60, its latest foldable smartphone, in India at noon, May 28. Inspired by a purse-like design, the device was introduced globally in April, and will now be available for Indian consumers through Flipkart.
On Thursday, both gold and silver ended lower in domestic and international markets. Gold June futures settled at Rs 95,536 per 10 grams, down 0.07%, while silver July futures closed at Rs 97,796 per kilogram, losing 0.46%.
HFCL Q4FY25 results showed a net loss of Rs 81.4 crore due to weak optical fibre cable demand. Despite challenges, HFCL expects 25–30% revenue growth in FY26, driven by full capacity utilisation and defence segment contributions. The company also announced a 10% dividend and a new senior appointment in international sales.
Benchmark indices Sensex and Nifty rebounded sharply on Friday (May 23, 2025) driven by buying in blue-chip IT stocks and consumer goods major ITC. After a flat start to the trade, the 30-share BSE benchmark gauge Sensex, bounced back and jumped 953.18 points to 81,905.17 in late morning deals. The NSE Nifty surged 299.35 points to 24,909.05.
Despite macroeconomic turbulence and global tariff tensions, Saurabh Mukherjea remains bullish on his Marcellus portfolios. Backed by valuation discipline, high-quality stocks, and ample cash reserves, his CCP strategy targets uncorrelated businesses with strong moats. As market growth slows, Mukherjea sees opportunity in select value plays and resilient earnings, trimming underperformers and holding cash for tactical entry points.
Ashi Anand discusses IndusInd Bank{sin-quite}s potential recovery with new management and priced-in irregularities, suggesting current holders could keep holding. She also touches upon the coal sector{sin-quite}s deregulation efforts and favors asset/wealth management in capital markets. Anand expresses caution on pharma due to Revlimid base effects, highlighting stock-specific opportunities.
Shares of ITC Ltd., Sun Pharmaceuticals Industries Ltd. and Honasa Consumers Ltd. were in focus on Friday, after the companies announced their fourth quarter results. Centum Electronics Ltd. shares rose the most, while Premier Explosives Ltd. fell the most, among the companies that announced their results for the quarter ended March.
The hours-long downtime that subscribers of Bharti Airtel Ltd faced on May 13 throughout Tamil Nadu and Kerala highlighted the potential risks that lay in place for telecom networks as more and more people rely on them. The company’s 39 million subscribers were unable to place or receive phone calls for hours. During and immediately after the incident, the company offered no explanation for the downtime.
Luxury alternatives are gaining traction globally due to their dual appeal—they serve as both investment avenues and powerful status symbols. As wealth grows and tastes evolve, UHNIs are exploring these tangible assets for their emotional, cultural, and financial value.
Goldman Sachs cut the price target for FMCG giant Colgate Palmolive to Rs Rs 2,375 from 2,630, after its annual revenue dropped nearly 2%. The brokerage also cited factors like low urban consumption demand along with increase in competitive intensity. It has a {sin-quite}sell{sin-quite} rating on the stock.
Chinese smartphone Xiaomi has unveiled its in-house XringO1 chipset, signalling a renewed push into mobile chip design as it aims to compete with Apple and Huawei. A move that will power Xiaomi smartphones, the company hopes that its new chipset will boost its ecosystem integration and enhance user experience. Huawei and Apple have been leveraging their own custom-designed chips to create tightly....
Indian markets traded higher, driven by ITC and IT stocks, but concerns over foreign fund outflows and the U.S. fiscal outlook may limit gains. ITC{sin-quite}s strong quarterly profit boosted its shares, while Sun Pharma declined due to a profit drop. Experts caution about rising U.S. bond yields and their potential impact on emerging markets like India.
India and Oman are close to concluding negotiations on a landmark free trade agreement, officially termed the Comprehensive Economic Partnership Agreement, a senior official told NDTV Profit.
Commerce Minister Piyush Goyal has now held two meetings in a row with his American counterpart, US Commerce Secretary Howard Lutnick, as the two countries head for an early harvest deal by July.
Amazon Web Services (AWS) has rolled out two new advanced AI models from Anthropic — Claude Opus 4 and Claude Sonnet 4 — on its Amazon Bedrock platform. These hybrid reasoning models mark a big leap in the evolution of agentic AI.
Goldman Sachs acquired nearly 11 lakh shares of TD Power Systems via block deals, valued at Rs 50.30 crore, at Rs 460 per share. The smallcap company reported a 26% YoY increase in net profit for Q4FY25, reaching Rs 44 crore, with net sales up by 40% to Rs 376.34 crore.
Trent and Bharat Electronics Ltd (BEL) shares surged following the announcement of their inclusion in the BSE Sensex, replacing Nestle India and IndusInd Bank, respectively. This rejig, effective June 23, is expected to trigger significant passive inflows into Trent and BEL. Broader reconstitutions across BSE indices also include changes in the BSE 100, Sensex 50, and Sensex Next 50.
HDFC Securities{sin-quite} CEO suggests Nifty valuations are reasonable given strong growth expectations, despite earlier forecast revisions. He cautions that failure to achieve projected earnings could hinder market sustainability. While geopolitical tensions ease and domestic fundamentals remain strong, investors should prioritize quality companies and diversification to navigate potential volatility.
With a strong emphasis on risk management, data-backed decision-making, and selective risk-taking, Qode’s approach focuses on consistent outperformance, particularly during volatile or bearish phases.
Jefferies has a positive outlook on Oil and Natural Gas Corp., reiterating a {sin-quite}buy{sin-quite} call and setting a price target of Rs 360, despite a small earnings miss in the fourth quarter of the previous fiscal.
Tata Steel shares: Located in the Jajpur district, the expanded facility will manufacture advanced high-strength steel, catering to key sectors including automotive, infrastructure, power, shipbuilding, and defence.
Grasim Industries shares: Revenue from operations rose by 17% year-on-year to Rs 44,267 crore, fueled by robust performance across the building materials, chemicals, and financial services segments. Additionally, the company’s board has proposed a dividend of Rs 10 per share for FY25.
Honasa Consumer, Mamaearth’s parent, reported an 18% YoY drop in Q4FY25 net profit to Rs 25 crore despite a 13% rise in revenue to Rs 534 crore. Improved gross margins and stronger EBITDA reflect operational efficiency. Its direct distribution shift shows early success, with growing offline reach and The Derma Co. hitting Rs 100 crore ARR in offline sales.
House Republicans narrowly passed President Donald Trump’s economic package after a series of all-night negotiations and 11th-hour compromises. The legislation now heads to the Senate where lawmakers are looking to make their own stamp on the bill. The core of the package — an extension of the president’s 2017 first-term tax cuts — is likely to stay, but the senators could make some changes to a slew of new tax and spending measures that touch many aspects of the economy.
Bernstein chose Infosys Ltd. as its top pick among Indian IT companies, as it will likely lead in scale and marginal stability among large caps. Coforge Ltd. and Persistent Systems Ltd. also stand out in the small- and mid-cap sections for the fastest growth rate, the brokerage said.
ITC’s Q4 adjusted PAT rose 3% YoY to Rs 5,155 crore, driven by strong performance in the FMCG-Cigarettes and Agri Business segments. Revenue grew 10% to Rs 20,376 crore. However, some segments like FMCG-Others and Paperboards saw profit declines. The headline profit surged due to exceptional gains, keeping ITC shares in focus.
So, it remains a conglomerate of brands by itself. The thesis behind creating two different entities was because they are companies which have two different objectives and they need two different strategies and hence possibly two different sets of investors who would be interested in investing there.
The Adani Group has reported stable and improving credit metrics in its FY25 Credit Summary, underscoring the financial strength of its diversified infrastructure portfolio. The group said it maintained high levels of liquidity and significantly reduced debt, while enhancing asset quality across businesses.
The Securities and Exchange Board of India has taken into account the various issues surrounding the Gensol Engineering fraud incident, as it prepares enhanced rules, according to NSE Chief Executive Officer and Managing Director Ashishkumar Chauhan.
The Adani Group{sin-quite}s earnings before interest, taxes, depreciation, and amortisation have surged more than 3.6 times over the past six years, from Rs 24,870 crore in fiscal 2019 to Rs 89,806 crore in fiscal 2025, outpacing broader market benchmarks like the Nifty 50.
Gold and silver futures surged, driven by Middle East tensions and a weakening dollar. Gold prices at MCX opened higher by Rs 635 at Rs 96,234/10 gms, while silver opened higher by Rs 719 at Rs 98,964/kg. Analysts suggest ranges for trading, while Robert Kiyosaki predicts significant long-term price increases for gold, silver, and Bitcoin.
Indian markets fell sharply on May 22, with the Sensex dropping over 800 points and the Nifty below 24,600. Key reasons include a spike in U.S. Treasury yields, Moody’s downgrade of the U.S. credit rating, weak U.S. bond demand, and a technical correction after a recent rally. These factors combined to trigger global risk aversion and selling pressure in India.
In a nearly $6.5 billion all-stock purchase—the largest in OpenAI history—the ChatGPT maker will purchase the AI device business that was co-founded by Apple veteran Jony Ive.
What our assessment is that the sort of speed bump that we saw in capacity addition in the period say 2012 to 2021, that speed bump will need a lot of catching up going forward and with themes like Make in India, Atmanirbhar Bharat as also attracting manufacturing into the country which is a policy of this government now.
Stock market benchmark indices Sensex and Nifty tumbled in early trade on Thursday (May 22, 2025) mirroring weak trends in global equities amid the U.S. fiscal worries along with debt concerns.
Indian government bond yields experienced a slight decrease in early trading on Thursday, fueled by optimistic market sentiment and expectations of future policy rate cuts. State-run banks{sin-quite} substantial bond purchases have further contributed to the decline in yields. Traders are anticipating the central bank{sin-quite}s dividend transfer to the government, while closely monitoring U.S.
The Indian rupee traded narrowly on Thursday, influenced by a weak dollar index but weighed down by high crude oil prices and consistent dollar demand. While broad dollar weakness and appreciating Asian currencies offer some support, rising US bond yields and geopolitical tensions create headwinds. Technically, the USD/INR pair is expected to trade within a range, facing resistance at 85.
IndusInd Bank shares: UBS delivered the most critical assessment yet, assigning a {sin-quite}Sell{sin-quite} rating with a target price of Rs 600—below the stock{sin-quite}s 52-week low of Rs 605.40. The brokerage cited growing uncertainty and cautioned that, given the stock’s already high valuation, it may be headed for a potential re-rating.
Unexpected summer rains in April and May have hit sales of seasonal essentials—from air conditioners to cold beverages and personal care products—prompting companies to cut their growth targets for the first quarter of fiscal 2026 and curb production to avoid an inventory glut.
The Nifty index faces resistance at 25,000, potentially leading to sideways or negative movement unless breached. With strong put writing at 24,800, the index is expected to trade between 24,800 and 25,000. ICICI Securities suggests a Bull Call Ladder strategy, capitalizing on limited upside up to 25,100, with a stop-loss at 25,103.
Dipan Mehta of Elixir Equities notes a mixed earnings season with disappointments in major sectors like banking and software. However, urban consumption shows promising signs in QSR, retail, hospitality, healthcare, and travel. Mehta advises selectivity, favoring pharma companies with differentiated models, particularly CDMOs, while remaining cautious due to potential tariff impacts and base effects.
Share price of IndusInd Bank Ltd. recovered after slipping nearly 6% in early trade on Thursday, after the lender posted a consolidated net loss of Rs 2,329 crore for the final quarter of 2025, amid rising discrepancy controversies.
Indian benchmark equity indices experienced a decline on Thursday, influenced by banking and IT sector downturns. This downturn mirrors global investor apprehension stemming from U.S. fiscal uncertainties and escalating Treasury yields. The decline follows Moody{sin-quite}s recent downgrade of the United States{sin-quite} credit rating, further contributing to fragile market sentiment and capital outflows from emerging markets like India.
In the first quarter of 2025, Singapore{sin-quite}s economy grew by 3.9% compared to the same period last year. However, on a seasonally adjusted quarter-on-quarter basis, it contracted by 0.6%. This has raised concerns about a potential technical recession if the economy shrinks again in the second quarter. Permanent Secretary Beh Swan Gin clarified that this does not necessarily imply a full-year economic recession. (Source: Reuters)
The Nifty futures ended Wednesday on a positive note, gaining 0.17% to close at 24,817 levels. Meanwhile, India VIX edged up by nearly 1%, settling at 17.55 in the previous trading session.
Garden Reach Shipbuilders and Engineers Ltd.{sin-quite}s share price rose over 5% in trade on Thursday, recovering from a 2% slip at market open, after the company reported that the Bangladesh government cancelled an order for the construction of an advanced ocean-going tug.
Bengaluru-based PeepalCo CEO Ashish Singhal’s social media post on "saving" middle class from a silent "scam" has resonated with many people. Labelling middle class salaries as a "scam", Singhal highlighted how this group is just expected to "absorb the shock, in silence.”
India’s macro fundamentals are in a really sweet spot & proving to be one of the strongest versus major global economies. Tightly controlled fiscal & current account deficits, lower inflation & stable currency while maintaining growth handle around 6-6.5% are attracting back foreign flows in a major way.
While India is seen as a core long-term investment destination by NRIs, countries like UAE & Singapore continue to attract NRI capital for diversification, real estate and global exposure. A blended approach—India + global—is becoming the norm in NRI portfolios.
Garden Reach Shipbuilders & Engineers (GRSE) shares soared after securing the Lowest Bidder status for the Indian Navy{sin-quite}s Next Generation Corvettes project, valued at over ₹25,000 crore. GRSE will be awarded five of the eight ships. However, Bangladesh cancelled a $21 million order for an ocean-going tug amid rising tensions between the two nations.
Foreign Institutional Investors (FIIs) are making a strong comeback to Indian markets, with $2.7 billion inflows since April. Despite global uncertainties and muted domestic earnings, FIIs are expected to bring in up to $100 billion over the next 3–4 years, signalling a potential long-term shift in capital flows toward emerging markets like India.
Ircon International shares: The company recorded a 10% year-on-year drop in revenue from operations, amounting to Rs 3,412 crore in Q4FY25, down from Rs 3,787 crore in Q4FY24. The board of IRCON has also proposed a final dividend of Rs 1 per share.
Aditya Birla Fashion and Retail (ABFRL) shares plummeted by 67% following the demerger of its Madura Fashion & Lifestyle business into Aditya Birla Lifestyle Brands Ltd (ABLBL). Shareholders will receive one ABLBL share for each ABFRL share held. Despite the initial drop, ABFRL plans to raise Rs 2,500 crore and has allocated debt between the two entities.
BSE shares: In an earlier corporate filing, the company designated Friday, May 23, 2025, as the record date to determine which shareholders are eligible to receive bonus shares.
Nalco{sin-quite}s Q4FY25 net profit doubled to Rs 2,067.23 crore, driven by higher aluminium prices and improved operations. Revenue surged 47.2% to Rs 5,267.8 crore. FY25 net profit reached Rs 5,267.94 crore, with record bauxite excavation and domestic sales. The company anticipates sustained growth through strategic expansions, with analysts predicting a potential 19% upside for the stock.
Bitcoin has crossed $110,000, reaching a new record. Optimism grew after US senate considered a stablecoin bill. Michael Saylor{sin-quite}s Strategy and other digital-asset firms are buying Bitcoin. Some companies are using bonds and stocks to fund purchases. Traders are focusing on Bitcoin positions expiring in June. Experts suggest a sustained break above $110,000 could lead to $125,000.
The Leela Hotels, operated by Schloss Bangalore, has set a price band of Rs 413-435 for its Rs 3,000 crore IPO, open from May 26–28. The proceeds will mainly go towards debt repayment. Despite losses, the company has shown strong financial recovery, with FY24 revenue rising to Rs 1,226 crore. Listing is planned on NSE and BSE.
Digant Haria of GreenEdge Wealth suggests a market setup where sector rotation is key, with India and emerging markets poised to perform well due to factors like lower crude oil prices and a weakening US dollar.
The rupee depreciated 9 paise to 85.67 against the American currency in early trade on Wednesday (May 21, 2025), as market sentiment soured under pressure from rising U.S. Treasury yields and persistent foreign fund outflows.
The Indian rupee has shown a muted response to the dollar{sin-quite}s decline, puzzling bankers who attribute it to foreign portfolio and corporate outflows. While Asian currencies have generally strengthened, the rupee has weakened, pressured by equity outflows potentially shifting towards Chinese markets. Traders anticipate a range-bound rupee, closely monitoring India-U.S.
India is well positioned to deal with the negative effects of US tariffs and global trade disruptions, due to its large domestic economy and low dependence on exports, Moody{sin-quite}s Ratings said in a report published on Wednesday. India-made goods may even benefit from increased US demand if trade talks lead to lower tariffs on India, compared to other emerging markets, according to the ratings agency.
A proposal by the Donald Trump administration to levy a 5% tax on remittances to other countries could hurt India in particular, as the United States is the largest source of remittances to India, with its share rising over the last 8-9 years.
Concerns are rising over the impending trade deal deadline between India and the United States, leading to market consolidation and profit booking. Inditrade Capital{sin-quite}s Sudip Bandyopadhyay advises caution as the US policymaking remains volatile. Eternal{sin-quite}s stock declined after shareholder approval to cap foreign holding at 49.5%, a strategic decision impacting potential global index inflows.
Billionaire Elon Musk said Tuesday he was pulling back from spending his fortune on politics, asserting his Tesla electric car company was doing well despite blowback over his support of U.S. President Donald Trump.
Gold prices have fallen by Rs 2,500 over the past month amid high volatility, influenced by Moody’s US downgrade and shifting Federal Reserve interest rate outlooks. June futures on MCX opened higher, while silver also gained. Experts expect gold to hold support near $3,120 per ounce amid uncertain global cues and potential Russia-Ukraine ceasefire impacts.
Bharat Electronics Ltd. expects a potential order of up to Rs 40,000 crore from Project Kusha, the indigenous alternative to the S-400 air defence system. The company said it is working as a development partner with the Defence Research and Development Organisation on the project.
Aster DM Healthcare announced a consolidated net profit of Rupees 85.54 crore for the fourth quarter, which ended on March 31, 2025. The company{sin-quite}s revenue from operations for the quarter stood at Rupees 1,000.34 crore. For fiscal year 2025, the consolidated net profit was Rupees 5,407.89 crore. The separation of its Gulf Cooperation Council business was completed.
Indian stock markets rebounded on Wednesday. Sensex and Nifty50 rose, driven by gains in banking, auto, and IT sectors. Ircon International secured a contract, boosting its shares. United Breweries expanded capacity. Foreign fund outflows remained a concern. Asian markets showed mixed trends. Oil prices increased due to Middle East tensions. The rupee weakened against the US dollar.
Deven Choksey of DRChoksey FinServ Pvt. Ltd. suggests the market is experiencing sector and stock rotations, with investors shifting from significantly appreciated stocks like Reliance to previously neglected sectors such as metals, public sector banks, and IT.
Coal India is progressing with listing its subsidiaries, Bharat Coking Coal Ltd and Central Mine Planning and Design Institute, with draft documents soon to be filed. The company has appointed managers for the IPOs, contingent on market conditions.
Ace investor Mukul Agrawal is known for his strategic investments across sectors. With a strong presence in India’s equity markets, his portfolio is closely tracked by retail and institutional investors alike.
Investors often underperform mutual funds due to poorly timed decisions like frequent switching and chasing trends, creating a "return gap." Kaustubh Belapurkar advises diversifying, automating tasks, and avoiding volatile funds to improve returns. Despite recent dips in equity inflows, strong market performance and continued SIP investments signal resilience, though thematic fund popularity raises concerns about timing risk.
Mirae Asset{sin-quite}s Siddhant Chhabria anticipates a multi-year consumption upcycle in India, fueled by easing inflation, tax reliefs, and a rural rebound. The fund is overweight on consumer discretionary stocks, expecting them to outpace staples due to faster growth potential and margin recovery. He highlights the potential impact of the 8th Pay Commission and tax benefits on discretionary spending.
IRCON International{sin-quite}s shares rose 3% after securing a Rs 253.6 crore contract from South Western Railway for implementing KAVACH across 778 route kilometers in Bengaluru and Mysuru divisions. Despite this positive news, the company reported a YoY decline in net profit and revenue for the fourth quarter, with analysts suggesting a potential downside based on current levels.
United Breweries Ltd (UBL) shares surged over 2% following a leasing agreement with Ilios Breweries to expand production in Andhra Pradesh. This move aims to meet the rising demand for Kingfisher and other beverages. UBL reported a 20.5% jump in net profit for the January-March quarter, driven by premium beer volume growth of 34%.
SBI board has approved raising up to $3 billion in long-term funds via senior unsecured notes in FY26. The capital will be mobilised through public or private placements in USD or other major currencies. The fundraising, approved by the Executive Committee, will occur in one or more tranches under Reg-S/144A.
KPR Mill shares: KPR Mill currently has a market capitalization of approximately Rs 42,000 crore. Earlier this month, the company reported a 4% year-on-year drop in its Q4 net profit, which stood at Rs 204.55 crore, with revenue also falling 4% to Rs 1,769 crore.
United Spirits reported a 75% YoY rise in Q4 net profit to Rs 421 crore, driven by steady revenue growth and strong EBITDA performance. The board recommended a final dividend of Rs 8 per share. Despite a challenging demand environment, the company delivered robust NSV growth, maintaining confidence in sustained medium-term growth and value creation.
Shares of Aditya Birla Fashion and Retail Ltd. will be in focus on Wednesday, as it marks the last session for investors to buy shares under the T+1 settlement cycle to qualify for receiving equity in the new company after the demerger of its Madura Fashion and Lifestyle business. The demerger ratio is set at 1:1.
Dixon Technologies posted a stellar Q4 performance with PAT soaring 322% YoY to Rs 401 crore, driven by a 121% revenue jump to Rs 10,293 crore. Operating profit grew 143%, supported by a Rs 250 crore exceptional gain. For FY25, revenue rose 120% to Rs 38,860 crore, while PAT nearly tripled to Rs 1,096 crore, reflecting strong demand and improved margins.
The outlook by most of the businesses also continue to be fairly optimistic. So, if one selects a decent set of companies, it will not be very difficult to generate a 15% to 20% earnings growth at the portfolio level for the next two years.
Morgan Stanley views the recent drawdown in Indian equities from their September 2024 highs as a compelling opportunity to invest in India’s long-term structural growth story. Despite global market volatility, India’s robust macroeconomic fundamentals and resilient earnings outlook continue to position it as a core investment destination.
Emkay Investment Managers{sin-quite} Sachin Shah highlights a mega-trend of US corporates diversifying supply chains globally, benefiting countries like India. He believes India is poised to gain incremental market share in sectors like specialty chemicals and pharmaceuticals. With cooling trade war tensions and increasing FII inflows, India stands out among emerging markets, showcasing its domain expertise and scale.
Accretion Pharmaceuticals, a Gujarat-based pharma manufacturer, concluded its SME IPO with a strong subscription of 7.31 times. The IPO, priced at Rs 96-101 per share, aims to utilize proceeds for capital expenditures and facility upgrades. Despite robust financial growth and international presence, the grey market premium remained flat, indicating market caution ahead of its NSE SME platform listing.
Borana Weaves{sin-quite} IPO continued to attract strong interest on Day 2, with overall subscription reaching 8.5 times and the retail portion booked 25 times. The IPO{sin-quite}s grey market premium (GMP) surged to Rs 60, indicating a potential 28% listing gain. The issue aims to raise Rs 144.89 crore and closes on May 22.
The Bank of Japan is under pressure to change its bond tapering strategy. This is due to a sharp increase in super-long bond yields. Some market participants want the BOJ to buy more bonds. Others suggest halting the tapering of these bonds. The BOJ will review its tapering plan next month.
James Hardie Industries reported a 9% drop in annual profit, leading to a 7% share price decline. The company anticipates weaker-than-expected earnings growth for fiscal year 2026, projecting low single-digit growth in adjusted EBITDA. This outlook is driven by anticipated market volume declines in North America and broader macroeconomic uncertainties impacting home construction costs and consumer sentiment.
NRIs invested around USD 3.1 billion (INR 26,000 crore) in Indian real estate during the first half of 2024, following a total of about USD 13 billion in 2023, Sreepriya NS, Co-founder and Director of Entrust Family Office said in an interview with ETMarkets.
HAL shares: UBS has set a new 12-month price target of Rs 5,600 per share for HAL, indicating a potential upside of 14.5% from its Monday closing price of Rs 5,016. The brokerage had previously set the target at Rs 5,440.
Sreepriya NS, Co-founder and Director at Entrust Family Office, offers valuable insights into the financial thinking of Non-Resident Indians (NRIs). She explains how their mindset is shaped by multiple factors, making it diverse yet strategic.
Redington shares: The company reported a consolidated net profit of Rs 917.7 crore for Q4 FY25, a significant increase from Rs 323.9 crore in the same quarter last year. Revenue grew 17.9% year-on-year, reaching Rs 26,439.7 crore compared to Rs 22,433.4 crore in Q4 FY24.
JK Paper{sin-quite}s shares plummeted following a Q4FY25 earnings report revealing a 72.3% drop in net profit to Rs 77.05 crore. Revenue saw a slight dip, and EBITDA margins contracted significantly due to surging imports and high wood costs. Despite profit pressures, the company achieved record sales and recommended a dividend of Rs 5 per share.
Market expert Nischal Maheshwari suggests a consolidation phase after a strong run. He anticipates a potential new high in the current fiscal year. Financials are expected to continue performing well. Cement shows strong volume growth and price improvement. The US market is also expected to grow. Chemical sector is poised for a strong comeback.
From favourable demographics and improving infrastructure to strategic diversification and early-stage investment opportunities, these regions are drawing attention for more than just their growth potential — they offer resilience, reach, and a new edge to global wealth strategies.
IndusInd Bank shares: The investigation seeks to establish whether these officials sold employee stock options while having knowledge of accounting irregularities at the bank—prior to the disclosure of this information—according to two sources with knowledge of the matter, Reuters reported.
RVNL shares: The contract covers the provision, installation, testing, and commissioning of signalling, telecommunications, and Electronic Interlocking (EI) systems at ten new stations: Surakachhar, Block Cabin, Katghora Road, Bhingra, Putuwa, Matin, Sendurgarh, Putipakhana, Dhangawan, and Bhadi.
In the Nifty500 pack, five stocks that witnessed a 5-year swing high at the close on May 19, suggesting bullishness in counters, according to stockedge.com{sin-quite}s technical scan data.
Elon Musk is in a legal fight with Microsoft but made a friendly virtual appearance at the software giant{sin-quite}s annual technology showcase to reveal that his Grok artificial intelligence chatbot will now be hosted on Microsoft{sin-quite}s data centers.
Just when you had your surfeit of headlines screaming of blood and gore, come the drumbeats of a new conflict. However, in this new one, the belligerents do not swap bullets but barrels. Yet, this incipient conflict is shaping to be a “mother of all battles” perhaps with a more universal impact than the destruction being wrecked in various corners of the world.
Nomura remains bullish on Godrej Consumer Products Ltd., reiterating a {sin-quite}buy{sin-quite} rating with a raised target price of Rs 1,485, implying a 14.2% upside. The brokerage sees GCPL{sin-quite}s continued foray into future-facing and disruptive categories as key to its growth, with India volumes expected to grow in mid-to-high single digits and Ebitda in double digits for the current fiscal.
Waaree Energies will be in focus after board approval to acquire Kamath Transformers for Rs 293 crore and Green New Delhi Forever Energy for Rs 1 lakh per share. Both acquisitions, aimed at business expansion, are expected to complete in FY26 and will be funded through cash. The stock trades above key moving averages despite a ‘Sell’ rating with a 12% downside target.
Jigar Mistry of Buoyant Capital notes a dichotomy in the Indian market: strong macro indicators contrast with elusive earnings recovery, particularly in mid and small-cap sectors. While banks drive Nifty{sin-quite}s growth, retail behavior shows mixed signals with rising SIPs alongside high cancellation rates. Mistry emphasizes that sustained market levels depend on earnings catching up with strong flows.
Several leading brokerages have recently updated their outlooks and target prices on select high-potential stocks, reflecting confidence in their growth trajectories and sectoral tailwinds for the next 12 months.
Jigar Mistry of Buoyant Capital favors healthcare, materials, chemicals, and banking sectors, preferring large-cap private banks over PSU banks. He remains positive on both generic and CDMO pharma segments, dismissing tariff concerns. Mistry believes valuations are elevated, especially for narrative-driven stocks lacking earnings, advocating for a focus on fundamentals over market flows.
Bharat Electronics Limited reported a robust 18% YoY increase in net profit, reaching Rs 2,127 crore for Q4FY25, alongside a 7% rise in revenue to Rs 9,150 crore. The board proposed a final dividend of Rs 0.90 per share.
Integrity Infrabuild Developers, a Gujarat-based firm, will list on the NSE SME platform. The IPO price was Rs 100 per share. It was oversubscribed 2.17 times. The company will use the IPO proceeds for machinery, working capital, and corporate purposes. The firm specializes in government projects. It has secured contracts worth Rs 206 crore. Aryaman Financial Services managed the IPO.
Borana Weaves, a Surat-based textile manufacturer, launched its IPO today, aiming to raise approximately Rs 145 crore through a fresh issue of shares. The IPO, priced between Rs 205 and Rs 216 per share, will fund a new manufacturing unit and working capital.
Hindalco Industries is expected to announce its Q4FY25 earnings, with brokerages predicting a net profit growth between 25% and 55%. Revenue could rise by 4% to 12%, driven by higher aluminium and alumina prices. Axis Securities anticipates a strong performance, with a 29% YoY increase in PAT and a 12% YoY growth in revenue.
Macquarie has reaffirmed its ‘outperform’ rating on Sun Pharmaceutical Industries Ltd. and raised its target price to Rs 2,135 from Rs 2,100, following the company’s successful bid to acquire Checkpoint Therapeutics. Despite the offer being significantly higher than rival bids, Macquarie sees the acquisition as value accretive and strategically sound.
Gold prices experienced a slight dip as the dollar strengthened and optimism grew regarding potential ceasefire negotiations between Russia and Ukraine. Spot gold fell by 0.4% to $3,217.50 an ounce, while U.S. gold futures also declined. Investors are cautiously watching remarks from Federal Reserve officials amidst economic uncertainty and recent credit rating downgrades.
China has reduced its benchmark lending rates. This is the first cut since October. The one-year loan prime rate and the five-year LPR both saw a decrease. These rates influence loan pricing and mortgages. This action follows other stimulus measures by Beijing. The aim is to mitigate economic damage from the trade war with the United States.
Oil prices experienced a slight increase due to potential setbacks in U.S.-Iran nuclear talks, diminishing prospects of increased Iranian oil supply. Disagreements over uranium enrichment continue to stall progress. Concerns about a U.S. sovereign downgrade and decelerating economic growth in China, a major oil importer, are also weighing on prices, creating near-term volatility.
The dollar{sin-quite}s value remained stable after a week of decline. This was due to the Federal Reserve{sin-quite}s economic concerns. Also, there was anticipation of a bill increasing the fiscal deficit. Moody{sin-quite}s downgrade of the U.S. sovereign rating added to the pressure. Attention is now on President Trump{sin-quite}s tax cuts.
Wall Street indices closed mixed on Monday. Moody{sin-quite}s downgraded the U.S. credit rating due to rising debt. S&P 500 marked its sixth straight session of gains. Healthcare and consumer staples sectors performed well. Energy and consumer discretionary stocks declined. TXNM Energy surged after Blackstone{sin-quite}s acquisition announcement. Novavax shares rose after COVID-19 vaccine approval. Regeneron acquired 23andMe.
The U.S. dollar faces headwinds from trade uncertainties, rising fiscal debt, and waning confidence in U.S. exceptionalism, leading investors to reduce exposure to U.S. assets. A Moody{sin-quite}s credit downgrade and overvaluation concerns have further fueled the dollar{sin-quite}s decline, with speculators holding significant net short positions. While some anticipate a potential rebound if the U.S.
Despite market euphoria, top-performing PMS funds are strategically loading up on 36 unique stocks. These portfolios, delivering strong returns in April, reveal focused bets on midcap financials, digital disruption, and select plays in real estate and defence. While some experts caution against trend-driven segments, these holdings offer insights into where seasoned investors are placing their capital.
Gold price in India recovered losses on Tuesday to rise to Rs 93,700 per 10 grams as of 7 a.m., according to the India Bullion Association. The gold price was at Rs 92,880 per 10 grams as of 7 a.m., on Monday.
Inox India Ltd. is currently well-positioned for continued success across its segments, which should likely align with the cryogenic equipment manufacturer{sin-quite}s expected revenue growth rate of 18–20% for the current financial year.
Defence and aerospace electronics solutions provider Data Patterns (India) Ltd. is aiming for 20-25% growth in revenue and profit in FY26, according to Chairman and Managing Director Srinivasagopalan Rangarajan. “Looking at the last year versus this year, we still retain the guidance of 20% to 25% topline and bottomline growth…One, on whatever products we deliver, which involves repeated...
New technologies, financial technologies, defence, and renewables are now part of Motilal Oswal Asset Management Co.{sin-quite}s portfolio preference. This is because these are alpha spaces—emerging spaces with higher growth potential, said Managing Director and Chief Executive Officer Prateek Agrawal.
Asian shares rose for the first time in four days, putting a regional gauge close to levels last seen in October as trade tensions continue to tamp down. The MSCI Asia Pacific index gained 0.5% after the S&P 500 index climbed Monday to the brink of a bull market. Shares in Hong Kong advanced 1.3%, with Contemporary Amperex Technology Co. Ltd. jumping as much as 18% in its debut. Treasuries were steady after whipsawing on Monday with the downgrading of US debt by Moody’s Ratings. US equity-index futures dropped 0.3% while gold dipped 0.5% on weak demand for havens.
India is discussing a US trade deal structured in three tranches and expects to reach an interim agreement before July, when President Donald Trump’s reciprocal tariffs are set to kick in, according to officials in New Delhi familiar with the matter.
Company’s latest super-luxury offering - The Dahlias, received encouraging demand and generated Rs 13,744 crore in new sales bookings during the fiscal. This has resulted in the monetization of approximately 39% of the estimated total sales potential of this project within the first year of its launch.
The capital markets regulator has introduced a credit-rating based quota for allocating limits for anchor investors, according to a circular issued on Friday. Earlier, the anchor allocation was capped at 30% of the base size.
Oil was steady after a two-day gain, as the market digested signs that US President Donald Trump is pulling back from his efforts to end the war between Ukraine and Russia. Brent crude traded near $66 a barrel, while West Texas Intermediate was below $63. Trump said that Ukraine and Russia would “immediately” begin negotiations on a ceasefire, but possibly without the US and without any sign of further pressure on the OPEC+ producer.
A basket of 24 listed companies within India’s defence ecosystem is currently valued at just over $16 billion. Notably, this excludes large conglomerates with significant defence operations and unlisted players.With India making a push to strengthen its defence capabilities further, there is a strong argument to be made that this ecosystem could grow tenfold over the next decade. Sector watchers believe that the growth will be driven...
For India, these changes could impact the demand for Indian products in both the US and Chinese markets, as lower tariffs may make Chinese goods more competitive. Additionally, the evolving US-China trade relationship could affect the ongoing US-India trade negotiations. If a US-India deal is finalized, it could have significant implications for key Indian sectors such as textiles, pharmaceuticals, and IT, which are closely tied to US trade policies
Manish Sonthalia of Emkay Investment Managers suggests markets will trade rangebound between 24,000 and 26,000 for the next month and a half, awaiting tariff clarity. He highlights institutional buying and better-than-expected Q4 earnings, especially in mid and small-cap sectors, as market supports.
European stocks dipped on Monday, snapping a five-week winning streak, as a surprise U.S. credit rating downgrade and weak economic data from China weighed on investor sentiment.
Responding to Chadha’s post, Abhinav Roy commented, “Retrieving shares from the IEPF is extremely frustrating. I applied for my father’s shares, and even after 1.5 years and getting all approvals from the RTA, the shares still haven’t been credited!”
Indian textile stocks surged following the ban on Bangladesh imports via land ports. This ban is expected to boost the domestic textile sector by over Rs 1,000 crore. Siyaram Silk Mills and other textile companies experienced significant gains. Industry experts anticipate potential supply issues and price increases for certain garments.
IDFC First Bank{sin-quite}s shareholders have rejected a proposal that would have allowed Warburg Pincus{sin-quite} arm, Currant Sea Investments BV, to nominate a non-executive director on the bank{sin-quite}s board, failing to secure the required 75% majority. While institutional investors largely opposed the resolution, retail investors overwhelmingly supported it.
Sandip Sabharwal suggests that auto, consumer durables, infrastructure, and capital goods sectors, previously subdued due to elections, may see a revival. He expresses concern over platform companies{sin-quite} capital allocation and the lack of moat in quick delivery services. Sabharwal notes muted cement volume growth and high valuations in the EMS space, making it difficult to find value.
Hindustan Aeronautics Limited shares may rise. Brokerage firms predict the stock will surpass Rs 6,000 soon. This forecast follows the company{sin-quite}s recent financial results. While revenue and profit declined, they exceeded expectations. Nuvama and Motilal Oswal maintain a buy rating. Antique Stock Broking is highly bullish. They cite strong order inflows and modernization efforts as key drivers.
Many of the real estate stocks have corrected also. But I would still think that they are not really cheap relative to the growth prospects in the near term. So, we need to wait to see corrective moves, better opportunities, etc. So, if people need to invest, DLF seems to be better placed vis-à-vis the other companies on a valuation as well as risk-return perspective. But overall, my view is that real estate after the sharp run-up needs to consolidate for some more time.
WazirX users have been waiting for more than six months to access their locked crypto funds. Their wait will be longer as the Singapore court has extended an existing moratorium to June 6.
Rail Vikas Nigam Limited shares saw a surge. This followed the announcement of a new wholly owned subsidiary. The subsidiary is named Sabbavaram Sheelanagar Road Development Limited. It is based in Andhra Pradesh. RVNL also secured a contract from Central Railway. The contract is worth Rupees 159.79 crore. RVNL shares have shown positive growth over the past week and month.
Inox Green Energy Services on Monday signed agreements to provide operations and maintenance services for 285 MWp of solar projects. The agreements are with two leading renewable energy companies, the company said in an exchange filing.
Gold prices experienced a surge due to Moody{sin-quite}s downgrade of US credit ratings and dollar weakness, crossing Rs 94,000 in domestic markets. However, gains were partially offset by hopes of a Eurozone-China trade breakthrough and progress in Russia-Ukraine peace talks. Technical analysis suggests a short-term bearish trend for gold, with vulnerability below Rs 95,000.
Nvidia said on Monday it plans to sell a technology to others that will tie chips together in order to speed up the chip-to-chip communication needed to build and deploy artificial intelligence tools.
Gold prices have fallen nearly 10% from a record high of $3,500.05 per ounce reached on April 22. As of Friday, spot gold is trading around $3,180 per ounce, marking its worst weekly performance in six months. The decline comes amid a shift in investor sentiment following changes in global trade dynamics. (Source: Reuters)
The volatility and the turmoil that we had might lessen a little bit down the road. There is some sense of stability to the extent that you can get stability in Trump administration, but that the feeling is that yes, the dust is settling, he has certain policies that will work.
Shares of Mazagon Dock fell 4.2% to Rs 3,377.40 on the BSE, while Cochin Shipyard slipped 3.7% to Rs 1,960.05. HAL declined by up to 3% to Rs 4,972.10, and GRSE dropped 4.4% to Rs 2,372.20. This pullback comes after a strong rally last week, during which all four stocks recorded double-digit gains — with Cochin Shipyard and GRSE jumping over 40% between May 9 and May 17.
In the next 12 to 18 months, at least five companies from mainland China and Hong Kong are planning to list on the Singapore Exchange (SGX). These include firms from the energy, healthcare, and biotech sectors. While the specific names remain undisclosed, the trend reflects growing interest in Singapore as a listing destination. (Source: Reuters)
Protean eGov Technologies Ltd.{sin-quite}s share price hit the 20% lower circuit after Equirus Securities downgraded the stock to {sin-quite}sell{sin-quite}, as outlook on revenue growth turned bleak after it lost the PAN 2.0 government project. The brokerage has also reduced the target price to Rs 900 from Rs 1,730 apiece.
Globally, gold prices rose above $3,220 per ounce on Monday, bouncing back from last week’s sharpest drop in six months. The rebound was driven by renewed safe-haven demand following Moody’s downgrade, which highlighted fiscal imbalances and increasing debt costs.
The rupee appreciated 16 paise to 85.41 against the U.S. dollar in early trade on Monday, supported by a weak American currency in the overseas market and strong foreign fund inflows.
India, of course, we hope they get a trade deal with the US, whatever that means, but India is less vulnerable to pressure on the tariff front than are some of these other markets. And I agree with Rajat in terms of the domestic drivers to the economy looks pretty good.
Zen Technologies shares: Operating revenue surged 130% year-on-year to Rs 324.97 crore, up from Rs 141.38 crore in Q4FY24. However, total expenses also increased by 106% to Rs 195.7 crore for the quarter.
Protean eGov Technologies{sin-quite} share price plummeted 20% after the Income Tax Department didn{sin-quite}t select them for its PAN systems revamp project. Despite this setback, the company believes it will have minimal impact on their existing PAN processing services. The stock has erased its gains from the past year, even with notable investors like Ramesh Damani holding stakes.
Shares of Zen Technologies Ltd., Premier Energies Ltd. and Kalpataru Projects Ltd. were in focus on Monday, after the companies announced their fourth quarter results. Precision Wires Ltd. shares rose the most, while Gujarat Abuja Exports Ltd. fell the most, among the companies that announced their results for quarter ended March.
Markets opened flat on Monday as gains in financials were offset by IT losses amid weak global cues after Moody’s cut the U.S. credit outlook.
Hindustan Aeronautics Ltd. gets a price target boost from Jefferies on robust order visibility and margin expansion. The brokerage has raised its price target to Rs 6,475, up 33% from its previous target of Rs 4,715. That{sin-quite}s the second-highest price target so far among the analysts tracked by Bloomberg. HAL{sin-quite}s fourth-quarter Ebitda for the previous fiscal beat expectations by 4%, with a standout margin of 38.7%, with a surprise jump of 765 basis points. Jefferies noted that management sees margins stabilising at 30–31% going forward, driven by a focus on cost optimisation.
Indian markets may consolidate on Monday amid mixed global cues. Nifty futures closed flat, while India VIX dropped over 2%. Analysts see a broader range of 24,500–25,500, with support at 24,850. Bank Nifty hit a record high, indicating bullish momentum. Experts recommend buying D-Mart, DLF, and Exide Industries for short-term gains.
The Indian Rupee opened 12 paise stronger at 85.44 against the US Dollar on Monday, compared to its closing rate of 85.52 a dollar on Friday. This movement comes amid a backdrop of global economic developments and market reactions.
Nvidia chief executive Jensen Huang is set to open the Computex trade show in Taiwan on Monday, where he is expected to discuss the company{sin-quite}s advancements in artificial intelligence server systems, cloud computing products and robotics.
Following Trump{sin-quite}s tariff pause in April 2025, the Nifty Healthcare index rebounded strongly, rising 7%. Mutual funds increased holdings in several healthcare stocks, with Syngene International seeing the highest buying. While some stocks like Zydus Lifesciences faced sell-offs, the sector{sin-quite}s overall performance remained robust, outperforming the Nifty.
Bharat Electronics Ltd. (BEL) shares rallied 2% following strong Q4 earnings, with a 30% rise in net profit and a 32% increase in revenue. The company secured new defence orders worth Rs 572 crore, including drone detection systems and communication equipment.
Apple is expected to launch its iPhone 17 series this September, with reports suggesting the introduction of a new ultra-slim model, the iPhone 17 Air. While the spotlight remains on the flagship iPhone 17 Pro and Pro Max, the anticipated launch of the lightweight Air variant is drawing significant attention ahead of the official announcement.
Bajaj Auto shares:Bajaj Auto International Holdings BV, a fully owned subsidiary of Bajaj Auto, has entered into loan agreements totaling €566 million with JPMorgan Chase, DBS Bank, and Citigroup Global Markets Asia. As stated in a stock exchange filing on Friday, the loans are unsecured and have a maturity period of one year.
The government is unlikely to extend InterGlobe Aviation Ltd.’s leasing agreement with Turkish Airlines, in a move that signals further strain in bilateral ties, according to people familiar with the matter. The current pact, which enables IndiGo to operate wide-body aircraft on the Delhi-Istanbul route, expires on May 31.
Delhivery{sin-quite}s shares rallied following a strong Q4FY25 turnaround, reporting a net profit of Rs 73 crore. Revenue saw a YoY increase, and expenses were significantly trimmed, boosting EBITDA. Nuvama has revised its target price upwards, encouraged by robust PTL segment margins and anticipating further gains from express parcel consolidation and strategic positioning.
OpenAI plans to help develop a massive new data center in the United Arab Emirates that may eventually be one of the largest in the world, a major bet on the Middle East and a significant expansion of the company’s global AI infrastructure ambitions.
Microsoft has offered to sell its Office product without Teams at a lower price than Office with Teams as well as offer rivals better interoperability access to its services and products, EU antitrust regulators said on Friday.
Brokerages remain bullish on select large-cap stocks across sectors such as financials, auto, and real estate. According to Trendlyne data, 10 BSE large-cap stocks, including SBI, Tata Motors, ITC, Trent, and DLF, have strong analyst ratings and may deliver returns of up to 32%. Here{sin-quite}s the list:
Gensol Engineering Limited said its Chief Financial Officer Jabirmahendi Mohammedraza Aga has resigned with immediate effect, citing the ongoing challenges faced by the company in wake of the ongoing investigations.
Cryptocurrencies have emerged as a significant force in wealth management, offering potential for diversification and higher returns, but also presenting challenges like volatility and regulatory uncertainty. Integrating digital currencies requires careful consideration of risks, security measures, and the need for ongoing education to navigate the evolving landscape effectively.
After a period of panic fueled by trade war fears, Wall Street has rebounded, driven by optimism surrounding potential tariff progress. Risky assets have rallied, yet skepticism persists due to lingering concerns about policy shocks and economic strains. Investors remain cautious, with some anticipating further market volatility despite the recent gains.
Shaji Varghese, CEO of Muthoot FinCorp, integrates fitness into his leadership, completing numerous marathons and trekking to Everest Base Camp. He emphasizes habit-building and wellness, which have shaped his leadership style and company culture. Varghese promotes initiatives like the Muthoot Health Triangle and fosters a learning environment through a curated library, highlighting the importance of continuous growth and well-being.
U.S. retail earnings reports are poised to reveal the economic impact of fluctuating tariffs and assess the stock market{sin-quite}s recovery. Walmart{sin-quite}s warning about potential price increases due to tariffs has heightened investor scrutiny of retailers{sin-quite} responses to the evolving trade landscape. These reports will also provide insights into consumer spending, a crucial component of the U.S.
US economy faces challenges. Consumer confidence declines to levels not seen since 1980. Inflation expectations rise sharply. Trade tensions and tariffs worry consumers. Financial markets initially rallied after the US-China trade truce. Tech stocks surged. Gold prices fell. Economic data showed mixed results globally. Investors monitor developments and potential market shifts.
American consumer confidence declined in May. Inflation expectations rose to levels not seen since 1981. Concerns grew over President Donald Trump{sin-quite}s trade policies. Even Trump{sin-quite}s supporters showed worry. Retail giant Walmart warned of price increases. Consumer spending might decrease. The economy contracted in the first quarter. Housing market activity also slowed down.
So, I would say that we have actually a 12-years of a big bull market, means that people want to actually take a lot of risk in equity and they do not want to be in the safest parts of the market whether it is largecap or quality, that is why first we came up with a fund called
Mumbai airport on Friday (May 16, 2025) said Indo Thai Airport Services will be carrying out the ground handling works at the airport for three months.
The S&P 500 steadily added to gains from late morning, while investors took weak data in their stride. The University of Michigan Surveys of Consumers said its Consumer Sentiment Index slumped further in May while one-year inflation expectations surged to 7.3% from 6.5% last month.
The borrowing is against the group{sin-quite}s 9.2% stake in Tata Sons held via Sterling Investment, all shares in its real estate company, Shapoorji Pallonji Real Estate, and its oil and gas business, SP Energy.
Neuland Laboratories{sin-quite} shares plunged, extending losses due to investor concerns over a 59% drop in Q4 profit, despite strong guidance. Increased operating costs and reduced sales volumes triggered the decline. While the company anticipates better growth in FY26, peers have reported stronger results and promising outlooks, further impacting investor sentiment.
The brokerage said it cut its FY25 Profit after Tax (PAT) estimates by 22% due to this ₹6.74 billion reversal. It also slashed the FY26 and FY27 PAT estimates by 13%-17%, citing Net Interest Margin (NIM) compression and lower growth.
The framework provides for additional disclosures to be made by ODI subscribers and FPIs (foreign portfolio investors) with segregated portfolios.
In this week’s wrapup, we talk about Pepsi’s fall from grace in the soda wars, whether government bailouts actually fix anything, TRAI’s new spectrum rules that could launch India’s satellite internet race, the surprising rise of cannabis drinks in the US, and why humanoid robots could be the next big thing but a challenge to India’s labour edge.
Shares of Rites (Rail India Technical and Economic Service) jumped 15.7%, followed by Titagarh Rail Systems, which gained 12.8%. Shares of Rail Vikas Nigam(RVNL), BEML and Indian Railway Finance Corporation (IRFC) went up between 6% and 9% at close.
Moody{sin-quite}s Ratings has downgraded the U.S. government{sin-quite}s credit rating from Aaa to Aa1, citing concerns over rising debt and persistent deficits. This decision makes Moody{sin-quite}s the final major agency to lower the U.S. rating, following similar moves by Standard & Poor{sin-quite}s and Fitch. Political gridlock and increasing interest payments contribute to the bleak outlook.
A one-time charge of about ₹1,960 crore, tied to accounting discrepancies in its derivatives portfolio, is expected to dent the bottomline at the lender that has lately been consuming column inches over uncomfortable disclosures.
Bitcoin surpassed $104,000, fueled by expectations of US interest rate cuts and increased institutional investment, despite a slowdown in ETF inflows. Analysts point to strong short-term momentum and potential for new all-time highs if Bitcoin breaks through the $105,200 resistance level. Macro indicators and sovereign fund adoption further support a bullish outlook for the cryptocurrency.
State-run Indian Renewable Energy Development Agency Ltd. (IREDA) on Friday (May 16, 2025) moved an insolvency petition against Gensol Engineering Ltd before the National Company Law Tribunal (NCLT), Ahmedabad, following which NCLT directed for issue of notices to Gensol and posted the case for hearing on June 3.
Gensol Engineering{sin-quite}s shares have surprisingly rallied despite facing significant regulatory and financial turmoil. The surge occurs amidst the resignation of key executives due to a SEBI probe into alleged fund siphoning. Adding to the company{sin-quite}s woes, IREDA has filed an insolvency petition over a substantial loan default, further clouding Gensol{sin-quite}s future.
Indian government bonds experienced gains in early trading, influenced by rising U.S. Treasuries, as traders prepared for a weekly debt sale. The positive sentiment was further supported by signs of a slowing U.S. economy, increasing expectations of Federal Reserve interest rate cuts.
Sandip Sabharwal suggests that the Indian markets are poised for a good year, driven by reduced global tensions, lower inflation and interest rates, and increased government spending. Mutual funds{sin-quite} high cash positions provide a market cushion. While valuations are not cheap, infrastructure, construction, capital goods, autos, and select NBFCs offer opportunities, with Reliance expected to outperform.
Leading this performance of nationalism are Meta, OpenAI and, more predictably, Palantir, the AI defence company founded by Peter Thiel, the conservative tech billionaire who has played a major role in Silicon Valley{sin-quite}s rightward shift.
Zomato and Swiggy shares increased as they removed the rain surcharge waiver from membership programs, impacting even paying subscribers. This move aims to support delivery partners during adverse weather and enhance profitability, especially with losses in quick commerce. Zomato{sin-quite}s food delivery EBITDA rose 55% YoY, while Swiggy{sin-quite}s jumped fivefold, highlighting the sector{sin-quite}s importance.
Cochin Shipyard shares: Antique Stock Broking anticipates a significant rise in the order books of India’s defence shipbuilders, projecting that combined orders for GRSE, Cochin Shipyard, and Mazagon Dock Shipbuilders could more than triple by FY27. This outlook is backed by increasing indigenization, a solid policy framework, and a strong defence capital expenditure pipeline.
Arvind Sanger from Geosphere Capital Management indicates renewed investor interest in non-US markets, particularly India, citing improved growth prospects. He notes that while the previous quarter was unremarkable, positive developments like receding geopolitical tensions, supportive RBI policies, and a rebounding US market are boosting confidence.
JSW Paints is reportedly in exclusive talks to acquire Akzo Nobel India, potentially outbidding a consortium led by Advent International. The deal, offering a slight discount to the market price, could significantly boost JSW Paints{sin-quite} market position, especially in the luxury segment. However, Akzo Nobel India faces sector-wide challenges like shrinking margins and increased competition.
Gold futures opened lower at MCX, continuing a week-long price decline, while silver also saw a slight dip. Despite early session losses due to easing geopolitical tensions, both metals recovered following mixed U.S. economic data and a weaker dollar. Experts suggest monitoring volatility and key support levels for trading gold and silver.
The rupee strengthened to 85.42 against the dollar, propelled by robust foreign fund inflows and a weaker dollar index. Gains were limited by a widening trade deficit, a sluggish equity market start, and rising Brent crude prices. India{sin-quite}s April exports saw a 9.03% increase, but the trade deficit hit a five-month high at USD 26.42 billion due to increased imports.
Sunny Agrawal from SBI Cap Securities suggests a constructive short-term market outlook, anticipating a potential 50 basis point rate cut by the RBI. He recommends overweighting banking (ICICI Bank, HDFC Bank, Indian Bank), auto (Mahindra & Mahindra, Force Motors), and oil & gas (HPCL) sectors.
Shenzhen and Mumbai stock tickers reveal the truth about the aerial fight between India and Pakistan. Chinese defence stocks fell sharply, while Indian defence stocks rallied. Operation Sindoor demonstrated India{sin-quite}s military might with indigenous weapons. Prime Minister Narendra Modi showcased the undamaged S-400 system. India aims to boost defence exports significantly by 2029.
Billionaire Terry Smith, often called "the English Warren Buffett," argues that replicating Buffett{sin-quite}s success is impossible today. He cites Munger{sin-quite}s influence, leveraging insurance float, and Berkshire{sin-quite}s closed-end structure as key advantages. Smith also points to a changed regulatory environment and the dominance of ETFs as barriers.
The United Arab Emirates is expected to secure a deal giving it expanded access to advanced artificial intelligence chips from the United States, after previously facing restrictions over Washington{sin-quite}s concerns that China could get its hands on the technology.
Both benchmark indices hit seven-month highs on Thursday. This week alone, the Nifty has climbed nearly 4.5%, while the Sensex is up around 4%. They now sit just 4.6% and 4% below their record highs reached on September 27, 2024.
LIC Housing Finance shares fell by 2.2% to their day’s low of Rs 610.95 on the BSE even after the company reported a 25% year-on-year increase in net profit for Q4FY25 at Rs 1,368 crore, up from Rs 1,091 crore in the same quarter last year. This was supported by a sharp reduction in provisions.
PB Fintech posted a 185% YoY jump in Q4FY25 net profit to Rs 171 crore, with revenue rising 38% to Rs 1,508 crore. Full-year PAT surged 448% to Rs 353 crore, driven by strong growth in health insurance. Core insurance revenue rose 46%, while credit revenue declined 21%. The company ended the quarter with Rs 5,406 crore in cash.
Godfrey Phillips reported a 30.7% increase in consolidated net profit, reaching Rs 293.96 crore for the March quarter of FY25, alongside a significant 70.6% surge in revenue from operations. Despite increased expenses, the company{sin-quite}s annual net profit also grew by 24.45%. However, analysts suggest a potential downside for the stock, despite its impressive gains over the past few months.
Sandip Sabharwal suggests that market macros are favorable with decreasing inflation and interest rates, alongside increasing government spending. He believes geopolitical tensions are easing, creating a positive environment despite investor hesitancy. While advising investors to remain invested, he suggests staggering new investments. He also notes Reliance{sin-quite}s potential for growth hinges on its investment cycle and cash flow generation.
Rail Vikas Nigam Limited secured a Rs 159.79 crore contract from Central Railway. The project involves upgrading the electric traction system in the Itarsi - Amla section. The project is expected to be completed in 24 months. RVNL{sin-quite}s board will meet on May 21 to consider a final dividend. Surender Singh has been appointed as a non-official part-time director.
Indian markets are likely to open higher on Friday, supported by strong global cues and bullish signals from the derivatives segment. The Put-Call Ratio jumped to 1.08, while India VIX dropped nearly 2%. Experts recommend buying on dips with key support at 24,750. Stock picks include Trent, TVS Motor, ICICI Bank, and M&M for short-term traders.
Indian markets rebounded sharply on Thursday, with the Sensex rising over 1,200 points and the Nifty reclaiming 25,000. Strong gains in metals, auto, realty, and energy backed bullish momentum. Coromandel International, Shree Cement, and Aster DM Healthcare hit fresh 52-week highs. Analysts highlighted bullish chart patterns and expect further upside in the near term.
As a result, we believe that markets can remain volatile due to external factors (tariff war & India-Pakistan conflict) in the near-term, but expect fundamentals i.e., earnings & GDP growth to drive returns over the long-term.
Brokerage firms Jefferies and CLSA are both optimistic about Crompton Greaves Consumer Electricals Ltd., highlighting a strong margin recovery in the final quarter of fiscal 2025 and improved growth visibility across segments.
Goldman Sachs has expressed confidence in Piramal Pharma Ltd.{sin-quite}s ability to deliver top-quartile profit growth, driven by high operating and financial leverage. The brokerage firm noted that the firm is well-positioned within its coverage to achieve significant profit growth.
Adani Airport said it has terminated the ground handling concession agreement with Celebi at Mumbai and Ahmedabad airports with immediate effect and has asked it to handover all ground handling facilities for seamless service at these airports.
IndusInd Bank shares: In a regulatory filing on Thursday, the bank disclosed that a discrepancy was identified following a whistleblower complaint. The Audit Committee then instructed the Internal Audit Department (IAD) to investigate transactions recorded under both "other assets" and "other liabilities."
Defence stocks are having their moment in the limelight, with most seeing a rally in the aftermath of the India-Pakistan ceasefire understanding, following Operation Sindoor. The Nifty India Defence index has seen a rise of nearly 16% since April 22.
Sajjan Jindal Family Trust plans to sell JSW Infrastructure shares worth up to Rs 1,200 crore via a block deal, offering 42 million shares at a floor price of Rs 288 per share. This move aims to meet SEBI{sin-quite}s minimum public shareholding requirements.
Shiv Chanani of Baroda BNP Paribas Mutual Fund suggests that while global uncertainties have lessened, a growth slowdown is expected in the short term. He anticipates a stronger second half for the Indian market, favoring domestic demand-oriented sectors due to upcoming monsoons and lower taxation benefits.
Japan{sin-quite}s economy unexpectedly contracted in the March quarter, shrinking by 0.7%, due to weak private consumption and declining exports. This downturn, the first in a year, raises concerns about the country{sin-quite}s fragile recovery amidst potential disruptions from U.S. trade policies. Economists suggest the data may prompt calls for increased fiscal spending to bolster growth.
Gold prices dipped on Friday, poised for their worst week in six months due to a stronger dollar and easing trade war anxieties. Spot gold fell 0.1% to $3,235.59 an ounce, while U.S. gold futures rose 0.4% to $3,239.20. Reduced U.S.-China tariffs, though posing inflation risks, and recent U.S. economic data influenced the market.
Now, don’t let the name confuse you. Humanoids are essentially machines that look and move more or less like humans. Two legs, two arms, a torso and a friendly face. The idea is straightforward: since our world is designed for humans, robots built like us can do our jobs without needing to redesign existing factories or infrastructure.
In 2024, foreign direct investment into Europe declined by 5%, marking the second consecutive year of contraction. According to EY’s latest survey, this downturn brings FDI to its lowest level in nearly a decade, raising concerns about Europe’s global investment appeal. (Source: Reuters)
Subcontracting costs for Indian IT firms are declining as discretionary projects dry up and automation adoption rises, reducing the need for external vendors and streamlining operations. The cost incurred by IT firms to outsource specific and specialised tasks to other vendors is the subcontracting expense. Typically reliance on subcontractors is reduced in a subdued demand environment as a cost cutting measure. Contract staffing costs more than deployment of full-time employees, as it provides flexibility and specialist skills.
Bangalore International Airport Limited (BIAL), the operator of Kempegowda International Airport (KIA) in Bengaluru, has tied up with KPMG in India to harness the transformative capabilities of Generative AI (GenAI).
Hari Shyamsunder of Franklin Templeton discusses the Indian market. He notes a correction since last September. Initial causes remain unresolved. Focus shifts to quarterly numbers and FY25 trends. Global macro factors, like interest rates and tariffs, pose challenges. Tariff war impacts are negative. India could gain from supply chain shifts. Earnings momentum is weak. Private banks offer relative value.
Vivo on Thursday (May 15, 2025) launched the V50 Elite Edition smartphone in India complimenting the already launched V50 and V50e. The Chinese smartphone maker has bundled it with a wireless earbuds Vivo TWS 3e in Dark Indigo colour.
Raymond shares surged 5% after completing the demerger of Raymond Realty, enabling direct investor participation in its real estate business. The newly independent unit, with Rs 40,000 crore potential revenue, is set to list by Q2 FY26.
Warren Buffett, 94, announced he will step down as Berkshire Hathaway{sin-quite}s CEO in December, citing Greg Abel{sin-quite}s superior energy and effectiveness. Buffett, who led the company since 1965, noted the decision was driven by his own aging, not strategic concerns. While remaining chairman, Buffett expressed confidence in Abel{sin-quite}s abilities and affirmed his continued involvement with the company.
Remsons Industries Ltd, an automotive components manufacturer said it had secured an order of approximately ₹300 crore (USD 35 Million) from Stellantis North America.
Tata Steel{sin-quite}s prospects appear promising due to rising steel prices and cost reductions. Experts predict improved numbers for Tata Steel, favoring it over SAIL. They also foresee positive trends in the cement sector. However, the paint sector faces challenges. Asian Paints needs to boost volume growth to avoid potential price corrections.
Gensol Engineering shares hit the 5% upper circuit for the third straight session after the resignation of its MD and Whole-time Director, following SEBI’s interim order. IREDA filed an insolvency plea over a Rs 510 crore loan default. SEBI and ED probes allege fund diversion by the Jaggi brothers, with only partial delivery of EVs and massive stock erosion.
Despite being newly established, the PCC hosted a high-profile delegation from the WLF, led by co-chairman Zachary Witkoff, son of Steve Witkoff, a known associate of Donald Trump. The delegation, which included other WLF executives, was welcomed by senior officials of the Pakistani government.
Auto component manufacturer Tata AutoComp Systems Ltd. and Katcon Global, which is into exhaust systems, thermal insulation and advanced materials components, have announced a new joint venture in Mexico to manufacture advanced composites, with a focus on serving the North American market.
Apar Industries{sin-quite} shares soared 11% following a Q4 FY25 report revealing a 5.9% YoY increase in net profit, reaching Rs 250 crore, and a 16.9% rise in revenue from operations, totaling Rs 5,210 crore. The company experienced growth across all business verticals, with domestic demand demonstrating strong performance, up 31.4% compared to Q4 FY24.
Wendt India shares: The Offer for Sale (OFS), which opened for non-retail investors on May 15 and will continue for retail investors on May 16, aims to divest up to a 37.5% stake in the company. In a filing with the BSE, Wendt India stated that the promoter plans to sell up to 6,00,000 shares, representing 30% of the total issued and paid-up equity share capital.
As India{sin-quite}s global positioning strengthens, particularly in the Trump 2.0 era, a rising concern could be the possibility that China could emerge as a major beneficiary if the regional conflict involving Pakistan escalates, said Trinh Nyugen.
Overall, sense is that the domestic flows in core categories are intact from a mutual fund perspective and also, from the FII perspective, a bigger sector like banking has seen good amount of flows and technology looks bottomed out, we are no longer seeing selling there.
Cochin Shipyard shares rose 4.4% ahead of its Q4FY25 results, buoyed by optimism around defence orders. Analysts expect order books of PSU shipbuilders to triple in two years amid strong policy support. While Antique maintained a ‘Hold’ on Cochin Shipyard, it reiterated ‘Buy’ on peers. The company had posted a 27% YoY profit drop in Q3 with margin pressure.
Gold and silver closed lower on Wednesday across domestic and global markets. Gold June futures declined 1.48% to settle at Rs 92,265 per 10 grams, while silver July futures dropped 1.34% to Rs 95,466 per kilogram.
Benchmark indices Sensex and Nifty declined in early trade on Thursday (May 15, 2025) dragged down by blue-chip bank stocks and weak trends in Asian markets.
Benchmark indices Sensex and Nifty declined in early trade on Thursday (May 15, 2025) dragged down by blue-chip bank stocks and weak trends in Asian markets.
Indian government bond yields are likely to decrease slightly on Thursday. This is ahead of the Reserve Bank of India{sin-quite}s debt purchase. Traders are closely monitoring U.S. Treasury yields for further direction. The central bank will purchase bonds worth 250 billion rupees. Private banks were significant buyers of Indian government bonds on Tuesday.
The Indian rupee weakened to 85.64 against the US dollar due to negative domestic equity trends as investors await Jerome Powell{sin-quite}s speech for cues on US monetary policy. Easing crude oil prices and a weaker dollar index offered limited support.
Shree Cement{sin-quite}s shares saw a rise after reporting record quarterly sales volume and a positive FY26 demand outlook, which helped offset concerns about a weaker bottom line in the March quarter. Despite a 14.9% year-on-year decline in consolidated net profit, revenue edged higher due to increased sales volumes and premium product contributions.
TCS shares have underperformed peers due to global economic headwinds, client-specific issues like the BSNL contract ramp-down, and slower deal conversions. While peers like HCL Tech and Infosys have shown stronger growth, TCS faces challenges in client spending across key sectors. Analysts remain cautiously optimistic, citing TCS{sin-quite}s resilience and potential recovery, but acknowledge near-term growth constraints.
India{sin-quite}s prominent investors, including the Jhunjhunwala family, adjusted their portfolios cautiously in the March quarter amid market volatility. While some trimmed stakes and exited certain stocks, others strategically increased holdings in sectors like sugar, pharma, and manufacturing.
Jubilant FoodWorks Ltd. has reported its fourth-quarter results for FY25, drawing bullish reactions from leading brokerages. Goldman Sachs has highlighted a strong quarter across all fronts, while Citi has emphasised operational outperformance and market share gains.
Shares of Eicher Motors Ltd., Brigade Enterprises Ltd. and Lupin Ltd. were in focus on Thursday, after the companies announced their fourth quarter results. Tilaknagar Industries Ltd. shares rose the most, while Baazar Style Ltd. fell the most, among the companies that announced their results for quarter ended March.
Indian benchmark indices began Thursday on a weak note, influenced by declines in banking and auto sectors, following a robust rally earlier in the week. Sensex declined by 229 points, and Nifty50 slipped by 58 points. Tata Power and Eicher Motors stood out, with their stocks rising following strong Q4FY25 results.
State Bank of India will be in focus after announcing plans to raise up to $3 billion in FY26 via public or private placement of foreign currency bonds. Meanwhile, the lender reported a 10% YoY drop in Q4 standalone profit at Rs 18,643 crore, though FY25 full-year profit rose 16%. Analysts maintain a ‘Buy’ rating with a Rs 930 target.
Morgan Stanley hiked the target price of Sai Lifesciences, noting its higher-than-industry growth. The brokerage maintained an {sin-quite}overweight{sin-quite} rating and hiked the target price to Rs 911 apiece from Rs 865. The current target price implies a 20.18% upside from Wednesday{sin-quite}s closing price.
Brigade Enterprises shares: Brigade Enterprises posted a 19.8% year-on-year increase in net profit, reaching Rs 246.8 crore for the fourth quarter ended March 31, 2025. This compares to a net profit of Rs 206 crore in the corresponding quarter of the previous financial year.
Muthoot Finance reported a 22% YoY rise in Q4FY25 consolidated PAT at Rs 1,444 crore and its highest-ever annual standalone PAT at Rs 5,201 crore. Consolidated loan AUM surged 37% YoY to a record Rs 1.22 lakh crore. The company declared its highest-ever dividend of Rs 26 per share and crossed Rs 1 lakh crore in gold loan AUM.
Indian markets may see consolidation on Thursday amid muted global cues and resistance near the 25,000 mark. Experts suggest the 24,400–24,500 zone is crucial for trend direction. As long as Nifty holds above this level, buying on dips could continue. Stock picks from analysts include Max Healthcare, Deepak Fertilisers, Mphasis, ONGC, and Bharat Forge for short-term trades.
Apollo Tyres{sin-quite} shares surged 3.3% despite a 47.8% drop in Q4 FY25 net profit, which landed at Rs 85 crore. Revenue saw a slight increase of 2.6% to Rs 6,424 crore, but EBITDA declined by 18.6%. The company announced a dividend of Rs 50 per share, with its stock performance showing mixed results over various timeframes.
Investec has initiated coverage on Biocon Ltd. with a ‘buy’ rating and a target price of Rs 400, citing its strong positioning in the global biosimilars market and robust growth potential across its business segments. While the company is well set up for expansion, Investec highlights that successful execution—particularly timely launches and market share gains—will be critical to delivering results
JPMorgan maintained an {sin-quite}overweight{sin-quite} rating on Hindustan Aeronautics Ltd. with a price target of Rs 5,040 per share, after it beat the brokerage{sin-quite}s fourth quarter earnings expectations. This was on the back of "stronger Ebitda margin of 39%".
He discusses the impact of potential US tariffs on the pharma sector, the benefits of falling crude oil prices for India, and why a disciplined investment approach is crucial in a sideways market.
NRIs are increasingly diversifying their investments beyond traditional real estate and fixed deposits, exploring opportunities in mutual funds, GIFT City, and tech startups. Factors like resilient economic fundamentals, tax benefits in certain jurisdictions, and emotional ties to India drive this shift.
IndusInd Bank shares: A whistle-blower letter sent to the Reserve Bank of India and IndusInd Bank’s board just days before the RBI granted CEO Sumant Kathpalia a one-year extension on March 6 raised concerns about certain irregularities.
Tata Power share price rose following a robust Q4FY25 performance, marked by a 25% YoY increase in net profit to Rs 1,306 crore and an 8% rise in revenue to Rs 17,096 crore. The company proposed a final dividend of Rs 2.25 per share and plans a substantial Rs 25,000 crore capex for FY26, with interest in Uttar Pradesh discoms.
Oil fell for a second day following a report Iran is willing to forgo nuclear weapons in a deal with the US in exchange for sanctions relief. Brent dropped toward $65 a barrel, after declining 0.8% on Wednesday, while West Texas Intermediate traded near $62. Iran is ready to sign an agreement with certain conditions, NBC reported, citing Ali Shamkhani, a top adviser to the OPEC nation’s supreme leader.
Crude is rising, dollar is strengthening again, US bond yields are rising, the US-China trade deal is not so good for India at least sentimentally and from a flows perspective, and the recent geopolitical stress has also taken out some shine from India. Valuation premiums could contract for India in the near to medium term and given that we do not have much upside room in terms of valuation left, we could be in a very narrow range market.
Microsoft has laid off around 6,000 employees, or nearly 3% of its global workforce, marking its largest round of job cuts in over two years. The layoffs come as the company continues to invest heavily—$80 billion this fiscal year—in AI infrastructure and data centers. Despite strong quarterly earnings, the cuts signal a shift in strategic focus. (Source: AP)
Defence stocks surged up to 11% after Operation Sindoor showcased India’s indigenous military strength and PM Modi called for greater defence self-reliance. The rally gained momentum as Modi countered Pakistan’s false claims about destroying India’s S-400 system. With battle-tested Indian platforms and rising global interest, investor confidence in the ‘Make in India’ defence story has been significantly boosted.
Ansid Capital{sin-quite}s Anurag Singh suggests emerging markets, particularly China and India, could benefit from a potential drop in US 10-year yields. He believes that if yields fall below 4%, money will flow from the US into emerging markets. Singh also expresses strong confidence in the US market{sin-quite}s potential, citing deregulation, low taxes, and strong earnings growth as key drivers.
The government plans to conduct a fresh, tighter review of at least six to seven major China-backed investment proposals, potentially delaying their approvals, according to people familiar with the matter. The government is expected to intensify its scrutiny of foreign direct investment proposals and joint ventures backed by Chinese firms, the people told NDTV Profit, adding that several new joint ventures may be proposed as a workaround to existing restrictions, but pending proposals and ongoing negotiations could also face delays.
Raymond share price plunged 66% as the stock turned ex-date for the demerger of Raymond Realty. The sharp fall reflects a notional price adjustment, not a sell-off. Raymond Realty enters its next phase with strong financials, key project traction, and a Rs 40,000 crore pipeline. It is expected to list by Q2 FY26, following Raymond’s strategic vertical spin-offs.
Following the rejig, JM Financial estimates that Tata Technologies will see passive fund inflows of around $16 million, while Hexaware is expected to receive about $15 million. The index changes will take effect after market hours on May 30.
Gold and silver prices see a dip as investors book profits. This follows a rise due to cooling US inflation. MCX gold futures trade lower. Silver futures also experience a decrease. Earlier gains occurred after positive inflation data. Geopolitical factors and US-China trade talks influence prices. Experts suggest specific trading ranges for gold and silver.
Securities and Exchange Board of India (SEBI) warned investors of Strata SM REITS that the application to surrender registration was accepted by the market regulator. SEBI’s decision follows “certain news reports and review of certain legal proceedings against the promoter”, according to a statement from SEBI.
Shares of Raymond Ltd. adjusted on Wednesday, as shares turn ex-date for demerger of the real estate business — Raymond Realty. The demerger ratio was set at 1:1. As per the scheme, one fully paid-up share of face value of Rs 10 of Raymond Realty will be given for every share held in the parent firm Raymond.
ICICI Securities has upgraded Britannia Industries to {sin-quite}Add{sin-quite} with a revised target price of Rs 6,000, citing increased earnings estimates for FY26E-27E. The brokerage projects a revenue, EBITDA, and PAT CAGR of 10%, 13%, and 15% respectively over FY25-27E. Key risks include consumption demand weakness and faster-than-expected revenue growth in core biscuits.
Nykaa{sin-quite}s parent company, FSN E-Commerce Ventures, sees shares rise following inclusion in MSCI Global Standard Index. This inclusion is expected to bring significant passive inflows. Coromandel International also joins the index. MSCI adjusts its India Domestic Index, adding Coromandel International and GMR Airports. These changes will be effective from May 30, 2025.
The entire trade war scenario which was developing around us with the US president going on about it, things are cooling down a bit. With their kind of truce with China for 90 days, with very reasonable tariffs on both the sides augurs definitely well for US economy and the global economy as well.
JM Financial suggests buying Swiggy shares. The target price is now Rs 450. Earlier it was Rs 500. This target may be achieved in a year. Swiggy{sin-quite}s total income rose significantly. However, the company reported a net loss. The brokerage believes the market undervalues Instamart and other ventures. They advise long-term investors to consider Swiggy.
Despite broader market volatility and subdued post-listing performance for many recent IPOs, a handful of 2024’s mainboard listings have delivered stellar gains—rising between 70% and 270% from their issue prices. According to Trendlyne data, these companies have not only created substantial investor wealth but also sustained momentum after listing.
A US-China trade truce is prompting concerns that foreign investors may shift focus from India back to China, potentially impacting Indian equities. While some anticipate short-term capital flows to China, others emphasize India{sin-quite}s strong structural growth story and insulation from certain trade dynamics. The long-term impact on India{sin-quite}s manufacturing competitiveness remains a key consideration.
Indian markets surged as Sensex and Nifty50 opened higher, buoyed by financial and IT stocks, following lower-than-expected U.S. and domestic inflation data. Rate cut hopes were fueled by India{sin-quite}s retail inflation easing to a six-year low. While global factors and FII flows remain concerns, experts suggest potential rate cuts could further boost the market.
Reliance Industries plans to sell its 4.9% stake in Asian Paints, potentially exiting a 17-year-old investment worth over Rs 11,000 crore. The move comes amid intensifying competition and shrinking margins in the Rs 75,000-crore paints market. New players like Grasim and a potential AkzoNobel acquisition are reshaping the landscape, pressuring Asian Paints’ market share and profitability.
Axis Securities suggests buying Nippon Life India Asset Management shares. The target price is Rs 692. Nippon Life India{sin-quite}s AUM, revenue, and earnings are expected to grow. This growth will be 18, 14, and 13 percent respectively. The growth will happen between fiscal year 2025 and 2027. The company has diversified products and a strong retail focus.
Indian markets may open higher on Wednesday, tracking firm global cues, despite the Nifty slipping 1.6% on Tuesday. Options data suggests a trading range of 24,100–25,100. Analysts see momentum intact if Nifty holds above 24,750. Stocks like Bharat Electronics, SBI, and Whirlpool are recommended for short-term trades by HDFC Securities{sin-quite} Gajendra Prabhu.
Bharti Airtel reported a 77% YoY jump in adjusted Q4 net profit to Rs 5,223 crore and a 27% rise in revenue, driven by strong India growth and Africa recovery. ARPU rose to Rs 245, and the company announced a Rs 16/share dividend. Airtel also deepened its network, expanded its customer base, and partnered with Apple for digital content.
Garden Reach Shipbuilders & Engineers (GRSE) announced a significant surge in its Q4FY25 net profit. The company{sin-quite}s profit after tax (PAT) rose 118% year-on-year to ₹224 crore. Revenue from operations also grew substantially. GRSE declared a dividend of ₹4.90 per share. The company{sin-quite}s Chairman expressed confidence in continued strong performance. GRSE{sin-quite}s stock has shown impressive gains over the past year.
Tata Steel announced a capital expenditure plan of Rs 15,000 crore for FY26, with 80% allocated to Indian operations. The investment will support projects in Kalinganagar, Ludhiana, and Port Talbot, UK. In Q4FY25, Tata Steel posted a 113% YoY rise in net profit to Rs 1,301 crore. The stock has gained over 12% in the past month.
Life Insurance Corporation (LIC) has increased its stake in Bank of India to 8.38% as of May 9, acquiring an additional 2.026% stake since September 2021. This move reflects LIC{sin-quite}s confidence in the bank{sin-quite}s performance, which recently reported a significant surge in profit for the March quarter.
The Indian market reversed Monday’s gains, with the Sensex dropping nearly 1,300 points and the Nifty slipping below 24,600. Despite the broader weakness, BSE, Redington, and APL Apollo hit fresh 52-week highs. Analysts see breakout opportunities in these stocks, citing strong volume trends and bullish price action, with defined upside targets and stop losses for the near term.
ICICI Securities maintains a {sin-quite}Sell{sin-quite} call on Biocon, setting a revised target price of Rs 270. Despite a projected earnings CAGR of 91.6% driven by revenue growth, concerns over biosimilar margins and divestment impact EBITDA estimates. Trading at 16.3x FY26E EV/EBITDA, the brokerage cites potential upside risks from successful biosimilar and generic launches, alongside a biologics margin recovery.
Green Portfolio{sin-quite}s Dividend Yield Fund achieved a 17.3% net return in FY25, driven by diesel engine manufacturers and REIT investments, despite tariff tensions. The fund strategically avoids PSUs, focusing on private companies with high growth potential in the small and mid-cap space. Looking ahead to FY26, the fund is optimistic about manufacturing-led growth, particularly in auto components, chemicals, and textiles.
Indian household’s equity allocation through SIP has been resilient. If corporate earnings revive in FY26 from the current low single digit in FY25; this trend might continue for a longer period. These flows help in increasing our markets’ resilience against global events.
With valuations stretched across segments and earnings growth under pressure, he advises a cautious and value-focused investment approach while positioning gold and even silver as smart plays in the current macroeconomic landscape.
Bank of America has reiterated its {sin-quite}underperform{sin-quite} rating for Siemens Ltd., citing significant execution challenges despite robust order inflows. Siemens reported a 32% year-on-year decline in operating income for the second quarter of fiscal 2025, significantly missing BofA and consensus estimates. The company follows an October-September cycle, which makes the January-March period its second quarter.
JM Financial maintains a Buy call on Dr. Reddy{sin-quite}s Laboratories, revising the target price to Rs 1,418. The brokerage anticipates strong FY26 topline growth driven by Revlimid sales and expects Semaglutide and Biosimilars to fuel future performance. Despite a reduced P/E multiple, the stock remains attractive compared to peers, with significant potential in emerging markets.
Following their inclusion, Coromandel International is projected to receive passive inflows of about $252 million, while Nykaa is expected to attract around $199 million, based on estimates by Nuvama Alternative & Quantitative Research.
Bitcoin and other cryptocurrencies experienced a dip as traders secured profits. Investors are closely monitoring US inflation data. Market participants are focusing on CPI and PPI data. Institutions continue to show long-term confidence in Bitcoin. XRP bucked the trend, gaining value. Despite the pullback, activity in the crypto space remains high. Bitcoin{sin-quite}s market capitalization stands at $2.035 trillion.
Jefferies has highlighted Infosys Ltd., Coforge Ltd. and Sagility India Ltd. as its preferred picks in the Indian IT sector, citing a need for bottom-up stock selection, amid weakening revenue trends and rising macro uncertainty.
FIIs have poured in over Rs 46,000 crore into Indian equities since mid-April, favouring largecaps amid easing geopolitical and trade tensions. Analysts point to quality-led buying in private banks, capital goods, and infrastructure stocks. While midcaps see selective interest, high valuations and liquidity concerns are keeping FIIs focused on scalable, liquid large-cap opportunities.
Deven Choksey suggests a protective portfolio strategy, favoring large-cap companies amidst market enthusiasm for mid and small-caps. He anticipates IT and pharma sectors to drive Nifty{sin-quite}s rise, potentially reaching 25,200, with BFSI and capital goods also showing promise. While selective in mid-caps, he sees current IT and pharma valuations as attractive entry points.
Huntar CEO Jason Cheung, 45, had already halted production at the 600,000-square-foot facility in Shaoguan. He saw the tariff for what it was: an existential threat to his company, which manufactures educational toys bound for the shelves of Walmart and Target, like Learning Resources Inc{sin-quite}s Numberblocks, which help teach kids math.
The Chinese yuan has surged to a six-month high against the US dollar. This follows an agreement between Beijing and Washington to halt their trade war. The People{sin-quite}s Bank of China also supported the yuan through its guidance rate. The deal surpassed market expectations, boosting sentiment. The onshore yuan rose significantly, reaching its strongest level since November.
The Indian rupee saw relief after India and Pakistan ceased military hostilities. A tariff truce between the United States and China also helped. The rupee recovered its losses. It strengthened to 84.6350 against the U.S. dollar. Forward premiums and volatility expectations eased. The U.S. and China agreed to reduce tariffs temporarily. This eased fears of a global economic trade war.
Stock Market Crash Today: Following a significant surge driven by ceasefire reports, Indian stock markets experienced a downturn. The Sensex and Nifty fell over 1% due to profit booking, rising U.S. Treasury yields, and a decline in index heavyweights. Easing US-China trade tensions and rising crude oil prices further contributed to the market{sin-quite}s pullback.
PG Electroplast Ltd (PGEL) witnessed a remarkable surge in net profit, soaring to Rs 146.38 crore in the March quarter of FY{sin-quite}25, driven by strategic expansions and operational efficiencies. Revenue from operations jumped 77.4 per cent to Rs 1,909.85 crore.
Indian equity markets crashed this morning, a day after witnessing a record rally due to major geopolitical developments, including India and Pakistan agreeing to a ceasefire and the US and China striking a trade deal.
The metals sector is witnessing a positive shift, driven by improved global demand and easing supply chain issues. Companies like Gravita India and National Aluminium Co are positioned for significant upside potential, making them attractive investment opportunities.
Gold prices have significantly declined from their April peak due to easing geopolitical tensions and a US-China trade deal. MCX Gold June futures hit a low of Rs 92,975/10 grams, while silver contracts saw a slight increase. Analysts suggest monitoring volatility and recommend buying silver on dips, advising caution with gold trading in the current market conditions.
Nifty futures ended Monday on a strong note, rising 4.10% to close at 25,051. Meanwhile, India VIX dropped nearly 15%, settling at 18.39, indicating a decline in market volatility.
If successful, the 33-year old could gain a leg up in the closely watched succession contest among five siblings to lead the $280 billion luxury conglomerate headed by his father.
Ideaforge Technology shares experienced a dip following a 37% surge driven by heightened India-Pakistan tensions, as investors cashed in on profits. Despite easing hostilities, the stock{sin-quite}s rally, fueled by increased defence spending expectations, showed signs of overbought conditions. While a near-term pullback is anticipated, brokerages remain optimistic about Indian defence stocks due to favourable geopolitical factors and export potential.
Nifty started the week on a positive note and remained range-bound through most sessions, but Friday’s sell-off pulled the index into negative territory. With the current technical setup of the index, the domestic brokerage firm believes it will trade in a broad range of 23,500–24,800 with a mixed bias.
The Nifty Pharma index gained around 2% on Tuesday, defying the broader market trend, as the Nifty slipped nearly 0.5% amid profit-booking following Monday’s sharp rally — the strongest single-day gain in the past four years for the benchmark indices.
Edelweiss MF is optimistic about consumption, financials (especially NBFCs), and tyres, maintaining an overweight position. They are cautious on oil & gas, paints, and metals & mining due to capacity and competition concerns. The fund anticipates improved earnings in the second half of FY26, driven by factors like lower crude oil prices and rate cuts.
Market expert Sunil Subramaniam suggests a decisive market shift driven by easing global uncertainties like the Indo-Pak ceasefire, US-China trade talks, and Russia-Ukraine dialogue. Improved domestic factors, including reduced oil prices and strong GST collections, are also fueling optimism. He anticipates growth will now be the primary investment driver, potentially replicating a previous bull run.
Despite share price drops, Swiggy and Zomato attract retail and HNI investors. Swiggy sees strong buying interest, followed by Zomato. Investors bet on familiarity and potential turnaround. Analysts warn of continued losses and future competition. HSBC prefers Eternal (Zomato) due to Swiggy{sin-quite}s cash burn. Brokerages cut target prices for both. Currently, investors are ordering both stocks.
Indian government bond yields are likely to decrease in early trading. This follows India and Pakistan agreeing to a ceasefire. Traders are expected to resume buying. Investor confidence in Indian markets has improved. The focus will be on India{sin-quite}s April inflation data and state debt supply. Overnight index swap rates are also expected to fall.
ICICI Securities suggests reducing Asian Paints holdings, setting a target price of Rs 2,000. They anticipate revenue and PAT growth, but also a decline in RoCE. The brokerage highlights potential risks like commodity price corrections. Asian Paints reported a consolidated total income of Rs 8458.76 crore for the quarter ended March 31, 2025.
Indian benchmark indices Sensex and Nifty experienced a decline on Tuesday morning, reversing gains from the previous day{sin-quite}s surge. This downturn followed a fragile ceasefire agreement with Pakistan. While some stocks like Sun Pharma saw gains, Infosys and Kotak Mahindra Bank led the losses among Sensex constituents.
After a shaky start in 2025 due to geopolitical tensions and FII outflows, the Indian equity market has rebounded strongly. Easing India-Pakistan tensions, favorable trade agreements, and better-than-expected corporate earnings have fueled a Nifty surge. Analysts predict continued gains, driven by renewed FII inflows and sustained earnings growth, though caution remains due to valuation concerns and potential global risks.
Vedanta has secured four blocks in the fourth round of the critical mineral blocks auction. The acquisitions include vanadium and graphite reserves in Arunachal Pradesh, a polymetallic mine in Karnataka, and tungsten-related assets in Andhra Pradesh and Tamil Nadu.
Gensol Engineering’s top executives Anmol and Puneet Jaggi resigned following Sebi’s interim order over alleged fund diversion and corporate misconduct. The Rs 978 crore loan meant for EV procurement was allegedly misused, triggering probes by Sebi, the Ministry of Corporate Affairs, and state lenders. Gensol’s stock has crashed 59% in a month amid mounting regulatory and legal troubles.
KFin Technologies reported a 14.3% year-on-year (YoY) increase in consolidated net profit for Q4FY25, posting Rs 85 crore compared to Rs 74.5 crore in the same quarter last year. Revenue from operations rose 23.8% YoY to Rs 282.7 crore, up from Rs 228.3 crore a year ago.
Happiest Minds Technologies reported a 52.8% YoY drop in Q4FY25 profit to Rs 34 crore, even as revenue surged 30.5% to Rs 544.6 crore. FY25 profit fell 25.7% while annual revenue rose 26.8%. The company added 14 new clients and declared a Rs 3.5 final dividend. Shares rose 5.4% on Monday despite the profit decline.
Operation Sindoor not only served as retaliation for the Pakistan-sponsored terror attack but also provided a rare platform for India to demonstrate its military prowess. The four-day {sin-quite}near-war{sin-quite} saw the deployment of a diverse arsenal comprising Russian, French, Israeli, and indigenous equipment.
India is one of the most preferred markets for the long-term investments for NRIs. Several clients have increased exposure to India in recent years as there is no country other than India with strong and stable economic growth prospects.
ICICI Prudential AMC advocates revisiting quality stocks as a long-term portfolio anchor amidst market volatility and tempered earnings expectations. Ihab Dalwai highlights the underperformance of quality stocks in recent years, presenting a favorable entry point for long-term investors. The fund emphasizes reasonable valuation, earnings resilience, and bottom-up stock picking across sectors and market caps.
Tata Steel shares: Total revenue from operations for the quarter ended March 2025 stood at Rs 56,218 crore, marking a 4.2% decline from Rs 58,687 crore in the same period last year. However, on a sequential basis, revenue increased by 5% compared to Rs 53,648 crore reported in Q3FY25.
India is in a sweet spot in post Tariff war 2.0 world. US has started its China derisking policy during Mr. Trump’s first term through Tariff war 1.0 and in second term its de risking strategy is getting bigger.
Japan is facing economic pressure due to higher tariffs imposed by the United States. Prime Minister Shigeru Ishiba stated that the government is prepared to take additional steps to cushion the blow and support the economy, especially for those most affected. (Source: Reuters)
Angel One has introduced a chart-integrated feature offering real-time trading signals for Indian equities and derivatives, particularly NIFTY 50 stocks, NIFTY, and BANKNIFTY indices. This tool identifies bullish and bearish formations directly on charts, aiding technical traders in spotting trends without manual data sifting. Signals cover candlestick patterns, chart structures, and price action, displayed across multiple timeframes.
In India{sin-quite}s F&O markets, effective risk management is vital for technical traders. Tools like Market Price Protection and Trailing Stop-Loss, available on platforms like Angel One, help manage volatility and protect capital. Features such as Set Exit and Secure Exit further aid in disciplined trading, preventing emotional decisions and ensuring long-term sustainability.
ideaForge Technology specializes in manufacturing Unmanned Aircraft Systems (UAS), producing UAVs tailored for mapping, security, and surveillance. Its drones are used in diverse applications, including mining area planning and detailed mapping solutions.
Mark Mobius discusses investment strategies amidst geopolitical tensions and market dynamics. He highlights India{sin-quite}s potential, contingent on regulatory reforms, and identifies defense, IT, and pharmaceuticals as promising sectors. Mobius also notes Trump{sin-quite}s influence on markets and the US-China dynamic, emphasizing the need for vigilance regarding trade agreements.
Gold prices on MCX fell over Rs 2,400 per 10g amid easing US-China trade tensions and a temporary India-Pak ceasefire. Analysts point to weakening momentum, with technical indicators suggesting a near-term pullback. While global fundamentals remain supportive, softening tariffs and stronger economic data could cap gains. Traders are advised to adopt a buy-on-dips strategy above Rs 93,000.
Geopolitical tensions show signs of easing. Positive developments are seen in India-Pakistan relations. Progress is noted in US-China trade talks. The stock market is expected to recover. Trump{sin-quite}s tariff approach may face resistance. Overall, the outlook is brighter after weeks of uncertainty. However, high US tariffs could slow global trade and GDP growth. The situation requires careful monitoring.
Also, Smart Beta and Factor – Based ETFs that use investment factors such as value, momentum, or low volatility for index construction rather than traditional market capitalisation, are garnering investor attention as well.
Stock Market Today: Indian markets surged on Monday with the Sensex rallying 2,376 points, driven by easing India-Pakistan tensions, progress in U.S.-China trade talks, strong SIP inflows, and a sovereign rating upgrade. Broad-based buying across sectors and technical breakouts added momentum. Analysts remain optimistic but cautious amid global uncertainties and the fragile nature of the ceasefire agreement.
BSE Ltd shares soared to a new all-time high on Monday following a pause in hostilities between India and Pakistan, boosting investor sentiment and trade volumes. The surge accompanied gains in the Sensex and Nifty50, driven by the temporary ceasefire announcement. BSE{sin-quite}s impressive financial performance, including a significant increase in net profit and revenue, further fueled the stock{sin-quite}s rise.
The benchmark indices Sensex and Nifty rebounded sharply in early trade on Monday (May 12, 2025) after India and Pakistan announced reaching an understanding to stop all firings and military actions on land, air and sea.
Gold prices declined at MCX due to eased India-Pakistan tensions. Silver futures also saw a dip. Earlier, both metals closed positively, driven by geopolitical concerns and BOE{sin-quite}s rate cut. Market volatility persisted due to the dollar index and global growth worries. Manoj Kumar Jain suggests specific trading ranges for gold and silver. Physical gold prices vary across major Indian cities.
ICICI Securities suggests adding Blue Star to your portfolio. They{sin-quite}ve set a revised target price of Rupees 1925. The company reported strong Q4 results with a significant increase in total income. Blue Star{sin-quite}s revenue and profit are expected to grow steadily. Key risks include commodity price hikes and increased competition.
Following a ceasefire announcement by Pakistan{sin-quite}s military, the KSE 100 index surged over 9% after facing pressure due to escalating India-Pakistan tensions and recent terrorist attacks. Indian markets also rallied, with Sensex and Nifty rising more than 2.7%. Analysts caution that the bullish sentiment hinges on the ceasefire{sin-quite}s continuation and sustained foreign investment.
Geopolitical tensions between India and Pakistan initially rattled tourism stocks, causing dips in aviation, hotels, and travel services due to disrupted travel plans. However, a subsequent ceasefire has shifted market sentiment towards cautious optimism. Experts suggest a selective, long-term approach, focusing on fundamentally strong companies with a robust domestic presence like Indian Hotels and Indigo.
JM Financial maintains a Buy call on Sapphire Foods, setting a target price of Rs 365, citing attractive valuations despite near-term demand challenges. Sapphire{sin-quite}s revenue grew 13% YoY, driven by KFC and Sri Lanka businesses, while Pizza Hut faced headwinds. The brokerage has revised its EBITDA estimates downwards due to weak demand and slow SSSG recovery.
Following a ceasefire agreement after Operation Sindoor, Indian markets rallied, though analysts advise caution due to potential conflict escalation. Experts recommend a strategic approach, emphasizing cash reserves, diversified asset allocation, and continued SIP investments. Focusing on quality stocks and defensive sectors like pharma and FMCG can help investors navigate geopolitical uncertainty and capitalize on opportunities.
ICICI Securities is optimistic about Hindustan Petroleum Corporation. They have retained a Buy rating. The target price is revised to Rs 535. This was earlier Rs 445. The brokerage sees significant upside potential. This is based on future earnings and structural improvements. The company{sin-quite}s valuation is attractive. Promoters hold a significant stake.
Indian stock markets surged on Monday following a temporary ceasefire announcement between India and Pakistan. The Sensex jumped 2.53%, fueled by gains in Adani Ports and Axis Bank. However, concerns remain over potential ceasefire violations. Adani Power and Reliance Power saw significant gains, while pharma stocks declined after Trump{sin-quite}s drug price cut announcement. Overall market capitalisation witnessed a substantial increase.
Union Bank of India reported a 50% YoY rise in Q4 net profit to Rs 4,985 crore, aided by higher non-interest income and lower provisions. However, the bank warned of NIM pressure due to potential RBI rate cuts. Loan growth missed FY25 targets, and operating expenses rose. Analysts remain bullish, with a 16% upside potential.
Trump announced that the U.S. would adopt a "Most Favored Nation" policy, under which it would pay the same price for prescription drugs as the country with the lowest rates globally. “Our Country will finally be treated fairly, and our citizens{sin-quite} healthcare costs will be reduced by numbers never even thought of before,” he said in a post.
Porinju Veliyath of Equity Intelligence India notes the significant growth potential in India{sin-quite}s travel and tourism sector, citing high demand and supply shortages, particularly in five-star hotels. Despite earlier pressures, Ixigo{sin-quite}s stock performance has been resilient, attracting Veliyath{sin-quite}s attention as a potential investment opportunity, though he clarifies he is not currently invested.
Just as the 90-day pause on Trump’s tariff plans brought some relief, fresh tensions with Pakistan have reintroduced uncertainty. History suggests such geopolitical flashpoints rarely cause lasting damage to Indian equities - be it Kargil, the Parliament attack, 26/11, or Pulwama.
Yes Bank share price: Yes Bank{sin-quite}s shares surged 9% following Sumitomo Mitsui Banking Corp{sin-quite}s (SMBC) definitive agreement to acquire a 20% stake for Rs 13,483 crore. The deal values Yes Bank at Rs 67,411 crore, with SMBC gaining board representation. SBI and other private banks will divest portions of their stakes as part of this significant restructuring move.
India has moved closer to opening its satellite broadband market. The Telecom Regulatory Authority of India has released a spectrum allocation framework, and the Department of Telecommunications has finalised security norms under the Global Mobile Personal Communication by Satellite guidelines. These changes could allow companies such as Starlink, OneWeb and Amazon’s Project Kuiper to launch services in India, including in areas where fibre or mobile networks are not feasible.
Reliance Power reported a consolidated net profit of Rs 126 crore for Q4 FY25, a significant turnaround from the previous year{sin-quite}s loss, driven by reduced expenses. The company{sin-quite}s full-year profit stood at Rs 2,947.83 crore, accompanied by substantial debt servicing of Rs 5,338 crore.
Adani Power shares: Adani Power, the country’s leading private thermal power producer, announced that it has secured a contract through competitive bidding to supply 1,500 MW (net) of thermal power at a tariff of ₹5.383 per unit.
Motilal Oswal has upgraded Aurobindo Pharma Ltd. to a {sin-quite}buy{sin-quite} rating with a target price of Rs 1,360, highlighting the company{sin-quite}s promising growth trajectory and strategic investments across multiple high-potential segments. The brokerage highlighted the company{sin-quite}s efforts to drive sustained growth over the next few years.
Sandeep Tandon of Quant Mutual Fund sees India in a bull run. He notes a shift towards risk-on in India, contrasting with the US. Safety in Indian currency and macroeconomics drives this. FII flows are becoming constructive. Tandon favors domestic stories and generic pharma. He is bullish on infrastructure and the Adani Group.
Jefferies has spotlighted IIFL Finance Ltd.{sin-quite}s promising recovery trajectory, following a challenging financial year. The brokerage, in its report titled {sin-quite}4QFY25 Results: Earnings To Recover From FY25 Trough{sin-quite}, underscored a significant rebound in gold loans and anticipates a robust growth in assets under management over the next few years.
Srigee DLM, specializing in plastic injection molding, is set to debut on the BSE SME platform following a highly successful IPO that was oversubscribed by 400 times. The IPO, priced at ₹94-₹99, saw strong grey market premium, suggesting a positive listing. The company intends to use the IPO proceeds to establish a new manufacturing facility and acquire machinery.
Manoj Jewellers, a Rajasthan-based jewellery retailer, is set to list on the BSE SME platform on May 12 after its Rs 16.2 crore IPO. The IPO, subscribed just 1.14 times, saw limited investor enthusiasm with a GMP of Rs 0.
On May 9, four stocks in the Nifty500 pack with over 4%, came to the bullish scanner of "White Marubozu", according to stockedge.com{sin-quite}s technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.
Swiggy{sin-quite}s Q4 net loss increased to Rs 1,081 crore. Revenue rose 45% to Rs 4,410 crore. Instamart{sin-quite}s expansion drove losses. Food delivery saw GOV growth and improved margins. Instamart{sin-quite}s GOV grew significantly with dark store additions. Out-of-home consumption turned profitable. Monthly transacting users reached 19.8 million. The company focuses on Instamart and food delivery efficiencies.
Pepsi is no longer the third most popular soda in the US. Here’s what happened. According to a poll conducted by Beverage Digest last year, Dr Pepper dethroned Pepsi from its second place spot among the top three sodas in the US. A few days ago though, it was knocked out of the top three entirely — this time by Sprite. And here’s how the rankings look now: Coca-Cola at #1, Dr Pepper at #2, Sprite at #3 — which, by the way, is also owned by Coca-Cola and Pepsi at #4. While Coca-Cola’s 19.1% market share is more than double that of any of its rivals, Dr Pepper, Sprite and Pepsi are in a tight race with 8.3%, 8.03% and 7.97% respectively.
After two decades, domestic investors hold more NSE-listed stocks than foreign investors, but FIIs have recently returned as net buyers. Historical data suggests sustained FII buying often precedes market uptrends. Factors like RBI liquidity measures, falling crude oil prices, a stronger rupee, and easing trade tensions are drawing FIIs back to Indian equities, potentially driving the Nifty 50 higher.
India’s oil and gas sector sees strength in marketing and city gas distribution due to stable margins and volume growth, while refining struggles with overcapacity and weak global demand.
Oil prices surged nearly 2% on Friday, marking their first weekly gain since mid-April, fueled by optimism surrounding a U.S.-UK trade agreement and upcoming U.S.-China talks. Brent crude settled at $63.91 a barrel, while WTI reached $61.02, both benchmarks up over 4% week-over-week.
European stock markets saw gains. Germany{sin-quite}s DAX reached a record high. Investors felt relieved by signs of a possible ease in the global trade war. U.S. and China are expected to discuss trade. BP shares increased following takeover speculation. Energy and resources sectors performed well. Commerzbank and Mediobanca also saw gains. Bavarian Nordic shares jumped after strong revenue results.
Gold prices surged over 1% on Friday, buoyed by a weaker dollar and market anticipation surrounding U.S.-China trade talks. Spot gold reached $3,340.29 an ounce, marking a 3.1% weekly gain and a 27% rise year-to-date. Trump{sin-quite}s tariff comments and geopolitical tensions between India and Pakistan further fueled gold{sin-quite}s appeal as a safe-haven asset, despite potential consolidation ahead.
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement. While the Federal Reserve held rates steady, the Bank of England cut them. Bitcoin{sin-quite}s resurgence above $100,000 signals a renewed appetite for risk.
Canara Bank posted a 33.19% year-on-year (YoY) increase in net profit to ₹5,004 crore for the March quarter of FY25, up from ₹3,757.23 crore a year ago.
Global stocks showed strength, nearing six-week highs. This followed a US-UK trade agreement, boosting hopes for tariff talks. India offered tariff cuts to the US, seeking exemptions. Germany{sin-quite}s Dax hit a record high. The US-UK deal is seen as a positive sign for trade relations. Investors shifted from bonds to stocks. Bitcoin reached its highest level since January.
Wall Street saw a quiet end to the week as investors awaited U.S.-China trade discussions. Donald Trump suggested tariff adjustments before the meeting in Switzerland. The Dow, S&P 500, and Nasdaq experienced slight weekly declines. Energy sector showed gains, while healthcare faced losses. Federal Reserve officials highlighted economic risks from tariffs. Expedia shares dropped after revenue miss.
Investors are keenly awaiting economic data this week. They are observing if the US stock market{sin-quite}s leadership shifts from defensive sectors. This shift could signal a higher risk appetite. Upcoming data includes the Consumer Price Index and retail sales figures. These will offer insights into inflation and consumer spending.
GHCL Ltd. expects global markets to soften in the current financial year, which will lead to prices remaining range-bound or slightly lower, according to Managing Director RS Jalan.
In this week’s wrapup, we look at ONDC’s food delivery play is fizzling out, why everyone from Amul to Britannia is protein-ifying their products, how a Supreme Court verdict just ripped apart one of India’s largest bankruptcy deals, what the new India-UK trade deal actually means, and understand Warren Buffett’s retirement.
Given the current US administration, never say never. But I actually think that a lot of investors who used President Trump{sin-quite}s first term as a template have certainly been expecting that after the sound and fury a somewhat more palatable midpoint would be reached.
Indian government bond yields increased early Friday. This happened as traders reduced positions after attacks along India{sin-quite}s western border. The benchmark 10-year yield reached 6.4303%. Factors like the India-Pakistan conflict and rising U.S. yields contributed. The Indian rupee, stocks, and bonds also experienced a decline. New Delhi plans to borrow 320 billion rupees via bonds.
FIIs have pumped over Rs 50,000 crore into Indian markets since mid-April, but rising India-Pakistan tensions may test their resolve. Experts warn that a prolonged conflict could hurt inflows and derail fiscal plans. While analysts advise caution and defensive positioning, India’s strong macros and limited trade exposure to Pakistan may shield the economy from major shocks.
Gold and silver futures on MCX experienced profit taking, opening lower due to a rebounding dollar index. This followed a negative settlement in the domestic market on Thursday.
After a decade of economic challenges, the UK is showing signs of recovery in early 2025. Factors like resilient GDP growth, robust wage increases, and shifting trade dynamics are supporting a stronger pound. Despite uneven private sector activity and government borrowing, the UK{sin-quite}s stability and credibility are attracting investors, fostering optimism for sustained growth.
Emkay Global and Nuvama express confidence in L&T, Aarti Industries, and Titan Company, citing strong fundamentals and growth prospects. Emkay maintains a {sin-quite}Buy{sin-quite} rating for L&T and Aarti Industries, while Nuvama upgrades Titan{sin-quite}s target price due to robust jewellery sales. These brokerages anticipate significant upsides, driven by solid performance and positive future outlooks.
As of 10:10 am IST on Friday, the KSE-100 index climbed 1,940.9 points, or 1.9%, to 105,467.7, as investors cautiously re-entered the market following two days of sharp declines triggered by Operation Sindoor.
ICICI Securities maintains a Hold call on Polycab India, setting a target price of Rs 6150. The company{sin-quite}s Q4FY25 financials reveal a significant surge in consolidated total income and net profit. Strong performance in the FMEG portfolio and cables & wires segment drove growth, while the company gained market share in the domestic organized cables and wires industry.
Foreign investors are bullish on Indian financials, injecting ₹23,000 crore in April{sin-quite}s second half, favoring banks amid improved margins and stable asset quality. While IT, auto, and metals face outflows, capital goods, telecom, and oil & gas attract interest. Experts advise selective optimism, noting potential margin pressures despite a positive outlook for large private banks.
Shares of Ideaforge Technology jumped 15% on the BSE, topping the gains among Indian drone and defence stocks after reports of Indian forces deploying suicide drones to destroy air defence systems in Lahore and Multan. Droneacharya Aerial Innovations rose 5% to Rs 68.13, ZEN Technologies added 5% to Rs 1406.35.
Pace of recovery will depend on the pace at which profitability sustains and stabilises and volumes improve. But on risk-reward now after a period of three-four years we are now coming to a stage where as a contrarian investor one could start evaluating investing in this stock.
JM Financial maintains a Buy call on Aadhar Housing Finance with a target price of Rs 525, citing its pan-India presence and scalable technology. The brokerage anticipates a 20% AUM CAGR during FY25-27E and values the company at 2.6x FY27E BV. Aadhar reported a consolidated total income of Rs 833.84 crore for the quarter ended March 2025.
HDFC Securities recommends a {sin-quite}Buy{sin-quite} for Aether Industries, setting a target price of Rs 1197. Aether{sin-quite}s Site 4 is set to fulfill a Baker Hughes supply agreement, boosting revenue starting Q1FY26. Expansion at Site 3++ is on track for FY26 completion, while the Panoli project{sin-quite}s first phase is expected by December 2025.
Brigade Enterprises has acquired an 11-acre land parcel near ITPL, Whitefield, to develop a premium office project with 1.5 million sq ft of leasable space and a GDV of over Rs 2,000 crore. The company also announced a residential project in Malur. Analysts remain bullish, with a 40% upside target and a {sin-quite}Strong Buy{sin-quite} rating.
Larsen & Toubro reported a 25% YoY jump in Q4FY25 net profit to Rs 5,497 crore, with revenue up 11% to Rs 74,392 crore. Annual order inflow hit a record Rs 3.56 lakh crore, led by strong international traction. EBITDA rose 13%, and a final dividend of Rs 34/share was declared. Management hailed the year as “outstanding.”
Indian stock markets opened lower on Friday, with Sensex and Nifty declining due to heightened India-Pakistan tensions. Cross-border clashes, including missile strikes and drone attacks, have intensified, impacting investor sentiment and leading to widespread selling across sectors. Power Grid, ICICI Bank, and Reliance Industries experienced losses in early trade.
Multi Commodity Exchange of India (MCX) reported a significant 54% increase in consolidated net profit for Q4FY25, reaching Rs 135 crore, driven by a 61% surge in revenue. For the entire fiscal year, net profit skyrocketed by 574% to Rs 560.04 crore, fueled by strong operating leverage and a substantial rise in average daily turnover of futures and options.
Biocon shares: The company also reported consolidated revenue of Rs 4,454 crore, reflecting a 15% year-on-year increase on a like-for-like basis. Operating revenue, excluding BFI contributions, rose 15% to Rs 4,417 crore.
Kalyan Jewellers reported a robust Q4FY25, with consolidated revenue surging 37% YoY to Rs 6,182 crore and net profit climbing 36% to Rs 188 crore, fueled by strong domestic and international demand. For FY25, revenue reached Rs 25,045 crore, a 35% increase, while net profit rose 20% to Rs 714 crore.
The media giant reported a sharp rise in net profit to Rs 188 crore for the March quarter, a substantial increase from Rs 13.4 crore in the corresponding quarter last year.
In this insightful conversation, Kalwani outlines how NRIs can reposition their portfolios with a focus on long-short equity strategies, precious metals like gold and silver, and India’s growing appeal as a manufacturing and investment hub.
Some Investors are shifting toward safe-haven assets like gold, U.S. Treasuries, and defensive sectors such as healthcare and consumer staples. Geographic diversification, higher cash holdings, and exposure to real assets like commodities and real estate offer protection.
JM Financial is optimistic about Paytm{sin-quite}s future. They predict a target price of Rs 1,070. This is up from their earlier target. The brokerage expects Paytm to sustain its profitability. They also foresee benefits from network effects. JM Financial values Paytm at 60x FY27E PER. Promoters held a stake, FIIs owned 55.39 per cent, and DIIs 14.01 per cent.
Manish Gunwani of Bandhan AMC suggests Indian equity markets aren{sin-quite}t in a bubble, citing reasonable long-term real returns. He sees value in thematic and bottom-up investing, anticipating sustained market appeal driven by potential foreign capital inflows over the next three to five years. Favorable dollar trends and resilient service exports further support a positive outlook for Indian assets.
Biocon reported a significant surge in Q4 net profit, up 153% to Rs 344 crore, with revenue growing 12% to Rs 4,454 crore. The company{sin-quite}s biosimilars achieved impressive global sales, and strategic expansions, including a US manufacturing facility acquisition, are underway. Looking ahead, Biocon is focused on growth through innovation, digital augmentation, and operational excellence, including expanding its GLP-1 portfolio.
Following the closure of 27 airports due to the ongoing military situation, aviation stocks are under scrutiny. Airlines like IndiGo and Air India are rerouting flights and offering fee waivers for affected routes. Passengers are advised to arrive at airports at least three hours early due to heightened security measures prompted by ceasefire violations along the LoC.
Angel One{sin-quite}s Aamar Deo Singh suggests that despite geopolitical tensions, Indian markets show resilience. He highlights IDFC First Bank and Marico as potential trading opportunities, with specific targets and stop losses. Singh notes that auto ancillary, banking, and FMCG sectors are performing well, while caution is advised due to elevated India VIX levels.
Defence stocks like Hindustan Aeronautics and Bharat Forge are up. This follows rising India-Pakistan tensions. The Modi government has called a meeting with defence manufacturers. India conducted a missile strike, and Pakistan retaliated. Rajnath Singh confirmed Operation Sindoor. Pakistan launched an airborne assault, which India intercepted. The US says it will not get involved but will encourage de-escalation.
Citi favors stocks with reasonable growth visibility at sensible valuations. They avoid narrative stocks lacking earnings support. Surendra Goyal notes consumer staples are slow in earnings. Large banks are performing well. Metals face uncertainty due to global slowdown. Samiran Chakraborty forecasts India{sin-quite}s FY26 inflation at 3.8%. Global supply chain disruption and excessive stimulus are inflation risks.
Our view is that probably the worst of the tariffs we saw on April 2nd and from here tariffs are going to get a little more sane. We will see a lot of deals happening and so maybe four months later we will find that the tariff is not as bothersome, but in spite of that probably you are seeing a global economy which is going to slow down.
Oil prices remained steady on Friday after a previous surge, buoyed by easing U.S.-China trade tensions and a new U.S.-Britain trade agreement. Brent crude is at $62.91 a barrel, while WTI is at $59.98. U.S. and China will meet to resolve trade disputes, while Britain lowered tariffs on U.S. imports.
Coinbase reported a first-quarter profit drop due to a significant rise in operating expenses, which offset revenue growth in its transaction and subscription units. Increased marketing expenses and losses on crypto assets contributed to the surge in costs. Despite a rise in total revenue to $2.
Bitcoin surged 5.3% to trade at $102,889 on the day, hitting intraday highs of $103,969. Though still below its January all-time high of $109,114, the cryptocurrency has rebounded strongly and is now up for the year.
PNB’s performance for the March quarter was boosted by improved recoveries, lower provisions, and modest growth in its core business. Total income grew 13.4% YoY to Rs 36,705 crore, while net interest income (NII) rose 4% to Rs 10,757 crore.
BSE has alerted Indian market participants to heighten their cybersecurity defenses following a warning from CERT-In about ongoing cyber threats targeting the BFSI sector. The advisory urges firms to reinforce security controls, conduct risk assessments, and enhance threat monitoring to mitigate potential attacks like ransomware and DDoS. This action follows increased tensions after recent events.
Adding context, Akshay Chinchalkar, Head of Research at Axis Securities, aptly captured the Federal Reserve’s current challenge: in its first policy meeting since President Trump introduced sweeping tariffs, the Fed held interest rates steady — a move widely anticipated by markets.
Rajeev Agrawal of DoorDarshi India Fund suggests Indian markets remained resilient due to India{sin-quite}s calibrated response to a terrorist attack and a healthy economy. Strong PMI numbers and reasonable valuations contribute to a positive outlook. A strong rupee and anticipated government infrastructure spending are attracting foreign investors back to Indian equities, shifting the narrative from China.
Inditrade Capital{sin-quite}s Group Chairman, Sudip Bandyopadhyay, highlights the UK-India FTA{sin-quite}s potential benefits for various industries, overshadowing any US Fed policy concerns. He notes the return of Foreign Institutional Investors (FIIs) to India, anticipating continued momentum. Bandyopadhyay also points out Paytm{sin-quite}s profitability, despite a one-time expense, and the excitement surrounding potential MDR on UPI payments.
Gold prices in India saw a slight dip despite global gains fueled by the U.S. Federal Reserve{sin-quite}s concerns about rising inflation and labor market uncertainties. Investors are exercising caution ahead of U.S.-China trade talks. Spot gold is experiencing gains, while domestic gold futures are trading lower, with all eyes on upcoming jobless claims data.
ICICI Securities recommends an {sin-quite}Add{sin-quite} rating for United Breweries, setting a target price of Rs 2,300. The brokerage anticipates strong revenue, EBITDA, and PAT growth over the next few years, driven by premium portfolio expansion and improved operational efficiency. Key risks identified include regulatory changes and raw material price inflation, while promoter holding remains substantial.
Brokerage firm InCred Equities has shared a list of promising mid and small-cap stocks that could deliver strong returns. The list includes names across sectors such as chemicals, logistics, healthcare, and consumer goods. Some of these stocks offer upside potential of up to nearly 90%, according to the firm. Here are 10 stock ideas from InCred Equities:
Google is partnering with Elementl Power on three project sites for advanced nuclear energy as the energy required to power burgeoning artificial intelligence projects rises sharply.
JM Financial suggests buying R R Kabel shares. The target price is now Rupees 1,400. R R Kabel{sin-quite}s revenue increased significantly in the last quarter. The company saw growth in both domestic and export markets. Profit margins also improved. The brokerage firm anticipates continued growth due to capacity expansion. However, they reduced the target P/E multiple.
Despite escalating tensions between India and Pakistan, analysts believe the impact on India{sin-quite}s appeal to foreign investors will be limited. India{sin-quite}s strong domestic consumption, dovish monetary policy, and focus on trade deals with countries like the UK and the U.S. are expected to sustain investor confidence.
Realty stocks have experienced a significant downturn, with many falling below their 200-day moving averages due to slowed sales and a weak Q4FY25 outlook. Despite this, some stocks like Macrotech Developers have bucked the trend. Recent rate cuts by the RBI have spurred a slight recovery, but analysts recommend caution, citing potential consolidation and bearish signals in the near term.
Reliance Jio led the wireless broadband market with 465.10 million subscribers as of March-end, followed by Bharti Airtel with 280.76 million, according to TRAI data. Combined, the two telecom giants held nearly 79% of India’s wireless broadband market.
Indian markets are expected to consolidate on Thursday amid mixed global cues. Nifty futures closed at 24,472 with modest gains, while India VIX edged up to 19.06. Options data suggests a broader range of 23,800–24,800. Analysts highlight key support at 24,200 and resistance near 24,750. Experts recommend stocks like Power Grid, Marico, AU Small Finance Bank, and Muthoot Finance.
Frankly, so far, I have been a bit disappointed with the earnings which have come through so far, but that may change in the September quarter or so. So, as I said, broadly constructive on the market and all corrections are good opportunities to buy.
Indian stock markets continued their upward trend for the second day, with Sensex and Nifty opening higher despite geopolitical tensions with Pakistan and global economic concerns raised by the U.S. Federal Reserve. Top gainers included Tata Motors and Power Grid, while Eicher Motors and Maruti saw losses in early trading.
Gensol Engineering shares remain under pressure after the SAT denied interim relief against Sebi’s market access ban over alleged fund diversion and document forgery. The case revolves around a Rs 978 crore EV loan, with Sebi alleging misuse of funds. Regulatory actions are intensifying, including probes by the MCA and complaints by lenders. The stock has plunged 59% in a month.
Tata Chemicals shares saw a rise following the report of a reduced net loss for the March quarter. The company{sin-quite}s board proposed a dividend of Rs 11 per share. Revenue experienced a slight increase, but EBITDA declined. The board also approved raising funds through term loans or NCDs. Market conditions are challenging, but the long-term outlook is positive.
Clearly, we are living in a “VUCA” world and volatility is par for the course, but what makes these volatile times interesting is that we can capitalise on the opportunity to acquire good businesses at relatively favourable valuations.
As fears of a full-blown India-Pakistan war are believed to have receded by market analysts, Dalal Street has shifted from anxiety to analysis, focusing on strategic portfolio positioning. Analysts suggest that historical market rebounds after geopolitical events present a {sin-quite}buy-the-dip{sin-quite} opportunity. Experts recommend focusing on high-quality stocks in sectors like banks, power, and defence, driven by strong growth potential and government capex, while avoiding panic-driven decisions.
Google on Tuesday cut about 200 jobs across its global business unit, which is responsible for sales and partnerships, The Information reported on Wednesday, citing a person with knowledge of the situation.
Indian corporate earnings show positive signs, boosting the stock market. Many companies exceeded analyst estimates for the quarter that ended in March. Experts predict stable profit margins and increased consumer demand. Tax breaks and interest rate cuts may further stimulate spending. A potential trade deal with the US could also benefit Indian exports.
KFin Technologies shares will be in focus after reports that General Atlantic plans to sell a 6% stake via block deals at a 5–8% discount. In Q4FY25, the company posted a 14.3% rise in profit and 23.8% revenue growth. Despite a YTD drop, the stock is up 249% in two years. Analysts maintain a {sin-quite}Buy{sin-quite} rating.
Sumit Bhatnagar of LIC MF suggests a barbell strategy for cement investments, blending segment leaders with companies gaining from regional price increases. Recent portfolio adjustments involved reducing IT and capital goods holdings while increasing BFSI and FMCG positions. Allocations also shifted from mid and small-cap to large-cap stocks, indicating a strategic repositioning towards consumption and defensives.
Vallabh Bhanshali of Enam Group highlights India{sin-quite}s strong economic outlook amidst global volatility. International bodies acknowledge India{sin-quite}s growth in services and manufacturing. Bhanshali notes India{sin-quite}s strategic diplomacy, particularly concerning Pakistan and Afghanistan. He emphasizes India{sin-quite}s focus on democracy and long-term relationships. The market reflects both global uncertainties and India{sin-quite}s growing confidence.
Shares of Dabur fell as much as 4.3% on Thursday to Rs 461.95 on BSE after the FMCG major reported an 8% year-on-year (YoY) decline in its consolidated net profit to Rs 320 crore for Q4FY25, compared to Rs 350 crore in the same quarter last year.
In the NSE list of stocks, five stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com{sin-quite}s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks{sin-quite} 50-day simple moving averages (SMA) crossed their 200-day SMAs on May 07.
Investors await Srigee DLM IPO allotment finalization. Subscription closed on May 7. The IPO witnessed significant oversubscription across all categories. Successful applicants will receive shares in their demat accounts by May 9. Unsuccessful applicants will receive refunds on the same day. Srigee DLM is set to debut on the BSE SME platform on May 12.
Several brokerage firms have issued positive recommendations on select stocks, signaling strong growth potential in the next 12 months. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Earnings season is gaining speed with 74 companies set to reveal quarterly results on Thursday. Key companies include L&T, Titan, and Asian Paints. Asian Paints anticipates muted performance with revenue decline. L&T is projected to report net profit growth. Investors are closely watching these financial announcements for insights into company performance.
The US Federal Reserve concluded its May 2025 policy meeting by maintaining the key interest rates unchanged, citing persistent economic uncertainty stemming from recent tariff escalations and mixed economic indicators.
The US Federal Reserve maintained interest rates at 4.25%-4.5% amid rising uncertainty from tariff escalations and mixed economic data. This decision aligns with market expectations, signaling a cautious approach balancing inflation risks and slowing growth concerns. The Fed will continue monitoring economic developments and reducing its holdings of Treasury securities.
Manoj Jewellers{sin-quite} IPO allotment is expected to be finalized on May 8, with investors able to check their status via Skyline Financial Services or the BSE website. The IPO, subscribed 1.14 times, saw strong interest from retail and NII segments.
Federal Reserve Chair Jerome Powell clarified that he has never requested meetings with U.S. presidents, stating any such interactions occurred at the president{sin-quite}s initiative.
The Bank of Japan faced internal disagreement in March regarding the timing of future interest rate hikes. Concerns arose about the potential negative impact of US tariff policies on Japan{sin-quite}s economy. Some members advocated caution, while others emphasized the need for decisive action. Governor Kazuo Ueda acknowledged global economic uncertainty and potential inflationary pressures.
India and the UK have finally wrapped up talks on a long awaited free trade agreement (FTA). And it’s got everyone buzzing. So let’s skip the formalities and get straight into what it actually means.
The U.S. dollar remained stable against the euro on Thursday. This followed a rise the previous day. The Federal Reserve cautioned about economic risks. These risks included inflation and unemployment. Investors are watching for progress in U.S.-China trade talks. A meeting in Switzerland is planned. The Bank of England is expected to announce a rate cut.
Oil prices saw stability on Thursday. This follows a previous drop due to worries about the U.S. and China trade discussions. These talks are scheduled for May 10 in Switzerland. Investors are concerned about the potential impact on global oil consumption. Rising U.S. gasoline inventories also contribute to demand concerns.
Gold prices saw an increase. This happened after the Federal Reserve gave warnings. They spoke of rising inflation and risks in the job market. Investors are now waiting for trade discussions between the US and China. The Fed also kept interest rates steady. Tensions are high between India and Pakistan following recent clashes.
Benchmark indices Sensex and Nifty witnessed high volatility in early trade on Wednesday (May 7, 2025) after India launched missile strikes on terrorist hideouts in Pakistan and Pakistan-Occupied Kashmir (PoK).
Warren Buffett and Nita Ambani showcase contrasting lifestyles. Buffett enjoys Coca-Cola and fast food. Nita Ambani prefers beetroot juice and yoga. Buffett links longevity to happiness. Ambani promotes fitness and mindful nutrition. Both leaders have remained active in their respective fields. They offer different paths to endurance. They continue to lead major institutions.
Raamdeo Agrawal of Motilal Oswal Group anticipates a shift towards tangible assets for wealth creation. He highlights infrastructure projects as a key opportunity. Agrawal notes Berkshire Hathaway{sin-quite}s potential move into hard assets under new leadership. He suggests they might invest in cross-country infrastructure. He also observes Berkshire Hathaway{sin-quite}s large cash reserves.
Sanjeev from Pune aims for a Rs 2 crore corpus in five years through a Rs 1.27 lakh monthly SIP. However, a financial expert flagged his portfolio{sin-quite}s overexposure to small- and mid-cap funds, constituting 67% of his investments. The expert recommended a more balanced asset allocation, suggesting diversification into safer, diversified equity funds to mitigate risk and ensure long-term stability.
Gold prices declined due to optimism surrounding potential US-China trade discussions. This reduced the demand for safe-haven assets. Investors are closely monitoring the US Federal Reserve{sin-quite}s policy decision. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will meet. They will explore possible resolutions to trade tensions. The market{sin-quite}s focus is on the Federal Open Market Committee meeting.
India stated that the strikes were in response to the April 22 attack in Indian Kashmir that killed 26 people, holding Islamabad responsible. Pakistan denied any involvement but warned it would retaliate if targeted.
Among the PSU bank basket, on one hand we have seen a very good set of number from Indian Bank, so there again, we feel there is a value that lies there trading at 0.9 times one year forward price to book. So, we feel the fair value of Indian Bank is close to Rs 650.
ICICI Securities has a {sin-quite}Reduce{sin-quite} call for Avenue Supermarts. The target price is revised to Rs 3,500. Avenue Supermarts{sin-quite} revenue, EBITDA and PAT are expected to grow. The company reported a consolidated total income of Rs 14896.91 crore for the quarter ended March 31, 2025. Upside risks include better general merchandise recovery. Downside risk is lower retail expansion.
KEI Industries{sin-quite} shares surged 4.1% following a robust March 2025 quarter, marked by a 34.4% jump in net profit to Rs 227 crore and a 25% revenue increase to Rs 2,915 crore. Despite a slight dip in operating margins, Nuvama maintains a {sin-quite}Buy{sin-quite} rating with a target price of Rs 4,010, anticipating further stock recovery.
The Indian rupee weakened to 84.66 against the US dollar on Wednesday following India{sin-quite}s military strikes in Pakistan and Pakistan-Occupied Kashmir, escalating cross-border tensions. Forex traders anticipate potential dollar buying and RBI intervention to stabilize the rupee amidst market nervousness. Domestic equity markets also experienced a decline, while Brent crude saw a rise.
Axis Securities maintains a Buy call on Indian Hotels Company, revising the target price to Rs 900. The brokerage anticipates continued momentum in the hospitality sector, driven by limited room supply and increasing foreign tourist arrivals. A rising middle class with greater spending power is expected to further boost the company{sin-quite}s revenue, projecting double-digit growth while maintaining stable margins.
Indian high net-worth individuals invested in Swiggy, Eternal, and Jio Financial Services during the March quarter. They exited Nykaa and Premier Energies. HNI holdings in NSE-listed firms decreased by Rs 1.02 lakh crore. Nitco Ltd. saw a significant increase in HNI stake. UBS maintains a positive outlook on Indian equities. Foreign institutional investors have been net buyers recently.
Cisco Systems on Tuesday showed a prototype chip for networking quantum computers together and said it is opening a new lab in Santa Monica, California, to further pursue quantum computing.
HDFC Securities suggests adding Marico shares, targeting Rs 785. Marico{sin-quite}s Q4FY25 results exceeded expectations, driven by strong domestic volumes. Foods and digital brands performed well. Profitability faced pressure from raw material inflation and advertising costs. The brokerage forecasts revenue, EBITDA, and PAT CAGRs of 9%, 11%, and 11% respectively for FY25-FY28E. Growth is expected from domestic business and international operations.
Markets are expected to consolidate on Wednesday amid India-Pakistan tensions. Nifty futures closed lower at 24,415, with India VIX rising over 3%. Options data suggests a broad trading range of 23,800–24,800. Analysts recommend stocks like Tata Steel, Maruti, ICICI Bank, and United Spirits for short-term trades, while cautioning that Nifty must hold above 24,400 to regain momentum.
Tata Motors shares: As per Tuesday’s exchange filing, 99.9995% of shareholders approved the demerger plan, under which each will receive equal shares in the two newly listed entities.
Prestige Estates clocked over Rs 3,000 crore in sales within a week of launching its first NCR project, The Prestige City in Indirapuram, marking its debut in the region. The project sold 1,200 units across two phases. With expansion plans across major cities and a mall in the pipeline, the company is optimistic about its growth trajectory.
Paytm Q4 Results: One 97 Communications, which operates fintech platform Paytm, on Tuesday reported a consolidated net loss of Rs 540 crore in Q4FY25 versus Rs 550 crore reported in the year ago period. The loss is attributable to the owners of the parent.
Paytm{sin-quite}s parent company, One97 Communications, saw shares rise after reporting a narrower consolidated net loss of Rs 540 crore for Q4FY25, despite exceptional items. Revenue declined 16% year-on-year but increased sequentially. The company anticipates potential policy clarity around merchant discount rates on UPI, which could offer incremental monetization opportunities.
Axis Securities recommends a Buy call on Biocon, setting a target price of Rs 351, indicating a potential 10% upside. The recommendation is based on the increasing market share of biosimilars and a robust pipeline, including gLiraglutide and upcoming biosimilars like Stellara and YESFILI. For the quarter ended December 31, 2024, Biocon reported a consolidated total income of Rs 3856.
Several leading brokerages have reiterated their bullish stance on a diverse set of Indian companies, reflecting confidence in the country’s evolving growth story and sectoral tailwinds for the next 12 months.
Indian equity markets anticipate a nervous opening. This follows the Indian Armed Forces{sin-quite} precision strikes on terror infrastructure in Pakistan and PoK under Operation Sindoor. The government calls the operation focused and non-escalatory. GIFT Nifty indicates a mildly negative start. The Ministry of Defence will provide a detailed briefing on Operation Sindoor.
Following the launch of Operation Sindoor by the Indian Armed Forces targeting terrorist infrastructure in Pakistan and PoK, defence stocks surged. Companies like Mazagon Dock Shipbuilders and Hindustan Aeronautics experienced notable gains.
Indian stock market indices experienced a slight dip at the opening bell. This followed the Indian Armed Forces{sin-quite} precision strikes on terror infrastructure in Pakistan and PoK. The operation, named {sin-quite}Operation Sindoor{sin-quite}, targeted locations used for planning attacks against India. The Ministry of Defence emphasized the operation was focused and non-escalatory.
Virtual Galaxy Infotech Limited, a leading Hybrid SaaS and Enterprise Software company serving the BFSI sector, is launching its Initial Public Offering (IPO) on May 9, 2025. The IPO is priced in the range of Rs135 to Rs 142 per share, with a total issue size of Rs 93.29 crore. The company plans to list on the NSE Emerge platform, aiming to tap the capital markets for growth and expansion.
TikTok said Tuesday it was investing 1 billion euros ($1.1 billion) to build a data centre in Finland, days after the EU slapped it with a massive fine accusing it of sending Europeans{sin-quite} personal data to China.
Arunaya Organics is set to list on the NSE SME platform on May 7 after its IPO was subscribed 2.45 times. The IPO comprised a fresh issue and an offer-for-sale, raising a total of Rs 34 crore. The company plans to use the proceeds to establish a new manufacturing facility and for working capital.
We are all aware markets do not like uncertainty of any type, and by nature, it is forward-looking. Hence, it reacts either positively or negatively depending upon the underlying developments.
HDFC Securities has issued a Reduce call on Indian Oil Corporation (IOC), setting a target price of Rs 128, lower than the current market price of Rs 147.95. The brokerage firm has revised its EPS estimates downward for FY26/27, citing lower refining and marketing margin assumptions. They maintain a REDUCE rating based on their SOTP target price calculation.
BSE shares surged 5% following a remarkable 362% YoY jump in Q4 net profit, reaching Rs 494 crore, fueled by increased transaction charges and strong operating leverage. The bourse{sin-quite}s revenue from operations rose 75% to Rs 847 crore. Commemorating its 150th year, BSE declared a total dividend of Rs 23 per share, including a special dividend of Rs 5.
News that the United States and China are due to talk on Saturday eased concerns about a trade war that has shaken investor confidence in the dollar and U.S. markets. Fed Chair Jerome Powell was expected to say more data is needed before deciding the U.S. central bank{sin-quite}s next move.
“IGL stock price has been consolidating within a broad range of 170-200, consistently trading below its 200-day Exponential Moving Average (EMA) on the daily charts. Traders can buy for a target of Rs 240-245 in the next 5-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
Aniruddha Naha of PGIM India Asset Management suggests opportunities in small and microcaps with cleaner balance sheets, highlighting capital goods and agrochemicals due to completed capex and normalizing inventory. He remains positive on pharma despite tariff concerns, anticipating the financial sector{sin-quite}s potential. Naha favors discretionary consumption, particularly music and liquor, while cautioning on travel and tourism valuations.
The India rupee is poised to decline at open on Wednesday after military action by India against Pakistan heightened cross-border tensions.
Pankaj Pandey suggests markets will likely recover from geopolitical shocks within months, maintaining a positive outlook for banks and oil & gas as foreign selling pressure eases. While cautioning against the {sin-quite}sell in May{sin-quite} adage, Pandey highlights potential near-term volatility. He sees opportunities in commodities, hotels, hospitals, autos, AMCs and real estate, favoring a stock-picking approach.
A bipartisan group of President Donald Trump{sin-quite}s critics is launching a new organisation, dubbed the Cost Coalition, to highlight Mr. Trump{sin-quite}s struggle to control rising costs in the early months of his new Presidency.
April saw EPS downgrades for 70% of Nifty50 firms, led by Zomato with a 15.1% cut. IT, consumer, and auto sectors faced sharp estimate reductions. Despite strong Q4 beat-miss ratios, FY26 forecasts declined due to global headwinds and underperformance in IT, FMCG, and financials.
Following the Pahalgam attack, Pakistan{sin-quite}s KSE-100 index fell nearly 4%. Fears of military escalation rattled investors. India{sin-quite}s Sensex rose 1.5%, defying regional risks. Moody{sin-quite}s warned of economic strain on Pakistan. India suspended the Indus Waters Treaty. Foreign investors remained confident in India. Tensions between the two countries remain high. The historical context shows Indian markets have weathered such tensions.
LIC strategically reshuffled its substantial equity portfolio in Q4, increasing investments in Reliance Industries, Tata Motors, and SBI. Conversely, the insurer reduced its holdings in ICICI Bank and IT giants like Infosys and TCS. This rebalancing reflects valuation adjustments, sectoral rotations, and portfolio management strategies in anticipation of FY26.s
The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump{sin-quite}s sweeping tariffs, while equities mostly rose as investors await the Federal Reserve{sin-quite}s latest policy decision. Equities mostly rose, with Hong Kong and Shanghai leading the way as investors returned from a long weekend.
Glenmark Pharma{sin-quite}s innovation arm, IGI, received FDA fast track designation for its myeloma therapy ISB 2001, targeting heavily pre-treated RRMM patients. The tri-specific antibody showed high response rates and a favorable safety profile in early trials. Complete results will be presented at ASCO 2025. The stock rose 2.2% on Monday, with analysts maintaining a {sin-quite}Buy{sin-quite} rating.
JM Financial maintains a buy call on Ambuja Cements with a target price of Rs 635, citing strong volume growth and better-than-expected realization. Ambuja{sin-quite}s consolidated volume grew by 13% YoY and QoQ, with EBITDA increasing significantly QoQ. The company aims to expand capacity to 140mt by FY28, supported by a robust balance sheet and dominant market position.
Apple on Monday lodged an appeal to challenge a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition.
Cyient Limited faces scrutiny as its American branch, Cyient Incorporated, receives a penalty. The Internal Revenue Service issued the order. It relates to alleged non-compliance with the Affordable Care Act. Cyient is challenging the decision. The company reported a profit jump in Q4. However, revenue saw a slight dip. Technical indicators for Cyient stock present a mixed outlook.
From the tactical success of the Elever FactorShields Fund, which delivered 20% returns in FY25, to sharp views on the US-led macro shifts and sector rotation strategies, Aggarwal outlines how investors can align portfolios for stability and long-term alpha. Edited Excerpts -
In an exclusive interview with ETMarkets, Lakhotia shares his ideal portfolio mix for this age group, highlighting a 50% allocation to equities, 20% to gold, 10% to REITs or international funds, and 20% to debt instruments.
Mahindra & Mahindra{sin-quite}s Q4 results exceeded expectations, with a 22% YoY increase in standalone net profit and a 24% rise in revenue. The company{sin-quite}s strong performance was driven by double-digit growth across its auto and farm segments, leading to an increased dividend payout. Brokerages remain bullish, citing robust growth prospects and new product launches.
BlackRock{sin-quite}s Ben Powell suggests rising US 10-year Treasury yields, driven by persistent US inflation and trade tensions, could dampen economic optimism. This limits the Federal Reserve{sin-quite}s ability to cut rates, while investors demand higher compensation for long-term investment risk. Despite potential demand contraction, companies are investing in AI to boost productivity amid global uncertainty.
Coforge{sin-quite}s shares are in focus following a strong Q4 FY25 performance, with net profit rising 16.5% YoY to Rs 261 crore and revenue increasing 47% YoY to Rs 3,410 crore. The company reported a robust order intake of USD 2.1 billion and anticipates strong growth in FY26. The board has recommended an interim dividend of Rs 19 per share.
Angel One{sin-quite}s Sneha Seth analyzes Nifty and Nifty Bank. Nifty finds support around 24,200-24,300, facing resistance near 24,500-24,700. Profit-taking occurs in the banking index, with support at 54,400-54,500. MGL shows buying interest, potentially surpassing 1400-1405 resistance. SBI Card{sin-quite}s chart structure suggests upward movement, supported by its 20 DMA. Seth recommends going long on MGL and buying SBI Card.
OpenAI on Monday (May 5, 2025) said it is restructuring as a public benefit corporation (PBC), reaffirming its founding mission by allowing the nonprofit organisation that oversees it to retain control. The move marks a significant reversal from previous plans to shift authority to investors and signals a renewed commitment to prioritising public benefit over profit.
Ircon International has secured a Rs 187.08 crore work order from KSITIL for constructing a rural industrial park in Thiruvananthapuram, slated for completion in 30 months. This follows a Rs 458.14 crore contract from NEEPCO for civil works on the Tato-I Hydro Electric Project in Arunachal Pradesh, to be executed over 45 months.
Despite a slight economic downgrade, India{sin-quite}s 6% growth rate positions it for continued market expansion, attracting both local and international investors. A valuation correction provided a favorable entry point, leading to a significant return of global investors. While export-oriented sectors face uncertainty, domestic consumption and rural-focused sectors like FMCG and BFSI are promising.
Market expert Sandip Sabharwal is optimistic about Reliance Industries, infrastructure, and capital goods sectors, anticipating benefits from easing monetary conditions and policy support. He highlights Reliance{sin-quite}s new energy initiatives and the undervalued potential of auto and infra stocks.
Avenue Supermarts, parent company of DMart, is unlikely to enter the Q-commerce race, choosing instead to enhance delivery timelines and product variety. Bernstein India suggests DMart will focus on value and choice to compete with rapid delivery platforms. Despite concerns about overlap with Q-commerce users, DMart believes its big-box model offers sustainable value in the FMCG and grocery sectors.
Paras Defence and Space Technologies will be in focus after signing an MoU with Israel{sin-quite}s HevenDrones to explore defence and civil drone market opportunities. This collaboration aims to establish a joint venture in India for developing logistics and cargo drones, aligning with the ‘Make in India’ initiative.
Iware Supplychain IPO, which aimed to raise Rs 27 crore through a fresh issue of 28.56 lakh shares, was subscribed just 3 times. The tepid interest in the IPO was in line with modest responses most of the SME issues received this year.
Ather Energy{sin-quite}s stock market debut saw shares initially rise above the IPO price. However, the stock soon fell below its issue price. The IPO aimed to raise funds for expansion and debt repayment. Despite losses, Ather achieved significant sales and plans to increase production capacity. The company faces challenges in a competitive EV market.
The fourth quarter earnings season is gaining traction, with several companies, including Bank of Baroda, Paytm, BSE, and HPCL, set to announce their results on Tuesday. Paytm{sin-quite}s Q4FY25 earnings are keenly anticipated, with some brokerages projecting a profit, while others foresee a reduced loss.
An explainer on why Indian companies are chasing protein-packed foods and who might win the race.
The dollar faced challenges. Taiwan{sin-quite}s currency saw a significant rise. This impacted other regional currencies. Hong Kong{sin-quite}s central bank intervened to maintain its currency peg. Investors are watching for developments in US-China trade talks. The market is considering the possibility of currency appreciation as part of trade negotiations. Other currencies like the Australian dollar and yen also experienced changes.
Oil prices stabilized after a significant drop. This decline followed OPEC+{sin-quite}s decision to increase oil production. Concerns about oversupply grew due to rising US tariffs. Diamondback Energy reduced its output forecast. Barclays lowered its Brent crude forecast. The US Federal Reserve is expected to hold interest rates steady. Treasury Secretary Scott Bessent defended Trump{sin-quite}s economic agenda.
The S&P 500 experienced a decline, ending its 20-year winning streak. This drop occurred as investors considered President Trump{sin-quite}s new tariff announcement. The Federal Reserve{sin-quite}s monetary policy decision is expected later this week. Energy sector performed poorly after OPEC+ decided to increase output. Investors are also watching for potential rate cuts by the Fed in 2025.
Coal India is anticipated to report stable Q4 2025 results, with flat revenue and modest profit growth driven by improved e-auction prices and cost control. While dispatch volumes remained mostly unchanged and production saw a slight dip, higher e-auction premiums are expected to offset volume stagnation. Brokerages predict healthy operating margins due to better pricing and stable stripping ratios.
Oil steadied after a sharp drop with the prospect of more OPEC+ supply weighing on the outlook, as the US-China trade war drags on. Brent traded above $60 a barrel after losing 1.7% on Monday, and West Texas Intermediate was near $57. Saudi Arabia warned of further production hikes if overproducing members of OPEC+ don’t fall in line. The cartel decided over the weekend to boost output in June, according to delegates.
Ford Motor Co. suspended its full-year financial guidance and said President Donald Trump’s auto tariffs will take a toll on profit, joining rivals stung by volatile global trade policies. The automaker expects the duties to reduce 2025 adjusted earnings before interest and taxes by about $1.5 billion on a net basis this year, it said while reporting a first-quarter profit that beat expectations. The company’s total tariff impact is about $2.5 billion, $1 billion of which the company expects to offset through actions such as using so-called bonded transportation to shield parts from levies as they cross international borders, Chief Financial Officer Sherry House told reporters.
Equity derivatives activity in India is gathering steam after a slump caused by regulatory curbs on speculative bets, as global investors and market swings make a comeback. The average daily notional turnover for futures and options climbed to 229 trillion rupees ($2.7 trillion) in April on the National Stock Exchange, according to data on the bourse’s website. That’s the highest since November, when the Securities & Exchange Board of India imposed strict measures to rein in the frenzy in derivatives.
M&M Q4 Results: During the quarter, the company’s total vehicle sales rose 18% YoY to 2,53,028 units, while tractor sales increased 23% YoY to 87,138 units. Utility vehicle (UV) volumes grew 18% YoY to around 1.49 lakh units.
PSU bank stocks have underperformed in 2025, with several falling sharply despite decent Q4 earnings and macro tailwinds. SBI{sin-quite}s results and performance remain critical for a sectoral revival. Technical charts indicate bullish potential, and analysts suggest being stock-specific, favouring names like SBI and Bank of Baroda.
Despite market volatility in 2025, some penny stocks in India have delivered substantial returns, with names like Srichakra Cement and Omansh Enterprises soaring. However, experts caution against the high risks associated with these stocks, citing weak financials and poor liquidity. They advise investors to focus on fundamentally strong companies instead of chasing speculative rallies.
Gold prices are currently consolidating after falling from record highs. This decline is due to developments related to US trade and monetary policy. Experts suggest a buy-on-dips strategy, anticipating a potential breakout. Traders should monitor US economic data, Federal Reserve decisions, and rupee movement. These factors will influence gold{sin-quite}s direction in the near term. Support is seen near Rs 92,300.
I get a sense that prices are under pressure. OPEC in themselves have made a decision because they actually sort of need US dollars and as a result of that you will see oil prices under quite a bit of pressure.
V-Mart Retail shares experienced a decline of 6.2% despite positive financial news. The company reported a net profit of Rs 19 crore for the March 2025 quarter, a significant improvement from the previous year. Revenue also increased by 17%. The board approved a 3:1 bonus share issue. However, the board did not recommend dividend.
Adani Ports shares: The surge comes after a 4.4% rise on Friday, when Adani Ports led the gains on the Nifty index. The stock has now recovered all its losses for 2025, posting a 7.2% year-to-date gain. In the past month, it has climbed 11%, though it still shows a 2% decline over the last six months.
Gold prices experienced a decline of Rs 2,754/10 grams on MCX over the past week, influenced by US-China trade negotiation optimism and a strengthening dollar. Despite initial gains, gold and silver futures settled mixed amid profit-taking and dollar index rebound. Experts anticipate continued volatility, suggesting potential support and resistance levels for both gold and silver on MCX.
JM Financial maintains a Buy call on Bajaj Finance, revising the target price to Rs 9,500. While Q4FY24 results missed estimates due to higher credit costs, AUM growth remained healthy. Management projects moderated growth and RoE for FY26. Despite this, the brokerage remains positive on Bajaj Finance{sin-quite}s ability to navigate cycles, though valuation appears rich.
Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India{sin-quite}s Reliance imported the same component in a similar manner for years, documents show.
Shares of InterGlobe Aviation, Asian Paints, MRF, and fuel retailers surged on Monday as Brent crude prices fell below $60 per barrel after OPEC+ announced a production hike. Airlines, paint, and tyre companies are set to benefit from lower input costs. The OPEC+ decision adds to existing pressure on crude amid global slowdown fears and Trump{sin-quite}s tariff moves.
FIIs quietly raised stakes in over 400 smallcap stocks last quarter, with 12 turning multibaggers in a year. CarTrade Tech, Kitex Garments, and Shaily Engineering saw sharp FII inflows and triple-digit returns, signaling a shift in institutional appetite for smaller names. Global funds are now chasing alpha where once only retail investors dared to tread.
ICICI Securities maintains a Buy call on Vishal Mega Mart, setting a target price of Rs 140. The company{sin-quite}s Q4FY25 performance exceeded expectations, driven by strong revenue, EBITDA, and PAT growth, fueled by double-digit SSSG and aggressive store expansion. Supported by its private label strategy and loyal customer base, Vishal Mega Mart is well-positioned for continued profitable growth.
Crude oil prices declined following OPEC+{sin-quite}s decision to boost production. US futures also experienced a dip. Global markets showed mixed performance with losses in Australia and Taiwan. Wall Street extended its winning streak amid trade war concerns. Job growth in April was solid, but trade tensions continue to loom.
The Federal Reserve is expected to maintain current interest rates. This decision comes amid pressure from Donald Trump and scrutiny over inflation. Trump claims there is no inflation, but data suggests otherwise. Tariffs add complexity to the Fed{sin-quite}s decision-making. Some economists predict rate cuts later in the year. Elon Musk has also criticized the Fed{sin-quite}s spending.
Oberoi Realty shares: Oberoi Realty{sin-quite}s stock has risen 4.70% over the past year, but its performance in 2025 has been notably weak. Year-to-date, the stock is down 29.62%, with a 6-month decline of 18.72% and a 13.10% drop over the past 3 months.
If you see, almost NII growth could have been better. The whole of last year the cost of deposits was higher while we moderated in the last quarter. If you see our cost to deposits have not significantly gone up but on the year-on-year basis the cost of deposits movement also has impacted the profits.
Brokerage firms Citi and Investec remain bullish on State Bank of India, following its final quarter earnings, highlighting the bank{sin-quite}s resilient core performance, strong return metrics, and attractive valuations. Both have retained their {sin-quite}buy{sin-quite} calls on the stock with revised target prices.
A White Marubozu is a bullish candlestick pattern in technical analysis. It forms when the opening price is the lowest of the session and the closing price is the highest, indicating sustained buying pressure. Represented by a long white (or green) candlestick with little to no shadows, it signals that buyers dominated the market throughout the session. Traders often interpret this as a potential indicator of continued upward momentum.
Indian benchmark indices Sensex and Nifty opened higher, fueled by easing global trade tensions, robust U.S. jobs data, and sustained foreign investor inflows. HDFC Bank, ICICI Bank, and Reliance Industries led the gains. Kotak Bank shares declined following a larger-than-expected drop in quarterly profit, while Marico shares surged after exceeding analyst estimates.
Brent crude futures fell $2.04, or 3.33%, to $59.25 a barrel by 2240 GMT, while U.S. West Texas Intermediate dropped $2.10, or 3.60%, to $56.19 a barrel. Both benchmarks opened Monday at their lowest levels since April 9, reacting to OPEC+’s decision to raise oil production for a second consecutive month.
Marico{sin-quite}s Q4FY25 net profit rose 8% YoY to Rs 343 crore, with revenue up 20% to Rs 2,730 crore. While EBITDA increased, margins contracted due to higher input costs. The company anticipates improved consumption in FY26, driven by government initiatives and positive monsoon forecasts. Analysts maintain a {sin-quite}Buy{sin-quite} rating with an average target price of Rs 737.
Brokerages have provided a mixed outlook on Kotak Mahindra Bank Ltd. following its fourth-quarter earnings report. While some analysts highlight the bank{sin-quite}s strong asset quality and stable net interest margins, others point to the challenges posed by higher provisions and modest loan growth.
JM Financial initiates a Buy call on OneSource Specialty Pharma, setting a target price of Rs 2,049, driven by its unique CDMO positioning after consolidating Stelis and other businesses. The company is poised to benefit significantly from the rising demand for generic GLP-1s, projecting substantial revenue growth in the coming years.
The IT sector is witnessing a positive turnaround with increased hiring and global tech spending, driven by digital transformation and emerging technologies. This article delves into the sector{sin-quite}s growth trajectory and highlights key companies poised for significant upside potential.
Azad Engineering{sin-quite}s shares surged 5.3% following a $53.5 million agreement with GE Vernova for supplying airfoils to the nuclear and thermal power industries. This six-year contract, extending through 2030, reinforces Azad{sin-quite}s position in the global power generation supply chain. Analysts predict a potential 39% upside, with a {sin-quite}Strong Buy{sin-quite} recommendation.
We think the tariffs are an opportunity for India given the relative tariff advantage between China and India. An early indicator supporting this is the 100% shift to India from China (by 2026) for US-destined iPhones announced recently.
With less than one month having passed since the launch of the new US tariff regime, investors do not have hard economic data on hand to gauge the expected drag on spending.
From the quiet but powerful moves in gold reserves by global central banks—especially China—to the relative value emerging in large-cap stocks, Tiwari breaks down how investors can realign their portfolios for long-term wealth creation.
Swiggy shares: Launched in October 2024, Bolt delivers ready-to-eat meals from partner restaurants within a 2-km radius, with a promised delivery time of just 10 minutes. The service now contributes to over 10% of all orders on the Swiggy platform and has onboarded more than 45,000 restaurants.
Market expert Sunil Subramaniam suggests a 10-15% gold allocation, viewing it as a hedge against de-dollarization driven by nations reducing US dollar exposure. He believes private sector banks are better positioned to capitalize on potential rate cuts and increased consumer spending and savings, citing their efficiency and reach in the retail space.
ICICI Securities recommends buying Adani Green Energy shares. The target price is Rs 1,150. Adani Green Energy reported strong Q4FY25 results. Revenue reached Rs 27 billion, up 31% year-on-year. EBITDA also increased by 31% to Rs 24 billion. Profit stood at Rs 3.9 billion, a 25% rise. The company commissioned 2.6GW capacity in Q4FY25.
"Titan Company has been consolidating at higher zones from the last few sessions and has consistently closed in green for most of the days in the last fifteen trading sessions, which indicates a continuation of the strength of the bulls. The jewelry segment of Titan registered 24% YoY growth, supported by higher gold prices,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said
The Taiwan dollar experienced a significant surge, jumping 4.5% to a two-year high amidst ongoing trade negotiations with the US. This rally, the largest since 1988, occurred as Taiwan engages in tariff talks with the Trump administration. While the central bank typically intervenes to stabilize the currency, no action was taken this time.
Luxury carmaker Audi India on Friday said it will hike vehicle prices by up to 2% to partially offset the impact of exchange rate and input cost. The hike will take effect from May 15. The price hike would be across its entire model range in the country, the German automaker said in a statement on Friday.
A trade association representing footwear producers has asked the Trump administration to consider tariff exemptions for its products, saying the levies will drive up the cost of shoes in the US and cause businesses to shutter.
According to a recent report by Nuvama Institutional Equities, the share of high-value properties rose to 25% in April 2025, up from 22% in April 2024 and 19% in March 2025, signaling a clear resurgence in the premium housing segment.
Bandhan Bank Ltd.{sin-quite}s quarterly profit can see a strong growth from the third quarter of the current financial year, according to Chief Executive Officer Partha Pratim Sengupta. In a conversation with NDTV Profit on Friday, Sengupta predicted higher quarterly profit ahead due to multiple factors, including a slowdown in slippages in the microfinance segment.
Call it the tale of two markets. On one side, heavyweight Reliance Industries — India’s most valued stock — roared 9% higher, buoyed by a Q4 earnings glow and a fresh wave of FII love.
Vedanta Ltd.{sin-quite}s aluminium margin can cross $1,000 per tonne in financial year 2026 from the current levels of $850 per tonne, according to Chief Financial Officer Ajay Goel. It will make the aluminium segment the company{sin-quite}s most profitable business and help in increasing its Ebitda, he said in a conversation with NDTV Profit on Friday.
GoalFi suggests a balanced investment approach, mirroring an IPL team, with financials as the anchor due to strong credit growth. Consumer-facing sectors lead the top order, driven by demand revival, while manufacturing and capital goods offer mid-overs acceleration. Select digital and tourism themes provide tactical opportunities for match-winning returns, creating a portfolio for diverse market conditions.
President Trump acknowledged the U.S. economy is in a "transition period," expressing optimism for future performance despite concerns about a potential short-term recession. He cited strong employment figures and reiterated his call for the Federal Reserve to lower interest rates.
Despite a surprising U.S. economic contraction in the first quarter, global markets showed resilience, with stocks rising and volatility easing. Positive Eurozone GDP and a strong U.S. jobs report boosted sentiment, overshadowing corporate concerns about tariffs. The Bank of Japan{sin-quite}s lowered outlook had limited impact.
Global markets brace for a busy week. The Federal Reserve leads central bank meetings amid economic concerns. China{sin-quite}s trade data will reveal tariff impacts. Elections in Australia, Singapore, and Romania could shift political landscapes. UK shows positive trends despite global trade tensions. Brazil considers rate hikes while Poland eyes cuts. All eyes are on economic indicators and political decisions.
State-owned NMDC reported iron ore production rose nearly 15% in April at 4 million tonnes from the 3.48 MT a year earlier.
The Federal Reserve meeting will assess the recent stock market recovery. Investors hope for interest rate cuts. Stocks recovered after President Trump{sin-quite}s tariffs caused a slump. The Fed is expected to hold rates steady. Market anticipates potential rate cuts. Trump{sin-quite}s tariffs and White House pressure influence the Fed{sin-quite}s decisions. Corporate earnings have exceeded expectations.
Adani Ports and Special Economic Zone surged 4.4% on Friday, becoming the top Nifty gainer, fueled by robust Q4 results that surpassed expectations. This rally erased all of 2025{sin-quite}s losses, pushing the stock into positive territory for the year, closing at ₹1,269.7, up 4.2% year-to-date. Analysts maintain a bullish outlook, anticipating further rebound after recent market corrections.
The BSE Sensex rose 0.3%, or 260 points, to end at 80,502. The NSE Nifty50 edged up 0.05%, or 13 points, to close at 24,347. Both indices gained 1.5% this week-marking the third straight weekly gain for Indian equities-the longest such streak since December 2024.
The U.S. economy added 177,000 jobs in April, exceeding expectations, while the unemployment rate held steady at 4.2%. The data helped to assuage concerns of a economic slowdown following a Commerce Department report, showing a contraction in U.S. gross domestic product for the first time in three years, weighed down by a tariff-induced flood of imports.
ICICI Bank was fined for non compliance on cyber security framework in banks, know your customer (KYC) regulations, and credit card and debit card - issuance and conduct.
This team would review and scrutinise external communications, including notices and reports from regulators, stock exchanges, and other stakeholders. It is also advising the bank on potential legal implications stemming from the audit reports submitted, sources said.
Last week, the SUV leader announced that it will acquire nearly 59% stake in commercial vehicle (CV) maker SML Isuzu for ₹555 crores. Now, the deal values SML at ₹650 a share and it’s over 60% lower than its market price. And it’s one of the steepest discounts we’ve seen in a strategic acquisition.
Bond yields declined after the RBI announced buying back government securities worth ₹1.25 lakh crore in May, lifting sentiment, while the large quantum took market participants by surprise.
The rupee strengthened Friday to a peak of 83.78 per dollar, before closing weaker at 84.58, likely due to dollar purchases by the Reserve Bank of India (RBI). The rupee had closed at 84.48/$1on the previous day.
The rupee strengthened Friday to a peak of 83.78 per dollar, before closing weaker at 84.58, likely due to dollar purchases by the Reserve Bank of India (RBI). The rupee had closed at 84.48/$1on the previous day.
The Supreme Court{sin-quite}s decision to overturn JSW Steel{sin-quite}s acquisition of Bhushan Power & Steel has shaken India{sin-quite}s insolvency resolution framework. This ruling raises concerns about the finality of IBC deals, potentially deterring global financial investors from the distressed asset market due to increased legal uncertainty.
State Bank of India, Kotak Mahindra Bank Ltd. and Avenue Supermarts Ltd. are among the top names that will announce their earnings for the March quarter on Saturday. SBI is expected to clock a standalone net profit decline of 13% to Rs 17,800 crore, according to analysts{sin-quite} consensus estimates compiled by Bloomberg.
State Bank of India, Kotak Mahindra Bank Ltd. and Avenue Supermarts Ltd. are among the top names that will announce their earnings for the March quarter on Saturday. SBI is expected to clock a standalone net profit decline of 13% to Rs 17,800 crore, according to analysts{sin-quite} consensus estimates compiled by Bloomberg.
On a year-on-year basis, TVS Motor{sin-quite}s revenue from operations rose 17% to ₹9,550.4 crore in the March 2025 quarter. Net profit grew at a faster rate of 76% to ₹852.1 crore, buoyed by the fact that benefits under the production-linked incentive (PLI) scheme for the full year were recognised in the fourth quarter.
Reversing four months of inflows, April saw a net ₹13,359 crore of outflow from the index-eligible fully accessible route (FAR) government securities, the highest monthly exit since India{sin-quite}s inclusion in the JP Morgan EM index in July 2024, CCIL data showed. Passive investments often closely track the weightings on global gauges.
Indus said one of its large customers (Vodafone Idea), which accounts for a substantial part of revenue and receivables, has cleared all undisputed overdue amounts in March 2025, resulting in a significant reduction in the allowance for doubtful receivables. As a result, the fiscal fourth-quarter results reflected a write-back of Rs 226 crore in the provision for doubtful receivables.
Overall, what we need to understand is that markets have rallied significantly from the recent lows of 22,000 to currently trade around 24,300 plus. So, clearly, that has been a 10% more or less rally and in a very short span of time. So, somewhere or the other stocks are definitely witnessing some profit booking as well.
Market expert Jai Bala suggests a potential market dip below April{sin-quite}s low. A market bottom could form if the Dow Jones surpasses 40,661. The US GDP contraction is expected to have a limited global impact. Markets are exploring alternative growth sources. European and Asian markets are currently showing strong performance. Overall market impact should be manageable if stability prevails.
In the Nifty500 pack, four stocks{sin-quite} close prices crossed above their 200 DMA (Daily Moving Averages) on April 30, according to stockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
The Federal Reserve has signalled that it will keep short-term interest rates unchanged for the time being. Policymakers are waiting for clearer evidence that inflation is steadily approaching the 2% target, or signs of weakness in the job market. So far, economic data has not shown enough development to justify a policy change.
The Indian market closed flat with a negative bias on Wednesday, tracking muted global cues. The BSE Sensex fell 46 points, while the Nifty50 closed above the 24,200 level.
Morgan Stanley economist Chetan Ahya predicts trade tensions will hurt global investment. Asia{sin-quite}s GDP growth may fall from 4.8% to 3.6% by late 2025. The US may reduce tariffs, but uncertainty will remain. Tariffs on autos and semiconductors will affect Korea, Taiwan, and Japan. Pharma tariffs may impact India, China, and Japan.
The Bank of Japan maintained its interest rates at 0.5% but lowered economic growth predictions due to uncertainties surrounding U.S. tariffs. While core consumer inflation forecasts were also reduced, the BOJ anticipates inflation to remain around 2% through fiscal year 2028, suggesting potential rate hikes will continue. Markets are closely monitoring how U.S. tariffs will affect the BOJ{sin-quite}s rate-hike strategy.
Markets typically distinguish between political headlines and actual war risks. Unless there is a full-blown conflict—which is very rare—investors eventually shift their focus back to earnings, economic growth, and liquidity.
All our equity funds have delivered strong performance over the one-year time frame, while our concentrated schemes have also outperformed over the two-year period. This consistent performance is primarily attributed to our strict adherence to core investment philosophies and timely decision-making.
Nikkei inched up as investors awaited Bank of Japan{sin-quite}s rate decision. Focus is on U.S. trade talks. Advantest surged, buoyed by U.S. tech gains. Bank of Japan is expected to hold rates steady. Investors are keen on Governor Ueda{sin-quite}s comments on U.S. trade policy impact. Economy Minister Akazawa is set for trade talks. Murata Manufacturing declined after disappointing results.
Technology giant Microsoft posted robust quarterly results on Wednesday, with revenue rising 13 percent to $70.1 billion, powered by a strong performance in its cloud computing and artificial intelligence businesses. The company{sin-quite}s Intelligent Cloud segment, a key part of Microsoft{sin-quite}s business, showed particularly strong growth with revenue of $26.8 billion, up 21 percent.
Japan, China, South Korea and ASEAN plan to broaden their currency swap programme. The expansion aims to include infectious disease outbreaks and natural disasters. The Chiang Mai Initiative, a $240 billion pool, supports regional financial stability. Members will likely agree on the expansion in Milan. The change is expected to take effect in May.
Small, consistent savings, when strategically invested in mutual funds, can accumulate significant wealth over time. The key lies in understanding the power of compounding and maintaining a disciplined approach, guided by clear financial goals. By starting early and staying invested, individuals can harness the potential of mutual funds to achieve long-term financial success.
A rare financial event occurred on April 11th as the U.S. and India 10-year government bond yield spread dipped below 2% for the first time. This compression, driven by factors like U.S. fiscal deficits and tariff war fears, grants the Reserve Bank of India greater independence in monetary policy.
How does hydrogen occur naturally in the environment? Why was it considered unviable to mine or harvest natural hydrogen? Can natural hydrogen as a fuel meet growing global energy demands? Why is it still an untapped industry? Does India have natural hydrogen reserves?
Several brokerages have upgraded the target prices of various stocks over the past month. According to Trendlyne data, 10 BSE largcap index stocks, HDFC Bank, ICICI Bank, Hindalco, SBI Life, Tata Consumer, and Axis Bank have received up to seven analysts{sin-quite} target price upgrades in the last month. Here is a list of these stocks:
Meta Platforms exceeded first-quarter revenue expectations, driven by strong advertising performance, and anticipates similar success in the second quarter. The company is increasing capital expenditures to bolster AI infrastructure, despite economic uncertainties and potential tariff impacts. While some advertisers are reducing spending, Meta{sin-quite}s reliable platform positions it to benefit from market instability, though regulatory challenges in Europe ..
Amid market uncertainty, investors seek clarity. Rana Gupta of Manulife Investment suggests focusing on domestic tailwinds. He favors consumer and financial sectors. Infrastructure and telecom are attractive in the short to medium term. Gupta anticipates credit growth. He expects globally linked sectors like IT and metals to face challenges. Earnings momentum in IT may remain soft for some time.
Indian companies are gearing up to release their Q4 earnings, with Adani Enterprises and Adani Ports among the key names. All eyes are on Eternal, formerly Zomato, which is expected to reveal strong revenue growth, fueled by Hyperpure and Blinkit. However, profitability might suffer, with analysts predicting a potential profit dip or even a loss.
Japan{sin-quite}s factory activity contracted for the tenth consecutive month in April, according to a private survey, due to weakened overseas demand and rising concerns over U.S. tariffs. The au Jibun Bank Japan Manufacturing PMI edged up slightly to 48.7, remaining below the 50.0 threshold.
Oil prices experienced a slight rebound on Thursday after significant losses, influenced by indications that Saudi Arabia might increase production and a contraction in the U.S. economy during the first quarter. Concerns about trade disputes and OPEC+{sin-quite}s supply decisions continue to weigh on the market, leading to downward revisions in future price forecasts. U.S.
MetLife reported a nearly 5% rise in first-quarter profit, fueled by higher premiums and investment income, further announcing a $3 billion share buyback. Increased risk from cyber attacks and global events has sustained insurance spending, leading to higher premium prices. The insurer will also reinsure $10 billion in U.S. retail variable annuity reserves.
The dollar stabilized despite weak U.S. data, buoyed by hopes of easing trade tensions, particularly with China. Investors are closely watching upcoming U.S. jobs data and the Bank of Japan{sin-quite}s meeting, as these events could influence currency valuations. The Australian dollar saw a slight increase due to inflation data, while the New Zealand dollar remained stable.
The Dow and S&P 500 ended higher after recovering from earlier losses. This happened after economic data revealed a contraction in the first quarter. The GDP fell short of expectations. Consumer spending increased in March. Tech stocks like Meta and Microsoft saw gains after positive earnings reports. However, Super Micro and Snap experienced declines.
Gold prices experienced a slight dip due to a stronger dollar, as investors are keenly awaiting further developments in U.S. trade policies and the upcoming U.S. non-farm payrolls report. The market anticipates the jobs report for insights into the Federal Reserve{sin-quite}s monetary policy direction, amidst ongoing trade negotiations and recent economic contractions.
HDFC Bank{sin-quite}s market capitalisation has surpassed Goldman Sachs, reaching $183.32 billion amid post-merger recovery. Strong quarterly results, improved deposit mobilisation, and stabilising net interest margins have fueled the bank{sin-quite}s stock rally. Analysts predict continued growth, with potential value unlocking from HDB Financial Services{sin-quite} listing, highlighting HDFC Bank{sin-quite}s increasing global prominence.
PNB Housing Finance shares surged 10% after the company reported a 25% YoY jump in Q4 net profit to Rs 550 crore, driven by strong business growth and improved asset quality. Full-year profit rose 28%. Net interest margin improved, AUM grew 13%, and gross NPAs declined. HDFC Securities maintained an ‘Add’ rating with a target price of Rs 1,025.
After a tepid start to 2025, the Indian IPO market is showing tentative signs of revival, buoyed by recovering secondary markets. A Rs 2 lakh crore pipeline awaits, with Ather Energy{sin-quite}s IPO serving as an early test. Analysts are cautiously optimistic, anticipating increased activity in the second half of the year if stability persists and companies adopt realistic pricing strategies.
Kolkata-based UCO Bank reported a 23.7% year-on-year increase in consolidated net profit to Rs 665.72 crore for the March quarter, up from Rs 537.86 crore a year ago. Total income rose to Rs 8,136 crore from Rs 6,984 crore in the same period.
The Indian rupee, on Tuesday, briefly hit its highest level this year on the back of likely equity inflows and a U.S. dollar that continues to struggle.
ICICI Securities maintains a Reduce call on Tech Mahindra, setting a target price of Rs 1250 against the current market price of Rs 1440.9. While turnaround efforts show promise with BFSI growth and strong deal TCV, macroeconomic headwinds and industry-specific challenges in communication and manufacturing sectors may slow progress. The brokerage tweaked estimates, valuing Tech-M at 18x on future EPS.
Global funds are flowing back into Indian stocks, fueling the market{sin-quite}s impressive rally this month. Optimism surrounding India{sin-quite}s domestically-driven economy, which is expected to weather the global trade war effectively, is attracting foreign investors. This resurgence follows a period of net selling and has contributed to a significant boost in the Indian market{sin-quite}s value.
On April 28, eight stocks from the Nifty200 pack triggered a bullish "White Marubozu" signal, according to stockedge.com{sin-quite}s technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis, occurring when the opening price is the lowest and the closing price is the highest for a given period.
BSE and NSE gained sharply, supported by easing trade tensions between the U.S. and its trading partners, along with sustained foreign inflows that bolstered investor sentiment.
Aurobindo Pharma reported a fire at its Penicillin-G facility in Kakinada SEZ, damaging ancillary equipment but sparing core infrastructure. Operations will pause for 20–25 days for repairs. The company expects no material financial impact. Analysts maintain a {sin-quite}Buy{sin-quite} rating with an average target price of Rs 1,471, implying an 18% upside, supported by bullish technical indicators.
Axis Securities maintains a Buy call on Dalmia Bharat with a target price of Rs 2,260, citing improved margins driven by lower costs in Q4FY25. The brokerage anticipates strong growth, projecting Volume/Revenue/EBITDA/PAT CAGRs of 8%/6%/11%/17% over FY24-FY27E, fueled by capacity expansion and market share gains. The cement sector{sin-quite}s consolidation and attractive valuations further support the positive outlook.
After a period of underperformance, Reliance Industries Ltd. (RIL) is poised for a re-rating in FY26, driven by strong Q4 results and a shift towards digital and consumer-focused ventures. Analysts predict significant upside, fueled by telecom tariff hikes, green energy initiatives, and a retail revival. Potential value unlocking through Jio Platforms could further boost RIL{sin-quite}s stock.
Bharat Forge shares may be in focus after U.S. officials said the Trump administration would ease proposed automotive tariffs to protect domestic manufacturing and avoid compounded costs. The move follows industry warnings about supply chain disruptions. Meanwhile, analysts maintain a {sin-quite}Hold{sin-quite} rating on Bharat Forge with an average target price of Rs 1,202, implying an 8% upside.
TVS Motor Company{sin-quite}s shares declined 3% following Q4 results that, despite a 76% YoY jump in standalone net profit to Rs 852 crore and a 17% rise in revenue to Rs 9,550 crore, disappointed investors. While the company reported its highest-ever operating EBITDA, concerns linger regarding investments in subsidiaries and challenges adapting to Euro 5+ norms for Norton bikes.
Paytm share price: Paytm’s subsidiary, First Games Technology, has received a Rs 5,712 crore Show Cause Notice from the GST authorities, demanding 28% GST on total entry amounts for January 2018–March 2023. Paytm clarified that the notice will have minimal financial impact and plans to challenge the demand in court. First Games will seek interim relief against retrospective GST application.
ICICI Securities has reiterated its {sin-quite}Hold{sin-quite} rating for Nestle India, adjusting the target price to Rs 2,350. The brokerage projects a revenue CAGR of 11% and PAT CAGR of 17% over FY25-26E. While demand recovery poses an upside risk, rising raw material costs present a downside risk to the company{sin-quite}s performance.
Canara HSBC Life Insurance Company has filed for an IPO, with existing shareholders Canara Bank, HSBC Insurance, and Punjab National Bank planning to sell their stakes. The company, managing over 400 billion rupees in assets, reported a profit increase in fiscal year 2024, despite a slight revenue dip.
With a balanced strategy that emphasizes 60% equity, 20% debt, and a global diversification angle, Tandon outlines the ideal framework for managing risk while capitalizing on growth opportunities.
IndusInd Bank shares: In his resignation letter to the Board of Directors, Khurana referred to recent events affecting the bank’s profit and loss account, stemming from the misaccounting of internal derivative trades managed under his supervision in the Treasury Front Office.
JM Financial suggests buying Hindustan Unilever shares. The target price is now Rs 2,555. The previous target was Rs 2,485. The analyst expects the price to reach this level in a year. Hindustan Unilever reported a consolidated total income of Rs 15,979 crore for the quarter ended March 31, 2025. Management anticipates volume-led growth and stable EBITDA margins.
Gensol Engineering shares: The agency also issued directives under the Foreign Exchange Management Act (FEMA) and the Income Tax Act, 1961, to Axis Bank, HDFC Bank, and ICICI Bank. However, the specific contents of these orders have not been made public.
The EU is lagging behind in the global race to produce microchips, and looks set to fall well short of its target to claim a fifth of the world{sin-quite}s market, the bloc{sin-quite}s auditors said Monday. "The EU urgently needs a reality check in its strategy for the microchips sector," said Annemie Turtelboom, a member of the European Court of Auditors.
In the Nifty200 pack, 10 stocks{sin-quite} close prices crossed above their 200 DMA (Daily Moving Averages) on April 28, according to stockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Dinshaw Irani of Helios Mutual Fund is cautiously optimistic, favoring established investments amid market volatility. He anticipates a potential boost in the December quarter if the US eases tariff tensions. Irani is bullish on the power sector despite limited appealing investment options, and sees the banking sector, fueled by FII inflows and increased liquidity, as a key market driver.
Tata Tech Share Price: Tata Technologies shares experienced a 6% drop following reports that TPG Rise Climate SF Pte. Ltd. sold a 3.95% stake in a bulk deal. The transaction involved approximately 1.6 crore shares at Rs 683 apiece, a discount from the market price. Despite a rise in Q4FY25 profit, analysts recommend a {sin-quite}Sell{sin-quite} with an average target price indicating a potential downside.
InCred Financial Services, an Indian lending firm, is preparing for an initial public offering. The company aims to raise approximately 40 billion rupees. Discussions are underway with advisers like IIFL Securities and Kotak Mahindra Bank. The IPO could happen by October in Mumbai. The firm is seeking a valuation of at least 150 billion rupees. KKR & Co.
The May series witnessed notable movements in several stocks as traders positioned themselves based on earnings expectations and broader market trends. Some stocks saw heavy rollovers, indicating strong trader interest in carrying forward their positions, while others experienced unwinding or new formations in open interest.
The bond issue, maturing on June 2, 2035, carries a base size of Rs 600 crore and a greenshoe option of Rs 2,900 crore.
Warren Buffett’s legendary success isn’t built solely on financial knowledge- it rests heavily on emotional mastery. Over the decades, Buffett has consistently shown that the ability to manage emotions smartly can be even more important than market expertise when it comes to building lasting wealth.
IDFC First Bank{sin-quite}s MD & CEO, V Vaidyanathan, anticipates improved performance in FY26, driven by peaking microfinance provisions and reduced operating expenses. The bank expects a gradual ROA improvement, particularly in Q3 and Q4, with PAT increasing as the microfinance challenges subside. Strong CASA, deposit, and loan growth, excluding microfinance, further support this positive outlook.
The portfolio allocation has moved towards more of domestic consumption including banks. Banks are beneficiary of domestic economy doing well. So, banks is also one of them. We are also positive on pharma, not necessarily generic US exporter but more towards crams and domestic pharma, so that is a pocket we are very positive upon.
The fourth quarter earnings season is gaining traction, with 41 companies, including Bajaj Finance and Bajaj Finserv, set to announce their results on Tuesday. Bajaj Finance is expected to report strong performance driven by loan growth across various segments.
Kenrik Industries is set to launch its IPO on April 29, aiming to raise Rs 8.75 crore through a fresh equity sale to support working capital and growth plans. The company, specializing in traditional Indian jewellery, reported revenue of Rs 70.97 crore in FY24. The IPO offers shares at Rs 25 each, with reservations for retail and other investors.
President Trump is set to host an "Investing in America" event at the White House, showcasing U.S. investments across various sectors like defense, tech, and healthcare. CEOs from Nvidia, Johnson & Johnson, Hyundai, Toyota, and SoftBank are expected to attend.
The U.S. Treasury is likely to maintain current auction sizes for the fifth consecutive quarter, but investors are keenly awaiting clues about future increases or potential near-term cuts. The focus is on any forward guidance changes that could impact markets. Treasury{sin-quite}s borrowing estimate for the second quarter is significantly higher than previously projected, influenced by debt ceiling restrictions.
Crude oil prices experienced a decline in early Asian trading due to investor concerns about demand growth amid the ongoing U.S.-China trade war. Economists fear a potential global recession driven by tariffs, leading to lowered oil demand and price forecasts. Increased output from OPEC+ nations and rising U.S. crude oil stockpiles further contribute to the downward pressure on prices.
There’s a 47% chance that Google could be broken up this year. At least, that’s what Kalshi, a US based prediction market, is betting on. And unless you’ve been living under a rock, you probably know that Google’s been at the centre of quite a few antitrust storms lately. Last August, a US federal judge ruled that Google had abused its dominance in the search business by pressuring companies including Samsung, Motorola and Apple into keeping Google as the default search engine on their browsers and devices. The court said this was not just clever business, but illegal.
The dollar struggled to recover losses amid conflicting signals on Sino-U.S. trade talks, with the U.S. placing the onus on China. Investors, rattled by the uncertainty, sought refuge in the yen and Swiss franc. Despite softened stances from both sides, a near-term deal seems unlikely.
Gold prices experienced a decline on Tuesday as easing trade tensions between the U.S. and its trading partners diminished the metal{sin-quite}s safe-haven appeal. Investors are closely monitoring upcoming U.S. economic data releases, including job openings, personal consumption expenditures, and non-farm payrolls, to assess the Federal Reserve{sin-quite}s policy direction amidst global recession concerns.
The S&P 500 ended a volatile trading day with minimal change. Megacaps like Nvidia and Amazon weighed on the index. Investors are awaiting key economic data and earnings reports from major companies. Trade war concerns and tariff impacts are also under scrutiny. The Dow Jones Industrial Average saw a slight increase. Boeing{sin-quite}s stock boost helped the Dow.
Paras Defence and Space Technologies surged 7.8% after announcing a board meeting on April 30 to consider its first-ever stock split and dividend declaration alongside Q4 results. No further details were disclosed. The stock has rallied over 50% in the past year, with strong gains across six months, three months, and one month periods.
Amid India-Pakistan tensions, the spotlight is on defence stocks, though market enthusiasm remains muted. Analysts suggest companies with strong financials and alignment with national defence objectives stand to benefit. While some stocks like Bharat Dynamics and Mazagon Dock Shipbuilders have performed well, valuations appear high, advising caution for new investors and suggesting a wait for better entry points.
The Indian Rupee saw a rise of 12 paise against the US dollar, reaching 85.29 in early trading. This boost is due to India{sin-quite}s strong financial base, including growing forex reserves and healthy investments. Geopolitical tensions could pose challenges. Forex reserves increased to USD 686.145 billion. The BSE Sensex climbed by 426.00 points and Nifty rose by 144.55 points.
In the current situation, we have Trump going into the room by himself and coming out every now and then and telling us that things will be okay. So, we have to kind of conclude that it is in both countries interests to come up with some accommodation and so it will be incremental but clearly, there will be some pain in the trade relationship between the United States and China.
Indian IT stocks have seen a significant comeback, adding Rs 2.32 lakh crore in market value. The Nifty IT index has increased substantially. This surge occurs despite ongoing uncertainties in demand. Analysts suggest caution, viewing the rebound as technical rather than fundamentally driven. Attractive valuations and long-term opportunities exist. Focus is on monitoring global markets and demand for sustained momentum.
Vodafone Idea shares: According to NSE bulk deal data, Nokia Solutions and Networks India sold 102.7 crore shares in Vi at Rs 7.65 each. Goldman Sachs was identified as one of the key buyers, though details of the other participants were not immediately disclosed.
JM Financial suggests buying Havells India shares. The target price is Rs 1,900. Havells India reported strong financial results for the quarter ended March 31, 2025. Total income increased significantly. Net profit after tax also rose. The brokerage firm anticipates growth driven by Lloyd and the Wires and Cables segment. Promoters hold a substantial stake in the company.
In the NSE large cap pack, five stocks{sin-quite} close prices crossed below their 200 DMA (Daily Moving Averages) on April 25, according to stockedge.com{sin-quite}s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock{sin-quite}s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
Maruti Suzuki shares: The country{sin-quite}s largest passenger carmaker reported a total revenue of Rs 40,920 crore for Q4FY25, reflecting a 6.4% increase from Rs 38,471 crore in the same period last year. Revenue from product sales amounted to Rs 38,842 crore, while other operating revenues contributed Rs 2,078 crore.
In the NSE list of stocks with a market cap over Rs 1000 crore, four stocks close prices crossed above their 200 DMA (Daily Moving Averages) on April 25, according to stockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
IDFC First Bank{sin-quite}s shares are under scrutiny following a 58% YoY drop in Q4 net profit, attributed to a decline in its microfinance loan portfolio. Despite this, NII increased by 9.8% YoY, and customer deposits saw a 25.2% rise. Nuvama maintains a {sin-quite}Hold{sin-quite} rating, anticipating improved RoA in coming years, though the stock{sin-quite}s valuation is considered fair.
BSE is focusing on market expansion. They plan to increase brokers to 800 and data center racks to 500. The exchange also aims to attract 500 Foreign Portfolio Investors. Efforts are underway to distribute trading volumes throughout the week. BSE will promote monthly contracts, especially for the bank index. This move aims to reduce the focus on expiry-day trading.
IndusInd bank announced that it will take necessary steps to hold the personnel responsible for lapses and shift their roles after independent audit confirmed incorrect accounting , according to its exchange filings.
The Mumbai Municipal Corporation has approved a fare hike for Brihanmumbai Electric Supply and Transport buses, in a move that is expected to generate additional revenue of Rs 590 crore annually for the financial capital{sin-quite}s public transportation provider.
Mahindra & Mahindra is set to acquire a 58.96% majority stake in SML Isuzu for Rs 555 crore, purchasing shares from Sumitomo Corporation. This strategic move aims to bolster M&M{sin-quite}s presence in the >3.5T CV segment, targeting a market share increase to 10-12% by FY31 and 20%+ by FY36.
Amid geopolitical tensions and market volatility, Nifty faces resistance while Bank Nifty shows signs of exhaustion after hitting a high. IT stocks, particularly TCS, Coforge, and Intellect, display recovery potential. Analysts suggest caution with longs, favoring large caps and providing trading ideas for CONCOR, TCS, and Bandhan Bank.
Macrotech Developers, known for its {sin-quite}Lodha{sin-quite} brand, plans to invest over Rs 8,000 crore this fiscal year to acquire land in MMR, Pune, and Bengaluru for new housing projects. This expansion strategy aims to generate Rs 25,000 crore in revenue.
RBL Bank{sin-quite}s guidance indicates that book mix will continue to shift away from unsecured, said JPMorgan.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Here are all the top calls from analysts you need to see on Monday.
Iware Supplychain Services will launch its IPO on April 28, 2025. The IPO aims to raise ₹27.13 crore. The price band is set at Rs 95 per share. The company plans to use the funds for expansion and working capital. Iware offers integrated logistics solutions across multiple states. The firm reported a revenue of Rs 86.
This comes shortly after Altman announced a significant update to GPT-4o on April 26, aimed at enhancing both its intelligence and personality.
The fourth quarter earnings season is gaining traction, with numerous companies set to announce their results on Monday. Ultratech Cement is anticipated to reveal a strong operational performance, driven by volume growth and stable margins. Revenue is projected to increase by 12% year-on-year, while profit is expected to rise by 8%.
A story that explores how keeping the Indus Waters Treaty in abeyance could impact the economies of both India and Pakistan.
IPO GMP: Ather Energy launched its IPO today. The company plans to raise Rs 2,981 crore. The IPO includes fresh equity shares and an offer for sale. Funds will support expansion and R&D. Analysts recommend subscribing, citing Ather{sin-quite}s strong position in the electric two-wheeler market. The company anticipates industry growth and aims to expand its product range.
Hong Kong{sin-quite}s equity markets remain active despite global trade tensions. Two companies are set to launch stock listings. They aim to raise a combined $270 million. Hainan Drinda New Energy Technology seeks up to $234 million. Auntea Jenny, a tea drinks company, plans to raise up to $35 million. These deals proceed even as the Hang Seng Index experiences fluctuations.
Toyota Industries shares are likely to increase. This follows Toyota{sin-quite}s announcement of exploring investment in a potential buyout. The key parts supplier may see a significant change. Toyota Chairman Akio Toyoda and his family proposed acquiring Toyota Industries. The deal is estimated at 6 trillion yen. Toyota Industries confirmed receiving proposals about going private.
Oil prices saw a slight increase in early trading. However, trade talk uncertainties between the U.S. and China continue to weigh on the market. The prospect of OPEC+ potentially increasing supply adds to the gloom. Conflicting signals from Donald Trump and Beijing regarding trade progress are also impacting the market.
The dollar began the week steadily as investors await key U.S. economic data, including jobs figures and GDP, to assess the impact of trade tensions. Despite a recent bounce, the dollar is on track for its largest monthly fall in years, fueled by concerns over U.S. trade policy.
Oil ticked higher after a volatile week as traders parsed the latest signals in the trade war, prepared for details of how China aims to support its economy, and weighed geopolitical developments in Iran. Brent climbed above $67 a barrel after dipping 1.6% last week, while West Texas Intermediate was near $63. Treasury Secretary Scott Bessent told ABC News that talks were ongoing with US trading partners, and “some of those are moving along very well, especially with the Asian countries.”
India is increasingly finding favour among global investors as capital begins to pivot away from traditional markets like the United States. According to Sunil Singhania, founder of Abakkus Asset Manager, the shifting dynamics of global liquidity, combined with India’s improving macro fundamentals, could usher in a wave of foreign investments over the next few years.In his view,
Rates in New Delhi were hovering around Rs 94,940 per 10 grams, according to the association. The price in Mumbai was marginally higher than New Delhi{sin-quite}s rate at Rs 95,110. In Kolkata, the rate rose to Rs 94,980. While in Bengaluru, the rate was at Rs 95,180. With the price at Rs 95,390, Chennai continued to see the highest rate in the country.
Ace investor Madhusudan Kela added smallcap stocks Windsor Machines, SG Finserve, and Prataap Snacks to his portfolio in Q4FY25, while increasing his stake in pharma firm Kopran. His portfolio now includes 17 stocks valued at over Rs 3,500 crore.
Indian markets reversed early gains on Friday amid rising geopolitical tensions after terror attacks in Kashmir. Broader indices fell sharply, and technical indicators suggest Nifty may enter a consolidation phase. IT outperformed, while banking showed indecision at highs.
Gold has surged 26% YTD in 2025, hitting historic highs amid central bank buying, inflation fears, and geopolitical tension. Experts warn of short-term corrections as momentum slows despite robust long-term fundamentals.
MSME players have demanded a single-window advisory system and phased rollout of quality control orders among other measures for better compliance with the Bureau of Indian Standards, according to a statement.
Indian airlines carried 1.45 crore passengers in March, an increase of 8.79% compared to the year-ago period, according to official data released on Saturday. The Indian carriers had flown a total of 1.33 crore passengers in March 2024.
India’s demographic advantage risks being derailed by inadequate healthcare access. Government schemes like Ayushman Bharat (AB-PMJAY) are bridging the gap, saving ₹1.25 lakh crore in out-of-pocket costs, and now expanding to cover all citizens above 70 years.
Reliance Industries has appointed Anant Ambani as Executive Director, effective May 1, 2025, for a five-year term. This move follows the company{sin-quite}s Q4FY25 results, which showed a 6.4% rise in net profit, driven by growth in its oil-to-chemicals and consumer-facing units.
Ganesh Mohan, MD of Bajaj Finserv AMC, shares how trekking to Everest Base Camp and a lifelong bond with Indian classical music shape his mental resilience, leadership perspective, and work-life balance in a high-pressure corporate environment.
Elon Musk’s XAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, according to people familiar with the matter. If completed, the prospective deal would be the second-largest startup funding round of all time, according to data provider PitchBook, trailing only OpenAI’s $40 billion financing
Memecoins are dominating ecosystems like Solana and Base, driving record volumes and user activity. However, their rise raises cultural, ethical, and liquidity concerns, threatening to overshadow foundational crypto projects and distort broader market behavior and perception.
Since 2018, Warren Buffett has spent $78 billion on Berkshire share buybacks, more than the cost of his top five publicly traded holdings combined. This sustained repurchase spree reflects Buffett’s deep confidence in Berkshire, even as he paused buying in late 2024 due to valuation concerns.
India{sin-quite}s BFSI sector has experienced remarkable growth, driven by digitalization and regulatory reforms, significantly increasing its market capitalization and prominence in equity markets. While banks remain central, NBFCs and fintechs are gaining ground. Retail credit penetration and digital payments have surged, transforming transaction habits and asset quality has improved, making BFSI a compelling investment.
Gensol Engineering’s sharp 90% fall highlights the perils of ignoring red flags. Despite rising retail and FII interest, regulatory action against its promoters, weak cash flows, and high debt signalled trouble. Investors must monitor financial health and governance closely to avoid such traps. In small-cap investing, protecting capital is as important as chasing returns.
Gensol Engineering’s sharp 90% fall highlights the perils of ignoring red flags. Despite rising retail and FII interest, regulatory action against its promoters, weak cash flows, and high debt signalled trouble. Investors must monitor financial health and governance closely to avoid such traps. In small-cap investing, protecting capital is as important as chasing returns.
Oil prices saw a slight increase on Friday, but overall, they decreased for the week. This happened because people think there{sin-quite}s too much oil available and because of uncertainty about trade talks between America and China. China has reduced tariffs on some American goods. Russia and America discussed the Ukraine war. The number of oil rigs increased.
The dollar is poised for its first weekly gain since mid-March following China{sin-quite}s tariff exemptions on some U.S. imports, fueling hopes for easing trade tensions. Despite conflicting signals this week, signs point towards de-escalation rather than further escalation, although uncertainty persists. While safe havens droop, analysts caution against premature celebrations of a full dollar recovery, citing ongoing concerns about U.S.
The dollar is poised for its first weekly gain since mid-March following China{sin-quite}s tariff exemptions on some U.S. imports, fueling hopes for easing trade tensions. Despite conflicting signals this week, signs point towards de-escalation rather than further escalation, although uncertainty persists. While safe havens droop, analysts caution against premature celebrations of a full dollar recovery, citing ongoing concerns about U.S.
Gold prices experienced a decline. This drop occurred because of a stronger dollar. Reports suggest easing trade tensions between the United States and China. Beijing{sin-quite}s move to exempt some U.S. goods from tariffs impacted bullion. Silver saw a slight decrease. Platinum and palladium also faced dips. Market analysts are closely watching these trends.
Banking and financial services have outperformed in 2025, with Bank Nifty and Nifty Financial Services gaining over 8% and 12%. Strong fundamentals, supportive RBI policy, improving asset quality, and attractive valuations are driving renewed investor interest and sustained sectoral momentum.
Elecon Engineering Co., a leading manufacturer of industrial gears and material handling equipment, is targeting a top-line growth of 20% in fiscal 2026, according to its its Chairman and Managing Director Prayasvin B Patel. The company is expecting margins of 24% on the back of a strong order book.
Laurus Labs Ltd. projected healthy Ebitda margins in FY26 on the back of strong demand in the CDMO segment and asset leverage.
Odisha, the mineral rich eastern State has targeted to more than triple steel production capacity to 130 MT from current 41 MT by all the companies operating in the State by 2030.
The US stock market is set for a crucial week. Corporate results from Apple and Microsoft are awaited. Global trade developments could bring volatility. US employment report and economic growth data are also due. Investors are assessing if the recent market strength will continue. Tariff uncertainties and their impact on company profits are key concerns.
Friday post market hours, Tata Technologies posted its fourth quarter results. The service segment revenue was at Rs 1,024 crore versus Rs 1,012 crore in the previous quarter. The technology solutions segment revenue was at Rs 261 crore while the LTM attrition came in at 13.2% for this quarter.
Friday post market hours, Tata Technologies posted its fourth quarter results. The service segment revenue was at Rs 1,024 crore versus Rs 1,012 crore in the previous quarter. The technology solutions segment revenue was at Rs 261 crore while the LTM attrition came in at 13.2% for this quarter.
Wall Street saw gains on Friday, driven by tech stocks. Investors are watching for signs of easing US-China trade tensions. Alphabet{sin-quite}s strong earnings boosted the market. Trade war uncertainty continues to influence corporate outlooks. Trump claims trade talks are underway, but China denies it. The dollar rose slightly, while gold prices fell.
Maruti Suzuki{sin-quite}s Q4 profit dipped by 4.3%, missing estimates, despite higher revenue. Expenses increased during the quarter. However, the company achieved a record annual profit. Maruti Suzuki sold a record number of vehicles this quarter. Domestic sales saw modest growth, while exports rose. The company anticipates export growth to drive future performance.
Hindustan Zinc{sin-quite}s Q4 profit surged 47% to ₹3,003 crore, driven by higher zinc prices, lower input costs, and increased by-product sales. FY25 saw a 33% profit increase to ₹10,353 crore, with revenue up 18% to ₹34,083 crore. The company anticipates mined metal production of 1.12 million tonnes in FY26 and will invest $200-250 million in growth capex.
Jio Platforms reported a 26% increase in fiscal fourth-quarter net profit, driven by tariff hikes and a growing subscriber base. The company{sin-quite}s ARPU saw a slight rise, though it still lags behind Bharti Airtel. Jio gained 6.1 million users, expanding its total base to 488.2 million, with overall revenue and profit for fiscal year 2025 also showing significant growth.
India{sin-quite}s foreign exchange reserves have surged for the seventh consecutive week, reaching $686 billion as of April 18, marking a six-month high. The increase of $8.3 billion during the week was driven by appreciation in non-dollar assets, rising gold prices, and increased foreign investor inflows into the equity market.
A new 10-year government bond is likely to be introduced on May 2. The existing benchmark paper has a residual maturity of 9.5 years. Heightened tensions between India and Pakistan may increase government borrowing costs. The 10-year paper is actively traded and serves as a reference rate for corporate bonds.
IREDA has accused Gensol Engineering{sin-quite}s promoters of violating their agreement. The violation involves diluting shareholding without IREDA{sin-quite}s consent. IREDA has lodged a complaint with the Economic Offences Wing. This action follows an internal review prompted by recent developments at Gensol. IREDA{sin-quite}s committees are reviewing the matter. They will decide on actions regarding collaterals and recoveries.
IREDA has accused Gensol Engineering{sin-quite}s promoters of violating their agreement. The violation involves diluting shareholding without IREDA{sin-quite}s consent. IREDA has lodged a complaint with the Economic Offences Wing. This action follows an internal review prompted by recent developments at Gensol. IREDA{sin-quite}s committees are reviewing the matter. They will decide on actions regarding collaterals and recoveries.
India runs on two wheels. Be it a humble bicycle, a scooter weaving through traffic or even the animal cart in rural lanes — two-wheelers are everywhere. And honestly, it makes sense. They’re cheaper than cars, easier to maintain and most importantly, they’re perfect for Indian roads. You can zip through narrow lanes, park in a pinch and get to your destination quicker than the guy in a SUV stuck at a signal.
Reliance Industries reported a 6.4% increase in its March-quarter net profit, driven by strong performances in its oil-to-chemicals and consumer-facing businesses. Jio Platforms saw a 25.7% rise in net profit, fueled by tariff hikes and subscriber growth. RIL{sin-quite}s board has approved raising ₹25,000 crore through NCDs and acquiring Kandla GHA Transmission Ltd.
Reliance Jio is poised to announce strong Q4FY25 results, with brokerages projecting a 19-25% YoY net profit increase, potentially reaching ₹6,677 crore. Revenue is expected to grow by 15-17% YoY, driven by subscriber additions and ARPU growth. While estimates vary among firms like Axis Securities, ICICI Securities, Morgan Stanley, and Nomura, all anticipate positive performance.
Unilever exceeded expectations with a 3% increase in underlying sales growth for the first quarter, surpassing analysts{sin-quite} predictions of a 2.8% rise. The company, known for brands like Dove and Ben & Jerry{sin-quite}s, reaffirmed its full-year 2025 outlook, expressing confidence despite global economic uncertainties.
ICICI Securities is optimistic about IDFC First Bank. They maintain a Buy call. The target price is revised to Rs 75. A large capital infusion is expected to boost loan growth. This infusion will also improve operating leverage. Warburg and ADIA{sin-quite}s investment should strengthen the bank{sin-quite}s CET1. The bank{sin-quite}s fixed-rate loans position it well for Net Interest Margin.
ICICI Securities is optimistic about IDFC First Bank. They maintain a Buy call. The target price is revised to Rs 75. A large capital infusion is expected to boost loan growth. This infusion will also improve operating leverage. Warburg and ADIA{sin-quite}s investment should strengthen the bank{sin-quite}s CET1. The bank{sin-quite}s fixed-rate loans position it well for Net Interest Margin.
Indian benchmark equity indices began Thursday on a weak note, pulled down by Reliance Industries and banking stocks. Foreign inflows and hopes of easing US-China trade tensions offered some support. Eternal shares fell sharply after its food delivery CEO resigned. U.S. Treasury Secretary hinted at de-escalating trade war between the United States and China, potentially easing recession fears.
Indian market is expected to consolidate, mirroring mixed global cues. Nifty futures closed positively, while India VIX saw a rise. Option data suggests a trading range between 23,800 and 24,700. Analysts recommend holding above 24,250 for an upward move. Experts suggest buying IRFC, Torrent Pharma, CDSL, Bharat Forge, and Delhivery, with specific targets and stop losses for short-term trading.
Indian market is expected to consolidate, mirroring mixed global cues. Nifty futures closed positively, while India VIX saw a rise. Option data suggests a trading range between 23,800 and 24,700. Analysts recommend holding above 24,250 for an upward move. Experts suggest buying IRFC, Torrent Pharma, CDSL, Bharat Forge, and Delhivery, with specific targets and stop losses for short-term trading.
Adani Green Energy is in focus after its subsidiary signed a PPA with Uttar Pradesh Power Corporation to supply 1,250 MW of pumped hydro storage capacity. This adds to its recent clean energy wins, including a 400 MW solar deal. In FY25, energy sales rose 28%, and capacity hit 14.2 GW, despite the stock declining over the year.
Krishnan Ramachandran{sin-quite}s reappointment as CEO and MD of Niva Bupa Health Insurance has been approved by the IRDAI for a five-year term, starting May 1, 2025. With over two decades of experience in health insurance and healthcare, Ramachandran previously held leadership roles at Deloitte Consulting L.P., Arthur Andersen and Apollo DKV Insurance.
Krishnan Ramachandran{sin-quite}s reappointment as CEO and MD of Niva Bupa Health Insurance has been approved by the IRDAI for a five-year term, starting May 1, 2025. With over two decades of experience in health insurance and healthcare, Ramachandran previously held leadership roles at Deloitte Consulting L.P., Arthur Andersen and Apollo DKV Insurance.
Vedanta Ltd is in focus as parent Vedanta Resources considers a U.S. IPO for its Zambian unit, Konkola Copper Mines, aiming to raise $1 billion for expansion. With copper output recovery underway post-legal battles and plans to boost annual production, the move aligns with the group’s global restructuring and strategic financing plans.
LTIMindtree Q4 results: In constant currency terms, revenue grew 6% year-on-year in Q4, matching the 6% increase in dollar revenue. However, operating metrics saw a slight dip—EBIT margins narrowed to 13.8% from 14.7% a year earlier, while gross margins slipped to 27.9% from 29.8%.
The current tariff war is making it difficult to gauge the direction of the dollar. Returns of NRI’s who have been investing in US Stock Markets and Real Estate markets in USA will be affected due to slowdown in US Growth due to tariffs.
Our portfolios were positioned in favour of debt/arbitrage or gold since the last few months as the market downturn commenced. But since a few days markets have started showing short-term strength, hence we have increased our equity exposure. The pro-active nature of our funds and various hedging tools enable us to tweak our portfolios very efficiently on a daily basis.
The company’s board has recommended a dividend of Rs 8.25 per equity share for FY 2024-25. If approved at the upcoming 62nd Annual General Meeting, the dividend will be paid on or after June 21, 2025.
ICICI Securities has upgraded Mahindra Logistics to {sin-quite}ADD{sin-quite} with a revised target price of Rs 350, down from Rs 360. The upgrade is driven by improved EBITDA performance, particularly with reduced losses at Rivigo and better contract logistics earnings. However, achieving break-even for Rivigo by Q2FY26 may be challenging due to industry pressures and competition.
Bajaj Housing Finance experienced a significant surge, with shares climbing 4% following a robust Q4 performance. Net profit soared 54% YoY to Rs 587 crore, fueled by strong business growth and asset quality. While the stock has seen gains recently, analysts suggest a potential downside, with a consensus {sin-quite}Sell{sin-quite} recommendation.
In the NSE large cap pack, six stocks{sin-quite} close prices crossed above their 200 DMA (Daily Moving Averages) on April 23, according tostockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
In the NSE large cap pack, six stocks{sin-quite} close prices crossed above their 200 DMA (Daily Moving Averages) on April 23, according tostockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
GreenEdge Wealth{sin-quite}s Digant Haria suggests large IT stocks may outperform large banks in the next year, citing comfortable valuations and gradual AI changes. He favors second-tier BFSI stocks like Equitas and Ujjivan, anticipating a turnaround from easing regulations. Haria also highlights domestic consumption, including building materials and consumer durables, as a promising sector.
Bajaj Finance{sin-quite}s board will consider a special interim dividend, stock split, and bonus share issue in an April 29, 2025 meeting, aiming to enhance shareholder value. Brokerages like CLSA and Elara Capital have a bullish outlook, with target prices of Rs 11,000 and Rs 11,161 respectively, citing strong growth prospects. The stock closed at Rs 9,326.
UBS has upgraded India to ‘neutral’ from ‘underweight’, reflecting growing optimism around a domestic demand recovery and stable macro conditions. The shift marks a more constructive stance on Indian equities, supported by improving consumption trends, lower inflation risks, and manageable valuations.
Brokerages have rolled out fresh recommendations on a diverse set of stocks across sectors, highlighting opportunities for investors amid ongoing market dynamics for the next 12 months.
Dalmia Bharat Ltd. announced a strategic investment of Rs 3,520 crore to set up clinker and grinding units in the state of Karnataka and Maharashtra, along with its fourth quarter earnings. The rational behind this investment is to cater to the underserved Southern Maharashtra market, as well as the untapped Western Maharashtra markets.
Rakshit Ranjan of Marcellus Investment Managers is strategically allocating capital to companies with resilient business models, such as a hospital chain and a pharma company. They are focusing on companies with low uncertainty and are relatively insulated from broader economic factors. Valuations of some portfolio companies are 25% to 30% lower than their six-year average.
Rakshit Ranjan of Marcellus Investment Managers is strategically allocating capital to companies with resilient business models, such as a hospital chain and a pharma company. They are focusing on companies with low uncertainty and are relatively insulated from broader economic factors. Valuations of some portfolio companies are 25% to 30% lower than their six-year average.
India’s leading passenger vehicle manufacturers witnessed a decline in their market shares in FY25, hitting multi-year lows amid rising competition from emerging players. According to industry data compiled by ET Bureau, the overall passenger vehicle market has undergone significant shifts over the past five fiscal years.
India’s two-wheeler industry has seen notable changes in market dynamics over the last five years. As the sector crossed significant sales volumes, key players adjusted to evolving competition, changing demand patterns, and shifts in product preference.
Jefferies has downgraded Waaree Energies Ltd. from {sin-quite}hold{sin-quite} to {sin-quite}underperform{sin-quite}, despite a strong fourth quarter performance and positive financial year 2026 guidance. The downgrade follows a sharp 25% rally in the stock over the past month.
IT major LTIMindtree Ltd.{sin-quite}s relatively high exposure to the US, as well as its discretionary exposure, may spell trouble for the company in the medium-term horizon, suggested a recent note by brokerage firm Goldman Sachs.
Cantor Fitzgerald, Tether, and SoftBank are launching a $3.6 billion crypto venture, Twenty One Capital, to acquire bitcoin, anticipating increased interest under President Trump. Tether and Bitfinex will hold majority ownership, while SoftBank will have a minority stake. Twenty One aims to replicate Strategy{sin-quite}s success and will trade on the Nasdaq under the symbol "XXI".
Donald Trump{sin-quite}s meme coin, $TRUMP, surged after an announcement promising top holders a dinner with the former president. This event, coupled with Trump{sin-quite}s crypto ventures and promises to be a "crypto president," raises conflict of interest concerns. Ethics watchdogs criticize the initiative as potential "grifting.
OpenAI’s ChatGPT may soon let users buy products directly as Shopify is working on integrating directly into the chatbot. Instead of linking to external sites, ChatGPT would show prices, reviews and a {sin-quite}Buy Now{sin-quite} button within the chat, if implemented.
Swiggy Ltd. just received its first ‘sell’ rating since listing in early November 2024, as analysts flagged that it has lost its early lead in both food delivery and quick commerce, slipping to second and third place in each.
Swiggy Ltd. just received its first ‘sell’ rating since listing in early November 2024, as analysts flagged that it has lost its early lead in both food delivery and quick commerce, slipping to second and third place in each.
Donald Trump said on Tuesday (April 22, 2025) he had no intention of firing the chair of the U.S. Federal Reserve and signalled a “substantial” lowering of tariffs on China — moves that brought relief to global markets spooked by his aggressive policies.
U.S. Treasury Secretary Scott Bessent stated that the ongoing tariffs between the United States and China are unsustainable. He expressed confidence that a de-escalation in the trade war between the world’s two largest economies is likely. However, Bessent also noted that formal negotiations between the U.S. and China have not yet begun, indicating that despite elevated tensions, a resolution remains distant. (Source: AP)
Elara Capital{sin-quite}s Garima Kapoor believes India{sin-quite}s 6.2% growth forecast by the IMF is realistic, though RBI and the Ministry of Finance may need to revise their estimates downwards. Trade uncertainties persist, but pro-growth policies and favorable cyclical tailwinds support the Indian economy.
A long buildup occurs when both open interest (OI) and trading volumes rise alongside an increase in the underlying stock price, signaling a bullish trend in the Futures and Options segment. In Wednesday{sin-quite}s trading session, five stocks witnessed fresh long positions. Here{sin-quite}s the list:
HCL Technologies witnessed a share price increase following its Q4FY25 results. The IT major reported a rise in net profit and revenue. The company anticipates revenue growth for FY26. Analysts have mixed opinions on HCL Tech stock. Nuvama upgraded the stock, while InCred downgraded it. The recommendations are based on the company{sin-quite}s performance and future outlook.
Cyient DLM shares: For the quarter ending March 2025, the company reported consolidated revenue of ₹428 crore, reflecting an 18.3% year-on-year increase. EBITDA rose by 50.9% YoY to ₹57.4 crore, with the EBITDA margin expanding by 290 basis points to 13.4%.
The anticipated trading range for the rupee is between 85.00 and 85.50. Exporters may wait to sell, while importers might hedge payables around the 85.00 level, according to Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP.
Elon Musk vowed to pull back “significantly” from his work with the US government to concentrate on Tesla Inc., easing concerns of investors who lamented his time in Washington as a distraction. The chief executive officer will devote “far more of my time to Tesla” beginning next month, saying Tuesday that his stint leading the Department of Government Efficiency will be largely complete.
Elon Musk vowed to pull back “significantly” from his work with the US government to concentrate on Tesla Inc., easing concerns of investors who lamented his time in Washington as a distraction. The chief executive officer will devote “far more of my time to Tesla” beginning next month, saying Tuesday that his stint leading the Department of Government Efficiency will be largely complete.
Tata Communications shares: The board has recommended a final dividend of Rs 25 per share (250% on a face value of Rs 10) for FY25. The dividend will be paid after shareholder approval at the upcoming annual general meeting.
I think on fundamentals alone the broader financial services sector presents attractive opportunities in insurance, wealth management etc. where we are seeing the structural trend in financialization playing out. Our investing style remains sector agnostic though.
Equity markets always come along with their fair share of excitement and volatility. For a long-term investor, these events provide a clear opportunity to add quality stocks to their portfolio and be part of businesses that will show growth when the tide turns over.
Brokerages remain optimistic on select frontline and mid-cap stocks, issuing ‘Buy’ recommendations with notable upside potential for the next 12 months. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
ICICI Securities downgrades Tata Elxsi to {sin-quite}Reduce{sin-quite} with a revised target price of Rs 4250, citing muted Q4FY25 results and structural macroeconomic concerns. Despite new large deals and optimism for Q1FY26, revenue contracted by 5.3% QoQ. The brokerage maintains its estimates, tweaking FY26E EPS slightly, while recommending {sin-quite}Reduce{sin-quite} based on a 30x forward PE.
Frequent issuer Power Finance Corp. is in talks with investors to raise up to Rs 10,000 crore through the issue of zero coupon bonds by May, four merchant bankers told NDTV Profit. The discussions are going on. PFC is planning to issue these bonds either by the end of April or by May. They are also considering coupon bearing bonds as well, a merchant banker involved in the transaction said.
In the Nifty500 pack, six stocks{sin-quite} close prices crossed below their 200 DMA (Daily Moving Averages) on April 22, according to stockedge.com{sin-quite}s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock{sin-quite}s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
Veteran emerging markets investor Mark Mobius has cautioned that market volatility is far from over, citing rising uncertainty around U.S. trade negotiations. In an interview with ET, Mobius said investors should brace themselves as the market is likely to get even shakier. The comments come amid increasing geopolitical tensions, monetary policy debates, and global trade imbalances.
Bajaj Housing Finance is expected to announce strong Q4 results, with Kotak Equities projecting a 61% profit surge to ₹613 crore and a 34% NII increase to ₹844 crore. AUM growth is anticipated to be around 5.6% QoQ, while NIM is expected to remain stable. Ventura suggests a positive uptrend for Bajaj Housing stock, setting a target of ₹170.
ICICI Securities{sin-quite} Vinod Karki suggests India{sin-quite}s growth prospects are improving relative to China and the US, potentially attracting more investment. He highlights value in financials and commodities, driven by growth and pricing improvements. Karki anticipates bilateral trade agreements will prevent a severe global recession, favoring industrial, financial, and discretionary consumption sectors for investors.
Waaree Energies shares surged 8.8% following a robust Q4 performance, with net profit climbing 34.1% YoY to Rs 618.9 crore. Revenue also jumped 36.4% to Rs 4,003.9 crore, driven by increased module production. The company{sin-quite}s board approved capacity expansions to support future growth, despite analysts suggesting a potential downside based on current market prices.
The Q4 earnings season is gaining traction, with LTIMindtree, Bajaj Housing Finance, and Tata Tele Services among 28 companies set to announce results. Bajaj Housing is expected to report strong profit growth, potentially up 61% to ₹613 crore. However, LTIMindtree anticipates flat revenues due to weakness in travel and hi-tech sectors, impacting margins despite cost-cutting efforts.
Indian benchmark indices experienced a sixth consecutive day of gains, fueled by banking and FMCG sectors and foreign investment inflows. Viral Chheda of SSJ Finance and Securities suggests a buy-on-dips strategy for HCL Tech, Nestle, and Bajaj Housing, anticipating significant upside potential over the next 10-12 months, while advising on stop-loss levels to manage risk.
Asian stocks jumped and the dollar rose after President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell while optimism grew that trade tensions may be easing. US equity-index futures soared and a gauge of the dollar’s strength rose for a second day in a broad lift for American assets. Asian shares advanced at the open while gold retreated. Shares of Tesla Inc. rose in after hours as Chief Executive Officer Elon Musk said he will step back “significantly” from the Department of Government Efficiency.
Tankup Engineers{sin-quite} Rs 20 crore SME IPO is set to open on April 23, offering about 13.95 lakh fresh equity shares. With a price band of Rs 133-140 per share, the IPO aims to raise funds for debt repayment, working capital, and general corporate needs. The company manufactures specialized vehicle superstructures for various industries, reporting Rs 12.
Neel Kashkari, President of the Federal Reserve Bank of Minnesota, stated that it{sin-quite}s premature to determine how tariffs will impact interest rates, inflation, and the economy. He acknowledged the uncertainty surrounding trade policy is causing anxiety and hindering economic growth. Kashkari defended the Fed{sin-quite}s independence, emphasizing that policy decisions are driven by economic data, not politics.
President Trump has softened his stance on firing Federal Reserve Chair Jerome Powell, reassuring markets after previous threats rattled investors. While stating he has no intention of firing Powell, Trump still wants the Fed to cut interest rates. This development, along with optimism about a potential trade deal with China that could lower tariffs, boosted investor confidence.
Tesla Inc. said it{sin-quite}s working on entering "hot-market" India, but the prospect of 100% tariff on car imports creates "a lot of anxiety". "I mean, we have been working on getting into India. India is a very hot market," Travis Axelrod, head of investor relations at the American electric carmaker, said during an earnings call on Tuesday. "...but the current tariff structure within India is that any car which we send in is subject to 70% tariff. Also, like a 30% luxury tax on it."
The NSE Nifty 50 and BSE Sensex opened higher for third day in a row as information technology and financial services stocks led gains. The Nifty Bank hit record high for third session.
Yes, I feel the overall scenario should remain strong, still looking a very strong setup and inverted head and shoulder pattern I can see on the weekly line chart of the Nifty which gives a bigger target from here as well.
Robert Kiyosaki forecasts Bitcoin at $1 million by 2035 alongside gold at $30,000 and silver at $3,000, warning of economic collapse. Crypto leaders cite Bitcoin’s deflationary supply, institutional adoption, and ETF growth as drivers, though timing depends on macro factors. Regulatory clarity and DeFi integration will shape its future trajectory.
The Nifty IT index has remained under pressure this year. While it is up over 1% year-to-date, it still lags significantly—down more than 26% from its December 2024 peak. According to Ravi Menon, IT Services Analyst at Macquarie Capital, the outlook for India’s IT sector is challenging but not as bleak as many believe.
European shares fell on Tuesday as heavyweight Novo Nordisk slumped, while U.S. President Donald Trump{sin-quite}s vocal attacks on Federal Reserve Chair Jerome Powell shook investor confidence which is already fragile due to concerns over the trade war.
The rally has drawn attention from notable figures like Uday Kotak and Robert Kiyosaki, while global brokerages including Goldman Sachs, UBS, and Bank of America have sharply raised their gold price forecasts.
India imposed a 200-day safeguard duty of 12% on specific steel products to protect domestic manufacturers from potential dumping, following a recommendation from the DGTR. This move allows domestic mills to potentially increase prices, benefiting companies like JSW Steel, SAIL, and Tata Steel, with JSW Steel being a particularly promising option.
Deven Choksey of DRChoksey FinServ Pvt. Ltd. suggests a positive outlook for banking stocks, driven by falling interest rates and potential public sector bank consolidation. He favors engineering and R&D-focused IT companies like LTTS and Tata Elxsi, citing strong order inflows and profit margin growth.
UBS forecasts a strong rebound in India’s consumer sector by FY26, citing easing input costs, fiscal stimulus, and rural wage growth. It names DMart, Trent, and HUL as top stock picks, while upgrading Colgate, GCPL, and ITC. Asian Paints, Dabur, and Jubilant were downgraded due to growth and margin concerns.
Despite a recent bounce in stock prices, a significant number of companies from the BSE 500 universe continue to trade below their historical valuation multiples. An analysis by the ET Intelligence Group (ETIG) reveals that many stocks are still priced lower than their three-year and five-year average P/E ratios, suggesting broad-based valuation moderation.
Short covering occurs when traders buy back shares they had previously sold short, typically triggered by a shift in market sentiment or the emergence of new information. This activity often results in a decline in open interest and can push stock prices higher. In Tuesday’s trading session, five stocks witnessed signs of short covering.
Gensol Engineering{sin-quite}s stock prices declined sharply. This followed Sebi{sin-quite}s action against Anmol Singh Jaggi and Puneet Singh Jaggi. They are accused of misusing loan funds. Sebi barred them from accessing securities markets. The company{sin-quite}s planned stock split was also put on hold. The Corporate Affairs Ministry will review Sebi{sin-quite}s order. The stock hit lower circuit limits multiple times.
Big Tech companies have faced major challenges during Donald Trump’s second term. CEOs from Apple, Microsoft, Nvidia, Amazon, Tesla, Google, and Facebook are dealing with trade policy disruptions, regulatory pressures, and market instability. Since Trump’s inauguration, the combined market value of these companies has dropped by $4.2 trillion, reflecting growing uncertainty.
The U.S. dollar weakened against the yen and other major currencies due to President Trump{sin-quite}s criticism of the Federal Reserve and concerns over trade negotiations. Trump{sin-quite}s attacks on Fed Chair Powell raised doubts about the central bank{sin-quite}s independence, further eroding investor confidence. Trade anxieties, particularly with China, also contributed to the dollar{sin-quite}s decline.
Rupee traded in a narrow range and depreciated 4 paise to 85.19 against the U.S. dollar in early trade on Tuesday (April 22, 2025), as the support from positive domestic equities was negated by dollar short-covering by investors.
The IPO market has been muted for the last few weeks and understandably so because of uncertainty in equities, which were weighed down by global trade war fears. However, investors can finally get to look at an IPO after nearly three weeks as the public offer of Tankup Engineers will open for subscription on April 23. Here are five things to know about the public offer.
Cao Mingjie, a home designer from Guangdong, had never shown interest in trading stocks. That changed on April 2, when former U.S. President Donald Trump announced "reciprocal tariffs", igniting a deeper phase in the trade war. In response, Cao opened trading accounts and pledged to invest 2,000 yuan every month—not to profit, but to support his nation.
Flipkart’s move to shift domicile to India from Singapore represents the vast potential of the Indian economy and ‘our technology and innovation-driven capabilities to foster digital transformation in India’, says the company.
Shares of Premier Energies and Waaree Energies surged up to 8% after the U.S. imposed anti-dumping duties as high as 3,521% on solar imports from Southeast Asia. The move followed a probe into unfair trade practices. However, analysts caution downside risks for both stocks, with {sin-quite}Hold{sin-quite} ratings and target prices implying 12–13% declines from current levels.
360 ONE WAM will acquire UBS AG{sin-quite}s India wealth business for Rs 307 crore. The deal includes stock broking, portfolio management services, and loan portfolios. UBS will also take a 4.95% stake in 360 ONE. Both firms will collaborate to enhance wealth management services in India and abroad. A joint committee will explore new business opportunities.
The shares of Senco Gold Ltd., Sky Gold Ltd. and Kalyan Jewellers India Ltd. rose on Tuesday as the yellow metal hit a life high amid tensions between US President Donald Trump and Federal Reserve Chair Jerome Powell. While Senco Gold and Sky Gold hit the upper circuit of 5%, Thangamayil Jewellery Ltd. rose 2.67%. Kalyan Jewellers, PN Gadgil Jewellers Ltd. and PC Jeweller Ltd. also rose 1.89%, 1.46% and 0.66%, respectively.
Anurag Singh of Ansid Capital suggests that the US is inflicting self-inflicted wounds with its economic policies, leading to capital leaving America. He believes the market distrusts the president{sin-quite}s actions, causing a standstill in business decision-making. While US markets face challenges, Singh remains optimistic about India and China, favoring sectors like technology, banking, and FMCG for investment.
Indian government bond yields edged up, ending a week-long decline, after the Reserve Bank of India{sin-quite}s liquidity management adjustments dampened demand. The benchmark 10-year bond yield reached 6.3365%. Revised RBI guidelines, requiring banks to maintain a buffer on digital deposits, impacted lender demand for government securities. The rise mirrored gains in US Treasuries amid concerns over Federal Reserve policy.
IndusInd Bank share price fell over 6% after appointing EY for a second forensic audit into a Rs 600 crore discrepancy in its microfinance portfolio. This follows concerns raised by statutory auditors and ongoing probes into forex derivatives. Investor sentiment remains weak amid governance concerns and potential losses nearing Rs 2,000 crore.
Finance Minister Nirmala Sitharaman on Tuesday said India must be prepared to tackle the challenges and seize the opportunities emerging from a changing global order and assured businesses of the government{sin-quite}s ease of doing business reforms.
Indian equity markets have rebounded after defending the March lows of 21,900, supported by easing global concerns like the pause in US tariffs. ICICI Securities expects the Nifty to gradually rise to 25,500 over the next two quarters and remains bullish on domestic-focused sectors such as financials, PSUs, metals, telecom, pharma, and consumption. It also sees value in IT, capital goods, and Infrastructure due to attractive valuations, and has listed top stock picks across these themes.
Solar manufacturer Waaree Energies Ltd.{sin-quite}s shares jumped 6% on Tuesday, ahead of the company{sin-quite}s expected declaration of their financial performance for the quarter ended March 31, 2025. Waaree Energies is likely to post a net profit of Rs 496.15 crore and a revenue of Rs 4,028.15 crore for the fourth quarter of fiscal 2025, as per the consensus estimates of analysts tracked by Bloomberg.
ICICI Securities maintains a Reduce call on Wipro, revising the target price to Rs 230 due to a weak Q1FY26 revenue guidance of -3.5% to -1.5% QoQ CC, the weakest ever excluding Covid and GFC quarters. This reflects heightened uncertainty and delays in client decision-making, leading to EPS estimate cuts of 5%/4% for FY26/27E.
The shares of IndusInd Bank Ltd. fell over 6% on Tuesday on report that the lender will conduct a second audit to probe a Rs 600 crore discrepancy in accrued interest income from its microfinance portfolio. The lender has appointed EY to conduct an audit reported during the ongoing statutory audit for the previous year, the Economic Times reported quoting two people familiar with the matter. EY will examine whether there were any operational lapses or instances of fraud. NDTV Profit could not immediately verify this report.
Finance Minister Nirmala Sitharaman met several senior executives and business leaders in San Francisco and discussed bilateral areas of cooperation in sectors such as technology, artificial intelligence, energy and digital infrastructure as well as opportunities to enhance investment collaboration between India and the UnitedStates.
Under the new rules, minors above 10 years old will be permitted to manage their accounts without the need for a guardian, provided the account terms align with the bank{sin-quite}s risk management policies.
So, if it is a mild, soft landing kind of recession, then the revenues will be secured, you may degrow at most 2-3% and you can grow at most 2-3%, I think that is the situation today.
Rupee appreciated 33 paise to 85.05 against the U.S. dollar in early trade on Monday (April 21, 2025), as the dollar index fell to its lowest in three years due to anxiety over Trump tariffs.
The rally was spearheaded by HDFC Bank, which jumped nearly 2% to a new 52-week high of ₹1,950.70. ICICI Bank followed closely, advancing around 1% to touch a record high of ₹1,436.00. The strong upward move came as brokerages reaffirmed their bullish outlook on both lenders, with robust earnings performance serving as the key catalyst.
Amidst market volatility, high beta stocks experienced steeper declines, with many falling significantly from their peaks. Low beta stocks demonstrated greater resilience, declining less on average. Factors like global trade tensions, FII selling, and concerns over corporate earnings have contributed to market wobbles. However, recent FII buying and expectations of India{sin-quite}s economic outperformance offer some tailwinds.
The domestic benchmark indices opened higher on Monday amid positive global cues, as selling was seen in the IT, PSU bank and financial services sectors in the early trade. At around 9.29 am, Sensex was trading 396.06 points or 0.50 per cent up at 78,949.26 while the Nifty added 98.20 points or 0.41 per cent at 23,949.85.
HDFC Securities suggests a {sin-quite}Reduce{sin-quite} stance on JK Cement, setting a target price of Rs 4,590 against the current market price of Rs 5,020. For the quarter ending December 31, 2024, JK Cement reported a consolidated total income of Rs 2974.83 crore and a net profit after tax of Rs 189.22 crore. Promoters hold a significant 45.
Indian benchmark indices began the week on a positive note, propelled by robust quarterly performances from HDFC Bank and ICICI Bank. This offset the impact of weaker earnings from Infosys and negative global market signals. Financial stocks spearheaded the gains, while auto and FMCG sectors experienced slight declines. Broader market indices also reflected the upward trend.
ICICI Securities initiates a {sin-quite}buy{sin-quite} call on Niva Bupa Health Insurance, setting a target price of Rs 90. Niva Bupa is poised to benefit from India{sin-quite}s growing health insurance market, driven by its customer focus and tech capabilities. The company has demonstrated a strong GWP CAGR of approximately 40% between FY20 and FY25.
Foreign institutional investors have significantly reduced their holdings in Indian IT stocks due to concerns about Fed rate cuts and weakening demand, while increasing investments in telecom and FMCG sectors. The Nifty IT index is struggling, with all its stocks in decline, contrasting with the resilience shown by domestic consumption-focused sectors like financials and telecom.
India{sin-quite}s top-rung IT services companies TCS, Infosys and Wipro disappointed with their March quarter and full year FY25 scorecards on multiple counts and collectively signalled heightened caution up ahead, as macro-uncertainties compounded by global trade woes eroded sentiments and weighed on business outlook.
Yes Bank posted a 63.3% YoY jump in Q4 profit to Rs 738 crore, with NII rising 5.7% and NIM improving to 2.5%. Asset quality strengthened as net NPA fell to 0.3%, while advances and deposits grew 8.1% and 6.8%, respectively. CASA ratio improved to 34.3%. Provisions rose 23% QoQ as gross slippages moderated.
Just Dial shares: At the operational level, EBITDA increased by 21.8% to ₹86.1 crore, up from ₹70.7 crore in the same quarter last year. The EBITDA margin also improved, rising to 29.8% from 26.2% during the corresponding period.
In this edition of ETMarkets AIF Talk, we speak with Abhishek Jaiswal, Fund Manager at Finavenue, whose Growth Fund has taken the smallcap space by storm—delivering a staggering 170.37% absolute return since its inception in July 2023, and over 46% in FY25 alone.
Saigal Capital{sin-quite}s founder, Anshul Saigal, anticipates tariffs positively impacting India, presenting buying opportunities post-volatility. He sees value in companies benefiting from volume and price increases, particularly in pharma (CDMO) and metals. Despite tech{sin-quite}s potential, high valuations make it currently less appealing, with uncertainty creating opportunities in specific sectors like textiles.
Infosys reported a 12% YoY drop in Q4 profit to Rs 7,033 crore, with revenue rising 8% but declining 3.5% QoQ in constant currency. FY26 guidance was muted at 0–3% growth. Brokerages maintained cautious stances, citing macro uncertainty and delayed deal conversions, though free cash flow hit record levels, and margins improved marginally.
Sandip Sabharwal suggests contrarian investment opportunities in consumer and infrastructure construction companies, benefiting from supportive monetary policy and increased government spending. He remains positive on banks like ICICI, HDFC, and SBI. While cautious on IT due to project uncertainties, he sees potential in L&T Finance, M&M Finance, and Bharti Airtel, citing strong cash flows and pricing power.
Union Commerce and Industry Minister Piyush Goyal is likely to visit London, Oslo and Brussels next week, in a bid to fast-track the three proposed free trade agreements with the respective regions. Goyal{sin-quite}s London visit will revolve around the progress made for the India-UK free trade agreement, which is currently at its final stages with no new rounds for negotiations planned so far. Fourteen rounds have been completed since talks resumed in January 2022.
Tata Elxsi Ltd.’s fourth-quarter performance for financial year 2025 fell short of expectations, prompting both Morgan Stanley and JPMorgan to maintain their Underweight ratings while lowering target prices.
India{sin-quite}s economy is attracting foreign investment in infrastructure and renewable energy. Domestic sectors are expected to perform well, despite IT sector challenges. Experts advise evaluating businesses for accumulation. FIIs are returning, focusing on financials and new sectors. India stands to gain from the US-China trade situation. The nation may become a manufacturing hub, strengthening its global position.
ICICI Bank{sin-quite}s shares soared to a 52-week high after a robust Q4FY25 performance, with net profit increasing by 18% YoY. Brokerages like Nuvama and MOSL have reaffirmed their {sin-quite}Buy{sin-quite} ratings, citing strong fundamentals and growth in loans and deposits. MOSL projects a RoA of 2.3% and a RoE of 17.5% for FY27, upgrading earnings estimates.
Infosys reported a weak fourth quarter for financial year 2025 and will see a muted fiscal 2026, but both Jefferies and Investec maintain a bullish stance on the stock.
Hemendra M Kothari highlights the diminished appeal of ADRs and GDRs due to the Indian market{sin-quite}s strength. Experts foresee substantial Nifty growth, potentially doubling in a decade, driven by India{sin-quite}s economic expansion. Despite global tariff concerns, optimism prevails, with projected growth of 7.5-8%. Kothari recalls the computerization of the stock exchange and the rise of online trading.
Hyundai Motor India shares are set for increased trading activity as the lock-in period for a substantial portion of its equity, valued at nearly $10 billion, ends. This unlocks approximately 62% of the company{sin-quite}s outstanding shares. While a sell-off isn{sin-quite}t guaranteed, analysts predict a potential 21% upside, with a consensus {sin-quite}Buy{sin-quite} recommendation. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/hyundai-motor-india-shares-in-focus-ahead-of-lock-in-expiry-9-8-billion-worth-of-stock-set-to-unlock/articleshow/120468829.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
In the Nifty200 pack, we have collated a list of six stocks that witnessed a 5-year swing high at the close on April 17, suggesting bullishness in counters, according to stockedge.com{sin-quite}s technical scan data.
The Q4 earnings season gains momentum with Mahindra Logistics and Tata Investment among 16 companies reporting. A muted quarter is expected for corporate India, with Nifty earnings growth projected at just 2% YoY. Experts anticipate continued weakness from previous quarters, potentially leading to only 5% YoY earnings growth for Nifty in FY25.
The Q4 earnings season gains momentum with Mahindra Logistics and Tata Investment among 16 companies reporting. A muted quarter is expected for corporate India, with Nifty earnings growth projected at just 2% YoY. Experts anticipate continued weakness from previous quarters, potentially leading to only 5% YoY earnings growth for Nifty in FY25.
A few days ago, Bloomberg ran an interesting story about LG and Samsung trying to pull off a Netflix-style model for home appliances. The idea is simple. Pay a monthly fee, get the latest fridge, washing machine or microwave and when you’re bored or want something fancier, swap it for a newer model. No long-term commitment. No big upfront cost.
Asian equities and U.S. stock futures declined amid anxieties over tariffs and President Trump{sin-quite}s criticism of the Federal Reserve, boosting gold prices to a record high. Trump{sin-quite}s attacks on Fed Chair Jerome Powell raised concerns about the central bank{sin-quite}s independence. Markets were already tense due to geopolitical issues, and the potential political interference added uncertainty.
China{sin-quite}s benchmark lending rates remained steady for the sixth consecutive month, aligning with market predictions. The one-year loan prime rate (LPR) is holding at 3.45%, while the five-year LPR remains at 3.95%. A recent poll indicated that the majority of market participants anticipated no changes to either rate.
Gold prices surged to a record high as the dollar weakened and trade war tensions escalated, fueling recession concerns and driving investors towards the safe-haven asset. The U.S. is considering tariffs on critical mineral imports, further straining global trade relations. Despite rising prices, physical gold demand remained subdued in India, while premiums held steady in China.
Oil prices experienced a roughly 1% decrease on Monday as the United States and Iran initiated discussions to establish a framework for a potential nuclear agreement, easing concerns about supply disruptions from the Middle Eastern producer. Simultaneously, tensions remain high as Russia and Ukraine exchanged accusations of violating the Easter ceasefire, further complicating the geopolitical landscape.
Every financial year, typically in March, it used to be a ‘tick box’ for investments eligible under Sec. 80C of the Income Tax Act to be executed. Investments up to ₹1.5 lakh a financial year are still eligible for deduction under Sec. 80C. But, under the new tax regime (NTR), this deduction is not available. Only returns filed under old tax regime (OTR) fetch benefit.
Most retirees prefer rental income. But there comes a time when retirees may have to decide whether to continue earning rental income or sell the property and deposit the money in a bank. This week, we discuss the factors driving such phase transition.
It’s time to wipe the slate of last financial year and the clock of investment must be reset based on your current goals. One of the advantages of the National Pension Scheme (NPS) is it offers both tax incentives and a retirement corpus
The dollar weakened against its major peers with euro among the outperformers. The yen climbed to the strongest level against the greenback since September. Treasuries dropped and equity-index futures for the S&P 500 and the Nasdaq 100 retreated. Japanese stocks fell at the open.
The dollar weakened against its major peers with euro among the outperformers. The yen climbed to the strongest level against the greenback since September. Treasuries dropped and equity-index futures for the S&P 500 and the Nasdaq 100 retreated. Japanese stocks fell at the open.
The sharp rebound in the Indian currency, from its record low of ₹87.93 per dollar in the middle of February, gives a window for companies to hedge their positions, even as the long-term outlook for the rupee remains weak, according to currency traders and treasury heads.
Home-grown AMG Metals & Materials, a company backed by the promoters of renewable energy player Greenko, has signed an agreement with global mining giant Rio Tinto to jointly develop a low-carbon aluminium project in India with a potential production capacity of one million tonnes per annum. The parties are exploring to support the project with wind and solar energy firmed by pumped hydro storage, the companies said in a joint statement.
Tamil Nadu’s total installed power capacity was 42,772.20 MW as on March 31 this year, increasing from the previous year’s 39,805.97 MW, according to data from the Central Electricity Authority (CEA).
Mastek{sin-quite}s Q4FY25 results reveal a mixed performance, with a 14.1% YoY decline in net profit to Rs 81.1 crore, despite a healthy 16.6% YoY growth in revenue from operations. The board proposed a final dividend of Rs 16 per share. While revenue rose, profitability margins narrowed, and EBITDA softened, reflecting a contraction in operating EBITDA margin.
Indian equities rebounded strongly, driven by a pause in US tariffs, with the Sensex gaining over 4%. Small caps surged, offering relief to investors after months of pressure. Banking stocks led the gains, supported by a favorable monetary environment and reduced deposit rates. FIIs returned with strong buying, and analysts advise focusing on domestic themes amid global uncertainties.
From daily Vipassana meditation to consistent running and gratitude journaling, Jhawar has built a disciplined wellness routine that not only fuels his productivity but also shapes his leadership and company culture.
Global markets are cautiously optimistic amidst tariff concerns, awaiting China{sin-quite}s economic response and assessing corporate resilience. The IMF and World Bank meetings in Washington highlight worries about U.S. isolationism. China is expected to ease monetary policy, while U.S. earnings reports, including Tesla and Alphabet, will reveal tariff impacts.
ICICI Bank, YES Bank, and HDFC Bank are set to release their Q4 earnings, with HDFC Bank anticipated to show a net profit increase between 2.5% and 7%. ICICI Bank is projected to reveal a double-digit net profit growth, potentially rising by 10-15%. Brokerage firms have provided estimates for both banks{sin-quite} net interest income, indicating positive growth.
U.S. stock market faces a crucial week as major companies report earnings amid trade policy uncertainties sparked by President Trump{sin-quite}s tariffs. Investors are on edge, with recession odds rising and volatility remaining high.
White House economic advisor Kevin Hassett indicated that President Trump is still considering firing Federal Reserve Chair Jerome Powell, despite concerns about the central bank{sin-quite}s independence and market stability. Trump has repeatedly criticized Powell for not lowering interest rates, accusing him of playing politics.
While he cautions that equities may face pressure and deliver subpar returns in the near term, he believes the current environment presents a rare window for bargain hunters to accumulate high-quality stocks at reasonable valuations.
So, overall sentiment looks very positive and till the time Nifty remains above 23,300 the sentiment might remain positive and buy on dip strategy will be favoured and on the higher end Nifty might move towards 24,100.
Kenneth Andrade of Old Bridge Capital Management suggests that the global economy is heading towards stagflation, with the US facing tariff-driven inflation and the rest of the world grappling with deflation due to inventory surplus. He advises investors to build portfolios focused on companies that are self-sustaining and have strong balance sheets, rather than chasing growth.
With most markets closed for Easter, the MSCI emerging markets index rose on Friday, taking its weekly advance to 2.2%. Currencies of commodity-linked countries including South Africa outperformed this week, sending the benchmark near a six-month high.
Amidst a mixed earnings season, the IT sector faces headwinds from discretionary spending uncertainty and pricing challenges, potentially delaying recovery. However, domestically focused sectors like agrochemicals, healthcare, and banking show promise. Valuations are currently fair, with expectations of a stronger second half in FY25 driven by consumption and government spending.
In the frenzy that ensued, Sealion helped charter five aircraft while overseeing dozens of trucks and barges to ship $330 million worth of equipment from Thailand, Malaysia and Indonesia to the US.
In the grip of the tariff fallout, 90 of the top 100 best-performing exchange-traded funds of last year are down in 2025, with an average loss of 13%, according to Bloomberg Intelligence. At the same time, dormant trades of all sorts have staged a comeback: Nine of the 20 worst-performing equity mutual funds of 2024 are posting positive returns this year.
These and other planned initiatives follow a directive by finance and corporate affairs minister Nirmala Sitharaman to take swift remedial measures amid complaints of delay in transfers, according to people familiar with the matter.
However, the company did not give any details of the amount to be raised. The company will also present its fourth quarter and full-year results post the board meeting, along with an analyst and media briefing.
However, the company did not give any details of the amount to be raised. The company will also present its fourth quarter and full-year results post the board meeting, along with an analyst and media briefing.
We told you why Gensol Engineering’s stock was crashing and why BluSmart – the EV startup it helped power – was in trouble. The red flags were everywhere: sketchy financials, promoter share pledging, and a suspiciously tight-knit relationship between the two companies. And a day back, we dropped a thread on X laying out how ₹978 crore worth of loans, meant to put more electric vehicles on Indian roads, somehow ended up partly funding luxury apartments and spa sessions. But let’s take another look at the SEBI’s recent 29-page order that confirmed a lot of what was suspected — and added twists nobody saw coming.
The US Treasury is considered among the world{sin-quite}s top safe-haven assets, as investors usually pile up these American government bonds in times of crisis as part of their shift to safety. The purchases lead to a fall in yields on the US Treasury and the dollar strengthening.
Gold and silver surged in international markets, driven by strong safe-haven demand amid escalating US-China trade tensions. Gold prices jumped over $100 per troy ounce, reaching record highs, as investors sought refuge from growing geopolitical and economic uncertainty.
Amidst market volatility triggered by Donald Trump{sin-quite}s policy shifts, Indian investors are navigating uncertainty in 2024. Experts advise a diversified risk management strategy, emphasizing long-term investments in sectors like cement, infrastructure, and rural consumption, which are less sensitive to global events. Defensive sectors and diversified conglomerates offer stability.
HDFC Life{sin-quite}s Q4FY25 performance is anticipated to show strong growth, with brokerages projecting a 10-17% YoY increase in annualised premium equivalent (APE), potentially reaching ₹5,510 crore. The value of new business (VNB) is also expected to rise by 10-14%. Sharekhan estimates a 31% YoY surge in profit after tax, while Nuvama is most bullish on APE and VNB growth.
Indian benchmark equity indices opened lower on Thursday, weighed down by IT stocks following Wipro{sin-quite}s revenue decline forecast amid tariff concerns. The BSE Sensex fell by 0.39%, and the Nifty50 slipped by 0.49%. This downturn was further influenced by US Federal Reserve Chair Jerome Powell{sin-quite}s warning about the risks of tariffs on growth and prices.
DLF shares will be in the spotlight on Thursday, April 17, after the company announced that it had entered into a definitive Master Framework Agreement (MFA) for the sale of its Kolkata-based IT/ITeS SEZ business to the Srijan Group and its subsidiaries for a total agreed consideration of Rs 693 crore.
Shares of Angel One fell by 6.4% on the NSE on Thursday, April 17, to their day’s low of Rs 2,201, after the company reported a sharp decline in its quarterly earnings for the fourth quarter of FY25.
Hero MotoCorp has announced a temporary production halt at four plants—Gurugram, Dharuhera, Haridwar, and Neemrana—from April 17 to 19 for maintenance and supply alignment. Production will resume on April 21. Despite a recent stock dip, the company reported strong FY25 sales, including a 200% surge in EVs and robust premium and global growth.
IRFC shares will be in focus after the Madras High Court set aside a Rs 230.55 crore GST demand, remanding it back for fresh review. The court allowed IRFC’s writ petition, offering relief from immediate tax liability. The company clarified there{sin-quite}s no financial statement impact or pending litigation against key personnel. IRFC shares closed 0.66% higher at Rs 129.12.
Sudip Bandyopadhyay advises caution amidst US-China trade talk optimism, highlighting significant disagreements that require time to resolve. He favors domestic infrastructure and realty stocks like DLF, Macrotech, and L&T due to government spending and private capex. Bandyopadhyay anticipates positive results from private banks like ICICI Bank and HDFC Bank and suggests Bharat Electronics for long-term portfolios.
Google on Wednesday said it would "vigorously" defend itself after some 250,000 UK businesses filed a multi-billion-pound legal claim against the US tech giant for allegedly overcharging for online advertising.
Paytm shares are expected to be active following a settlement between Vijay Shekhar Sharma, his brother, and One97 Communications with Sebi for Rs 2.79 crore. The settlement addresses accusations of misrepresented facts and breaches of shareholder classification norms during Paytm{sin-quite}s IPO.
Karnataka Bank has appointed an external agency to conduct a forensic review of its suspicious global UPI transactions. This move is based on direction by the bank{sin-quite}s board and the Reserve Bank of India. The appointment concerned certain deficiencies in the reconciliation process, related to suspicious global UPI transactions reported on Feb. 17, according to an exchange filing on Wednesday.
BHEL shares: According to data from Trendlyne, the stock has an average target price of ₹213, suggesting a potential downside of around 6% from its current market level. Among 18 analysts covering the stock, the overall consensus is a ‘Hold’ recommendation.
Morgan Stanley has raised its target price for Adani Ports and Special Economic Zone Ltd. to Rs 1,418 from Rs 1,415, citing the company{sin-quite}s resilient business model and diversified cargo and geographical mix. The brokerage maintained an {sin-quite}overweight{sin-quite} rating on Adani Ports, highlighting the company{sin-quite}s strategic approach to leveraging its integrated business model to reduce Ebitda sensitivity to cargo volumes.
In the three months since U.S. President Donald Trump launched his “America First” trade policy, weaponising trade to extract concessions from his partner countries, there are indications that it could bring the global economy to its knees. “Reciprocal tariffs” were proposed as a key component for eliminating what Mr. Trump perceived as “unfair trade practices” of partner countries.
Richard Harris of Port Shelter Investment Management suggests China is displaying more stability than the U.S. in trade negotiations. While China is willing to talk, they seek respect and discussion on past issues. Harris notes that any discussion is positive, but cautions against expecting a complete reversal of tariffs, as significant damage to supply chains has already occurred.
Despite a sharp recovery in some bank stocks in recent trading sessions, most lenders continue to trade below their year-ago valuations. According to a data analysis compiled by ET Bureau, factors such as slowing credit offtake, pressure on net interest margins (NIMs), and regulatory measures curbing unsecured loan exposure have weighed on investor sentiment. These challenges, combined with muted expectations for the March quarter earnings, have added to the cautious outlook for the banking sector.
India’s debt market reflected improved sentiment in March, aided by strong liquidity support from the Reserve Bank of India (RBI), easing inflation, and a narrowing trade deficit. According to Puneet Pal, Head – Fixed Income, PGIM India Mutual Fund, the end of the financial year was marked by the RBI’s proactive liquidity measures.
UltraTech Cement will acquire a 26% stake in AMPIN C&I Power Eight for up to Rs 25.50 crore. This investment supports UltraTech{sin-quite}s green energy goals and aims to optimize energy costs while meeting regulatory requirements. AMPIN C&I Power Eight is developing a 75 MWp DC/50 MW AC solar power project in Rajasthan.
Market expert Nischal Maheshwari suggests sticking to large-cap quality stocks amidst ongoing trade negotiations. China has expressed openness to talks with the US, contingent on respectful engagement. Maheshwari advises caution regarding IT stocks, anticipating continued uncertainty and deferred decisions until the second half of next year, recommending a wait-and-see approach.
One of the drivers of Viksit Bharat will be manufacturing. One of the pillars of Viksit Bharat is ‘nari (women)’. However, women are missing from the factory floors. The share of women in India’s formal manufacturing sector fell from 20.9% in 2015-16 to 18.9% in 2022-23 (1.57 million out of 8.34 million formal workers). What is even more striking is that of all the women working in manufacturing, Tamil Nadu alone is employing 41%.
Infosys anticipates a slight revenue decline in Q4, projecting 1-4% CC revenue growth for FY26 due to macroeconomic factors and a lack of mega-deal contributions. HDFC Life is expected to see a rise in annualised premium equivalent (APE) by 10-17% and a potential 31% YoY increase in profit after tax.
Indian stock indices closed higher for the third consecutive session, fueled by easing retail inflation and hopes for rate cuts. Viral Chheda of SSJ Finance and Securities suggests buying Jio Financial, SBI Card, and Canara Bank. He anticipates significant upside potential for these stocks over the next 10-12 months, providing specific entry points, stop losses, and target prices.
Federal Reserve Chair Jerome Powell indicated the Fed{sin-quite}s cautious approach to interest rate adjustments, awaiting further economic data. He highlighted concerns that President Trump{sin-quite}s tariffs could hinder the Fed{sin-quite}s goals by potentially raising inflation while weakening employment.
Jerome Powell of the Federal Reserve indicated a challenging situation. Tariffs could raise inflation while weakening growth. Investors worry the Fed might hesitate to cut rates. This is due to inflation fears. Stocks fell after Powell{sin-quite}s comments. Nvidia{sin-quite}s warning about chip exports to China also contributed. The market had hoped for a more dovish signal from the Fed.
Kirana stores, those small, familiar shops that once ruled the Indian grocery market, are now facing an existential crisis. And no prizes for guessing who’s the culprit — quick commerce platforms like Blinkit, Swiggy Instamart and Zepto, which promise to deliver groceries or almost everything under the sun in just 10 to 30 minutes after you think of them.
Global shares plummeted as new U.S. chip restrictions on China and tariff uncertainties rattled tech stocks. Gold soared to record highs while the dollar weakened. The Fed is holding steady on interest rates, awaiting further economic data amidst trade policy shifts. Concerns over global supplies drove oil prices up, while bitcoin saw a slight increase.
Donald Trump{sin-quite}s trade war impacts various industries. US stock markets face pressure. Tech stocks are hit hard. Airlines prepare for an uncertain summer. The Federal Reserve notes slowing economic activity. Trade talks with Japan are underway. Business leaders worry about stalled spending plans. The US and China remain in a trade war. Consumer sentiment has deteriorated. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/trumps-trade-war-ripples-through-the-business-world-hits-stocks-again/articleshow/120363398.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
After hitting a 52-week low of 483.70 in March 2025, LIC Housing Finance{sin-quite}s stock price staged a decent recovery from its lows and broke out above an Inverted Head & Shoulders pattern on the daily charts. Traders can buy for a target of Rs 660 in the next 5-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
The dollar is poised for its fourth consecutive weekly loss due to tariff concerns, despite rebounding from a seven-month low against the yen after U.S.-Japan trade talks avoided currency discussions. Investor confidence in U.S. economic growth has been undermined by trade tensions, benefiting safe-haven currencies like the Swiss franc.
Oil prices surged following new U.S. sanctions on Iranian oil exports and OPEC producers{sin-quite} pledges for deeper output cuts. Brent crude rose to $66.19 a barrel, while U.S. West Texas Intermediate reached $62.91. These gains, fueled by concerns over tighter supply and bolstered by significant draws in U.S. gasoline and distillate stocks, mark the first weekly rise in three weeks.
Gold prices surged to a record high, reaching $3,357.40 per ounce, driven by investors seeking safe-haven assets amid escalating global trade tensions. President Trump{sin-quite}s probe into new tariffs on critical minerals and China{sin-quite}s restrictions on Boeing aircraft fueled economic uncertainty.
Gold price in India surged to near all-time high level of Rs 96,450 on Thursday, trading Rs 2,000 higher at Rs 95,880 as of 06:54 a.m. on April 17, according to the India Bullion Association. On Tuesday, gold prices of 99.5% purity revisited the all-time high of Rs 96,450 per 10 grams in the national capital during noon.
Asian stocks nudged higher and the yen weakened as investors took heart from a first round of trade negotiations between the US and Japan. Japanese shares gained slightly after President Donald Trump said there was “big progress” in talks to strike a deal for Japan to avoid higher levies. The yen weakened after the country’s chief trade negotiator said currencies weren’t discussed, allaying concerns a stronger exchange rate would be part of the US demands. Gold hit a record in demand for safe havens while Treasury yields and a gauge of the dollar inched up.
The rupee surged 39 paise to 85.71 against the US dollar, fueled by strong domestic equity markets and low crude oil prices. The US administration{sin-quite}s decision to suspend additional tariffs on India until July 9 also boosted the rupee. Despite foreign capital outflows, a weak dollar index further strengthened the local currency.
Indian benchmark indices Sensex and Nifty50 witnessed a significant surge on Tuesday morning, fueled by widespread buying across various sectors. This rally was triggered by U.S. President Donald Trump{sin-quite}s decision to exempt electronics from proposed tariffs, providing relief to global equities. The Sensex jumped 2.06%, while the Nifty50 climbed 2.09%.
State Bank of India has slashed its External Benchmark Based Lending Rate and Repo Linked Lending Rate by 25 basis points, following the RBI’s repo rate cut to 6.25%. Effective April 15, the move is set to ease EMIs for retail borrowers and could buoy rate-sensitive stocks. SBI shares had closed 1.7% higher ahead of the announcement.
The recent market drawdown may have already factored in some but not all potential earnings cuts, especially in globally exposed sectors such as IT services and energy. In such a scenario, large-cap valuations look more attractive than mid- and small-caps, and also present fewer downside risks.
The recent market drawdown may have already factored in some but not all potential earnings cuts, especially in globally exposed sectors such as IT services and energy. In such a scenario, large-cap valuations look more attractive than mid- and small-caps, and also present fewer downside risks.
The recent market drawdown may have already factored in some but not all potential earnings cuts, especially in globally exposed sectors such as IT services and energy. In such a scenario, large-cap valuations look more attractive than mid- and small-caps, and also present fewer downside risks.
Following market volatility due to tariff concerns, analysts suggest focusing on domestic-oriented sectors like banking, power, and healthcare. India{sin-quite}s lower export dependency and resilient macro setup offer a safe haven. Experts recommend a diversified portfolio with stocks like Reliance, TVS Motor, and ICICI Bank, anticipating growth and outperformance in a post-tariff environment.
Ashoka Buildcon shares: The project entails gauge conversion along a 53.3-kilometer section between Pachora and Jamner in Maharashtra. The scope of work covers earthwork, construction of major and minor bridges, road under bridges (RUBs), permanent way (P-Way) work, and various other civil works.
RIL shares: Reliance Industries has posted a 17.58% drop over the past year. On a year-to-date (YTD) basis, the stock is down 0.19%. Over the last six months, it has declined by 11.07%, while the three-month and one-month performances show declines of 1.86% and 2.25%, respectively.
Nvidia announced Monday that it will produce its artificial intelligence super computers in the United States for the first time.
NHPC shares are in focus following the commencement of commercial operations for a 107 MW solar power capacity in Rajasthan. Additionally, trial runs for all units of the Parbati-II HE Project in Himachal Pradesh have been successfully completed, with commercial operations already declared for three units earlier this month.
LGT Wealth{sin-quite}s CIO-Equities, Chakri Lokapriya, suggests a multicap approach, highlighting value in mid and small-caps after recent market volatility. He favors domestic-facing companies like Tata Consumer and Voltas, financials benefiting from government spending, and industrials. Cement companies like UltraTech are also promising. While IT faces discretionary spending uncertainty, chemicals offer an advantage due to favorable tariffs compared to China.
Citi has downgraded US equities to Neutral due to high valuations and tariff pressures, while maintaining an Overweight rating for India. India{sin-quite}s strong domestic fundamentals and relative insulation from global trade tensions drive this positive outlook. The UK was upgraded to Overweight, while Australia remains an Underweight.
Meta chief and co-founder Mark Zuckerberg took the stand Monday in a landmark US antitrust trial in which his social media juggernaut stands accused of abusing its market power to acquire Instagram and WhatsApp before they could become competitors.
President Trump announced potential tariffs on imported pharmaceuticals, impacting countries like India, a major supplier to the US drug market. In 2024, US pharmaceutical imports reached $213 billion, with India providing over 45% of generic drugs and 15% of biosimilars. The move aims to bolster domestic production, raising concerns for Indian pharma companies reliant on US revenue. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/pharma-stocks-in-focus-as-trump-signals-tariffs-on-imported-medicines/articleshow/120296665.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Sunny Agrawal of SBI Cap Securities advises gradual capital deployment over the next six months, targeting CY26 and CY27 for better returns. He favors domestic consumption stories, particularly BFSI, frontline banks, and select auto segments like tractors. While cautious on IT and metals due to tariff uncertainties, he sees potential in aluminium and specific tyre companies like Ceat.
Recent turbulence in U.S. Treasury bills, triggered by fiscal policy concerns and complex trading strategies, has shaken the bond market. The unwinding of leveraged "basis trades," reliant on stable bond prices, led to widespread sell-offs. Investors are closely monitoring U.S. Treasury yields, the U.S. dollar relationship, and potential Federal Reserve intervention for signs of further instability.
Investors aiming for Mazagon Dock Shipbuilders{sin-quite} Rs 3 interim dividend must purchase shares today, April 15, as it{sin-quite}s the ex-dividend date. The record date is set for April 16, determining shareholder eligibility for the dividend, which will be paid by May 7, 2025.
The dollar stabilized on Tuesday, hovering near multi-year lows against the euro and yen amid fluctuating U.S. tariff policies. Investor confidence in the greenback remains shaky, fueled by policy confusion and a rotation out of dollar assets. Dovish comments from Fed officials, hinting at potential rate cuts to counter economic shocks from tariffs, further influenced market sentiment.
ICICI Lombard and ICICI Prudential Life are set to announce their Q4 results, with analysts anticipating a 10% YoY APE growth for ICICI Pru Life, reaching Rs 3,312 crore. ICICI Lombard{sin-quite}s total income is expected to grow by 5% to Rs 5430 crore, driven by moderate NEP growth.
Atlanta Federal Reserve President Raphael Bostic stated that economic uncertainty due to the Trump administration{sin-quite}s tariff policies has stalled the economy. He suggested the Fed should pause policy adjustments until clarity emerges. Bostic anticipates tariffs will elevate prices, delaying the return to the Fed{sin-quite}s 2% inflation target, potentially until 2027.
Global markets initially rallied following a U.S. tariff reduction, but anxieties about economic growth and trade policy persist. Wall Street lagged behind Asian and European markets, reflecting concerns about potential stagflation. Simultaneously, the dollar and U.S. Treasuries are slumping, signaling a possible shift in global financial confidence. Private sector investors are increasingly influencing the fate of U.S.
Global financial markets are volatile but short-term liquidity remains stable, a senior Bank of Japan official said, noting the BOJ will closely monitor economic impacts.
The Indian rupee is expected to remain sensitive to global volatility stemming from fluctuating U.S. tariff policies, despite a weaker dollar offering some support. Government bond yields may ease due to central bank bond buying. Investors will also be watching for India{sin-quite}s retail inflation data and key U.S. economic releases this week.
In today’s Finshots, we talk about STELLAR, the Central Electricity Authority (CEA)’s new tool to help electricity distributors manage power supply and possibly move towards zero power cuts in India.
Oil prices saw a rise on Tuesday. This increase is due to President Trump{sin-quite}s tariff exemptions. China{sin-quite}s crude oil imports also rebounded. This rise happened as tighter Iranian supply was expected. Trump is considering changes to tariffs on auto imports. OPEC had lowered its demand outlook. China{sin-quite}s oil imports in March increased by 5%.
Gold prices experienced a slight increase due to ongoing uncertainty surrounding U.S. President Trump{sin-quite}s proposed tariffs and their potential impact on the global economy. Market participants remain cautious as Trump plans to announce tariff rates on imported semiconductors. Investment in Chinese gold ETFs has surged, surpassing both Q1 figures and U.S. inflows.
U.S. stocks closed higher on Monday, buoyed by Apple{sin-quite}s surge after the White House exempted smartphones and computers from new tariffs. Despite the gains, uncertainty surrounding future tariff rates, particularly on semiconductors, tempered overall market optimism. Investors remain concerned about the potential impact of ongoing trade tensions on corporate supply chains and long-term spending plans, leading to choppy trading.
Banking services will be unavailable in a few Indian states on Tuesday, April 15, as per the Reserve Bank of India{sin-quite}s (RBI) holiday calendar. The closures will be observed due to regional festivals including Bengali New Year’s Day (Poila Baisakh), Himachal Day and Bohag Bihu.
Tata Consumer stock has shown excellent follow-up after the breakout on a weekly basis and surpassed its previous rejection zone of 1075 levels. Traders can buy for a target of Rs 1135 and beyond in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.
The story so far: The Reserve Bank of India (RBI) on April 9 put out draft guidelines for consultation on how lending against gold jewellery and ornaments as collateral should be conducted. The norms strive to harmonise the overall regulatory framework which may differ for entities with varied risk-taking capabilities and address concerns relating to their present conduct. The apex banking regulator is soliciting comments on the proposed regulations until May 12.
BlackRock picked up a third of the entire sum and was the largest subscriber to the 3-5 year paper. Farallon Capital Management, Elham Capital-private credit arm of Hillhouse-Sona Asset Management and King Street Capital were others in the consortium, said people in the know.
Shares in Japan rose more than 1% with companies such as Toyota Motor Corp. jumping after President Donald Trump said he is exploring a pause in auto tariffs. Futures contracts for the S&P 500 pared earlier losses from a plan to impose tariffs on semiconductor and pharmaceutical imports. Treasuries were steady and a gauge of the dollar edged higher, trimming some of Monday’s decline.
The Walmart majority owned entity let off with a warning, advisory for selling a large number of policies with just one specified person; insurance regulator decides not to press charges for another violation around Board composition
India{sin-quite}s Volatility Index surged over 6% amid global equity selloffs and escalating trade tensions, triggered by U.S. tariffs on pharmaceutical imports and increased duties on Chinese goods. Indian pharma and metal stocks declined, while concerns about stagflation and a potential U.S. recession impacted IT stocks.
The Indian market has remained volatile in April. Leading brokerage houses have recently released their views on select mid-cap and growth-oriented stocks, highlighting compelling investment opportunities backed by robust fundamentals and long-term growth prospects for the next 12 months.
Market veteran Dipan Mehta warns of a potential global financial crisis akin to 2008, fueled by trade tensions and recession risks. He advises investors to prioritize capital preservation over aggressive buying, anticipating significant market volatility and a slowdown in global growth. Mehta suggests shifting to a sell-on-rise strategy and reviewing portfolios to reduce export exposure.
Spartan Capital Securities{sin-quite} Peter Cardillo warns of a potential recession. This is due to prolonged trade tensions with China, Canada, and the EU. Retaliatory tariffs and a possible currency war with China are major concerns. The Federal Reserve may not intervene this time. The market is focused on trade developments and upcoming earnings guidance. All eyes are on China{sin-quite}s response.
The rupee lost further ground on the fourth straight session, declining sharply by 30 paise to 86.56 against the U.S. dollar in early trade on Wednesday (April 9, 2025) ahead of the Reserve Bank{sin-quite}s monetary policy decisions.
Indian IT stocks faced a sharp decline on Wednesday. This drop occurred amid a global equity sell-off. Renewed U.S.-China trade tensions triggered the market downturn. Coforge, Wipro, and other major IT firms saw significant losses. The Nifty IT index experienced a notable slide. Investors reacted to Washington{sin-quite}s tariff confirmation on Chinese imports.
Amidst global recession fears fueled by US tariffs, Wall Street anticipates potential economic downturns. Experts suggest India{sin-quite}s strong domestic focus and projected growth offer resilience. Historical data reveals past US recessions significantly impacted Indian markets, with Sensex slumping. Analysts advise investors to remain calm, diversify portfolios, and consider fundamentally strong companies during this period of uncertainty, emphasizing long-term favorable outlook.
The Indian rupee weakened against the U.S. dollar, influenced by a weaker Chinese yuan after new U.S. tariffs. Other Asian currencies also declined. Investors awaited the Reserve Bank of India{sin-quite}s monetary policy decision, anticipating a rate cut. Increased hedging by Indian corporates and foreign investor outflows further pressured the rupee.
The Monetary Policy Committee (MPC) of the RBI on Wednesday (April 9, 2025) unanimously decided to reduce repo rate by 25 basis points to 6%. It has also changed its stance from ‘neutral’ to accommodative.
Mahavir Jayanti will be observed on Thursday, April 10. The day marks the birth anniversary of Lord Mahavir, the last Tirthankara, which means saviour and spiritual teacher, in Jainism. On the day, some states, including Jharkhand, Gujarat, Karnataka, Madhya Pradesh, and Tamil Nadu, will observe a public holiday. All public institutions such as government offices, post offices, schools, and banks will remain closed in these states.
Pharma stocks declined in early trade on Wednesday after US President Donald Trump reiterated tariffs on pharmaceutical imports. Speaking at an event at the National Republican Congressional Committee, Trump announced the US would soon impose a "major" tariff on pharma imports.
If you cut trade, tariffs does not help rather. It is very regressive. It reduces the standard of living. So, we do not want that. So, what is going to happen is these negotiations are very good, very constructive and you are seeing that in the stock market, there is hope that this will lead to something very well done, very constructive.
Indian benchmark indices experienced a downturn, mirroring a global sell-off fueled by escalating trade tensions and concerns over U.S. tariffs. Despite the RBI{sin-quite}s rate cut and revised GDP forecast, market sentiment remained weak. IT, pharma, and metal stocks were particularly affected by the trade war{sin-quite}s potential impact on revenue and competition, while gold loan providers faced regulatory concerns.
Shares of NBCC (India) are expected to be in the spotlight on Wednesday, April 9, following a series of positive developments announced by the company, including a major work order and a strategic Memorandum of Understanding (MoU).
India{sin-quite}s economy shows resilience amid tariff concerns, supported by domestic investor cash and weakening oil prices. DII buying has commenced, signaling a positive market outlook. Rate-sensitive sectors like BFSI and consumption are favored, while IT and defense require caution. Hospitality and aviation benefit from domestic tourism and lower crude prices.
US President Donald Trump{sin-quite}s world wide reciprocal tariffs come into effect Wednesday. Trade partners to the biggest economy in the world can now either retaliate, concede, or just worry. As NDTV Profit reported earlier, India is not planning a knee-jerk reaction to the reciprocal tariffs. New Delhi{sin-quite}s primary focus remains on finalising the bilateral trade agreement with Washington DC, which is expected to be concluded as early as August.
While both Jefferies and Bernstein initiated coverage on Vishal Mega Mart Ltd. on Wednesday, they don’t see eye to eye on the value retailer’s growth story. Jefferies called it “a compelling value retail play”. Bernstein, on the other hand, set the most bearish target price among the nine analysts covering the stock — at Rs 90. The two disagree on whether the company’s margin profile and expansion strategy can sustain its current valuation.
Indian metal stocks faced a downturn following U.S. President Trump{sin-quite}s increased import duties on Chinese goods, escalating trade war tensions. Lloyds Metals and Energy experienced the steepest fall, while Tata Steel, NMDC, NALCO, and SAIL also declined. The tariffs could divert Chinese steel exports to India, intensifying competition for local producers.
Indian pharmaceutical companies are crucial to the U.S. healthcare system, filling four out of every ten prescriptions in 2022. Reports indicate that Indian medicines saved the U.S. healthcare system USD 219 billion in 2022 and USD 1.3 trillion from 2013 to 2022. Over the next five years, Indian generics are expected to contribute an additional USD 1.3 trillion in savings.
We do not predict market levels, what we focus on is valuations which are still above average. Small and mid-cap are expensive while large caps are in the fair value zone. We have an internal model for asset allocation which is used for equity allocation in some of our asset allocation strategies and that model is suggesting around 60-65% asset allocation to equity.
There is a significant focus on global diversification using Liberalised Remittance Scheme (LRS), Overseas Portfolio Investment (OPI)/ Overseas Direct Investment (ODI) route and integration of investments with migration decisions.
Berger Paints India Ltd., GMR Airports Ltd., Grasim Industries Ltd., and Godrej Properties Ltd. were among the stocks analysts picked to {sin-quite}buy{sin-quite} in Tuesday{sin-quite}s session. Angel One Research Senior Vice-President Aamar Deo Singh, Centrum Broking Technical & Derivatives Research, (Equity Research), Vice-President and Head Nilesh Jain, Axis Securities Technical and Derivatives Research Senior Vice-President Rajesh Palviya, and Religare Broking Retail Research Senior Vice-President Ravi Singh shared their views on the above mentioned counters.
JM Financial has a hold call on Titan, setting a target price of Rs 3,550. Titan{sin-quite}s Q3FY25 consolidated total income rose 21.92% QoQ and 24.95% YoY, with a net profit after tax of Rs 1047.00 crore. While revenue growth is expected to be strong, margin pressure and gold lease costs may lead to flat profit after tax year over year.
Cochin Shipyard shares: Cochin Shipyard stated that the partnership will enhance maritime infrastructure, create jobs, and support India{sin-quite}s ambition to achieve self-reliance in the sector through the {sin-quite}Atmanirbhar Bharat{sin-quite} initiative.
On April 8, the closing prices of five stocks in the Nifty500 pack rallied about 2% above their respective VWAPs (Volume Weighted Average Prices), signaling a potential bullish trend, according to technical scan data from StockEdge.com.
Bharat Petroleum Corporation (BPCL) and Sembcorp Green Hydrogen India have formed a 50:50 joint venture to develop renewable energy and green hydrogen projects across India. This collaboration aims to produce and sell renewable energy, green hydrogen, and its derivatives, potentially including green ammonia.
Vodafone Idea has allotted 3,695 crore equity shares to DIPAM, converting spectrum auction dues into equity, resulting in the government holding a 48.99% stake. SEBI granted an exemption for the acquisition, aiming to improve the telecom provider{sin-quite}s liquidity. The company{sin-quite}s paid-up equity share capital has significantly increased following this allotment.
Bernstein and Jefferies initiated coverage on Vishal Mega Mart Ltd. this Wednesday, but with sharply contrasting views. While Jefferies sees it as a high-growth value retail story with deep reach in India’s smaller towns, Bernstein is more cautious, flagging peak margin concerns and rising competition from online and offline peers.
Adrian Mowat suggests that tariffs, higher than anticipated, have triggered global equity corrections, with uncertainty persisting. He believes the market hasn{sin-quite}t fully priced in a potential US recession caused by these tariffs. Investors should analyze potential investments{sin-quite} sensitivity to US policy and assess valuations, as current Indian large-cap valuations may not offer sufficient cushion.
Asian market recovery and widespread buying contributed to today’s market rebound; During yesterday’s (April 7, 2025) crash, the index slumped 3,939.68 points or 5.22% to 71,425.01.
Adani Group stocks saw significant gains on Tuesday as the NSE Nifty 50 and BSE Sensex rebounded from the previous session{sin-quite}s slump. The Nifty 50 opened 1.8% higher at 22,568.65, while the Sensex surged 1.63% to 74,331.78, reflecting renewed investor confidence.
Indian stock market faced a selloff recently due to global trade war fears. Portfolio managers advise focusing on long-term fundamentals. They suggest prioritizing domestic consumption and quality stocks. Experts believe India{sin-quite}s macro factors are strong. Strategic portfolio adjustments are recommended. Fund managers are optimistic about eventual trade negotiations. They caution against panic selling during market volatility.
Fixed-income investors are keenly awaiting the RBI{sin-quite}s MPC meeting, anticipating a rate cut and a shift to an accommodative stance. Bond yields have declined due to global risk-off sentiment and the RBI{sin-quite}s liquidity management. PGIM India MF suggests investors allocate to short-term and corporate bond funds, expecting the 10-year bond yield to trade between 6.25% and 6.50%.
Devina Mehra, Founder & CMD of First Global, predicts the possible end of the US market{sin-quite}s 12-year outperformance, accelerated by Trump{sin-quite}s policies. Despite potential downturns, investing remains crucial as missing top trading days can significantly impact long-term returns. India{sin-quite}s market is portrayed as less risky, and maintaining a diversified global portfolio is recommended for investors.
Following a steep selloff triggered by tariff escalations, China{sin-quite}s stock market rebounded as state-linked funds intervened to stabilize prices. The central bank pledged financial support to sovereign wealth funds for stock purchases. This proactive approach contrasts with the US response, highlighting Beijing{sin-quite}s commitment to managing market volatility amid trade tensions.
Macquarie has recalibrated its Super 6s buy ideas list in its India Strategy in a new note. The brokerage has swapped three global facing names with relatively insulated domestic names to better navigate the current market conditions. This pivot aims to leverage local market strengths, while mitigating global exposure risks, following US President Donald Trump{sin-quite}s global tariff imposition.
In the Nifty50 pack, four stocks{sin-quite} close prices crossed below their 200 DMA (Daily Moving Averages) on April 7, according to stockedge.com{sin-quite}s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock{sin-quite}s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
Infonative Solutions will list shares on the Bombay Stock Exchange SME platform today. The IPO saw decent subscription. Funds will support product development and acquisitions. Starting in 2014, the company expanded rapidly. A key investment in Mindscroll enhanced e-learning solutions. The company offers tailored solutions and content creation. Services cater to diverse sectors across India, the US, and Malaysia.
Spinaroo Commercial{sin-quite}s Rs 11 crore SME IPO received a marginal response, with shares listing on the BSE SME platform at a GMP of 0% over the issue price of Rs 51. The IPO proceeds will be used for working capital and general corporate purposes.
Indian stock markets experienced a significant downturn on Monday, with the Sensex plummeting 2,226.79 points due to global market turmoil triggered by US-China trade tensions. Viral Chheda of SSJ Finance and Securities advises investors on Trent, Hindalco, and Siemens, suggesting a cautious approach amid bearish trends and potential buying opportunities at lower levels for long-term gains.
Gold prices experienced a slight increase on Tuesday, rebounding from a near four-week low, driven by escalating concerns surrounding the global trade war. President Trump{sin-quite}s tariff threats against China and the EU{sin-quite}s proposed counter-tariffs heightened demand for safe-haven assets like gold. Investors are closely watching the U.S.
Gold price in India fell to Rs 87,100 per 10 grams as of 7:05 a.m. on April 8, according to the India Bullion Association, after it touched new highs last week. Rates in New Delhi also declined to Rs 86,790 per 10 grams, according to the association. The price in Mumbai was lower at Rs 86,940. In Kolkata, the rate fell to Rs 86,830. While in Bengaluru, the rate was at Rs 87,010. With the price at Rs 87,190, Chennai continued to see the highest rate in the country.
Sensex Today |Nifty 50 |Stock Market LIVE Updates | Indian benchmark indices, Nifty 50 and Sensex, traded higher on Tuesday, recovering from their steepest single-day drop in 10 months, which was caused by a U.S. tariff-driven selloff that unsettled investors. Broad-based buying was observed across all sectors.
Indian equity markets faced a correction due to global tariff turmoil, hitting yearly lows and increasing market volatility. The India VIX surged by 65% to 22, reflecting heightened market fear. Foreign portfolio investors turned net sellers at Rs 9,040 crore, while the rupee weakened to 85.76 against the US dollar amid economic slowdown concerns.
Indian markets experienced a significant downturn, plummeting nearly 3% due to negative global cues. Tata Motors faces challenges with flat Jaguar Land Rover volumes, while Titan reported a robust 25% Q4 growth. BEL secured a substantial Rs 2,210 crore order, and Adani Ports commenced operations at the Colombo West International Terminal.
Petrol and diesel prices were unchanged on April 8, 2025. Fuel rates are updated at 6 a.m. daily. In Delhi, petrol was priced at Rs 94.77 per litre, while in Mumbai, it stood at Rs 103.50. Chennai recorded Rs 100.80, Kolkata Rs 105.01, and Bangalore Rs 103.50. Hyderabad, Pune, Ahmedabad, Jaipur, and Lucknow also saw retail prices at Rs 107.46, Rs 103.99, Rs 94.49, Rs 104.72, and Rs 94.69 respectively.
Shares in Japan and Australia advanced along with equity-index futures for the S&P 500 and the Nasdaq 100, both gaining more than 1%. Contracts for Hong Kong pointed to losses after a gauge of US-listed Chinese shares fell more than 5% after Trump threatened to slap additional 50% tariffs on China. Treasuries yields and the dollar were steady early Tuesday.
Stocks in China and Hong Kong plunged 7.3% and 13.2%, respectively, as Beijing announced tariff retaliation. Japan tumbled 7.8%, South Korea dropped 5.6% and Taiwan slumped nearly 10%. China and Hong Kong had resumed trading on Monday after a holiday.
It expects investors to see through the short-term volatility and properly appreciate the country{sin-quite}s robust macro-economic fundamentals, especially better medium-term growth prospects, compared to other major economies, he told ET.
According to a report by Prabhudas Lilladher Capital, India exported $2.6 billion of automobiles and ancillaries to the US in FY24. The export of ancillaries at $2.1 billion was 80% of the category export to the US. A report by Crisil highlighted that the US forms a significant 28% of the auto component exports from India.
Almost a dozen venture-backed startups are in different stages of going public in the current financial year. These include Bluestone, Ather Energy, PhysicsWallah, Shadowfax, Zepto, Captain Fresh, Groww, Lenskart, Meesho, OfBusiness, Urban Company and Boat. Bluestone, Ather Energy, Boat and PhysicsWallah have already filed their draft papers with the stock market regulator.
While the VIX is at the highest level in 10 months since the general elections in June, the fear gauge had previously shot up around 64% in August 2015 during the global market turmoil.
A global retreat in crude oil prices to bear territory cushioned the rupee{sin-quite}s fall, as did likely dollar sales by exporters and RBI to help the unit find a floor, traders said.
Technical analysts suggest the Nifty is at a crucial juncture, with 21,700-21,900 acting as a key support. A break below this level could trigger a further decline to 21,200-21,300.
Among the top corporate groups, the Bajaj Group emerged as a rare gainer in 2025. It added Rs 87,000 crore in market value so far this year and has now overtaken the Adani Group to become India’s third-most valuable business house, after Tata and Reliance.
Gold prices in Kolkata experienced a nearly 3% drop, falling to ₹88,401 per 10 gm, triggering a surge in demand from wedding shoppers and bullion investors. Jewelers anticipate a significant increase in sales volume this week, driven by the price correction and upcoming wedding season.
Brokers want the capital markets regulator to reconsider proposed limits on futures and options positions. They warn these limits could reduce trading volumes and liquidity. Brokers suggest combining proposed limits into a single cap and raising it. They also seek fair position limits for proprietary traders and urge reconsideration of how open interest is calculated.
Market Summary The Indian market failed to sustain momentum and closed in the red on Friday, tracking muted global cues. The BSE Sensex declined nearly 200 points, while the Nifty50 managed to close above the 23,500 level.
The Indian government plans to raise Rs 8 lakh crore via bond issuances in H1FY26, alongside Rs 10,000 crore in green bonds. A stable fiscal approach, possible RBI rate cuts, and strong liquidity could lower yields. Market sentiment remains positive as borrowing aligns with expectations.
REITs have made premium real estate investment accessible to retail investors in India. They offer regular income, portfolio diversification, and liquidity while carrying market and distribution risks. Regulated by SEBI, REITs provide an opportunity for stable returns and long-term wealth creation, making them an attractive asset class for investors.
Financial year 2025 was a tough one for automakers. While two-wheeler companies started off the year with double digit growth in the first half, it quickly waned in the second half to a moderate 6-8% growth. Passenger cars and commercial vehicles had a torrid year and March isn’t expected to be very different for the segments. Tractor sales have made a strong revival in last few months, benefitting from positive rural prospects. This is due to good reservoir levels and improvement in crop prices continue to support demand.
April has been a seasonally strong month for Nifty, closing positive in seven of the last ten years. FIIs were net sellers in early 2025, while DIIs remained buyers. FIIs increased long positions in index futures, signaling bullish sentiment. Sector rotation in chemicals, pharma, and FMCG is expected.
Titagarh Rail Systems Ltd., formerly known as Titagarh Wagons, aims to ramp up its production capacity to 12,000 wagons annually, according to Deputy Managing Director Prithish Chowdhary. “Our internal capabilities are fully geared up to produce 12,000 wagons per annum. In FY26, we expect to achieve a run rate of 900 to 1,000 wagons per month,” he told NDTV Profit.
The current valuations of IT stocks are already high, and job creation in the sector will be difficult with the advent of AI, according to Ashwini Agarwal, founder of Demeter Advisors.IT companies will use AI for basic-level coding and testing services, which will help grow revenues but make job creation challenging, he told NDTV Profit.“I am a little bit worried about IT because...
The initial knee-jerk reaction to US tariff announcements are over now. Market participants are becoming familiar with the unpredictability and surprising nature of tariff announcements, said Abhay Agarwal, founder and managing director, Piper Serica Advisors. They are more focussed on assessing the probable impact of tariffs in specific sectors, he added.
Engineering consultancy company Engineers India Ltd. is targeting a revenue growth of 25% in the financial year ending March 2026, according to its Chairman and Managing Director Vartika Shukla. The company, which operates in the petrochemicals, pipelines, and oil and gas sectors, expects to maintain an Ebitda margin in the range of 13% to 14% for the current and the next financial year respectively.
The Investment Friendliness Index, introduced in Union Budget 2025, aims to boost competitive federalism by ranking Indian states based on investment potential. It evaluates factors like infrastructure, taxation, and business ease to attract domestic and foreign investors. While promising growth, challenges remain in data accuracy and state-level reforms.
Welcome to a new week, and a new edition of {sin-quite}Open Interest{sin-quite}, where we declutter market trends for you. Flavour of the week: quick commerce. Consumer patterns have changed drastically in favour of the recent crop of {sin-quite}10-minute delivery{sin-quite} platforms. But the picture is not entirely rosy.Q-commerce players continue to struggle with cash burn and elusive profitability, among a long list of hurdles.
The Indian stock market remained closed on Monday for Eid al-Fitr 2025. On Friday, Sensex and Nifty ended lower due to weakness in auto and IT stocks, amid investor caution over upcoming US tariffs. However, foreign inflows and hopes of domestic growth recovery fueled intraday volatility.
A recent survey conducted by Blind, an anonymous professional community app, has unveiled a stark picture of overwork and burnout plaguing India’s IT sector. The survey, carried out from March 12–19, 2025, among 1,450 verified IT professionals, found that 72% of respondents routinely exceed the 48-hour workweek limit. Shockingly, one in four professionals logs 70 or more hours weekly, contributing to an alarming burnout rate of 83%.
In FY25, 58 equity mutual funds delivered double-digit returns, while 242 out of 268 posted gains. However, 26 funds recorded negative returns, eroding investors’ wealth on lump sum investments. This highlights the importance of fund selection in market fluctuations.
Deepak Fertilisers & Petrochemicals Corp.{sin-quite} subsidiary, Mahadhan AgriTech Ltd., received a tax demand notice of Rs 252.52 crore from the income tax authority of Mumbai for the assessment years 2015-16 and 2016-17. The company has filed an appeal with the Income Tax Appellate Tribunal or ITAT, demanding to quash the penalty order dated March 28, according to an exchange filing on Sunday. It also claims that the order has no material impact on financials, operations or other activities of the firm.
Japan{sin-quite}s Nikkei share average closed near an eight-month low on Monday, following sharp losses on Wall Street in the previous session, as investors assessed the risk of imminent U.S. trade tariffs.
In a significant change to regulations, oil and gas regulator PNGRB has proposed a new policy of how tariffs for pipelines carrying gas to users will be determined, and proposed charging city gas entities selling compressed natural gas and piped cooking gas to households at the lowest rates.
Bengaluru India’s coffee production for the crop year ending in March 2025 is likely to be 3.52 lakh metric tonnes, while the yield for next year is expected to be much higher than last two years’ yield as most plantations have already received adequate blossom showers helping a healthy berry setting, said Coffee Board CEO and Secretary, K.G Jagadeesha.
Suven Pharmaceuticals is on track to achieve its ambitious $1-billion revenue target by 2030, driven by the rapid growth of its contract development and manufacturing organisation or CDMO segment, according to the company{sin-quite}s Executive Chairman Vivek Sharma.
Steel pipe manufacturer Man Industries Ltd. is eyeing a strong growth trajectory despite challenging times during the financial year ending March 2025. The company expects a 30-35% rise in revenue from its existing facilities in the next financial year, with the momentum continuing into 2026-27, where growth could touch 40%, according to Managing Director Nikhil Mansukhani.
Overseas investors purchased nearly $4 billion in Indian financial assets during the last days of FY25. This caused the rupee to appreciate significantly and sovereign bond yields to drop. Experts predict further appreciation and lower borrowing costs in the future as investors continue to show interest in Indian assets.
Life Insurance Corporation of India has become the top investor in the share sales of UCO Bank, Central Bank of India, Indian Overseas Bank, and Punjab & Sind Bank. These banks collectively raised ₹6,155 crore. Other investors include SBI Life Insurance, ICICI Prudential Life Insurance, IIFL Finance, pension funds, and state-owned banks.
Shares of BSE surged 18% as Sebi{sin-quite}s move to limit derivatives expiry eased competition concerns from NSE. NSE deferred its plan to change the derivatives expiry day, alleviating fears of BSE{sin-quite}s market share loss. BSE shares ended 16.1% higher at ₹5,479.8.
AU Small Finance Bank has secured ₹770 crore by selling tier-II bonds at a 9.20% annual coupon rate. The significant investors include HDFC Bank and Nippon India Mutual Fund. The raised funds will boost the bank{sin-quite}s capital adequacy ratio by 1%, enhancing its capacity to offer digital banking services nationwide.
India{sin-quite}s foreign exchange reserves rose by $4.53 billion in the week ending March 21, reaching $658.8 billion. The Reserve Bank of India bought dollars regularly as the rupee appreciated. The reserves had peaked at $705 billion in September. However, valuation gains in April-December 2024 were significantly lower, and reserves decreased by $13.8 billion in the same period.
Goldman Sachs lowered price targets for IT stocks by 3% to 32% due to reduced US revenue growth forecasts. LTIMindtree was downgraded to {sin-quite}Neutral{sin-quite}, while Tata Consultancy Services remains better positioned. Wipro and Tech Mahindra may face more significant challenges. Discretionary spending recovery could be further delayed, potentially affecting project scopes and IT spending.
Sebi is considering limiting the expiries of all contracts on Indian bourses to Tuesdays or Thursdays to reduce market uncertainty. This follows BSE and NSE moving expiry days in a bid to gain market share in the equity derivatives segment. Sebi{sin-quite}s proposal aims to promote predictability and manage excessive retail participation in the derivatives market.
As the summer season approaches, the demand for air conditioners typically spikes, but manufacturers have been grappling with delays in the procurement of critical raw materials. Companies, including Voltas, Blue Star and Godrej Appliances, are concerned about a potential shortage of components due to supply chain disruptions, particularly with key materials sourced from China.
Gold prices hit a record high as global shares fell due to concerns over U.S. tariffs. The Dow, S&P 500, and Nasdaq saw significant declines. Inflation and geopolitical tensions are driving investors towards safe-haven assets. U.S. Treasury yields and the dollar weakened, while oil prices remained flat amid supply concerns and the impact of tariffs on the global economy.
The dollar fell on Friday due to growth concerns and uncertainty ahead of President Trump{sin-quite}s planned tariff announcement. The yen strengthened as stocks plummeted and Treasury yields dropped. Core inflation and consumer spending in the U.S. showed significant changes, while European economic data also influenced market movements.
European stocks fell as U.S. inflation data raised concerns, exacerbated by new tariffs from President Trump. The pan-European STOXX 600 index dropped 0.7% on Friday and 1.4% for the week, its worst since mid-December. German unemployment increased, while below-forecast inflation in Spain and France spurred ECB rate cut bets. Deutsche Bank and Ubisoft also faced notable declines.
Oil prices fell on Friday due to fears of a U.S.-led global recession but rose for the third straight week amid increased U.S. pressure on OPEC members Venezuela and Iran. Trump{sin-quite}s new tariffs and U.S. sanctions on Iran and Venezuela are reshaping oil supply expectations, potentially tightening the market.
Four companies—Park Hospital, Ardee Engineering, SIS Cash Service, and Pace Digitek—have filed draft IPO papers with Sebi. They plan to raise funds for expansion, debt repayment, and acquisitions, with offerings ranging from Rs 100 crore to Rs 1,260 crore.
Arkade Developers plans to launch four projects in the financial year ending March 2026, expanding its total development pipeline to Rs 12,000 crore. Chairman Amit Jain told NDTV Profit that the company aims to complete these projects within five years.
NSE has increased the lot sizes for Bank Nifty and Nifty Midcap Select derivatives to 35 and 140, respectively, effective April 25, 2025. Existing contracts remain unchanged, while other index derivatives retain their current lot sizes per SEBI guidelines.
Several stocks in the Nifty Microcap250 index are expected to deliver strong returns over the next 12 months, according to analyst estimates compiled by Trendlyne. Senco Gold, Rajesh Exports, KPI Green Energy, and Spandana Sphoorty are among the top picks, with potential upsides exceeding 100%.
The Indian equity market rebounded after a 16% correction, highlighting sectoral rotation trends. Defensive sectors offer stability, while cyclical sectors like IT, Realty, and Metals follow performance patterns. Understanding sectoral trends helps investors navigate volatility and optimize portfolio positioning.
MTAR Technologies Ltd. aims to clock a 30% year-on-year revenue growth over the next three years, with the Ebitda margin expected to range between 24% and 28%, according to Managing Director Parvat Srinivas Reddy. The precision engineering firm has seen a strong performance trend in the fourth quarter of the current financial year and expects to sustain this momentum into the next fiscal, Reddy said in an interview with NDTV Profit on Monday.
ICICI Securities maintains a buy call on Jindal Stainless with a revised target price of Rs 760. The company, reporting strong quarterly earnings with a total income of Rs 10,006.41 crores and net profit of Rs 668.78 crores, faces a delay in downstream capacity ramp-ups.
The Nifty Auto index dropped by 1.6%, trading at 21,385, with 14 stocks in the red and just one stock in the green. Bharat Forge, Ashok Leyland, Balkrishna Industries, Eicher Motors, Bajaj Auto, Apollo Tyres, MRF, TVS Motor Company, Mahindra & Mahindra, Maruti Suzuki, and Hero MotoCorp saw declines ranging from 3% to 0.2%. Exide Industries showed a slight increase in early trading.
Ashok Leyland Ltd. has initiated a consultation process with employees that could result in a cessation of manufacturing and assembly operation of Switch UK, an EV-focused stepdown subsidiary of the auto major. Analysts see this as a positive strategic move and are also bullish on the company{sin-quite}s Indian EV operations.
There will be sectors and pockets which will get adversely impacted if all-out tariff war breaks out in the world, even if India escapes world economies slowing down will have a negative impact on India. But fundamentally, India is doing things right. Indian inflation is coming down and that gives RBI scope to reduce interest rates, which should help the markets.
As the market rebounds with a winning streak after slipping 10% in the last six months owing to geopolitical conditions and US President Donald Trump{sin-quite}s protectionist trade policies which have rattled investor sentiment across the world, here is a dose of optimism on the table with a list of stocks that are showing promise.
JB Chemicals fell 7.4% as 90 lakh shares changed hands in a block deal, with KKR reportedly selling a 5.78% stake. The offer price was Rs 1,625 per share. The stock has declined 14.84% YTD but showed recent recovery.
Geojit Financial Services has issued a buy call on Suzlon Energy, targeting a price of Rs 71 from its current Rs 57.58. The company{sin-quite}s revenue grew 91.27% year-on-year for Q3 FY25, reaching Rs 3002.36 crore. Suzlon{sin-quite}s PAT is projected to grow at a 30% CAGR through FY27, with strong order inflows anticipated.
The Reserve Bank on Wednesday (March 26, 2025) said it has imposed penalties on HDFC Bank and Punjab & Sind Bank for deficiencies in regulatory compliance.
Several brokerages have upgraded the target prices of various stocks over the past month. According to Trendlyne data, Bharti Airtel, Manappuram Finance, DLF, Federal Bank, and Jubilant Foodworks have received up to three analysts{sin-quite} target price upgrades in the last month.
Shares of Tata Motors Ltd., Samvardhana Motherson International Ltd., Sona BLW Precision Forgings Ltd. and Bharat Forge Ltd. declined in early trade on Thursday after US President Donald Trump announced 25% tariffs on auto imports starting April 2. These companies have significant exposure to the US market.
The IPO market has slowed down in the short term due to market volatility, with many companies postponing listings. However, experts predict a rebound in FY26, forecasting IPO fundraising to exceed Rs 2 lakh crore. Marquee IPOs like Reliance Jio, LG Electronics, and NSE are set to dominate, but companies will need to focus on realistic valuations and strong fundamentals.
JB Chemicals And Pharmaceuticals Ltd.{sin-quite}s shares fell nearly 8% on Thursday as 9 million or 5.78% of shares changed hands in a block deal. Tau Investments Holdings Pte., the promoter of JB Chemicals & Pharmaceuticals, had plans to sell up to 15.9 million shares in a block deal valued at Rs 2,576 crore, NDTV Profit had reported on Wednesday. Sources earlier said that 10.2% equity would be sold by the promoter at a price of Rs 1,625 apiece, reflecting a 5% discount in comparison to the current market price. The company{sin-quite}s market cap at the end of Wednesday{sin-quite}s trading session was at Rs 26,518 crore.
Indian government bond prices extended their upward trend on Thursday, with the benchmark bond yields hovering near a 38-month low, amid heightened expectations of an aggressive policy easing by the domestic central bank in fiscal 2026. Market participants are awaiting the government{sin-quite}s borrowing plan for the next six months due later in the day.
Indian pharmaceutical stocks fell up to 3% on the BSE on Thursday amid fears of tariffs by US President Donald Trump, with a fresh setback from the announcements in the auto sector having a rub-off impact. Shares of Aurobindo Pharmaceuticals fell 2% to their day’s low of Rs 1,132.75 while those of Ipca Laboratories went down by 2.7% to Rs 1,403.95. Sun Pharmaceuticals and Dr Reddy’s Laboratories shares tumbled 1.7% each and Ajanta Pharma shares slid by 2.5%.
Samvardhana Motherson International Ltd.{sin-quite}s growth may double in the next three years, CLSA said, adding the original equipment manufacturer has been delivering steady execution in adverse market conditions. The estimate is build on the 2.5 times asset turnover and 3.5% profit after tax margin. The brokerage maintained {sin-quite}outperform{sin-quite} rating on the stock with a target price of Rs 167 apiece, which implied a 23.77% upside from Wednesday{sin-quite}s closing price.
Benchmark NSE Nifty index rose 92.16 points to 23579.0 amid buying in frontline bluechip stocks. However, stocks such as Kesoram Inds., Nxtdigital, Suvidhaa Infoserve, Impex Ferro Tech and Premier Ltd, touched their fresh 52-week low. Overall, 33 shares traded in the green in Nifty50 index, while 17 traded in the red. In the Nifty 50 index, Hero MotoCorp, L&T, HDFC Life, Power Grid and Trent were among top gainers, while Tata Motors, Sun Pharma, Dr. Reddys, HUL and M&M traded in the red.
India{sin-quite}s credit growth is beginning to show signs of revival after several quarters of muted expansion, according to Ashish Mehrotra, chief executive officer of Northern Arc Capital Ltd. However, a massive gap between credit demand and supply remains a key challenge, particularly for the micro, small and medium enterprises, consumers and rural finance, he told NDTV Profit on the sidelines of Motilal Oswal{sin-quite}s 11th Ideation Conference.
The rupee depreciated 24 paise to 85.93 against the U.S. dollar in early trade on Thursday (March 27, 2025), as U.S. President Donald Trump{sin-quite}s tariff policies reignited fears of a global trade war, fuelling inflation concerns and causing ripple effects across currency markets.
BSE shares surged nearly 6%, hitting the day{sin-quite}s high of Rs 4,730.30 on the NSE after the exchange announced that its board of directors would meet on March 30 to consider and approve a proposal to issue bonus shares. This could mark the stock exchange operator{sin-quite}s second bonus issue in three years.
How are things, how are markets looking? Chakri Lokapriya: The markets have recovered clearly in the last week or so and with the, again the latest round of tariff noise, there is some amount of profit booking.
The Union government has introduced a mandatory weekly wheat stock reporting requirement for traders, wholesalers, retailers and processors from all states and Union territories, starting April 1, as part of a comprehensive strategy to manage food security and prevent speculation in the market.
Macrotech Developers Ltd.(up 1.98 per cent), Prestige Estates Projects Ltd.(up 0.73 per cent), Mahindra Lifespace Developers Ltd.(up 0.7 per cent), Sobha Ltd.(up 0.58 per cent) and Brigade Enterprises Ltd.(up 0.52 per cent) were among the top gainers.
Shares of food delivery giant Zomato and Mukesh Ambani-backed Jio Financial Services will be added to the benchmark Nifty 50 on Thursday as part of the semi-annual rebalancing by Nifty Indices, bringing in a passive inflow of $544 million and $278 million, respectively, according to JM Financial.
India’s central bank is set to meet lenders next week to discuss changes in its liquidity management framework so that borrowing costs are better anchored to the policy rate, according to people familiar with the developments.
Trump on Wednesday announced imposition of 25% tariffs on auto imports from April with another 25% tariffs expected to be applied on imports of major automotive parts — engines and engine parts, transmissions and powertrain parts, and electrical components by May.
Even as Ashok Leyland Ltd. has announced that its electric vehicles business, Switch UK, is consulting for closure of its manufacturing, the India arm is expected to see an up shift and head towards becoming Ebitda breakeven in the upcoming financial year (FY26).
Stock market benchmark indices rebounded in early trade on Thursday (March 27, 2025) after falling sharply in the previous session as continuous foreign fund inflows and buying in blue-chip Reliance Industries supported the recovery in equities.
United Spirits Ltd.{sin-quite}s board approved interim dividend of Rs 4 per share, with a face value of Rs 2 for the financial year 2025 in the board meeting on Thursday. The record date to determine the eligibility of shareholders is April 3. United Spirits will pay the interim dividend on April 21, the company said in the exchange filing
Apple Inc.’s Chief Executive Officer Tim Cook visited China’s artificial intelligence hub of Hangzhou, the home of AI sensation DeepSeek which shocked the world with its models built at a fraction of the cost of American rivals. Cook met with “the next generation of developers” at the city’s elite Zhejiang University on Wednesday, he said in a post on his official Weibo account.
Shares of Max Financial Services rose 2.5% in early trade to their day’s high of Rs 1,145.80 on the BSE on Thursday after a large block deal involving 35.8 lakh shares worth Rs 399 crore took place at Rs 1,112 per share.
Global brokerage firm Goldman Sachs has released a list of top stock picks with an average upside potential of 23%, as per a report cited by ETNow. The brokerage believes these companies are well-positioned to benefit from sectoral momentum and strong earnings visibility over the next 12 months.
The combined market capitalisation of Adani Group stocks has plunged 21%, or Rs 3.4 lakh crore, in FY25 YoY, experiencing a turbulent year as investors turned cautious amid broader market volatility and regulatory concerns. Shares of Adani Green Energy have been the hardest hit, with nearly half of their market capitalisation wiped out this year, followed by Adani Enterprises.
"We tend to look at Delhi real estate slightly differently versus Bombay real estate versus Bangalore real estate. We do suspect some amount of higher investor traction in the north versus other parts of the country," says Prateek Agrawal, Motilal Oswal AMC.
Shares of Jindal Stainless fell as much as 4.3% on Monday to Rs 598.80 on the BSE after brokerage Nuvama Institutional Equities cut its target price on the stock, citing near-term earnings weakness driven by soft exports and elevated imports.
The recent fall in foreign fund outflows from domestic equity markets has reversed sentiment among investors, according to Ajay Srivastava, managing director, Dimensions Consulting Pvt. The selling from the foreign institutional investors impacted the markets, as fundamentals remained broadly unchanged, he explained. FII selling will likely remain a key factor to watch out for in the near term for
Bitcoin and major cryptocurrencies extended their gains on Monday as investor sentiment remained bullish despite looming US tariff concerns and key economic data releases later this week.
Bitcoin and major cryptocurrencies extended their gains on Monday as investor sentiment remained bullish despite looming US tariff concerns and key economic data releases later this week.
Indian benchmark indexes kicked off the week on a positive note, driven by banks and energy companies, setting them on course for a sixth consecutive session of gains. Meanwhile, four stocks from the Nifty50 index hit fresh 52-week highs and lows. Here{sin-quite}s the list:
Housing sales across India’s top nine cities dropped 23% in the January–March quarter over last year, as high prices and a slowing economy are making buyers cautious, according to a report by real estate data firm PropEquity. Sales during the quarter were 1,05,791 units; only Bengaluru and the National Capital Region defied the downtrend with a 10% increase. Poor demand has led to a 34% drop in n
Shares of Indian Renewable Energy Development Agency Ltd. rose over 8% on Monday to hit near one-month-high due to a strong spike in trading volumes. This marked the second consecutive day of major gains for Ireda{sin-quite}s stock, after it rose over 3% on Friday. The scrip has risen by 12.55% over the past week and by 20% over the last six sessions. The non-banking financial company last week launched i
J Kumar Infraprojects Ltd. on Monday announced it has secured an order to design and contruct a coastal road in Navi Mumbai for Rs 1,020 crore. The company received the letter of acceptance from City and Industrial Development Corporation of Maharashtra Ltd. for the project. It involves design and construction of coastal road from "Jalmarg Sector-16, Kharghar to PMAY Housing scheme near Kharghar
Gold was steady — after two days of declines — as economic and geopolitical risks supported haven demand, despite signs that the next wave of US tariffs may be more targeted than expected. Bullion traded around $3,022 an ounce, near a record high reached on Thursday. President Donald Trump’s so-called reciprocal tariffs are likely to be less punitive than he had earlier threatened. The White Hous
Shares of Kotak Mahindra Bank surged as much as 3.8% on Monday to a 52-week high of Rs 2,162.90 on the BSE. The rally came after the private lender announced key leadership changes, including the appointment of a new chief technology officer, aimed at strengthening its senior management team.
Shares of GAIL (India) and Gujarat State Petronet Ltd (GSPL) surged by up to 7% on Monday following a positive development in the gas sector. The stocks gained momentum after several brokerages expressed optimism regarding the latest amendments proposed by the Petroleum and Natural Gas Regulatory Board (PNGRB), viewing them favorably.
The combined market capitalisation of Adani Group stocks has plunged 21%, or Rs 3.4 lakh crore, in FY25 YoY, experiencing a turbulent year as investors turned cautious amid broader market volatility and regulatory concerns. Shares of Adani Green Energy have been the hardest hit, with nearly half of their market capitalisation wiped out this year, followed by Adani Enterprises.
National Stock Exchange of India Ltd. will begin settling trades of its unlisted shares via a designated depository on Monday, shortening the process of buying or selling the stock. Central Depository Services India Ltd. will be employed for that purpose, the NSE said in a statement on its website on Friday.
Precious metals witnessed heavy profit booking from higher levels. Gold April futures contracts at MCX on Monady opened flat at Rs 87,763, slightly lower by Rs 15 or 0.02%. Silver May futures contracts also opened flat today at Rs 97,860, down by Rs 24 or 0.02%.
Vodafone Idea (Vi) shares are expected to be in focus on Monday, following an appeal by the company’s CEO, Akshaya Moondra, to the Department of Telecommunications (DoT) secretary, Neeraj Mittal, for an urgent approval for the equity conversion of the telco’s upcoming adjusted gross revenue (AGR) and spectrum purchase dues from 2012, 2014, 2015, and 2016 auctions, as the financially strained company prepares for a surge in regulatory payments.
Stay updated with the Tata Motors Stock Liveblog, your one-stop destination for real-time information and analysis of a leading stock. Explore the latest updates on Tata Motors stock, including: Last traded price 694.25, Market capitalization: 255414.85, Volume: 2426313, Price-to-earnings ratio 8.03, Earnings per share 86.3. Our liveblog combines fundamental and technical insights to offer a comprehensive
In the Nifty200 pack, four stocks{sin-quite} close prices crossed above their 200 DMA (Daily Moving Averages) on March 20, according to stockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Ola Electric Mobility shares surged 6% to Rs 54.71 on BSE today after the company addressed recent media reports on its February 2025 sales figures, attributing discrepancies to a temporary registration backlog and rejecting claims of regulatory issues.
In the Nifty500 pack, we have collated a list of three stocks that witnessed a 5-year swing high at the close on March 20, suggesting bullishness in counters, according to stockedge.com{sin-quite}s technical scan data.
V Srivatsa, Fund Manager- Executive Vice President, UTI AMC, says whatever fall has happened in the last six months, most of the negatives are captured. We may not recover immediately, but we are in a period of consolidation and the next move would be seen one or two quarters down the line when there is more earnings clarity on the next year{sin-quite}s earnings.
Defence stocks surged up to 6% on Friday after the Defence Acquisition Council (DAC) granted Acceptance of Necessity (AoNs) for eight capital acquisition proposals worth over Rs 54,000 crore. These approvals, aimed at strengthening the Indian Armed Forces, include key procurements for the Army, Navy, and Air Force.
Rajeev Jain{sin-quite}s continuity in Bajaj Finance Ltd.{sin-quite}s senior leadership should improve investor confidence and sentiment and end the long-standing uncertainty, according to analysts. India{sin-quite}s most valuable non-bank finance company on Thursday appointed Jain as vice chairman and Anup Kumar Saha as managing director, effective April 1 for a period of three years.
Apple is shaking up its executive ranks to get its AI efforts back on track after months of delays, Bloomberg News reported on Thursday citing people familiar with the situation.
AU Small Finance Bank Ltd. has issued a statement to address recent rumours regarding the resignation of its Chief Financial Officer (CFO) and the conduct of a special audit by the Reserve Bank of India (RBI). The bank denied these rumours, emphasising that they are baseless and intended to cause panic among shareholders and manipulate the stock price.
The ‘March effect’ is taking over Dalal Street, breaking a five-month spell of losses and breathing life back into Indian equities. The Nifty 50 is poised to break its longest losing monthly streak in years, while the Sensex has soared 4% in March, adding 2,500 points in just four trading sessions. This aligns with a decade-long pattern, where Nifty has ended March in positive territory seven times, reinforcing the month’s strong
Jio Financial Services shares will remain in focus on Friday after reports that Reliance Group-owned Jio Financial Services has reached a preliminary agreement with Germany’s Allianz SE to establish an insurance venture in India, Bloomberg News reported, citing sources familiar with the matter.
Japan{sin-quite}s Topix index climbed to an eight-month high on Friday, as financials gained following stronger-than-expected inflation data, which fuelled expectations for interest rate hikes by the Bank of Japan.
Several analysts have provided their top stock picks, highlighting opportunities for investors this Friday. Brijesh Ail, head of technical and derivatives, retail research at IDBI Capital, recommends buying HDFC Life, Bharti Airtel, and ICICI Prudential. While, Gaurav Sharma, associate VP and head of research (equity, commodity and currency) at Globe Capital has a buy call on Coal India Ltd. and
Gurmeet Chadha, CIO & Managing Partner, Complete Circle Consultants, says despite the fall, Polycab still trades about 30-35 times forward. But Chadha thinks it is a bit of an overreaction. Also, earlier when UltraTech came, the stock corrected and we saw a bit of a recovery. With Adanis entering the fray, there has been another correction. The cable and wire business is very different from the cement industry which saw a similar disruption?
Nuvama has initiated a {sin-quite}Buy{sin-quite} rating on Waaree Energies Ltd. with a target price of Rs 2,805, citing the company’s strong growth potential in the renewable energy sector, particularly in solar and green hydrogen. Waaree{sin-quite}s aggressive plans for backward integration and its ability to tap into emerging energy segments set the stage for substantial earnings growth in the coming years, the brokerage sa
On March 20, the closing prices of three stocks in the Nifty500 pack rallied about 2% relative to the VWAP (Volume Weighted Average Price). A shift above the VWAP suggests a potential bullish trend, according to StockEdge.com{sin-quite}s technical scan data.
Reliance Industries Limited (RIL) shares jumped 1.25% in Friday{sin-quite}s early trade to their day’s high of Rs 1,284.50 on the BSE, March 21, after the conglomerate announced that its subsidiary Reliance Strategic Business Ventures (RSBVL) acquired a 100% stake in Nauyaan Tradings Private Limited (NTPL) for a mere consideration of Rs 1 lakh.
Hero Motocorp shares are set to remain in focus on Friday, March 21, after the company announced that it has made a strategic investment of up to Rs 525 crores (in one or more tranches), in Euler Motors. This move aims to provide Hero MotoCorp with a strong foothold in the fast-growing electric three-wheeler market.
ICICI Securities has maintained its Add call on Pidilite Industries with a lowered target price of Rs 3,123 (earlier Rs 3,215). The current market price of Pidilite is Rs 2745.85. Pidilite Industries, incorporated in 1969, is a Large Cap company with a market cap of Rs 139819.17 crore, operating in Diversified sector.
Despite a nascent recovery in Indian markets, it{sin-quite}s important to highlight that foreign institutional investors (FIIs) have kept up their selling trend in the first two weeks of March. However, this was followed by an emphatic consensus that the sell-off is slowing, something which Indian investors can hang on to. With a little bit of help from the Fed, analysts say the trend could even reverse.
The rupee extended its gaining streak against the US Dollar to a full week in seven consecutive sessions on Friday. Rupee strengthened by 14 paise to open at 86.22 against US Dollar. The local currency strengthened 7 paise to end at 86.37, after trading in the range of 86.20-86.41 on Thursday. Technically, there is a gap support at 86.20, according to India Forex And Asset Management Pvt.
As many hospitals are planning to double their capacity over the next three to five years, Shibani Kurian, Head - Equity Research and Fund Manager, Kotak Mahindra AMC, estimates that the growth of hospital companies will outpace that of diagnostics and pharmaceutical companies.
As far as other two-wheelers are concerned, by and large, they are doing reasonably well. We have to keep focusing from long-term on Bajaj. I do not see much of a problem there," says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital.
Low PE stocks, often seen as value picks, are favored for long-term investment. According to Trendlyne data, TCS, Infosys, SBI, ITC, Sun Pharma, LIC, and NTPC are trading at lower PE ratios than their industry averages. Despite being from different sectors, these BSE Large-Cap index stocks have the potential to gain up to 38%, as per Trendlyne.
Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Ltd (RIL) has acquired 100% equity stake in Nauyaan Tradings Private Limited (NTPL) for an aggregate consideration of ₹1,00,000 from Welspun Tradings Limited, a wholly owned subsidiary of Welspun Corp Limited (WCL).
Axis Securities has a buy call on Prestige Estates Projects with a target price of Rs 1,820. The current market price of Prestige Estates is Rs 1,201.85. Prestige Estates Projects, incorporated in 1997, is a Mid Cap company with a market cap of Rs 52038.67 crore, operating in the Real Estate sector. Prestige Estates Projects{sin-quite} key products/revenue segments include Income from Sale of Commercial Flats, Shops & Plots, Property Development, Other Services, Sale of services, Project Management Fees and Other Operating Revenue for the year ending 31-Mar-2024.
JM Financial has a buy call on Tata Communications with a target price of Rs 2,030. The current market price of Tata Communications Ltd. is Rs 1597.65. Tata Communications, incorporated in 1986, is a Mid Cap company with a market cap of Rs 45014.33 crore, operating in the telecommunications sector.
Indian equity indices opened in the red on Friday, snapping a four-session gaining streak, dragged by IT stocks amid concerns over discretionary spending in the U.S.
Rail Vikas Nigam Limited (RVNL) shares gained 2.4% to the day{sin-quite}s high of Rs 366 in Friday{sin-quite}s early trade after the company announced securing a contract worth Rs 554.64 crore from the National Highways Authority of India (NHAI).
The Indian IT sector is facing a challenging day on Friday, with all major stocks trading in the red as Accenture{sin-quite}s guidance after the results turned investor sentiment negative. The sector, which has been in a correction zone since its peak in December, saw significant declines across the board.
Wall Street rallied sharply and Treasury yields fell on Wednesday as investors bet that the Federal Reserve will look through rising price pressures and continue cutting interest rates this year, after new projections showed that officials now expect lower growth and higher inflation.
Indian market closed in the green on Wednesday tracking positive global cues. The BSE Sensex rose more than 100 points while the Nifty50 closed above 22,900 levels.
NHPC shares rose 2% in early trade to Rs 81.69 on the BSE on Thursday after the company{sin-quite}s board approved a borrowing plan to raise up to Rs 6,300 crore in debt for the financial year 2025–26.
Rakshit Ranjan, Portfolio Manager, Marcellus Investment Managers, says in the last 8 to 10 months, they have started taking more rural exposure given that area of the economy is likely to do better. Marcellus has increased exposure to healthcare through hospitals and diagnostics. They have also increased exposure to industries where large unorganised to organised potential exists along with company-specific strengths. Finally, a high exposure to exports of products and services based on IP, is where they have increased exposure. Marcellus has also retained high quality financials, including lenders and insurers in the broader portfolio.
In the Nifty200 pack, five stocks{sin-quite} close prices crossed above their 200 DMA (Daily Moving Averages) on March 19, according to stockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Dhananjay Sinha, Co Head of Equities and Head-Research, Systematix Group, says RBI has pushed in a lot of liquidity through OMO purchases, the rupee-dollar swap to infuse liquidity, and CRR cuts since December. The pressure on the market has eased and there is a certain buoyancy, at least sentimentally. After a severe correction, it is creating buoyancy. It has to be seen whether this translates into a fundamental up cycle from an earning standpoint. That, Sinha thinks, is a few months away, but in the interim, the sentiment is positive and some of the depressed sectors, especially the financial sector is responding quite positively.
Leading market analysts have shared their top stock picks for Thursday, highlighting opportunities for investors to capitalise on. Recommendations come from Rajesh Palviya, SVP - Technical and Derivatives Research at Axis Securities; Chandan Taparia, Head - Technical & Derivatives Research at MOFSL; and Sarvendra Srivastava, Market Strategist at 5wavesofficial.
Amid increasing market volatility and uncertain demand conditions, investors are shifting their focus back to companies demonstrating consistent financial growth. A key indicator of strong business momentum is the ability of a company to surpass its previous fiscal year’s revenue and net profit performance within the first nine months of the current financial year.
Polycab Share Price Performance Over the past year, Polycab India shares have gained 4.90%, but on a year-to-date (YTD) basis, they have declined by 32.37%. In the last six months, the stock dropped 24.28%, while over the past three months, it fell 30.85%. In the last month alone, the stock recorded a sharp decline of 13.68%.
The benchmark stock indices on Wednesday ended higher for the third consecutive day amid correction. Citi Research maintained its bullish view on Indian equities as it added Cholamandalam Investment And Finance Co. and Zomato Ltd. to its top picks, while removing Hindustan Unilever Ltd. from the list.
“Our portfolio is structured into two parts: India and macro. In India, our biggest position was in large private banks, which did not drop in February. In fact, they were up marginally,” says Ashwin Agarwal, Director, Fund Manager, Wave Asset Private Limited.
Shares of Transrail Lighting rallied 3% to their intraday high of Rs 521.85 on the BSE on Thursday after the company announced that it secured new orders worth Rs 1,647 crore in the power transmission and distribution, and railway sectors.
Shares of Indian Renewable Energy Development Agency (IREDA) surged 1.9% to an intraday high of Rs 154.85 on the BSE on Thursday after the company launched its first issue of perpetual bonds to raise Rs 1,247 crore. The bonds carry an annual coupon rate of 8.4%, strengthening IREDA’s financial position.
The rupee extended its gaining streak against the US Dollar to sixth consecutive session on Thursday, after the US Federal Reserve maintained the interest rates. The rupee strengthened by 24 paise to open at 86.40 against US Dollar. The US Fed kept the rates unchanged as expected and the median dot plot indicated two cuts this year.
The Indian market is likely to trade higher on Thursday, tracking positive global cues. The Nifty futures closed positive with gains of 0.32%, ending at 22,969 levels on Wednesday. India VIX rose 0.6%, closing at 13.30 on Wednesday.
Indian benchmark indices, Nifty50 and Sensex, opened higher for the fourth straight session on Thursday, driven by gains in banking, auto, and IT stocks. The rally comes as the US Federal Reserve maintained its rate-cut projections for the year despite ongoing tariff concerns.
JM Financial has a buy call on Bharat Heavy Electricals with a target price of Rs 358. The current market price of BHEL is Rs 205.45. Bharat Heavy Electricals, incorporated in 1964, is a Mid Cap company with a market cap of Rs 71518.10 crore, operating in Engineering sector Read more at: https://economictimes.indiatimes.com/markets/stocks/recos/buy-bhel-target-price-rs-358-jm-financial/articleshow/119192368.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
ICICI Securities has a buy call on Grasim Industries with a target price of Rs 3,093. The current market price of Grasim is Rs 2450.55. Grasim Industries, incorporated in 1947, is a Large Cap company with a market cap of Rs 166626.54 crore, operating in Diversified sector.
IT sector advanced 2% on Thursday, mirroring the tech-led surge on Wall Street where the Nasdaq Composite jumped 1.41% overnight after the U.S. Federal Reserve decided to maintain its outlook for two rate cuts this year, and downplayed concerns over mounting tariff threats from President Donald Trump.
KEI Industries, Praxis Home Retail, Spacenet Enterprise, Kesoram Inds. and Prabha Energy and others were among the stocks that touched their 52-week lows as of 10:14AM(IST)in Thursday{sin-quite}s session.
Touch wood to the market rebound. It has been pretty steady the last three days and seems like we are headed in for some more of a push today. What do you think is going to actually chug along the market higher because in the last three days, one has seen very distinctive moves. You cannot really pinpoint one particular sectoral leadership other than perhaps NBFCs. Hemang Jani: It is a good thing because having seen a big grind over the last four months, what ..
The Rupee appreciated 12 paise to 86.25 against the U.S. dollar in early trade on Thursday (March 20, 2025), tracking positive domestic equities and the weakness of the American currency in the overseas market.
NCC shares jumped 6% to Rs 208.6 in Thursday’s trade on BSE after securing an infrastructure development contract worth Rs 2,129.60 crore (excluding GST) from the Andhra Pradesh Capital Region Development Authority (APCRDA).
Several stocks plunged in excess of 5 per cent in Mumbai trading on Thursday even as equity benchmark BSE Sensex traded 418.84 points up at 75867.89 amid brisk buying in frontline bluechip counters.
Shares of Garden Reach Shipbuilders & Engineers (GRSE) climbed as much as 6.4% on Thursday to Rs 1,746.1 on the BSE after the defence firm signed a memorandum of understanding with the Public Works Department (PWD) of Nagaland for supplying modular steel bridges, marking its first such deal with a North Eastern state.
Shares of Avenue Supermarts (D-Mart) will be in focus today, March 20, after the company announced an investment of Rs 174.99 crore in its subsidiary, Avenue E-Commerce (AEL).
As of March 18, there was a notable surge in futures open interest for four stocks in the NSE F&O pack, contributing to a total increase in open interest of over 10% as compared to the previous trade. A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
The number of air passengers in India is expected to double to 510 million by 2030 from the current 252 million, said IndiGo. It aims to take its international capacity share to 40% by financial year 2030 from 28% currently.
As WazirX investors gear up to vote on the crypto exchange’s restructuring plan, the company announced that it had completed independent verification of its assets and liabilities.
Senco Gold Ltd., one of India{sin-quite}s prominent jewellery retailers, has seen its stock hit an 18-month low, trading nearly 70% below its October 2023 peak of Rs 772. The question is whether an upside is the offing? The company’s stock is at its lowest level since September 2023, reflecting mounting challenges since its stock market debut on July 14, 2023. Senco Gold’s performance has been weighed dow
There are a few select midcap IT companies where there is still a lot of growth potential, but they are expensive and you need to buy them at correction but think that correction also is over," says Dipan Mehta, Director, Elixir Equities.
NEW DELHI: The Nifty Auto index traded positive around 11:19AM(IST)on Wednesday in an upbeat market. Bharat Forge Ltd.(up 2.22 per cent), Apollo Tyres Ltd.(up 2.02 per cent), Balkrishna Industries Ltd.(up 1.67 per cent), Ashok Leyland Ltd.(up 1.6 per cent) and Bajaj Auto Ltd.(up 1.41 per cent) were among the top gainers.
NEW DELHI: Several stocks gained in excess of 15% in Mumbai trading on Wednesday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the green amid brisk buying in frontline bluechip counters.
Prof. Chandrashekhar M. Biradar is an earth system scientist, green growth activist, and biodiversity and agroecosystem research scholar with over three decades of experience spanning India, America, Africa, West and Central, Asia, and Eurasia. In a conversation with Kumar Buradikatti, he discussed the agrarian crisis and ways to address it. Excerpts from the interview:
NBFC player MAS Financial Services Ltd. aims for an annual growth rate of 20–25% over the next three to five years, intending to double its assets under management every three to four years, driven by a focus on sustainable growth, its Chairman and Managing Director Kamlesh Gandhi said. “Over the years and in the coming years, we are strategically targeting growth at anywhere between 20–25%. We a
The US Federal Reserve’s rate setting committee is expected to retain the federal fund rate steady at 4.25%-4.5% following its two-day meeting which ends today (Wednesday, March 19).
Telecom service provider Vodafone Idea (Vi) launched its 5G services in India on Wednesday, starting in Maharashtra{sin-quite}s Mumbai. With this launch, Vi is offering unlimited 5G data with all its new 5G prepaid and postpaid plans. The company said that it plans to offer superior customer experience through strategic widespread coverage at competitive pricing. Vi also assured enhanced capacity, performa
The shares of IndiGo-operator InterGlobe Aviation surged 2.33% to an intraday high of Rs 4,920.45 on the BSE in today’s trading session after the airline outlined an ambitious growth roadmap for FY30.
JM Financial has revised its target price for Suzlon Energy, lowering it to Rs 71 from Rs 80, while maintaining a ‘Buy’ rating. The brokerage cited execution challenges and a moderation in the P/E multiple from 40x Dec’26 to 35x Mar’27 as key reasons for the downgrade.
Media will likely end up as the worst performing sector in FY25, followed by energy, PSU banks and realty, each falling in double digits while defence, financial services and healthcare could end up as the winners with gains in two digits.
While for the Nifty itself, I cannot say with confidence that the recent low was a bottom, there is a possibility that we might find resistance at 23,050 or 23,250, thereafter possibly turn around and possibly retest the recent low once," says Gautam Shah, Goldilocks Premium Research.
Tata Motors has a good risk to reward profile despite recent share price underperformance, according to Macquarie. The financial services firm has a positive outlook on US demand and the potential for domestic commercial vehicle market share gains. The key factors to monitor, according to Macquarie, include Jaguar Land Rover{sin-quite}s progress towards a net cash balance sheet and global demand. Macquarie
Tata Motors has a good risk to reward profile despite recent share price underperformance, according to Macquarie. The financial services firm has a positive outlook on US demand and the potential for domestic commercial vehicle market share gains. The key factors to monitor, according to Macquarie, include Jaguar Land Rover{sin-quite}s progress towards a net cash balance sheet and global demand. Macquarie
Shares of Jio Financial climbed as much as 2.4% on Wednesday to Rs 230.7 on the BSE, after reports that Allianz SE is intensifying discussions to form a joint venture with the Mukesh Ambani-led company for its re-entry into India’s insurance market.
The Commerce Ministry{sin-quite}s investigation arm Directorate General of Trade Remedies (DGTR) has recommended imposition of a 12% provisional safeguard duty for 200 days on certain steel products with an aim to protect domestic players from surge in imports.
MUMBAI: PhysicsWallah has filed draft IPO papers with Sebi through the confidential filing route, sources said. The company’s targeted $500 million (about Rs 4,600 crore) IPO will comprise a mix of fresh issue of shares and an offer for sale (OFS) component. PhysicsWallah declined to comment.
Riding on the IPO boom of recent years, promoters and founders have grown their wealth by Rs 5 lakh crore. This surge was driven by 169 public offers listed on the NSE (both main board and SME exchange) during FY23 and FY24, with 167 (99.82%) being founder-run. While things could change this year, let’s first look back at what transpired.
Indian fintech firm Pine Labs is planning a domestic initial public offering in the second half of 2025 and is undeterred by the current weak market conditions, chief executive Amrish Rau said.
In today{sin-quite}s mutual fund analysis, ETMarkets highlighted the stocks that saw the highest share increases from mutual funds in February 2025, compared to January 2025. Nearly 28 stocks experienced an addition of over 1 crore shares in February. To refine the list, we focused on stocks that dropped over 10% since the start of February, amid market weakness and volatility. This resulted in a selection of 10 stocks. (Data Source: ACE MF, ACE Equity)
LG Electronics India Ltd, a subsidiary of the South Korean chaebol LG, and manpower and toll plaza management services provider Innovision Ltd have received Sebi{sin-quite}s approval to raise funds through Initial Public Offerings (IPOs), an update with the capital markets regulator showed on Tuesday. LG Electronics India and Innovision filed draft IPO papers with Sebi in December and obtained the regulator{sin-quite}s observations on March 13 and March 12, respectively.
Shares of Ircon International Ltd. rose nearly 9% on Tuesday after the company won an order worth Rs 1,096 crore from the government of Meghalaya. The order is for the construction of a new secretariat complex in Shillong. The order, which comprises campus infrastructure on an engineering, procurement and construction basis, is expected to be executed within three years, according to an exchange
https://www.ndtvprofit.com/markets/banking-valuations-attractive-it-growth-still-uncertain-says-franklin-templetons-ajay-argal
An unabated outflow in the secondary market since October is likely to result in the worst ever annual equity selloff for FY25 in rupee terms by foreign portfolio investors (FPIs).
An unabated outflow in the secondary market since October is likely to result in the worst ever annual equity selloff for FY25 in rupee terms by foreign portfolio investors (FPIs).
Shares of Ola Electric Mobility Limited tanked over 7% on Monday (March 17, 2025) morning after the firm said its vehicle registration service provider Rosmerta Digital Services Limited has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Private Limited.
Japan{sin-quite}s Nikkei share average surged nearly 1% on Monday, fuelled by widespread gains, as investor sentiment was lifted by a sharp rise in U.S. stocks at the end of last week. The Nikkei rose 0.9% to end at 37,396.52, its highest closing point in more than a week, while the broader Topix finished 1.2% higher at 2,748.12.
Fears of an impending U.S. recession are mounting as economic indicators—both traditional and unconventional—point to growing financial strain. Consumers are cutting back on discretionary spending, companies are tightening their forecasts, and market volatility is rising, all while U.S. President Donald Trump’s trade policies continue to rattle investor confidence.
Japan{sin-quite}s Nikkei share average surged nearly 1% on Monday, fuelled by widespread gains, as investor sentiment was lifted by a sharp rise in U.S. stocks at the end of last week.
"So, the bias is positive and the breakout on the index will happen above 22,750 on Nifty on the upside and on the downside the texture could deteriorate only if we break 22,100," says Aditya Arora, Adlytick.
U.S. President Donald Trump said he has no intention of creating exemptions on steel and aluminium tariffs and said reciprocal and sectoral tariffs will be imposed on April 2. Last month, Mr. Trump raised tariffs on imports of steel and aluminium to a flat 25%, without exemptions or exceptions, in a move that was designed to help U.S. industry while contributing to an escalating trade war.
Suresh Ganapathy, MD, Macquarie Capital, says it’s a tale of two halves. In the immediate next quarter or so, we will see the banking system facing the impact of a falling rate cycle, because usually, the way the ALM structure is, when rates are being cut, the margins first come down and later on deposits reprice with the lag and therefore the second half tends to be a better story. Those are the benefits that the banking system will get in the second half. But the near-term impact is going to be more in terms of the NBFCs which will start seeing benefits of an easing liquidity and a falling rate cycle immediately.
February – see how they fared in CY25 Written by Ritesh Presswala, ETMarkets.com|Mar 17, 2025, 01:30:12 PM IST Portfolio Watch 1/10 Portfolio Watch In February 2025, mutual funds (MFs) continued to have a positive outlook on Indian equities, despite market volatility and weakness, reflected in their net investments of about Rs 47,933 crore. According to an ETMarkets analysis, nine stocks were included in the portfolios of over 20 MFs in February 2025, compared to January 2025. Of these, four stocks have posted positive returns in CY25 so far, while five have underperformed. (Data Source: ACE MF | ACE Equity)
In February 2025, mutual funds (MFs) continued to have a positive outlook on Indian equities, despite market volatility and weakness, reflected in their net investments of about Rs 47,933 crore. According to an ETMarkets analysis, nine stocks were included in the portfolios of over 20 MFs in February 2025, compared to January 2025. Of these, four stocks have posted positive returns in CY25 so far, while five have underperformed. (Data Source: ACE MF | ACE Equity) iStock
Global CEOs including Qualcomm Inc.’s Cristiano Amon and Saudi Aramco’s Amin Nasser will travel to Beijing for an annual gathering of top executives, people familiar with the matter say, with some expected to meet top leaders like President Xi Jinping. Plans are being made for the chief executive officers to meet Xi on March 28, according to the people, who asked not to be identified discussing t
Samsung Electronics must adopt a "do-or-die" mindset, its chairman told executives, to confront the challenges posed by artificial intelligence that are upending the industry, Yonhap news reported Monday.
Samsung Electronics must adopt a "do-or-die" mindset, its chairman told executives, to confront the challenges posed by artificial intelligence that are upending the industry, Yonhap news reported Monday.
European shares were largely unchanged on Monday as investors started the new trading week with slight caution around the escalating trade war, while focus remained on the week{sin-quite}s upcoming parliamentary vote on Germany{sin-quite}s debt reform deal.
“Death is actually a good card,” said Carl, one of my companions at a small but potent exhibition of tarot cards at the Warburg Institute in Bloomsbury, London. We were gazing at the original early 1940s watercolor by Frieda Harris for a deck done to the specifications of Aleister Crowley, the infamous occult impresario (or grifter, if you heed his critics). It features a nimble grim reaper — pain
Indian bond market participants want the government to lower supply of ultra-long debt in the fiscal year that starts April 1, five treasury officials said on Monday. India{sin-quite}s central bank, the government{sin-quite}s debt manager, met market participants over last week to seek views on the borrowing plan.
Around 6:30 p.m. on March 10, private sector lender IndusInd Bank Ltd. told exchanges that it had discovered some discrepancies in its derivatives account balances. The bank said that these were found during a review of its “other asset and other liability” accounts of the derivative portfolio, after the implementation of a central bank circular.According to the bank, the discrepancies would resul
No one can claim to fully understand the stock market, even with three to five years of trading experience, according to market veteran Vijay Kedia. Vijay Kedia highlighted that market routs teach important lessons to new investors, though they cause financial hardships, which are a natural part of the market’s cycle. This is how we learn, mature, and grow as investors, he said.
Tata Motors shares jumped 1.5% to an intraday high of Rs 665.50 on the BSE in early trade on Monday, March 17, after the company announced that its Board Committee will meet on March 19 to consider and approve the issuance of non-convertible debentures (NCDs) aggregating up to Rs 2,000 crore.
If India{sin-quite}s Champions Trophy winning-11 is a benchmark for creating a team of world beaters, investors can take a leaf out of it to create a well-rounded portfolio, Mayuresh Joshi of William O{sin-quite}Neil India argues, as he picks 11 stocks which in his view could create the same magic.
Extending gains amid looming uncertainty due to U.S. trade tariffs and slower global growth prospects, Gold April futures contracts at MCX hit their new all-time high of Rs 86,875/10 gms, rising by 0.21% or Rs 189 on Thursday. Meanwhile, silver May futures contracts were trading at Rs 99,389/kg, slightly down by 0.09% or Rs 87.
Jefferies has initiated coverage on Swiggy Ltd., assigning a {sin-quite}Hold{sin-quite} rating with a target price of Rs 400, highlighting the company’s strong position in India’s hyperlocal market. Swiggy, with a 45% share in food delivery, is expected to see high-teens growth in this segment over the medium term, along with margin expansion, the brokerage said in its note on Wednesday. The company’s food delivery
Over the past five years, Indian gold has significantly outperformed the Sensex, rising 70%-75%, compared to the 50%-60% returns from equities, according to Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions. This outperformance has been driven by inflationary pressures, global economic uncertainty, and central bank buying, making gold a preferred safe-haven asset.
Indian benchmark indices opened higher on Wednesday, led by gains across all sectors except IT stocks. However, concerns over U.S. tariffs and their potential impact on the global economy continued to weigh on sentiment.
The shares of RVNL are likely to remain in focus on Wednesday, March 12, after the state-owned company bagged an order from the National Highway Authority of India worth Rs 544.64 crore.
This year, the festival of Holi falls on a Friday, so it will be an extended weekend, offering a long holiday break in many states. In view of the celebrations of the Hindu festival of colours, government offices, public institutions, banks, stock markets, and educational institutions, among others, will remain closed from Mar. 13 to Mar. 16 in various states.
This year, the festival of Holi falls on a Friday, so it will be an extended weekend, offering a long holiday break in many states. In view of the celebrations of the Hindu festival of colours, government offices, public institutions, banks, stock markets, and educational institutions, among others, will remain closed from Mar. 13 to Mar. 16 in various states.
Shares of Infosys fell over 3% on Wednesday after Morgan Stanley downgraded its rating to {sin-quite}equal-weight{sin-quite} from {sin-quite}overweight,{sin-quite} citing concerns over slowing growth and valuation pressures. The brokerage also slashed its target price for the stock to Rs 1,740 from Rs 2,150. https://economictimes.indiatimes.com/markets/stocks/news/infosys-shares-fall-3-after-morgan-stanley-downgrades-cuts-target-price/articleshow/118916265.cms
Shares of Chennai-based TVS Motor Company are set to be in focus on Wednesday after the company announced that its stake in the Indian Foundation for Quality Management (IFQM) has been reduced to 18.18%, leading to IFQM ceasing to be an associate entity.
Metals to mining giant Vedanta has repaid a $900 million high-cost loan, reducing net debt by $550 million and securing $90 million in annual interest savings, the company said.
Indian fintech firm Razorpay Software has earmarked group profitability as a key milestone on the road to a stock market listing, which it intends to stage within the next three years. The Tiger Global Management-backed company is focused on becoming profitable on a consolidated basis across all business verticals, said Shashank Kumar, co-founder and managing director of Razorpay in an interview
"The situation here is very tense in the sense that the administration continues to go back and forth on tariffs and so there is no clear vision of what is really happening," says Peter Cardillo, Spartan Capital Securities.
Indian government bond yields continue to be largely steady in early deals on Wednesday as market participants await domestic inflation data as well as the central bank{sin-quite}s debt purchase
On March 11, seven stocks in the NSE Midcap pack came to the bullish scanner of "White Marubozu", according to stockedge.com{sin-quite}s technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.
Zhang Yiming, the cofounder of Chinese tech giant ByteDance, has become China{sin-quite}s richest person driven by investors{sin-quite} strong confidence in the potential of Artificial Intelligence (AI), Forbes reported. ByteDance is best known for its insanely popular social media platform TikTok. According to Forbes{sin-quite} Real-time Billionaires List, Zhang{sin-quite}s net worth stands at a whopping $65.5 billion, making him the
On March 11, seven stocks in the NSE Midcap pack came to the bullish scanner of "White Marubozu", according to stockedge.com{sin-quite}s technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.
Zhang Yiming, the cofounder of Chinese tech giant ByteDance, has become China{sin-quite}s richest person driven by investors{sin-quite} strong confidence in the potential of Artificial Intelligence (AI), Forbes reported. ByteDance is best known for its insanely popular social media platform TikTok. According to Forbes{sin-quite} Real-time Billionaires List, Zhang{sin-quite}s net worth stands at a whopping $65.5 billion, making him the
SEPC Ltd.{sin-quite}s share price surged 15% during early trade on Wednesday after the company secured a mega deal in Saudi Arabia. The civil construction firm announced a framework agreement with Riyadh-based ROSHN Group to carry out infrastructure works in the kingdom, according to an exchange filing. SEPC has bid for infrastructure works in three zones of Jeddah North, Phase 1A for about SAR 893 millio
"Initially this direct-to-sell and satellite internet will complement the terrestrial services, but obviously competition will intensify over a period of time on satellite internet services," says Gurmeet Chadha, Complete Circle Consultants.
NEW DELHI: Quite a few stocks rose in excess of 10% on BSE as domestic equity indices, BSE Sensex and NSE Nifty, traded in the red on Wednesday amid selling in frontline bluechip counters. Stocks that rallied over 10% included, Shree Tirupati Balaj(14.27%), Capital Trust(14.12%), Pasupati Spinning (12.14%), Shriram EPC(11.92%), Bloom Ind(11.88%), Ravileela Granites(10.47%), Suryavanshi Spinning Mills(10.30%), Rajasthan Cylinders(10.15%) and Vintage Sec(10.00%).
SEPC Ltd.{sin-quite}s share price surged 15% during early trade on Wednesday after the company secured a mega deal in Saudi Arabia. The civil construction firm announced a framework agreement with Riyadh-based ROSHN Group to carry out infrastructure works in the kingdom, according to an exchange filing. SEPC has bid for infrastructure works in three zones of Jeddah North, Phase 1A for about SAR 893 millio
"I think that will depend frankly on what you were just discussing which is what does the Indian government, what do the regulators, what do the central bank do," says Arvind Sanger, Geosphere Capital Management. Read more at: https://economictimes.indiatimes.com/markets/expert-view/smart-money-sold-early-dumb-money-kept-buying-arvind-sanger-on-indian-market-trend/articleshow/118871674.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Axis Securities has an overweight call on Hero MotoCorp with a target price of Rs 5285. The current market price of Hero MotoCorp is Rs 3630. Hero MotoCorp, incorporated in 1984, is a Large Cap company with a market cap of Rs 72752.83 crore, operating in the Auto sector.
IndusInd Bank shares plummeted 20% on Tuesday, hitting a fresh 52-week low of Rs 720.50, as multiple brokerages downgraded the stock and slashed target prices following an accounting discrepancy in its forex derivatives portfolio. The bank disclosed a potential Rs 15.8 billion post-tax hit, equivalent to 2.35% of its net worth, raising concerns over governance and earnings visibility.
NEW DELHI: Shares of Nitiraj Engineers, AXISCADES Engg Tech, JSW Holdings, Blue Coast Hotel and Bohra Industries, hit their fresh 52-week highs at 10:29AM(IST)on NSE.
Indian government bond yields dipped in the early session on Tuesday, tracking a sharp decline in U.S. Treasury yields, but the decline was limited as traders braced for heavy supply from states. Indian government bond yields dipped in the early session on Tuesday, tracking a sharp decline in U.S. Treasury yields, but the decline was limited as traders braced for heavy supply from states. The benchmark 10-year yield was at 6.6960% as of 10:00 a.m. IST, compared with its previous close of 6.7024%.
Leading brokerages have shared their latest investment recommendations, highlighting potential growth opportunities across various sectors for the next 12 months. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Geoff Dennis, Independent EM Commentator, says this is turning into a classic contrarian or rotation year and the technology sell-off is part of that. When the market starts to go down after such a big rise, it is the big winners, the big high beta names that tend to get hit the most. A lot of stuff got priced in at the end of last year about Trump. From here, it has gotten a lot more uncertain and the data has gotten worse and that is a classic environment for losers of a prior period to do well.
The shares of Vedanta’s subsidiary Hindustan Zinc fell 1.5% to Rs 420.05 on the BSE on Tuesday after the company announced the issuance of Rs 500 crore worth of non-convertible debentures (NCDs) through a private placement.
As of March 10, there was a notable surge in futures open interest for four stocks in the NSE F&O pack, contributing to a total increase in open interest of over 8% as compared to the previous trade. A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market
Gensol Engineering Ltd. hit the lower circuit for the second consecutive day on Tuesday after the promoters infused Rs 28 crore in the firm through the conversion of warrants into equity. These warrants would subsequently be converted into 4.43 equity shares at a price of Rs 871 per share, according to the exchange filling on Monday.
IT stocks, including Coforge and Infosys, dropped by as much as 4% in early trading on Tuesday, March 11, as recession fears surrounding the U.S. economy weighed on market sentiment.
"We are looking forward to some disruptive times if I may have to add a word, in the auto sector and global players will definitely require to reposition themselves against what China is offering to them," says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd.
Analysts have cut the target price of iron ore miner NMDC by 10% so far this year. Similar cuts have also been made to the company{sin-quite}s revenue and Ebitda estimates for financial year 2026. Factors like lower volume, mineral taxes and increased competitive intensity are some of the reasons for the bias turning slightly negative.
NEW DELHI: Several stocks gained in excess of 15% in Mumbai trading on Tuesday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the red amid brisk selling in frontline bluechip counters.
"SBI is certainly within the public sector framework, it is the best within the lot. But if my choice has to be there, today I would prefer to go with Kotak and ICICI," says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd.
In the domestic equity market, the 30-share BSE Sensex was trading 424.36 points, or 0.57%, lower at 73,690.81 points, while the Nifty was down 117.90 points, or 0.52%, at 22,342.40 points
The major Urad producing States are Madhya Pradesh, Andhra Pradesh, Uttar Pradesh, Rajasthan, Tamil Nadu, and Maharashtra
NEW DELHI: The Nifty Realty index traded positive around 11:26AM(IST)on Tuesday in a weak market. Macrotech Developers Ltd.(up 4.93 per cent), Phoenix Mills Ltd.(up 4.3 per cent), Oberoi Realty Ltd.(up 2.93 per cent), Godrej Properties Ltd.(up 2.83 per cent) and DLF Ltd.(up 2.21 per cent) were among the top gainers.
Equity benchmark indices Sensex and Nifty slumped in early trade on Tuesday (March 11, 2025) amid weak trends in the U.S. markets and heavy selling in blue-chip stock Infosys.
Major cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, Cardano, and Dogecoin, extended their losses on Tuesday as concerns over U.S. economic growth intensified. Investors worried that
Gensol Engineering Ltd. hit the lower circuit for the second consecutive day on Tuesday after the promoters infused Rs 28 crore in the firm through the conversion of warrants into equity. These warrants would subsequently be converted into 4.43 equity shares at a price of Rs 871 per share, according to the exchange filling on Monday.
IT stocks, including Coforge and Infosys, dropped by as much as 4% in early trading on Tuesday, March 11, as recession fears surrounding the U.S. economy weighed on market sentiment.
"We are looking forward to some disruptive times if I may have to add a word, in the auto sector and global players will definitely require to reposition themselves against what China is offering to them," says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd.
NEW DELHI: IndusInd Bank(Rs. 2843.93 crore), BSE(Rs. 889.59 crore), Zomato(Rs. 762.73 crore), Infosys(Rs. 750.02 crore), Kalyan Jewellers Ind(Rs. 550.47 crore), ICICI Bank(Rs. 517.73 crore), HDFC Bank(Rs. 503.56 crore), RIL(Rs. 485.23 crore), PayTM(Rs. 417.37 crore) and M&M(Rs. 409.07 crore) were among the most traded securities on the National Stock Exchange at 11:05AM in Tuesday{sin-quite}s session.
Bharat Electronics Ltd (BEL) shares will be in focus on Tuesday after the Navratna defence PSU secured fresh orders worth Rs 843 crore, adding to its growing order book for FY25. This brings the company{sin-quite}s total orders for the current financial year to Rs 14,567 crore.
Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets.
“Since the past few weeks, the Jindal Saw stock price has been consolidating in a broader range of 230-265, with prices holding well below its 200-day exponential moving average on daily charts. Traders can buy for a target of Rs 310-315 in the next 5-
Gold price in India rose to Rs 86,140 per 10 grams as of 7:00 a.m. on March 10, according to the India Bullion Association. The rates in New Delhi stood at Rs 85,830 per 10 grams, according to the association. The price in Mumbai was higher at Rs 85,980. In Kolkata, the rate stood lower at Rs 85,870. While in Bengaluru the rate crossed Rs 86,050. With the price at Rs 86,230, Chennai continued to
The Rs 13 crore IPO of PDP Shipping will open for public subscription on Monday. The issue, which is completely a fresh equity sale of 9.37 lakh shares, will be available for bidding till March 12. The IPO doesn{sin-quite}t have an offer for sale component. In the public offer, about 50% of the offer is reserved for retail investors and the rest 50% for non-institutional investors.
The Indian equity markets have shown signs of recovery, with the Nifty rebounding from its oversold trajectory. However, Rajesh Palviya, technicals and derivatives analyst at Axis Securities, cautions that the rally remains fragile unless key resistance levels are surpassed.
Investor Howard Marks, Co-chairman of Oaktree Capital Management, during his Mumbai visit, believes fixed-income investments are now highly competitive, with high-yield bonds offering returns of 7% and private credit reaching up to 11%.
Billionaire investor Howard Marks, in his interaction during his Mumbai visit, described the current market cycle as unusual, making it difficult to pinpoint its exact start. He believes that despite a long expansion, the absence of extreme booms has kept major downturns at bay. "This is a very unusual cycle because it{sin-quite}s even hard to know when to date the cycle from,” he said.
Shares of Bharat Electronics Ltd. rose over 2.34% to Rs 283.47 apiece. It pared gains to trade 0.42% higher at Rs 278.16 as of 11:23 a.m. This comes as Monday marks the last session for investors to buy shares to qualify for receiving interim dividend before the stock goes ex-date.
1/6 Upside Ahead? In the Nifty500 pack, five stocks{sin-quite} close prices crossed above their 200 DMA (Daily Moving Averages) on March 07, according to stockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Punita Kumar Sinha, of Pacific Paradigm Advisors, says we should expect a volatile year, but longer term, the Indian economy with its inherent strength and a momentum built up from our own consumption demand coming from our demographics will keep us cushioned from significant downsides. But domestic flows have also become weak while foreign flows have not come in. All of that needs to change, both domestic and foreign investors have to come back in a big way. Si ..
IndusInd Bank Ltd., Infosys Ltd. and Bharat Electronics Ltd. were among the top stocks on brokerages{sin-quite} radar on Monday, along with auto and metal sectors in focus. Analysts have done a deep dive on broader concepts like capex and India Strategy. NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for on Monday.
A dividend is a share of profits and retained earnings that a company pays out to its shareholders. According to StockEdge data, 10 stocks have been paying consistent dividends to their investors, with payouts made up to 64 times since 2011.
“Small & midcaps" are a “buy-on-dips” play, not a “buy-now” bet. Valuations are improving, but momentum hasn’t turned. Accumulate via SIPs & defensives, keeping 20–30% liquidity for better opportunities in 2Q/3Q 2025,” says Asutosh Mishra, Head – Institutional Equities Research, Ashika Stock Broking.
Facing projections of spiking energy demand, U.S. states are pressing for ways to build new power plants faster as policymakers increasingly worry about protecting their residents and economies from rising electric bills, power outages and other consequences of falling behind Big Tech in a race for electricity.
Anand Rathi has a buy call on Sharda Cropchem with a target price of Rs 730. The current market price of Sharda Cropchem is Rs 577.25. Sharda Cropchem, incorporated in 2004, is a Small Cap company with a market cap of Rs 5146.18 crore, operating in Pesticides/Agro Chemicals sector.
On March 7, the closing prices of three stocks from Nifty500 dropped by more than 2% relative to the VWAP (Volume Weighted Average Price), and a shift below the VWAP suggests a potential bearish trend, according to stockedge.com{sin-quite}s technical scan data.
After a choppy start, domestic benchmark equity indices traded marginally higher on Monday as gains in Bajaj Finance, ICICI Bank, and RIL were offset by losses in IndusInd Bank and auto stocks amid ongoing uncertainty over U.S. tariffs.
Shares of Bharat Electronics Ltd. will be in the spotlight on Monday, as the day marks the last session for investors to buy shares to qualify for receiving interim dividend before the stock goes ex-date. The record date will determine the eligible shareholders, who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adj
IRB Infrastructure Developers (IRB Infra) shares will be in focus on Monday after the company and its private InvIT associate, IRB Infrastructure Trust, reported an 18% year-on-year (YoY) increase in toll revenue for February 2025.
The Karnataka government will be allocating Rs 50 crore to establish a Centre for Applied Artificial Intelligence for Tech Solutions. It will also be granting Rs 1000 crore to launch a Local Economy Accelerator Program, Chief Minister Siddaramaiah said in his state budget speech on Friday. With the allocation, the state aims to make Karnataka a leader in the field of AI. The investment in the cen
"We will be definitely seeing certain resistance being played out in today{sin-quite}s session. Having crossed this on the higher side, we will be watching out for 22,750 to 22,800 levels being regained again," says Dhwani Patel, Founder, Finversify.
Shares of Avenue Supermarts, the operator of DMart retail stores, climbed as much as 2.6% to Rs 3,635 on the BSE during intraday trading on Friday after the company announced the opening of four new stores, bringing its total store count to 396.
"What we are looking at, when we said in July 2024, the complacency was high, we were at extreme inflection. Maybe September, October when India liquidity peaked out, that was the extreme inflection end," says Sandeep Tandon, CIO, Quant MF.
NEW DELHI: The Nifty Pharma index traded positive around 11:23AM(IST)on Wednesday in an upbeat market. Glenmark Pharmaceuticals Ltd.(up 3.06 per cent), Aurobindo Pharma Ltd.(up 2.91 per cent), Laurus Labs Ltd.(up 2.0 per cent), Ipca Laboratories Ltd.(up 1.84 per cent) and Lupin Ltd.(up 1.63 per cent) were among the top gainers.
Traders in India{sin-quite}s $4.48 trillion equity market faced another speed bump with the biggest bourse shifting its expiry day for its derivatives contracts, prompting debate on its impact on algo traders and its competitors. National Stock Exchange of India has shifted the monthly and quarterly expiry days of key futures and options contracts to the last Monday of the expiry month. NSE has also shifted
Adani Wilmar Ltd.{sin-quite}s shares rose after the company signed an agreement with GD Foods Manufacturing India on Tuesday to acquire the owner of household cooking brand Tops. The acquisition will take place in parts, with 80% of the shares set to be acquired in the first tranche and the rest to be acquired over the next three years. The deal will be funded using internal funds or proceeds from an initi
As the rivalry for dominance in the derivatives market intensifies following SEBI’s new regulations to curb speculation, the National Stock Exchange (NSE) has shifted the expiry day for all its index and stock futures and options (F&O) contracts—including Nifty, Bank Nifty, and Fin Nifty—from Thursday to Monday, effective April 4. This move marks an escalating battle with the BSE, which had shifted the Sensex and Bankex expiry from Friday to Tuesday just two months ago.
India{sin-quite}s services sector activity witnessed a sharp uptick in February boosted by improving domestic and international demand, which resulted in a quicker expansion in output and a substantial increase in employment, a monthly survey said on Wednesday (March 5, 2025).
If you have invested in an initial public offering in recent years, chances are more than half of your money didn{sin-quite}t go towards growing the company—it went to existing shareholders cashing out. Over the last decade, anywhere between 60-80% of IPO proceeds have come from the offer for sale portion, according to Prime Database. That means for every Rs 100 raised, only Rs 20-40 is fresh capital for gr
Tata Steel Ltd. has consistently underperformed its closest peer, JSW Steel Ltd. Over one year, the Tata steelmaker{sin-quite}s shares have fallen 8%, while JSW Steel{sin-quite}s stock has risen 19%. Over 10 years, Tata Steel gained 144%, compared to JSW Steel{sin-quite}s 749%.One of the key reasons is Tata Steel{sin-quite}s struggling European operations, acquired as Corus in fiscal 2008. Tata Steel Europe Ltd. has yielded only Rs 2,09
The recent risk weight reduction for bank loans to non-banking finance companies and microfinance institutions by the Reserve Bank of India could be a ‘win-win{sin-quite} situation for the economy, according to George Alexander Muthoot, Managing Director of Muthoot Finance.
The shares of Mukesh Ambani-owned Reliance Industries Limited (RIL) fell 1% to their day’s low of Rs 1,159.25 on the BSE on Tuesday, March 4, after the company disclosed a legal development related to the KG-D6 gas field arbitration case, stating that the Delhi High Court’s Division Bench has reversed a previous arbitration award in the company’s favor.
The sharp downturn witnessed over the past few months has created a scenario where, although the overall market is not officially in a bear grip, more and more pockets of the market are entering the red zone with each passing day. In the headline Nifty index, as many as 28 stocks declined over 20% from the highs, sitting firmly in red.
Global brokerage firm CLSA has upgraded its ratings on Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) to ‘High Perform’ from ‘Outperform’, citing robust loan growth, strong return on equity (ROE), and attractive dividend yields.
I also do not think there is a huge amount of leverage or accidents waiting to happen in terms of either corporate balance sheet or banking sector balance sheets or even the leverage levels in the market," says Ashish Gupta, CIO, Axis Mutual Fund.
According to Christopher Wood, Global Head-Equity Strategy, Jefferies, the US market hit its highest point on December 24, representing 68% of the global MSCI All Country Index. Looking ahead, Wood thinks the US stocks are likely to underperform. Further, tax cuts and deregulation will outweigh the impact of tariffs and import controls by the US government. However, there is currently a lot of confusion, which leads to uncertainty. Wood still thinks that the tariffs won{sin-quite}t be as
Market Expert Sandip Sabharwal in an interview to ET Now said that last week’s market sentiment was dominated by fear. Many investors questioned whether they should move to cash. However, Sabharwal remains optimistic, seeing current valuations as attractive. He believes the market may be near its bottom and that the sell-off could be a typical corrective move for small and mid-caps
A Reddit user’s question about holding Rs 2 crore in fixed deposits (FDs) for four years ignited a heated debate on the social media platform, with users weighing in on inflation, opportunity costs, and tax inefficiencies compared to equity investments.
Indian benchmark indices reversed early gains on Monday, as global trade concerns kept investor sentiment on edge, while index heavyweight Reliance Industries fell the most in five months. Meanwhile, 7 Nifty50 stocks hit their 52-week lows. Here’s the list:
"We have an assumption of normal monsoons. And then finally, the food inflation is coming down and that improves the discretionary spending power of the households," says DK Joshi, Chief Economist, CRISIL.
Market Expert Christopher Wood in an interview to ET Now highlighted the ongoing strength of the U.S. stock market and the U.S. dollar, both of which have recently outperformed. iStock
Shares of Coffee Day Enterprises, which owns the Cafe Coffee Day chain, on Monday (March 3, 2025) jumped 20% to hit its upper circuit limit after the National Company Law Appellate Tribunal (NCLAT) set aside the insolvency proceedings against the company.
Shares of Angel One fell 10% to a 52-week low of Rs 1,952.2 in Monday{sin-quite}s intraday trade on the NSE amid heavy volumes. A total of 24.4 lakh equity shares worth Rs 493.3 crore changed hands.
While the overall domestic air passenger (PAX) traffic in India was slightly dampened, growing 11% YoY in January 2025, reaching 14.61 million despite a 2% MoM decline, InterGlobe Aviation-operated IndiGo continued to dominate the market, expanding its share to approximately 65%, according to a report by domestic brokerage firm Motilal Oswal. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/indigo-retains-market-leadership-at-65-share-as-indias-air-traffic-records-11-yoy-growth/articleshow/118680009.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
While the overall domestic air passenger (PAX) traffic in India was slightly dampened, growing 11% YoY in January 2025, reaching 14.61 million despite a 2% MoM decline, InterGlobe Aviation-operated IndiGo continued to dominate the market, expanding its share to approximately 65%, according to a report by domestic brokerage firm Read more at: https://economictimes.indiatimes.com/markets/stocks/news/indigo-retains-market-leadership-at-65-share-as-indias-air-traffic-records-11-yoy-growth/articleshow/118680009.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
After mixed sales volume in February, several two-wheeler launches are expected in March. In February, prominent player Bajaj Auto saw a slight 2% increase in sales, reaching 2,99,418 units (year-on-year). Meanwhile, Royal Enfield reported a 19% (y-o-y) rise in sales at 90,670 units during this period. On the other hand, TVS Motor logged an overall sales increase of 10% at 391,889 units in Feb. H
down over 50% in CY25 ETMarkets.com|Mar 03, 2025, 01:50:15 PM IST Down In Doldrums 1/11 Down In Doldrums In CY25, the market underwent a sharp correction, with the benchmark Sensex dropping by 6.3% and the BSE Smallcap Index took an even bigger hit, tumbling 22%. During this turbulent period, several small-cap stocks saw significant declines. We highlighted 10 smallcap stocks that have fallen over 50% in CY25 so far. Most of these stocks are now hovering near their 52-week low prices. (Data Source: ACE Equity).down over 50% in CY25 ETMarkets.com|Mar 03, 2025, 01:50:15 PM IST Down In Doldrums 1/11 Down In Doldrums In CY25, the market underwent a sharp correction, with the benchmark Sensex dropping by 6.3% and the BSE Smallcap Index took an even bigger hit, tumbling 22%. During this turbulent period, several small-cap stocks saw significant declines. We highlighted 10 smallcap stocks that have fallen over 50% in CY25 so far. Most of these stocks are now hovering near their 52-week low prices. (Data Source: ACE Equity).
Shares of Paytm owner One97 Communications on Monday (March 3, 2025) plunged more than 4% after the Enforcement Directorate (ED) has sent a notice to the fintech firm for the alleged violation of certain Foreign Exchange Management Act (FEMA) rules by the company and its two subsidiaries with respect to certain investment transactions.
Century Plyboards India Ltd.{sin-quite}s share price fell on Monday after a special court filed a first information report against Pramod Agrawal, an independent director of the company. The complaint pertains to stock market fraud and regulatory violation.
https://economictimes.indiatimes.com/markets/stocks/news/stocks-to-buy-in-2025-federal-bank-havells-among-top-5-stocks-that-could-give-16-40-return/brokerage-recommendations/slideshow/118619291.cms
"On the financial side, the lending space was not doing that great. Till about December end also, if we look at 10-11-year figures, the private bank index actually underperformed the Nifty 500 over a 10-year period as well," says Alok Agarwal, Alchemy Capital Management.
Former SEBI Chairperson Madhabi Puri Buch | Photo Credit: ANI India{sin-quite}s first woman SEBI chief Madhabi Puri Buch, who faced conflict of interest allegations by the U.S.-based short-seller Hindenburg and also political heat thereafter, would complete her three-year tenure later on Friday (February 28, 2025) and will be succeeded by Finance Secretary Tuhin Kanta Pandey.
Shares of Patanjali Foods plunged over 13% on Friday after NSE approved its inclusion in Futures and Options contracts. The exchange also approved the inclusion of Amara Raja Energy & Mobility Ltd., IIFL Finance Ltd., and Titagarh Rail Systems Ltd. Patanjali Foods reported a 20.2% jump in net profit in the third quarter. Net profit stood at Rs 371 crore in the October-December period, compared to
Market Expert Sandip Sabharwal in an interview with ET Now pointed out that the recent market downturn is surprising, as there were no major global events like 9/11 or COVID to trigger it.
Coal India Ltd. saw its share price rise over 3% on Friday, after it announced it would levy an additional charge of Rs 300 per tonne across all mines of its wholly owned subsidiary, Northern Coalfields Ltd., starting May 1. The new charge, termed the {sin-quite}Singrauli Punarasthapan Charge{sin-quite}, will be applied uniformly across all NCL mines and is in addition to the existing notified price of coal. Accordi
https://www.thehindu.com/business/upi-transactions-in-january-surpass-1699-billion-highest-recorded-in-any-month/article69273704.ece
Indian IT stocks sunk to a seven-month low on Friday and are set to register the worst monthly fall in nearly three years. The selloff came after tech stocks in the US took a beating following Nvidia Inc.{sin-quite}s fourth-quarter earnings and commentary that failed to enthuse investors accustomed to sporadic AI-fuelled gains. The Jensen Huang-led chipmaker sank 8.5%.
Indian IT stocks sunk to a seven-month low on Friday and are set to register the worst monthly fall in nearly three years. The selloff came after tech stocks in the US took a beating following Nvidia Inc.{sin-quite}s fourth-quarter earnings and commentary that failed to enthuse investors accustomed to sporadic AI-fuelled gains. The Jensen Huang-led chipmaker sank 8.5%.
India and the European Union have agreed to go ahead with a free trade agreement this year, which will be "the largest deal of this kind" in the world, a top EU official said on Friday. "A free trade agreement between the EU and India would be the largest deal of this kind anywhere in the world. I am well aware it will not be easy. But I also know that timing and determination count and that this
NEW DELHI: FMCG stocks were trading lower on Friday at 11:26AM Nakoda Group Of Industries Ltd.(up 0.84%) and Hatsun Agro Products Ltd.(up 0.37%) were among the top gainers.
Gold traded lower on Friday, heading for its biggest weekly drop in over three months as a stronger dollar weighed on prices. Investors are closely watching key U.S. inflation data for insights into the Federal
Bank of Maharashtra has kickstarted roadshows in UAE for its next equity fundraising by way of qualified institutional placements, likely to take place in the December quarter, three experts aware of the development told NDTV Profit.It is looking to dilute 4.6% stake, and end of 2025 in the third quarter may be the right time, a senior bank executive said.The nationalised bank is looking to raise
Deepak Fertilisers & Petrochemicals Corporation Ltd.(down 7.07%), Chambal Fertilisers & Chemicals Ltd.(down 5.32%), The Fertilisers and Chemicals Travancore Ltd.(down 5.31%), Aries Agro Ltd.(down 5.00%), Sikko Industries Ltd.(down 4.22%), Madras Fertilizers Ltd.(down 4.02%), National Fertilizers Ltd.(down 4.00%), Gujarat State Fertilizer & Chemicals Ltd.(down 3.61%), Rashtriya Chemicals & Fertilizers Ltd.(down 3.45%) and Khaitan Chemicals & Fertilizers Ltd.(down 3.40%) were a ..
Adrian Mowat, Equity Strategist, says there is a very interesting, shifting dynamic and it is one in which the US underperforms, the dollar is weak and China and Europe are looking interesting. Also, the world is still in the phase where the delta is negative for flows into India. At some point, if people view it as a consensus that the dollar is going to be weak, that the outlook for emerging markets is getting better and we will begin to see aggregate flows into EM, then India ..
Shares of GE Power India Ltd (GEPIL) are set to be in focus on Friday after the company secured an additional contract worth Rs 273.5 crore from GREENKO KA01 IREP Private Ltd for the Saundatti Hydro Project in Karnataka.
Power Mech Projects Ltd. saw its share price move significantly on Tuesday following the announcement of a substantial order worth Rs 164.63 crore from Bharat Heavy Electricals Ltd. The order encompasses the main supply, including design and engineering, mandatory spares, and civil works, as well as erection and commissioning (E&C) for the 2 x 800 MW DVC Koderma TPS Phase-II EPC project.
Citigroup Inc. upgraded Indian stocks to overweight from neutral, while turning underweight on equities in Southeast Asia. There is “meaningful upside” in Indian equities amid “less demanding” valuations, Citi said in a note. The benchmark NSE Nifty 50 Index may rise to 26,000 by the end of December, according to strategist Surendra Goyal. That implies about a 15% gain from Monday’s trading level.
Citigroup Inc. upgraded Indian stocks to overweight from neutral, while turning underweight on equities in Southeast Asia. There is “meaningful upside” in Indian equities amid “less demanding” valuations, Citi said in a note. The benchmark NSE Nifty 50 Index may rise to 26,000 by the end of December, according to strategist Surendra Goyal. That implies about a 15% gain from Monday’s trading level.
Citigroup Inc. upgraded Indian stocks to overweight from neutral, while turning underweight on equities in Southeast Asia. There is “meaningful upside” in Indian equities amid “less demanding” valuations, Citi said in a note. The benchmark NSE Nifty 50 Index may rise to 26,000 by the end of December, according to strategist Surendra Goyal. That implies about a 15% gain from Monday’s trading level.
Unilever Plc Chief Executive Officer Hein Schumacher will step down in a surprise move after less than two years in charge of the consumer goods business. The Anglo-Dutch maker of Dove soap and Ben & Jerry’s ice cream said he will be replaced by Fernando Fernandez, who is currently chief financial officer and before that held roles including heading up its Latin American division and its beauty a
Given we cross 22,700 on the higher side, the view can change over here on the bullish side for short-term basis. But given this one is holding out as a strong resistance, the view remains on the bearish side for now. Given Bank Nifty over here is showing some subdued momentum over here, but the momentum still remains on the negative side on the Bank Nifty as well," says Dhwani Patel, Founder, Finversify.
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says the fundamentals of the defence and railways stocks remain absolutely strong and convincing. In fact, all these companies including HAL, are offering a good amount of visibility for like three to five years as far as the business is concerned. The valuations right now are becoming more attractive. We are pricing them at around 26-27 valuation and against having 27-28 or 28-29 valuation earlier, and they become slightly more attractive than before. Look at some of them to add into the portfolios.
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says the fundamentals of the defence and railways stocks remain absolutely strong and convincing. In fact, all these companies including HAL, are offering a good amount of visibility for like three to five years as far as the business is concerned. The valuations right now are becoming more attractive. We are pricing them at around 26-27 valuation and against having 27-28 or 28-29 valuation earlier, and they become slightly more attractive than before. Look at some of them to add into the portfolios.
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says the fundamentals of the defence and railways stocks remain absolutely strong and convincing. In fact, all these companies including HAL, are offering a good amount of visibility for like three to five years as far as the business is concerned. The valuations right now are becoming more attractive. We are pricing them at around 26-27 valuation and against having 27-28 or 28-29 valuation earlier, and they become slightly more attractive than before. Look at some of them to add into the portfolios.
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says the fundamentals of the defence and railways stocks remain absolutely strong and convincing. In fact, all these companies including HAL, are offering a good amount of visibility for like three to five years as far as the business is concerned. The valuations right now are becoming more attractive. We are pricing them at around 26-27 valuation and against having 27-28 or 28-29 valuation earlier, and they become slightly more attractive than before. Look at some of them to add into the portfolios.
Global brokerage firm JPMorgan reduced its target price for the state-owned company Coal India, following which, the stock fell 1.7% to its day{sin-quite}s low of Rs 358.70 on the BSE. The firm maintained a ‘Neutral’ rating but cut the target price to Rs 395 from an earlier Rs 430, citing multiple headwinds to earnings growth.
: NarendraModi/YT Reliance Industries will invest ₹50,000 crore across five different verticals in Assam over the next five years, its chairman Mukesh Ambani said on Tuesday (February 25, 2025). Speaking at the {sin-quite}Advantage Assam{sin-quite} business summit, Mr. Ambani said the money will be invested to make Assam technology and AI ready. "At the 2018 investment summit, I announced an investment of ₹5,000 crore. Since then, the investments have crossed ₹12,000 crore. This amount will quadruple and we will invest ₹50,000 crore in the next five years," he said.
Markets regulator Sebi has cautioned public against buying and dealing with any property belonging to HBN Dairies & Allied Ltd. The cautionary statement comes after Sebi discovered that some individuals or entities are interfering with the auction process by spreading false rumours, pretending to be Sebi officials, and trespassing on HBN properties.
Domestic brokerage firm Axis Securities is optimistic about retail and FMCG sector stocks, predicting potential gains of up to 42%. The firm{sin-quite}s top stock picks include Trent, Ethos, Varun Beverages, and DOMS. Take a look: Agencies
Every service industry is getting significantly disrupted. So, I truly believe IT services industry is at an inflection point and we should not be complacent. If we can be more proactive in adopting to the changes, talk to our clients about what is the art of the possible and really walk this path with that kind of a mindset and not with a mindset to protect your revenue base and protect your existing footprint because if you do not do it somebody else will do it," says C Vijayakumar, MD & CEO, HCLTech.
Maruti Suzuki India Ltd (MSIL) on Tuesday (February 25, 2025) said it began commercial production at its Kharkhoda facility in Haryana in 30 months from the time of ground breaking.
The silver lining is index heavyweights like Reliance, HDFC Bank, Bajaj twins to a great extent have been relatively doing well and at the same time like in yesterday{sin-quite}s session we saw Bank Nifty doing well," says Rahul Sharma, JM Financial Services.
Jubilant FoodWorks Ltd. is the top pick among quick-service restaurant stocks for Bernstein, with Domino’s expected to be a key driver of growth. Strong expansion plans and strategic shifts in Domino’s business model are likely to boost Jubilant’s performance, according to Jignanshu Gor, Bernstein SocGen Group Analyst. "Domino’s has strong tailwinds, both from pizza as a category and a peak in
Renowned market analyst Manish Chokhani, Director at Enam Holdings advised Indian investors to broaden their horizons and explore global investment opportunities, cautioning against being ‘frogs in a well’, who are over-reliant on the domestic markets.
Market expert Manish Chokhani, in an interview with ET Now, shared his insights on market trends and global investment opportunities. He discussed the growing digital economy, the potential of platform companies like Zomato, Paytm, and Policybazaar and explored the future of sectors such as energy, AI, digitization, and the transition from internal combustion engines (ICE) to electric vehicles (EV). Lastly, Manish emphasizes the importance of global diversification for investors in today{sin-quite}s market.
I think as an investor in India you have slightly better advantage for looking at incumbents and the reason is simple because we do not have the entire value chain of products that go into an EV that are coming from India," says Raunak Onkar, PPFAS MF.
Market expert Manish Chokhani, in an interview with ET Now, shared his insights on market trends and global investment opportunities. He discussed the growing digital economy, the potential of platform companies like Zomato, Paytm, and Policybazaar and explored the future of sectors such as energy, AI, digitization, and the transition from internal combustion engines (ICE) to electric vehicles (EV). Lastly, Manish emphasizes the importance of global diversification for investors in today{sin-quite}s market.
ndian hydropower producer SJVN Ltd. is planning to expand its only coal power project under construction in the eastern part of the country, according to chairman Raj Kumar Chaudhary. The company is looking to add another 800 megawatts at its Buxar project in the state of Bihar, in addition to the 1,320 megawatts being built, Chaudhary said in an interview. The expansion is necessary to meet the
Indian hydropower producer SJVN Ltd. is planning to expand its only coal power project under construction in the eastern part of the country, according to chairman Raj Kumar Chaudhary. The company is looking to add another 800 megawatts at its Buxar project in the state of Bihar, in addition to the 1,320 megawatts being built, Chaudhary said in an interview. The expansion is necessary to meet the
In today’s mutual fund analysis, ETMarkets spotlighted stocks with the highest share increases by mutual funds in January {sin-quite}25 compared to December {sin-quite}24. Nearly 31 stocks saw over 1 crore shares added in January. To narrow down the list, we focused on stocks that had dropped more than 15% since the beginning of January, amid the market’s weakness and volatility during this time. This led to a refined selection of six stocks. Furthermore, we featured three stocks that have gained over 4%, despite the overall market downturn. (Data Source: ACE MF, ACE Equity)
The recent market downturn is unlikely to have any impact on the primary market activity with analysts bullish on the number of companies tapping public markets will only grow higher. As per a report by Niveshaay Investment Advisors (a smallcase manager), Indian markets will witness approximately 1,000 IPOs in the next two years across various sectors. A similar forecast was done by the Association of Investment Bankers of India (AIBI) earlier.
Japan{sin-quite}s Nikkei share average fell over 1% to end at a more-than two-week-low on Thursday, as automakers declined due to a stronger yen, while investors assessed the potential impact of U.S. President Donald Trump{sin-quite}s latest tariff threat.
European shares were steady on Thursday as gains in industrials and materials were offset by declines in heavyweight sectors such as energy and healthcare.
It{sin-quite}s been a mixed quarter for real estate companies in terms of bookings and launches. While companies like DLF Ltd., Macrotech Developers Ltd. and Signature Global India Ltd. have reported strong pre-sales growth, companies like Aditya Birla Real Estate, Prestige Estates and Sobha Ltd. need to ramp up new launches or else, they might likely fall short of meeting their fiscal 2025 guidance. As p
Major auto component firms are likely to invest Rs 25,000-30,000 crore in the next fiscal for capacity expansion and localisation, including electric vehicle or EV parts, ratings firm ICRA said on Thursday. The sector is also expected to invest in capacity enhancements and upcoming regulatory changes.
Pi Network has officially launched its Open Mainnet, marking a major milestone for the project after a two-year delay. This launch enables external blockchain connectivity, allowing transactions beyond the closed Pi Network ecosystem for the first time.
Ajay Bagga, Market Expert, says if the Ukraine war ends and oil prices crash, that could give a temporary reprieve. But overall, next six-seven months of pain have to be gone through, and maybe another 5% to 10% on the leading indices and maybe a 10% more on the broader indices, on the SMIDs coming through.
Major cryptocurrencies traded lower on Wednesday, February 19, as investors remained cautious amid uncertainty over U.S. trade tariffs and the Federal Reserve’s interest rate outlook. As of 10:29 am IST, Bitcoin slipped 0.8% to $95,148, while Ethereum declined 0.6% to $2,678. The global crypto market cap fell 1.6% to $3.13 trillion in the past 24 hours.
Short-term adjustments will be there, might be there, I mean one cannot really comment on that but I do not think there is anything structural threat to that," says Vikas Khemani, Carnelian Asset Management.
Jefferies Research is optimistic on Indian two-wheeler companies despite some moderation in growth this year — with firms seeing divergent growth. The brokerage also is cautious on Ola Electric Ltd., given the losses in market share. The growth of Indian two-wheeler registrations moderated to 4-5% in January and the first half of February, after a strong growth during fiscal 2022-24, Jefferies sa
Shares of Venus Pipes and Tubes Ltd. rose on Wednesday after Investec initiated coverage on the company, with a {sin-quite}buy{sin-quite} rating. The brokerage has set a target price of Rs 1,665 on the stock on the back of noteworthy financials and fast growth. Significant revenue growth posted by the company had sent signals for strong execution on capacity expansion, the brokerage highlighted. This cue is also wel
Shares of defence-related companies rallied on Wednesday, with Garden Reach Shipbuilders & Engineers (GRSE) leading gains among defence players, surging as much as 14.9% to Rs 1,404.50 on the BSE. The sharp rally came after the Defence Secretary said the relaxation in foreign direct investment (FDI) policies and streamlining the industrial licensing procedure will propel growth in the defence industry. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/defence-stocks-like-grse-data-patterns-bharat-dynamics-rally-up-to-15-as-fdi-policy-boost-fuel-optimism/articleshow/118379768.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
India’s economic landscape is evolving rapidly, and with shifting global trade dynamics, renowned banker Uday Kotak has emphasised the need for India to focus on competitiveness rather than resorting to protectionist measures. Read more at:
Jawaharlal Nehru Port Authority (JNPA) said it has signed a Memorandum of Understanding (MoU) with NMDC Group PJSC (Formerly National Marine Dredging Company PJSC) for the construction of the Vadhvan Port Project Ltd. in Maharashtra.
"Short-term adjustments will be there, might be there, I mean one cannot really comment on that but I do not think there is anything structural threat to that," says Vikas Khemani, Carnelian Asset Management.
In a recent analysis, Goldman Sachs and Citi have highlighted the shifting dynamics within the Quick Service Restaurant (QSR) sector. Both brokerages note that QSR players are gaining market share in the food delivery market, despite underlying weak demand. Strategic interventions and value initiatives have been pivotal in this recovery.
Major cryptocurrencies traded lower on Wednesday, February 19, as investors remained cautious amid uncertainty over U.S. trade tariffs and the Federal Reserve’s interest rate outlook.
French IT major Capgemini SE{sin-quite}s December quarter revenue growth in the BFSI segment and recovery in the US market bodes well for the outlook on Indian information technology companies, according to CLSA.The BFSI sector, which represents 21% of calendar year 2024 revenues for Capgemini, returned to year-over-year growth in the fourth quarter, with a 2% increase in constant currency terms. This growt
Shares of Venus Pipes and Tubes Ltd. rose on Wednesday after Investec initiated coverage on the company, with a {sin-quite}buy{sin-quite} rating. The brokerage has set a target price of Rs 1,665 on the stock on the back of noteworthy financials and fast growth. Significant revenue growth posted by the company had sent signals for strong execution on capacity expansion, the brokerage highlighted. This cue is also wel
French IT major Capgemini SE{sin-quite}s December quarter revenue growth in the BFSI segment and recovery in the US market bodes well for the outlook on Indian information technology companies, according to CLSA.The BFSI sector, which represents 21% of calendar year 2024 revenues for Capgemini, returned to year-over-year growth in the fourth quarter, with a 2% increase in constant currency terms. This growt
Jefferies Research is optimistic on Indian two-wheeler companies despite some moderation in growth this year — with firms seeing divergent growth. The brokerage also is cautious on Ola Electric Ltd., given the losses in market share.
The dividend yield is the annual dividend payment to shareholders expressed as a percentage of the stock{sin-quite}s current price. According to an Axis Securities report, 8 PSU stocks delivered a dividend yield of 6-12% in the last 12 months. Here is the list:
Shares of defence-related companies rallied on Wednesday, with Garden Reach Shipbuilders & Engineers (GRSE) leading gains among defence players, surging as much as 14.9% to Rs 1,404.50 on the BSE. The sharp rally came after the Defence Secretary said the relaxation in foreign direct investment (FDI) policies and streamlining the industrial licensing procedure will propel growth in the defence industry. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/defence-stocks-like-grse-data-patterns-bharat-dynamics-rally-up-to-15-as-fdi-policy-boost-fuel-optimism/articleshow/118379768.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Despite a bearish trend prevailing in the market and a significant fall in smallcap stocks, the top gainers of the Nifty 250 Smallcap Index have surged impressively, with gains reaching nearly 30% since September 27, 2024
aharlal Nehru Port Trust. File | Photo Credit: The Hindu Jawaharlal Nehru Port Authority (JNPA) said it has signed a Memorandum of Understanding (MoU) with NMDC Group PJSC (Formerly National Marine Dredging Company PJSC) for the construction of the Vadhvan Port Project Ltd. in Maharashtra
Tesla has selected locations for two showrooms in the Indian cities of New Delhi and Mumbai, moving closer to its long-delayed plans to sell its electric cars in the country, sources familiar with the matter said.
After nine punishing sessions that wiped out months of gains for retail investors, smallcap stocks are mounting a fierce comeback. The Nifty Smallcap 250 index, still trapped in bear market territory and down 22% from its peak, surged 2% on Wednesday, with Aegis Logistics, GRSE, Netweb Tech, and Minda Corp clocking double-digit gains.
As the trading session progresses, several stocks are making notable moves based on recent developments and brokerage updates. Here’s a look at six stocks that are catching investors’ attention at noon. Venus Pipes Venus Pipes and Tubes Ltd.{sin-quite}s share price surged by 5.29% after Investec initiated coverage with a ‘buy’ rating. The brokerage set a target price of Rs 1,665, citing the company’s impre
The US labour market has long been a pillar of economic strength, but cracks are starting to appear beneath the surface despite seemingly positive numbers.
Ferro-alloys manufacturer Nava Ltd. on Wednesday announced a buyback programme worth Rs 360 crore. The board approved the plan to repurchase 72 lakh shares at Rs 500 apiece, which represents 2.48% equity, according to an exchange filing. The company has fixed Feb. 28, 2025, as the record date for the purpose of ascertaining the eligibility of shareholders for buyback, which will be managed by Ana
Realty firm Arvind SmartSpaces Ltd has bought a 150-acre land in Gujarat to develop a residential project with an estimated sales revenue of Rs 600 crore. The company did not disclose the deal value and name of the seller. In a regulatory filing on Monday, the company informed that it has "signed a new residential plotted development project in Ahmedabad, with a total estimated area of 150 acre a
JSW MG Motor India Pvt. on Monday said it has appointed Anurag Mehrotra as the Managing Director of the company. Mehrotra has three decades of professional experience and has held key leadership roles in the automotive sector{sin-quite}s sales, marketing, strategy, and business development. His previous roles include Vice President of Strategy and International Business at Tata Motors Commercial Vehicles a
The selloff is relentless and unforgiving. The Sensex has plunged 3,000 points over nine straight sessions, leaving investor portfolios in tatters. But the real bloodbath is in smallcaps and microcaps, now stuck in a bear market abyss, with retail investors bearing the brunt of the devastation.
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Monday{sin-quite}s trading session, five stocks witnessed a long unwinding. Here{sin-quite}s the list
Jaipur—the Pink City—turned Bitcoin orange last month as crypto enthusiasts gathered for ET Markets’ Crypto Ki Paathshala powered by Mudrex. With a powerful line-up of speakers, the event addressed pressing questions on legality, myths, trading strategies, and portfolio diversification, offering an insightful roadmap for both beginners and seasoned traders.
Major cryptocurrencies traded lower on Monday, February 17, with blue-chip tokens, including Bitcoin, Ethereum, XRP, Solana, and Dogecoin, declining by up to 6%.
Flexible workspaces have become a major force in India{sin-quite}s commercial real estate, capturing a record 20% share of gross office leasing in 2024, according to JLL.
The torrent of retail funds flowing into India’s equity mutual funds is at risk of abating as market returns decline, according to Jefferies Financial Group Inc. The torrent of retail funds flowing into India’s equity mutual funds is at risk of abating as market returns decline, according to Jefferies Financial Group Inc.
Brokerage Recommendations Brokerages have shared their latest stock recommendations, highlighting potential opportunities across various sectors for the next 12 months.
Bank of America expects Indian companies{sin-quite} earnings growth to slow down going ahead, after the earnings tracked by the brokerage were largely in line in the third quarter, led by healthcare. Starting in the fourth quarter of the current fiscal, Nifty 50 and NSE 200 companies could see stable margins and execution pickup, analysts at BofA said in a note. "But select capex-oriented like steel and cem
Bank of America expects Indian companies{sin-quite} earnings growth to slow down going ahead, after the earnings tracked by the brokerage were largely in line in the third quarter, led by healthcare. Starting in the fourth quarter of the current fiscal, Nifty 50 and NSE 200 companies could see stable margins and execution pickup, analysts at BofA said in a note. "But select capex-oriented like steel and cem
Shares of NATCO Pharma tumbled as much as 10% on Friday to Rs 876.15 on the BSE, extending a two-day slump to 28% after the company posted a sharp decline in third-quarter profit and brokerage Nuvama Institutional Equities slashed its target price citing weak business prospects.
Quality Power Ltd.{sin-quite}s Rs 859-crore initial public offering has been subscribed 0.16 times, or 16%, on the first day of bidding on Friday. The grey market premium of the Quality Power IPO is Rs 10 as of 11:54 a.m. on Feb. 14, according to InvestorGain. This implies shares of the company will likely list at Rs 435 apiece, indicating a 2.35% premium to the upper end of the price band.
The torrent of retail funds flowing into India’s equity mutual funds is at risk of abating as market returns decline, according to Jefferies Financial Group Inc.
India is now open to reviewing Singapore’s request for a liberalised air service agreement, potentially allowing more flights and expanded access to Indian airports - a shift from its stance in recent years.
India is now open to reviewing Singapore’s request for a liberalised air service agreement, potentially allowing more flights and expanded access to Indian airports - a shift from its stance in recent years.
The initial public offering (IPO) of Hexaware Technologies was fully subscribed on Friday with an overall subscription of 1.40 times as of 01:33 PM on the final day of bidding. The company aims to raise Rs 8,750 crore through the IPO, with the issue closing on February 14.
Brokerages have shared their latest stock recommendations, highlighting potential opportunities across various sectors for the next 12 months.
Titagarh Rail Systems shares fell 5.5% to Rs 803 on Friday after the company reported a 16% year-on-year (YoY) decline in net profit to Rs 62.8 crore for Q3FY25, compared to Rs 74.8 crore in the year-ago period.
The SME initial public offering (IPO) of Voler Car, which opened for public bidding on February 12, was fully subscribed on Friday with an overall subscription of 4.98 times as of 10:50 AM on the final day of bidding. The company aims to raise Rs 27 crore through the IPO, with the issue closing on February 14. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/voler-car-ipo-subscribed-over-4-times-so-far-on-day-3-check-gmp-price-band-and-other-details/articleshow/118237409.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The Karnataka government announced that it has signed a Memorandum of Understandings with nine companies, including Sweden-based bus and truck manufacturer Volvo, worth Rs 2,220 crore, on day two of Global Investors{sin-quite} Meet-2025. Volvo has decided to expand its manufacturing plant in Hoskote near Bengaluru city and has announced an investment of Rs 1,400 crore.
On February 12, six stocks from the Nifty50 pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.
A brutal selloff is hammering India{sin-quite}s stock market, with some of the country’s most prized stocks plunging as much as 71% from their peaks. Whether it’s the specter of Donald Trump’s tariff threats, a chilling warning from India’s top contrarian investor S Naren, or an earnings-valuation mismatch finally catching up, the carnage is impossible to ignore.
Indian benchmark indices Sensex and Nifty ticked higher on Thursday, snapping a six-day losing streak, driven by gains in banking and financial stocks as investors reacted to domestic inflation data hinting at a possible rate cut.
Shares of Natco Pharma Ltd. tumbled over 18% — biggest intraday loss since March 2020 — on Thursday as the third-quarter profit of the company slipped 37%, missing analysts{sin-quite} estimates. The pharma firm posted a consolidated net profit of Rs 133 crore for the quarter ended Dec. 31, 2024, as compared to Rs 212.70 crore in the same period last year, according to an exchange filing on Wednesday. This
CICI Securities has an add call on Indigo Paints with a target price of Rs 1370. The current market price of Indigo Paints is Rs 1113.3. Indigo Paints, incorporated in 2000, is a Small Cap company with a market cap of Rs 5261.73 crore, operating in Building Materials sector.
https://www.thehindu.com/business/markets/markets-rebound-in-early-trade-after-6-day-slump/article69213891.ece
NEW DELHI: Shares of Muthoot Finance, SBI Card, Norben Tea Exp, Aarvee Denims and Kotak Bank, hit their fresh 52-week highs at 10:24AM(IST)on NSE.
The initial public offering of Ajax Engineering Ltd. was subscribed 6.45 times on its third and last day of bidding on Wednesday. According to NSE{sin-quite}s consolidated data, the Rs 1,269.35-crore IPO received bids for 9,12,11,951 shares against 1,41,49,997 shares on offer. Non-institutional investors subscribed 6.47 times the offer, while Qualified Institutional Buyers (QIBs) received 14.41 times the s
The share price of Muthoot Finance Ltd. rose over 6% to hit a fresh life high on Thursday after the company reported strong third-quarter earnings. In addition, the shares were also trading at a higher volume.
A long buildup occurs when both open interest (OI) and trading volumes rise alongside an increase in the underlying stock price, signaling a bullish trend in the Futures and Options segment. In Thursday{sin-quite}s trading session, five stocks witnessed fresh long positions. Here{sin-quite}s the list:
The Reserve Bank of India (RBI) on Wednesday announced the lifting of supervisory restrictions previously imposed on Kotak Mahindra Bank, and allowed the bank to resume onboarding of new customers through its online channels and issue new credit cards. Rahul Malani of Mirae Asset Sharekhan explains what it will mean for the stock.
The Indian market closed in the red for the sixth consecutive day in a row on Wednesday. The BSE Sensex fell more than 200 points while the Nifty50 closed just above 23,000.
Shares of Muthoot Finance jumped as much as 6.5% on Thursday to Rs 2,321.8 on the BSE after the gold loan-focused NBFC reported a nearly 26% year-on-year growth in its net profit for the third quarter ended December at Rs 1,389.18 crore, compared to the Rs 1,103.52 crore profit reported in Q3 of the previous financial year.
NEW DELHI: Vodafone Idea(number of shares traded: 35.61 crore), GTL Infra(number of shares traded: 4.13 crore), Vakrangee (number of shares traded: 3.55 crore), Suzlon Energy(number of shares traded: 2.08 crore), YES Bank(number of shares traded: 2.05 crore), SAIL(number of shares traded: 1.56 crore), Tata Steel(number of shares traded: 1.52 crore), Ashok Leyland(number of shares traded: 1.39 crore), Easy Trip Planners(number of shares traded: 1.33 crore) and Zomato(number of shares traded: 1.06 ..
Shares of Hindustan Aeronautics Ltd (HAL) jumped as much as 2.8% on Thursday to Rs 3,697 on the BSE after the company reported a 14% year-on-year (YoY) rise in Q3 profit to Rs 1,440 crore, compared to Rs 1,261 crore in the same quarter last year. The growth was driven by sustained demand for aircraft from the defence ministry.
HDFC Securities has a buy call on Star Health and Allied Insurance with a target price of Rs 600. The current market price of Star Health and Allied Insurance Company Ltd. is Rs 438.9. Star Health, incorporated in 2005, is a Large Cap company with a market cap of Rs 25793.25 crore, operating in Financial Services sector. Read more at: https://economictimes.indiatimes.com/markets/stocks/recos/buy-star-health-amp-allied-insurance-target-price-rs-600-hdfc-securities/articleshow/117876009.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
In the Nifty500 pack, we have compiled a list of three stocks that reached a 5-year swing high at the close on February 3, indicating bullishness in these counters, according to stockedge.com{sin-quite}s technical scan data. A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to surpass. Such an occurrence can be interpreted as a bullish signal, suggesting the potential for further upward movement in the stock. However, it{sin-quite}s important to note that this differs from a 5-year breakout, which happens when a stock{sin-quite}s price exceeds a key resistance level that has held for five years or more.
Indian benchmark indices opened in the green on Tuesday, mirroring gains in Asian peers after the US halted planned tariffs on Canada and Mexico, easing global trade war concerns.
The Union Budget has signaled a strategic shift for investors in a way to rethink their equity investing strategies, thanks to Finance Minister Nirmala Sitharaman’s inclination towards consumption-driven growth. While the government has maintained its commitment to capital expenditure, it is evident that policymakers are no longer doubling down on this theme.
he Treasury Department was accused of breaking federal law by giving Elon Musk’s team of government efficiency enforcers access to a trove of personal and financial information — setting up a legal showdown over the Trump administration’s signature effort to shrink the government. Union groups, including the AFL-CIO, and the Alliance for Retired Americans said in a lawsuit on Monday that Treasury
ICICI Securities has maintained its buy call on Adani Energy Solutions with a lowered target price of Rs 1,101 (Rs 1,318 earler). The current market price of Adani Energy is Rs 737.2.
LIC Housing Finance Ltd.{sin-quite}s share price traded in the green on Tuesday, rising nearly 3%, after brokerages expressed their bullish sentiment on the company. Both HSBC and Citi have provided favourable assessments of LIC Housing Finance, highlighting various aspects of the company{sin-quite}s performance and future prospects. LIC Housing Finance reported a net profit of Rs 1,432 crore for the third quarter o
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Tuesday even as equity benchmark BSE Sensex traded 684.93 points up at 77871.67 amid brisk buying in frontline bluechip counters.
Gold April futures contracts at MCX opened flat on Tuesday at Rs 83,253/10 gram, which is down by 0.04% or Rs 30 while silver March futures contracts were trading at Rs 94,200/kg, down by 0.06% or Rs 57.
Premier Energies Ltd.{sin-quite}s share price rose as the company posted a significant rise in its profit for the third quarter of the financial year 2025. The solar module maker{sin-quite}s consolidated net profit rose 5.9 times to Rs 255 crore in the October-December 2024 quarter. This compares to the Rs 43 crore net profit reported by the company in the same period a year ago.
https://www.ndtvprofit.com/markets/garden-reach-shipbuilders-share-price-rises-after-q3-profit-margin-growth
"I think the markets are going to not like this kind of uncertainty. But maybe it will be over soon. But it is a little nerve-wracking to see so many new tensions coming up every day," says Arvind Sanger, Geosphere Capital Management. Does not seem like Trump has quite made up his mind on when to implement the tariffs. Arvind Sanger: I think Trump is tariff happy. As we said, trigger happy, he is tariff happy. And he thinks that he can win by doing it. So, in the last few days, it has been Canada and Mexico{sin-quite}s turn. Next, it looks like China he is going to deal with and then it is EU{sin-quite}s turn. So, it is like rotating who gets hit on the head next. And I think the markets are going to not like this kind of uncertainty. But maybe it will be over soon. But it is a little nerve-wracking to see so many new tensions coming up every day.
The shares of LIC Housing Finance today surged 3% to an intraday high of Rs 573.65 on the BSE after the foreign brokerage firm Jefferies reaffirmed its ‘buy’ rating on the stock, albeit with a revised target price of Rs 700 (down from Rs 795 earlier), indicating a headroom of 25% growth potential.
Shares of Vinati Organics Ltd. are poised for a 49% rally, as per Motilal Oswal Financial Services Ltd.— after a range-bound trade since 2021. The target of Rs 2,600 per share set by the brokerage will take the share to a new life high.The long-term trend gauge of the 200-day moving average at the Rs 1,890 mark will be the key barrier to the stock reaching Motilal Oswal{sin-quite}s target. However, the coun
In a bid to protect the economically vulnerable sections and individuals, Karnataka government is proposing an ordinance that exempts borrowers from repaying loans taken from unlicenced and unregistered micro finance institutions. The draft Karnataka Micro Finance (Prevention of Coercive Actions) Ordinance 2025 aims to give relief to borrowers from coercive action by MFIs, money lending agencies
Adani Ports and Special Economic Zone Ltd. recorded its highest ever monthly cargo volume in January, as it handled 39.9 million metric tonnes. This marks a 13% increase compared to last year. During the month under review, the volume of cargo handled stood at 39.9 MMT, and this was led by containers, which increased 32% compared to last year. This was also supported by liquids and gas, which pos
Union Railway Minister Ashwini Vaishnaw on Monday (February 3, 2025) said funds to railway projects in West Bengal have been increased three times since Mamata Banerjee was in charge of the Ministry of Railways.
The rupee recovered 13 paise from its all-time low closing level to 86.98 against the US dollar in early trade on Tuesday (Feburary 4, 2025), after President Donald Trump agreed to pause tariffs on Mexico and Canada for 30 days.
Following Finance Minister Nirmala Sitharaman’s Union Budget 2025 speech, several brokerages have identified mid and small-cap stocks expected to benefit from the government’s focus on economic revival and increased consumption. Here are their top post-budget recommendations:
"Divi{sin-quite}s numbers were good and, as per our expectations, what analysts were expecting. So, we would see some kind of momentum still building up in the Divi{sin-quite}s Labs," says Rahul Shah, MOFSL. What are we staring at? Are we staring at more weakness or you think worst of the pain is behind us? Rahul Shah: What we have been seeing is weakness is there in the markets and it is going to be a time-wise for some more time and it will be more a stock specific approach rather than the holistic approach which used to be before six months or so.
NEW DELHI: The Nifty Bank index traded positive around 11:02AM(IST)on Tuesday in an upbeat market. Canara Bank(up 2.51 per cent), Bank of Baroda(up 2.1 per cent), Axis Bank Ltd.(up 1.88 per cent), State Bank of India(up 1.88 per cent) and Punjab National Bank(up 1.88 per cent) were among the top gainers.
NEW DELHI: The Nifty Bank index traded positive around 11:02AM(IST)on Tuesday in an upbeat market. Canara Bank(up 2.51 per cent), Bank of Baroda(up 2.1 per cent), Axis Bank Ltd.(up 1.88 per cent), State Bank of India(up 1.88 per cent) and Punjab National Bank(up 1.88 per cent) were among the top gainers.
Garden Reach Shipbuilders & Engineers Ltd. saw its stock rise nearly 4%, following the release of its third-quarter earnings report. The shipbuilding company reported an 11% year-on-year increase in net profit for the quarter, although it fell short of analysts{sin-quite} expectations.
Centrum Broking has a reduce call on Mahindra & Mahindra Financial Services Ltd. with a target price of Rs 263. The current market price of Mahindra & Mahindra Financial Services Ltd. is Rs 273.2. Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company with a market cap of Rs 33699.08 crore operating in NBFC sector. Read more at:
Leading brokerage firms have reiterated their bullish stance on select stocks, highlighting strong growth potential across various sectors for the next 12 months.
"It could be potentially the crescendo of the margin led selling, so I think that phenomena is done. Now, many stocks are responding to results," says Sandip Sabharwal, asksandipsabharwal.com.
Jindal Steel & Power Ltd.{sin-quite}s share price hit its 11-month-low on Friday, after the company reported an over 50% year-on-year fall in its consolidated net profit for the quarter ended December. Despite this, its net profit beat consensus analysts estimates of Rs 877 crore and came in at Rs 950.5 crore. Revenue, however, rose 0.4% to Rs 11,751 crore, lower than Rs 11,847 crore expected. Along with
Shares of Tata Consumer Products rose over 5% on Friday to hit three-month high after the company reported mixed third-quarter results. The Tata Tea maker{sin-quite}s profit was flat at Rs 278.88 crore in the quarter ended December.
NEW DELHI: The Nifty Realty index traded positive around 10:44AM(IST)on Friday in an upbeat market. Macrotech Developers Ltd.(up 4.74 per cent), Oberoi Realty Ltd.(up 4.24 per cent), Godrej Properties Ltd.(up 2.33 per cent), Brigade Enterprises Ltd.(up 1.45 per cent) and Sobha Ltd.(up 1.35 per cent) were among the top gainers.
Adani Enterprises Ltd.{sin-quite}s top line for the three months ended December stood at Rs 22,848 crore, an increase of 1.1% from the preceding quarter, while its operating income rose 26% to Rs 12,377 crore for the first nine months of the ongoing financial year.
Kalyan Jewellers India Ltd.{sin-quite}s operating margins are expected to expand from fiscal 2027, as the transition to the {sin-quite}Company-Owned Company-Operated{sin-quite} model will help shore up the topline, according to Executive Director Ramesh Kalyanaraman.
NEW DELHI: De Nora India, Raymond Lifestyle L, Whirlpool India, MITCON Const & Engg.(PP)and Noida Toll Bridge Co and others were among the stocks that touched their 52-week lows as of 11:00AM(IST)in Friday{sin-quite}s session.
Shares of Waaree Energies climbed as much as 14.4% on Friday to Rs 2,505.85 on the BSE, after the renewable energy firm reported a 296% year-on-year (YoY) jump in consolidated net profit for Q3FY25. The company posted a net profit of Rs 493 crore for the quarter ended December 2024, compared to Rs 124 crore in the same period last year.
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Friday even as equity benchmark BSE Sensex traded 478.82 points up at 77238.63 amid brisk buying in frontline bluechip counters.
"And frankly, the largecaps, I mean, look at the fact that after the 13% odd correction, you are already looking at 18, 18.5 kinds of forward earnings for that bunch. So, it was obvious that things are looking too, too bad. The panic was on the street at that point in time. And we took a very proactive call. In fact, on Monday itself, we started picking up some few names," says Dinshaw Irani, CEO, Helios Mutual Fund.
Morgan Stanley on Friday upgraded its stance on two key consumer stocks— Titan Co. and Jubilant FoodWorks Ltd.— reflecting their resilience in a volatile consumption environment. Titan{sin-quite}s rating has been upgraded to {sin-quite}overweight{sin-quite} from {sin-quite}equal-weight{sin-quite} and its target price was also hiked to Rs 3,876 from Rs 3,532 per share. The brokerage sees it as a strong player in the premium consumption space.
Waaree Energies Ltd. share price jumped 14% during early trade on Friday after the company reported an impressive third quarter earnings and the manangment announced a Rs 50,000 crore order book. "Strong execution is what lead to order book realisations. 45% of current order book is coming from India," Chief Executive Officer Amit Paithankar told NDTV Profit.
Shares of major public sector undertakings like NTPC Ltd., Coal India Ltd. and RITES Ltd. were in the spotlight on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving interim dividends before the stock goes ex-trade. The record date will determine the eligible shareholders who will receive the dividend paymen
Brokerages on Thursday have cut the target price for Tata Motors Ltd., one of India’s leading automotive manufacturers following its third-quarter results. While the company has generally met expectations, analysts have also adjusted their growth forecasts, citing concerns over performance in key segments, particularly Jaguar Land Rover.
Frankfurt, Jan 30, 2025 -Despite US President Donald Trump{sin-quite}s sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track.
Indian government bond yields dipped in early trades on Thursday, but the benchmark bond yield was largely unchanged as investors focussed on the outcome of the central bank{sin-quite}s first debt purchase under its mega liquidity package.
Axis Securities has a buy call on DCB Bank with a target price of Rs 140. The current market price of DCB Bank Ltd. is Rs 119.95. DCB Bank, incorporated in 1995, is a banking company with a market cap of Rs 3765.82 crore).
Gold April futures contracts at MCX surged above the Rs 81k mark, making a new all-time high of Rs 81,1128/10 grams in Thursday{sin-quite}s intraday trade, gaining 0.31% or Rs 254.
As of January 29, there was a notable surge in futures open interest for four stocks in the NSE F&O pack, contributing to a total increase in open interest of over 12% as compared to the previous trade. A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
Leading brokerages have shared their latest stock recommendations, highlighting strong growth prospects across key sectors for the next 12 months. Nuvama has reiterated its bullish stance on SBI Cards & Payment Services and Bajaj Auto, citing robust fundamentals and growth potential.
Leading brokerages have shared their latest stock recommendations, highlighting strong growth prospects across key sectors for the next 12 months. Nuvama has reiterated its bullish stance on SBI Cards & Payment Services and Bajaj Auto, citing robust fundamentals and growth potential.
Daily groceries to personal grooming products are set to get dearer as packaged consumer goods makers plan to take another 2-4% increase in product prices. This is to offset the impact of inflationary pressures on margins, which could further delay the elusive recovery of consumer spending. Companies such as Hindustan Unilever Ltd., Emami Ltd., Marico Ltd., Godrej Consumer Products Ltd., and Adan
The share price of Hitachi Energy India Ltd. rose nearly 20% on Thursday to hit the upper circuit after the company reported a near six-fold jump in its net profit for the third quarter of the current financial year. Hitachi Energy saw a jump in the consolidated net profit to Rs 137 crore against Rs 23 crore reported in the same quarter last year. The rise in profit comes on the back of high orde
Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Thursday{sin-quite}s trading session, five stocks saw short covering. Here{sin-quite}s the list:
Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Thursday{sin-quite}s trading session, five stocks saw short covering. Here{sin-quite}s the list:
SoftBank Group Corp. is in discussions to invest as much as $25 billion in OpenAI, a move that would potentially make it the AI startup’s biggest backer. The Japanese investment company is in talks to put in between $15 billion and $25 billion, according to a person familiar with the matter. That would be in addition to the $15 billion that Masayoshi Son’s SoftBank has committed to Project Starga
NEW DELHI: Vodafone Idea(number of shares traded: 8.82 crore), Tata Motors(number of shares traded: 3.37 crore), YES Bank(number of shares traded: 3.06 crore), Inox Wind Ltd.(number of shares traded: 2.09 crore), Zomato(number of shares traded: 2.05 crore), IDFC First Bank(number of shares traded: 1.69 crore), Commercial Engg(number of shares traded: 1.50 crore), Filatex Fashions(number of shares traded: 1.38 crore), GTL Infra(number of shares traded: 1.23 crore) and IRFC(number of shares traded: 1.18 crore) were among the most traded securities on the National Stock Exchange at 11:00AM in Thursday{sin-quite}s session.
Shares of SRF Ltd. rose over 2% after the company reported a jump in net profit in the third quarter of this financial year. In addition, the company also announced a dividend of Rs 3.6 apiece. SRF saw a 7% jump in consolidated net profit to Rs 271 crore against Rs 253 crore reported in the same quarter last year. Revenue increased by 14.4% year-on-year for the three months ended Dec. 31, 2024, r
"So, frankly, the inflows as far as the funds are concerned have not really got affected, maybe some marginal changes which one cannot call it a trend as of now, that is number one," says Vinit Sambre, DSP Mutual Fund.
JBM Auto Ltd. share price surged over 10% in early trade on Thursday after strong third quarter earnings. Consolidated net profit of the electric bus maker jumped 8.2% year-on-year to Rs 52.6 crore in the October-December period. Revenue from operations rose 3.7% to Rs 1,396 crore. On the operating side, earnings before interest, tax, depreciation and amortisation grew 11.8% to Rs 175 crore. Mar
Microsoft Corp. and OpenAI are investigating whether data output from OpenAI’s technology was obtained in an unauthorized manner by a group linked to Chinese artificial intelligence startup DeepSeek, according to people familiar with the matter.
Denta Water And Infra Solutions Ltd. debuted on the National Stock Exchange at Rs 325 apiece, at a premium of 10.54% over issue price of Rs 294.00. The stock listed on the BSE at Rs 330 per share, marking a premium of 12.24%.
Having lost around 3% of its value so far in the month, Nifty looks on track to end January on a negative note to mark the fourth consecutive month of correction — an exceptionally rare occurrence that hasn{sin-quite}t been reported in the last 23 years.
Forex traders said the rupee continued to face pressure as investors are awaiting cues from the US FED meeting outcome.
Motilal Oswal Financial Services has a buy call on Reliance Industries with a target price of Rs 1605. The current market price of Reliance Industries is Rs 1229.9. Reliance Industries, incorporated in 1973, is a Large Cap company with a market cap of Rs 1655009.21 crore, operating in the Diversified sector.
In a strong rebound on Wednesday, the Nifty IT showed signs of recovery after a turbulent session, which saw a dip in technology stocks following the selloff caused by the Chinese AI app DeepSeek. The index rose over 2% and outperformed the Nifty 50, marking a recovery after it had ended 0.57% lower the previous day.
The share price of Bajaj Auto rose nearly 5% on Wednesday after the company reported a rise in its net profit for the third quarter of the financial year 2025. In addition, Goldman Sachs has hiked its target price on the stock while maintaining a {sin-quite}buy{sin-quite} rating.
With the upcoming summer season, Investec has picked Crompton Greaves Consumer Electricals Ltd. over Voltas Ltd. within the consumer durables sector. The shift in market dynamics, particularly the challenges faced by Voltas and the growth momentum at Crompton, has prompted this pair trade approach.
Global brokerage firm Jefferies has upgraded Indraprastha Gas Ltd (IGL) to a ‘Buy’ rating from ‘Underperform,’ significantly raising its target price to Rs 505, up from Rs 295, reflecting its positive outlook on the company’s prospects.
Global brokerage firm Jefferies has upgraded Indraprastha Gas Ltd (IGL) to a ‘Buy’ rating from ‘Underperform,’ significantly raising its target price to Rs 505, up from Rs 295, reflecting its positive outlook on the company’s prospects.
NEW DELHI: Kaynes Technology(Rs. 1037.18 crore), One Mobikwik Systems(Rs. 670.06 crore), JSW Energy(Rs. 658.58
India needs to double its current wind power generation capacity in the next five years to meet its decade-end target, presenting industry leader Suzlon Energy Ltd. with big growth opportunity. "To meet the target of 100 GW wind energy capacity by 2030, the industry needs to double generation in five years from the current 48 MW. The industry is well poised to make it happen," Girish Tanti, vice-
The Federal Open Market Committee (FOMC), meeting for the first time in 2025, is scheduled to announce its policy decisions in a few hours. This marks the first time the committee will discuss policy after Donald Trump took office as U.S. President on Jan. 20.
The Federal Open Market Committee (FOMC), meeting for the first time in 2025, is scheduled to announce its policy decisions in a few hours. This marks the first time the committee will discuss policy after Donald Trump took office as U.S. President on Jan. 20. With Trump returning to the White House, all eyes will be on Fed Chair Jerome Powell and his team as they announce decisions regarding U.S
Lloyds Metals and Energy Ltd. has become the top-performer among mid-cap stocks even as its peers are reeling under bearish pressure since the beginning of the market correction in September last year.The iron ore producer{sin-quite}s shares have risen 40% from Sept. 23 last year following a 105% rally in 2024. The shares, however, cooled off this year as they have fallen 10% from its peak on Jan. 10.The co
Forex traders said the Indian rupee gained on Friday but opened on a lower note on Monday as U.S. President Donald Trump’s tariffs uncertainty gained.
PMS fund manager Samir Arora recently weighed in on the issue of the consistent foreign institutional investors (FIIs) selling pressure in Indian equities via a tweet, suggesting to the government of India, to cut the capital gains tax back to 10% to boost the market rally.
Shares of AU Small Finance Bank fell as much as 8.4% on Monday to Rs 544 on the BSE after the lender reported a soft third quarter. Multiple brokerages, including Nuvama and Nomura, downgraded the stock to "reduce" and slashed target prices, citing asset quality concerns and rising credit costs.
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Monday even as equity benchmark BSE Sensex traded 591.78 points down at 75598.68 amid brisk selling in frontline bluechip counters.
PMS fund manager Samir Arora recently weighed in on the issue of the consistent foreign institutional investors (FIIs) selling pressure in Indian equities via a tweet, suggesting to the government of India, to cut the capital gains tax back to 10% to boost the market rally.
With the exception of Avanti Feeds, most shrimp stocks have lost their way after the July budget day bloom when they jumped by up to 10%. While Avanti{sin-quite}s returns have been at a modest 6%, five other counters have plunged between 7% and 30% in this period. The heartbeat Nifty index has slipped by over 5%, since then.
Equity benchmark indices, Sensex and Nifty, declined in early trade on Monday (January 27, 2025), dragged down by losses in Telecom and Industrials stocks amid muted global market trends.
The share price of Waaree Energies Ltd. declined for the fourth consecutive session on Monday. The stock dropped nearly 10% during early trade today, extending its loss over the period to 18%. The pressure comes amid a decline in solar PV module prices globally due to persistent overcapacities. Despite price drops, global capacity in 2024 grew 31% for polysilicon, 9% for wafers, 19% for cells, an
Shares of InterGlobe Aviation, the operator of airline IndiGo, gained as much as 1.5% on Monday to Rs 4,224.8 on the BSE despite a sharp decline in its third quarter profit. Brokerages like Goldman Sachs and Kotak maintained a bullish outlook on IndiGo but reduced their target prices, reflecting concerns over cost pressures and forex losses.
NEW DELHI: Shares of Reliance Naval & Engg, Associated Alcohols & Breweries, Tera Software, Blue Coast Hotel and NDR InvIT Trust, hit their fresh 52-week highs at 10:55AM(IST)on NSE.
Shares of CreditAccess Grameen Ltd. fell over 18% on Monday to hit a 34-month-low after it cut its guidance for the full financial year the second time. In addition, it has reported its first ever quarterly loss in the third quarter of this fiscal and Nomura has cut the target price to Rs 800. However, volumes rose to 12 times the 30-day average in the first half an hour of trade.
ED Yardeni of Yardeni Research says global investors are likely to keep a significant allocation in the US due to its strong economy and pro-business government. So Yardeni advises against reducing exposure there. However, opportunities in other markets, particularly India, should not be overlooked, as it has shown strong economic growth and positive stock market performance despite a recent correction.
Gold February futures contracts at MCX were slightly down on Monday, trading at Rs 79,813 per 10 gram, falling by 0.27% or Rs 213 while silver March futures contracts were trading at lower by 1% or Rs 919 at Rs 90,680/kg, around 10:30 am today.
NEW DELHI: Vodafone Idea(number of shares traded: 14.23 crore), YES Bank(number of shares traded: 11.29 crore), IDFC First Bank(number of shares traded: 5.01 crore), Suzlon Energy(number of shares traded: 3.21 crore), Zomato(number of shares traded: 2.37 crore), Bank of India(number of shares traded: 2.34 crore), JP Power(number of shares traded: 2.04 crore), Jio Financial Services(number of shares traded: 1.57 crore), GTL Infra(number of shares traded: 1.41 crore) and Filatex Fashions(number of shares traded: 1.38 crore) were among the most traded securities on the National Stock Exchange at 11:00AM in Monday{sin-quite}s session.
Shares of recently listed DAM Capital Advisors Ltd. rose over 12% on Monday as the company{sin-quite}s profit for the third quarter of the current financial year more than doubled. The net profit of the Dharmesh Mehta-led merchant banker climbed to Rs 52 crore in the quarter ended December. In the same quarter of the previous fiscal, the profit stood at Rs 22 crore.
Shares of Mazagon Dock Shipbuilders (MDL) today surged as high as 5.9% in today’s session to an intraday high of Rs 2,423.4 on the BSE after the Ministry of Defence (MoD) gave a go-ahead to the company to move for the next stage of bidding for a multi-billion dollar submarine project.
Shares of Mazagon Dock Shipbuilders (MDL) today surged as high as 5.9% in today’s session to an intraday high of Rs 2,423.4 on the BSE after the Ministry of Defence (MoD) gave a go-ahead to the company to move for the next stage of bidding for a multi-billion dollar submarine project.
The Indian equity market’s reliance on domestic investors has never been greater as unabated foreign fund selling and rising global volatility dent the appeal of local shares. Global investors have pulled out $6 billion from Indian stocks this month, pushing the NSE Nifty 500 Index toward its worst start in nine years. Domestic institutions and retail investors remained buyers, with net purchases touching $8 billion during the period, further strengthening their position as the key driver of the market.
The National Restaurant Association of India (NRAI), which represents half a million eateries nationwide, said it will approach Competition Commission of India (CCI) over "private labelling" by Zomato and Swiggy and their foray into quick commerce food delivery via Bistro by Blinkit and Snacc, respectively.
UltraTech Cement Ltd.{sin-quite}s consolidated net profit fell in the third quarter of the current financial year, but managed to beat analysts{sin-quite} estimates. The cement manufacturer{sin-quite}s bottom line stood at Rs 1,470 crore in the quarter ended Dec. 31, 2024, 17% lower as compared to Rs 1,776.98 crore clocked in the year-ago period, according to an exchange filing on Thursday. Analysts tracked by Bloomberg had a
Mahindra Lifespace Developers Ltd., through its wholly-owned subsidiary Anthurium Developers Ltd., has acquired around 8.2 acres of land in North Bengaluru, according to a release issued on Thursday. The land has a developable potential of approximately 0.9 million square feet of saleable area and a projected gross development value, or GDV, of almost Rs 1,000 crore, it added. The project will
Brokerages have reacted to the third-quarter financial results of Hindustan Unilever Ltd., HDFC Bank Ltd., Bharat Petroleum Corporation Ltd. and Persistent Systems Ltd. Analysts maintain Hindustan Unilever{sin-quite}s ratings, however, cut the target price amid demand concerns. On the other hand, they remained positive on HDFC Bank. BPCL also saw a cut in target price on the back of weak results.
Paras Defence and Space Technologies shares rallied as high as 6.2% in early trade on BSE, reaching Rs 1,092.90 on Thursday, January 23, after the company signed a Memorandum of Understanding (MoU) with the Maharashtra government to develop an Optics Park Project in Navi Mumbai.
(Bloomberg) -- Paytm’s founder expects his bank to get a fresh lease on life from Indian regulators, after he distanced that company from his larger fintech empire. The Reserve Bank of India last year imposed new curbs on unlisted Paytm Payments Bank Ltd. after years-long warnings about data flows between it and Paytm, a separate business entity that trades as One97 Communications Ltd. The restri
https://economictimes.indiatimes.com/markets/stocks/stock-watch/varun-beverages-stock-price-1-07-per-cent-as-sensex/articleshow/117446107.cms
Shares of InterGlobe Aviation Ltd. traded 0.38 per cent in Wednesday{sin-quite}s session at 11:21AM (IST). The stock opened at Rs 4043.30 and has touched an intraday high and low of Rs 4087.95 and Rs 3969.00, respectively, during the session so far.
Bharat Petroleum Corp., HDFC Bank Ltd. and Hindustan Unilever Ltd. are among the top names that will announce their earnings for the third quarter on Wednesday. Bharat Petroleum Corp. is likely to clock a profit of Rs 5,265 crore and revenue of Rs 1,07,345 crore for the quarter ended December, as per the consensus estimates of analysts tracked by Bloomberg. Analysts also estimate the Ebitda of th
Jio Financial Services Ltd., Medplus Health Services Ltd. and Neuland Laboratories Ltd. are some stocks that will be on the radar on Wednesday. Jio Financial Services and BlackRock further subscribed to Rs 5.85 crore shares of JV Jio BlackRock Asset Management for Rs 117 crore, while Medplus Health{sin-quite}s arm gets three suspension orders of drug licence for store situated in Karnataka.
This is the daily morning update from NDTV Profit. Over the next few minutes, I’ll bring you up to speed with everything you need to know to start your day on the right note.
The third quarter earnings season is underway and about 50 companies will announce their results on Tuesday. Key results to watch out for include HDFC Bank, HUL, Tata Communications and Hudco.
Denta Water IPO, through which the company aims to raise around Rs 220 crore, has opened for subscription today. The IPO is completely a fresh equity sale worth Rs 75 lakh shares.
U.S. President-elect Donald Trump threatened to impose tariffs on many countries if they do not fulfil certain conditions. In November last year, he said he would impose sweeping tariffs on imports from Canada, China, and Mexico if these countries failed to stem illegal border crossings into the U.S. and the trafficking of drugs — in particular Fentanyl, which is a deadly opioid
In the NSE list of stocks with a market cap of over Rs 10,000 crore, five stocks closed prices crossed above their 200 DMA (Daily Moving Averages) on January 21, according to stockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
The shares of Rikhav Securities debuted with 90% premium on the BSE SME platform on Wednesday. Shares of the company listed at Rs 163.4 over its IPO price of Rs 83.
The SME IPO of Rexpro Enterprises, which is into the business of natural wellness solutions, opened for subscription earlier today and will close on January 22. The IPO is being floated to raise around Rs 54 crore and list the shares on the NSE SME platform.
The non-banking finance company, backed by Punjab National Bank, saw total income grow to Rs 1,943 crore from Rs 1,756 crore in the previous year’s quarter.
Brokerages have reacted to the third-quarter financial results of Tata Technologies Ltd., ICICI Prudential Life Insurance Co. and KEI Industries Ltd. Citi maintained a {sin-quite}sell{sin-quite} rating for Tata Technologies, while reducing the target price to Rs 765 as near-term issues are likely to weigh on the company{sin-quite}s growth prospects. Morgan Stanley has maintained an {sin-quite}overweight{sin-quite} rating for Reliance Industries
Marc Faber, The Gloom, Boom & Doom Report, says it{sin-quite}s wise to stay away from overly popular sectors. He believes the current negativity is primarily in popular American stocks, particularly Tesla and Nvidia, which are expensive and have an uncertain future. Global investors trade these stocks and so he recommends avoiding the popular sectors. He says we{sin-quite}ve seen similar trends before: SPACs and meme stocks surged and then plummeted, while cannabis stocks fell by 90% and many went bankrupt.
IndiaMart Intermesh shares hit their 10% lower circuit at Rs 2,064.10 in early trade on Wednesday, January 22, after the brokerages downgraded the stock despite the company reporting a 36% jump in its consolidated net profit for the quarter ended December 31, 2024, to Rs 125 crore versus Rs 92 crore posted in the year-ago period. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/indiamart-intermesh-shares-in-focus-as-q3-pat-soars-36-yoy-heres-what-analysts-recommend/articleshow/117442167.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Welcome to the TCS Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of TCS, including: Last traded price 4135.3, Market capitalization: 1493998.79, Volume: 1007922, Price-to-earnings ratio 30.64, Earnings per share 134.78. Our liveblog offers a complete overview of TCS through a blend of fundamental and technical
Dalmia Bharat shares will be in focus on Wednesday, January 22, after the company{sin-quite}s profit slumped by more than 75% on year in the December quarter as weak prices of the building material and moderation in demand offset the benefits of lower cost of raw materials, logistics, and power and fuel.
China and Hong Kong stocks weakened on Wednesday after U.S. President Donald Trump hinted at potential new tariffs on Chinese imports, ending a brief reprieve for the markets.
The Burman family has announced dates for the takeover of Religare Enterprises Ltd. M.B. Finmart Pvt., Puran Associates Pvt., VIC Enterprises Pvt., and Milky Investment & Trading Co.— entities owned by the Burman family— have requested the NSE for usage of web-based bidding platform. The takeover offer will be open from Jan. 27 to Feb. 7. The issue will be of up to 9,00,42,541 equity shares, acco
Indian regulators should allow framework agreements and capacity reservations for transmission companies to make investments more predictable, Andreas Schierenbeck, global chief executive officer of Hitachi Energy, said. "We have to shift from buying one transformer for one project to framework agreements with wide programmes to have investment visibility," Schierenbeck told NDTV Profit, during a
“The investment philosophy of the fund is centered on acquiring growth-oriented companies at median or below-median valuations,” says Abhishek Jaiswal, Fund Manager at Finavenue. Read more at: https://economictimes.indiatimes.com/markets/expert-view/etmarkets-aif-talk-from-rs-1-cr-to-rs-2-3-cr-how-finavenue-growth-fund-delivered-stellar-returns-for-crorepati-investors-in-2024/articleshow/117421318.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
On January 21, three stocks from the Nifty200 pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.
Dixon Technologies Ltd.{sin-quite}s shares were down 13% in trade on Tuesday, despite the company posting a robust third-quarter results. One of the key reasons for the sharp fall is being attributed to the management announcing its entry into the semiconductor component space, with investments in display fabrication facility, which would require large capital expenditure. Market capitalisation of the firm
Citi Group has reinitiated coverage on Concord Biotech Ltd. with a {sin-quite}neutral{sin-quite} rating and a target price of Rs 2,330 per share. This rating comes after a period of suspension, reflecting cautious optimism for the company t
As of January 21, there was a notable surge in futures open interest for four stocks in the NSE F&O pack, contributing to a total increase in open interest of over 25% compared to the previous trade. A significant uptick in futures open interest signifies substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
RailTel Corporation of India shares will be in focus on Wednesday, January 22, following the company’s announcement of receiving a work order worth Rs 46.79 crore (inclusive of taxes) from North Western Railway. The contract, awarded by the Deputy Chief Signal and Telecommunication Engineer (Construction), Ajmer Division, pertains to signaling work.
Shares of LTIMindtree Ltd. 0.08 per cent to Rs 5833.00 at 10:43AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session.
Shares of LTIMindtree Ltd. 0.08 per cent to Rs 5833.00 at 10:43AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session. t
Multi Commodity Exchange Ltd.{sin-quite}s share price fell nearly 8% in early trade on Tuesday after it reported third quarter financial results that clouded outlook on valuations. Consolidated net profit rose 4.17% sequentially to Rs 160 crore, meeting the estimate of Rs 163 crore as per analysts{sin-quite} consensus compiled by Bloomberg. Revenue increased 5.5% to Rs 301.4 crore, compared to the projection of Rs 2
With India gearing up for its Union Budget on February 1, investors in ITC will be watching closely as tax policy on cigarettes takes center stage. Brokerage Nuvama Research has predicted a low likelihood of a sharp tax hike, citing recent trends and the impact of urban economic slowdown on legal cigarette volumes.
Tech Mahindra has garnered mixed reviews from leading brokerage firms following its Q3 results. IT services company Tech Mahindra on Friday reported a 93% growth in consolidated net profit for the quarter ended December 31, 2024.
Glenmark Pharmaceuticals Ltd. on Tuesday said its US arm has launched anticoagulant Phytonadione injectable emulsion. Glenmark Pharmaceuticals Inc., USA has launched Phytonadione injectable emulsion of strength 10 mg/mL single-dose ampules, the company said in a statement. The single-dose ampules is bioequivalent and therapeutically equivalent to the reference listed drug, Vitamin K1 Injectable
Varun Beverages Ltd. got an {sin-quite}outperform{sin-quite} rating from JPMorgan as the brokerage initiated coverage on the stock. It expects a rise in India volumes and better overseas delivery to aid growth. The brokerage gave a target price of Rs 650 apiece, which implies 19.12% upside from the current market price. Varun Beverages{sin-quite} execution and market share gain led growth strategy makes it one of the few stap
NEW DELHI: Mining stocks were trading lower on Tuesday at 11:15AM Ashapura Minechem Ltd.(up 1.01%) were among the top gainers.
Ahead of the Union Budget 2025, the healthcare industry expects the government to come up with several key decisions to boost growth and research in the sector. Making healthcare more accessible and affordable, mandatory accreditation of testing laboratories, reduction in GST and incentivising research and development (R&D) are some of the key factors on the budget wishlist of the healthcare indus
Tata Tech, Tanla Platforms, KEI Industries, and Dalmia Bharat are some of the companies releasing their quarterly number on Tuesday. Catch live updates here.
NEW DELHI: Vodafone Idea(number of shares traded: 30.34 crore), Zomato(number of shares traded: 18.69 crore), YES Bank(number of shares traded: 4.50 crore), Rama Steel Tubes(number of shares traded: 4.46 crore), GTL Infra(number of shares traded: 2.98 crore), Ibull Real Estate(number of shares traded: 1.90 crore), Easy Trip Planners(number of shares traded: 1.86 crore), Coal India Ltd(number of shares traded: 1.60 crore), Apollo Micro Systems(number of shares traded: 1.47 crore) and Spacenet Enterprise(number of shares traded: 1.36 crore) were among the most traded securities on the National Stock Exchange at 11:31AM in Tuesday{sin-quite}s session.
A possibility of US tariffs for Indian exporters does not concern Bharat Forge{sin-quite}s Vice-Chairman and Joint Managing Director Amit Kalyani, as they will be managed by the country to prevent inflation, according to him. However, the Indian economy is not growing at the pace it needs to grow, he said.Tariffs are a wait and watch, Kalyani said, adding he is not overtly concerned because it affects every
Following the third quarter results of One97 Communications-held Paytm, global brokerage firm Macquarie has maintained its ‘Underperform’ rating on the stock with a target price of Rs 730.
Shares of Newgen Software Technologies Ltd. tumbled over 17% on Tuesday, following a downgrade by Jefferies from a "Buy" to "Underperform." The brokerage firm cited weaker-than-expected results for the third quarter of FY25 and concerns over the company{sin-quite}s valuations.
Shares of Newgen Software Technologies Ltd. tumbled over 17% on Tuesday, following a downgrade by Jefferies from a "Buy" to "Underperform." The brokerage firm cited weaker-than-expected results for the third quarter of FY25 and concerns over the company{sin-quite}s valuations. Newgen{sin-quite}s Q3 revenues of Rs 380 crore, reflecting an 18% year-on-year growth, missed estimates. While the company reported strong re
Brand Euro Pratik Ltd. on Tuesday submitted its preliminary paperwork to capital markets regulator SEBI, to seek approval for an initial public offering aimed at raising up to Rs 730 crore. The IPO will exclusively consist of an offer for sale, as outlined in the draft red herring prospectus. The company{sin-quite}s stock is proposed to be listed on the National Stock Exchange of India Ltd and the BSE Ltd.
Shares of Bandhan Bank Ltd. traded 0.26 per cent up at Rs 152.75 at around 11:49AM (IST) on Tuesday. The stock had closed at Rs 152.35 in the previous session. Equity benchmark Sensex traded 97.02 points at 76976.42 around the same time.
The Trump administration is expected to take action to weaken the Inflation Reduction Act, which was a significant climate legislation signed by the Biden government in August 2022.
UBS has outlined its base case for the US economy in the wake of US President Donald Trump{sin-quite}s second-term economic agenda, projecting continued growth despite potential challenges from tariffs. While tariffs are likely to rise, they are not expected to derail US economic expansion. UBS expects inflation to continue its downward trajectory, even as new trade policies take shape. One of the key pred
Shares of Multi Commodity Exchange of India (MCX) will remain in focus on Tuesday, January 21, after the company reported a net profit of Rs 160 crore for the third quarter ended December 2024, against a loss of Rs 5 crore in the corresponding quarter of FY24. t
Capital Numbers Infotech IPO kicks-off from today as the company plans to raise around Rs 169 crore through the public offer. The issue includes a fresh equity sale worth Rs 85 crore and an offer for sale (OFS) of 32.2 lakh shares.
Rajeev Agarwal, Fund Manager & Managing Partner, DoorDarshi India Fund, says many times, it is not about whether the business is a good business, but if the price is good enough? It is more of trying to be very careful with where the price is versus what we think the value is. And being conservative, many times they have to exclude some of the market darlings.
On January 17, the closing prices of four stocks from the Nifty500 pack rallied over 1.5% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com{sin-quite}s technical scan data.
Tata Group-backed Indian Hotels Company (IHCL) shares fell as much as 3.9% on Monday to Rs 782.20 on the BSE after the company reported a profit after tax of Rs 633 crore for the quarter ended December, up 33% compared to the corresponding period of the previous fiscal.
The crypto story in India is ready to move beyond the metros with smaller cities showing a strong appetite for crypto adoption. Interestingly, Jaipur secured the sixth spot on the top 10 list after Delhi-NCR, Bengaluru, Mumbai, Hyderabad, and Pune. A significant majority of crypto investors in India (75%) are under the age of 35. Given that about 65% of the country{sin-quite}s total population is under 35 years of age, crypto presents a huge opportunity for investments.
The Nifty future closed in the negative with a loss of 0.50%, at 23,261 levels on Friday. India VIX closed at 15.75 in the previous trading session. On the options front, the maximum Call OI is placed at the 24,000 strike, followed by the 24,500 strike, while the maximum Put OI is placed at the 22,000 strike, followed by the 22,700 strike.
Amid fears that escalating competition from Zepto, DMart, Flipkart Minutes and a potential Amazon entry into the high-growth quick commerce (QC) market could lead to higher cash burn, shares of Zomato and Swiggy have fallen sharply, dropping up to 23% from their recent peaks.
Indian benchmark equity indices, Sensex and Nifty50, ticked higher on Monday, driven by Kotak Mahindra Bank{sin-quite}s strong Q3 performance despite a challenging environment, with notable growth in loans and deposits.
HDFC Securities has an add call on Reliance Industries Ltd. with a target price of Rs 1670. The current market price of Reliance Industries Ltd. is Rs 1291.5. Reliance Industries, incorporated in 1973, is a Large Cap company with a market cap of Rs 1762320.92 crore, operating in Diversified sectors. HDFC Securities has an add call on Reliance Industries Ltd. with a target price of Rs 1670. The current market price of Reliance Industries Ltd. is Rs 1291.5. Reliance Industries, incorporated in 1973, is a Large Cap company with a market cap of Rs 1762320.92 crore, operating in Diversified sectors.
ICICI Securities has a reduce call on L&T Technology Services with a target price of Rs 4110. The current market price of L&T Technology Services is Rs 5375.85 . L&T Technology Services, incorporated in 2012, is a Mid Cap company with a market cap of Rs 56834.23 crore, operating in the IT Software sector.
Motilal Oswal Financial Services has a buy call on Bharat Electronics Ltd. with a target price of Rs 360. The current market price of Bharat Electronics is Rs 279.95. BEL, incorporated in 1954, is a Large Cap company with a market cap of Rs 205295.14 crore, operating in the Defence sector.
ICICI Securities has a reduce call on L&T Technology Services with a target price of Rs 4110. The current market price of L&T Technology Services is Rs 5375.85 . L&T Technology Services, incorporated in 2012, is a Mid Cap company with a market cap of Rs 56834.23 crore, operating in the IT Software sector.
The wealth of the world{sin-quite}s ten richest men grew on average by almost $100 million a day — even if they lost 99% of their wealth overnight, they would remain billionaires, Oxfam said
Shares of Bandhan Bank Ltd. traded 0.56 per cent in Monday{sin-quite}s session at 10:25AM (IST). The stock opened at Rs 150.00 and has touched an intraday high and low of Rs 152.20 and Rs 149.25, respectively, during the session so far.
Shares of Au Small Finance Bank Ltd. 0.25 per cent to Rs 599.25 at 10:45AM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.
Zomato Q3 Results: Food delivery company Zomato Ltd is expected to report strong year-on-year (YoY) growth, fueled by robust operating performance and continued momentum in its quick commerce and Hyperpure businesses.
Share price of ICICI Lombard General Insurance Company Ltd. 1.34 per cent to Rs 1921.00 at 11:01AM (IST) in Monday{sin-quite}s trade. The stock hit a high of Rs 2014.35 and low of Rs 1910.10 so far during the session. The stock had closed at Rs 1947.15 in the previous session.
Share price of ICICI Lombard General Insurance Company Ltd. 1.34 per cent to Rs 1921.00 at 11:01AM (IST) in Monday{sin-quite}s trade. The stock hit a high of Rs 2014.35 and low of Rs 1910.10 so far during the session. The stock had closed at Rs 1947.15 in the previous session.
Motilal Oswal Financial Services Ltd. issued a clarification on rumours around its investments in Kalyan Jewellers Ltd. on Sunday. The allegations, which have been circulating on social media sites too, suggested that employees at the fund manager{sin-quite}s subsidiary, Motilal Oswal AMC, were being bribed to up the fund{sin-quite}s holdings in the Kerala-based jewellery company.
One97 Communications Ltd., the parent company of Paytm, reported a net loss of Rs 208.3 crore for the third quarter of fiscal year 2025, as compared to a profit of Rs 928.3 crore in the previous quarter. However, the loss was still better than analysts{sin-quite} expectations, with Bloomberg consensus estimates predicting a loss of Rs 332 crore.
The selling equity is a different phenomenon. It is a function of different set of parameters, but at least on the currency side if we can reduce our overvaluation, then that reduces the incentive for people to take out money in dollar terms. So, I think that is what has happened over the last one month or so where the rupee has depreciated," says B Prasanna, ICICI Bank.
Shares of microfinance firm CreditAccess Grameen tumbled as much as 5.1% on Wednesday to Rs 910 on the BSE after brokerage firm Goldman Sachs maintained its ‘sell’ rating on the microfinance institutions (MFIs) player, indicating a further downside of 37% from current levels with a target price of Rs 577 per share. Shares of microfinance firm CreditAccess Grameen tumbled as much as 5.1% on Wednesday to Rs 910 on the BSE after brokerage firm Goldman Sachs maintained its ‘sell’ rating on the microfinance institutions (MFIs) player, indicating a further downside of 37% from current levels with a target price of Rs 577 per share.
Minda Corp.{sin-quite}s share price was up by over 5%, with the company looking to acquire a 49% stake in Flash Electronics (India) Pvt. for Rs 1,372 crore. The acquisition is expected to be completed this month. The flagship company of Spark Minda Group will acquire 2.55 crore shares with a face value of Rs 1, the company said in an exchange filing on Wednesday. In addition, the company said there is no n
IT services firm Tech Mahindra Ltd. is among the many companies slated to announce their financial results for the October-December quarter this week. Pune-based Tech Mahindra, a part of Mahindra & Mahindra Group, offers technology consulting and digital solutions to global enterprises across industries. With a market capitalisation of over Rs 1.6 lakh crore, Tech Mahindra is one of the leading
Shares of Maruti Suzuki India Ltd. are poised for the Rs 14,000 mark, as per Bank of America, with the counter already posting over 10% rally this year after ending 2024 on a sour note. The automaker rallied as much as 3.84% on Wednesday after the brokerage upgraded the stock to {sin-quite}buy{sin-quite}. The target price by BofA indicates an upside of 19.2% from Tuesday{sin-quite}s close.The stock faces strong resistance arou
India’s second largest IT services company Infosys is expected to report an year-on-year revenue growth between 4.8% and 6.7%, according to estimates given by five brokerages. The topline could be in the range of Rs 40,698 crore to Rs 41,400 crore. The net profit in Q3FY25 is likely to grow between 5.4% and 12% at Rs 6,438 crore - Rs 6,840 crore.
India’s second largest IT services company Infosys is expected to report an year-on-year revenue growth between 4.8% and 6.7%, according to estimates given by five brokerages. The topline could be in the range of Rs 40,698 crore to Rs 41,400 crore. The net profit in Q3FY25 is likely to grow between 5.4% and 12% at Rs 6,438 crore - Rs 6,840 crore.
Sundaram Alternates (SA), a $850 million alternative asset manager and a part of the Sundaram Finance Group, has deployed Rs 1000 crore across multiple deals in real estate in the last 7 months. .
Shares of Cummins India Ltd. traded 2.44 per cent at Rs 2869.80 at 01:13PM (IST) on Wednesday, even as BSE benchmark Sensex 237.76 points to 76737.39.
"Similar levels would be closer to around 49,100 to 49,200, I think in that range we should see resistance going forward and probably another leg downwards could start from there and we could be headed towards 46,600 in the days to come," says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts.
The initial public offer (IPO) of Laxmi Dental has been subscribed 36.86 times so far on Wednesday, the final day of the bidding process, driven by strong demand from retail individual investors and non-institutional investors (NIIs).
Elara Capital has initiated coverage on Trent Ltd., the retail subsidiary of the Tata Group, with a {sin-quite}buy{sin-quite} rating and a target price of Rs 8,500. The brokerage highlights Trent{sin-quite}s leading position in India’s retail sector, primarily through its well-known brands Zudio and Westside, and anticipates strong growth ahead.
Elara Capital has initiated coverage on Trent Ltd., the retail subsidiary of the Tata Group, with a {sin-quite}buy{sin-quite} rating and a target price of Rs 8,500. The brokerage highlights Trent{sin-quite}s leading position in India’s retail sector, primarily through its well-known brands Zudio and Westside, and anticipates strong growth ahea
Gargi Chaudhuri, Head of iShares Investment Strategy Americas, BlackRock, says there are always risks on the horizon, but she remains constructive for now. In order to deal with any possible risks on the horizon, investors should add hedges in their portfolios, such as fixed income, such as market neutral strategies, and gold.
Shares of Lupin Ltd. 1.44 per cent to Rs 2124.05 at 01:49PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 11,639 shares with a turnover of Rs 2.47 crore till 01:49PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 36.84, while the price-to-book value ratio stood at 5.16.
ETMarkets MF Analysis indicated that more than 15 mutual fund (MF) schemes reduced their holdings in 11 stocks in December 2024 compared to November 2024. Notably, three of these stocks experienced a share price increase of 15% to 25% in fiscal year 2025 so far, while four stocks saw a decline of over 10%, and another four stocks showed no significant change during the same period. (Data Source: ACE MF). Check the list to see if you hold any of these stocks
India’s insurance market is expected to undergo significant expansion, with total premiums projected to reach approximately $222 billion by 2026, up from $131 billion in 2022, positioning the country as one of the fastest-growing insurance markets in the world. This rapid growth can be attributed to a variety of factors, including economic growth, urbanisation, technological advancements, and incr
Crypto prices are showing signs of recovery from the past two trading sessions, ahead of U.S. consumer price data due on Wednesday that could potentially shift the monetary policy outlook. Bitcoin, which had fallen to $89K, a level it hadn’t seen in 24 days, has rebounded strongly, surging to the $97,000 level.
"The large private sector banks is one such pack, while there are of course near term headwinds, credit growth has slowed down, there are pockets of asset quality stress, and margins have been under pressure, we believe that the valuations for that largecap banking space specifically the private sector banks is possibly more than capturing in these kind of headwinds," says Shibani Sircar Kurian, Kotak Mahindra AMC.
Slower-than-expected loan growth, coupled with elevated provisions is likely to keep earnings growth in check for Axis Bank in the third quarter ended December 2024.
Shares of Divi{sin-quite}s Laboratories Ltd. traded 1.75 per cent up at Rs 5892.30 at around 02:04PM (IST) on Wednesday. The stock had closed at Rs 5997.85 in the previous session. Equity benchmark Sensex traded 91.33 points at 76590.96 around the same time.
J Kumar Infraprojects Ltd. shares rose over 2% after it received a Letter of Acceptance by NBCC (India) Ltd. for a group housing project worth Rs 1,073.39 crore. The project also includes operation and maintenance for a period of two years.
A short buildup occurs when open interest and trading volumes rise, accompanied by a decrease in the stock price in the Futures and Options segment. This suggests that traders are anticipating further price declines and are establishing short positions. In Tuesday{sin-quite}s trading session, five stocks saw notable short positions. Here{sin-quite}s the list: Shutterstock.com
Shares of Angel One Ltd. fell more than 7% on Monday after the company reported a decline in its third-quarter earnings. Consolidated total gross revenues for the December quarter stood at Rs 1,263.8 crore, a 16.6% drop from Rs 1,515.6 crore in the three months before. The company’s consolidated Ebitda also saw a decline of 30.7%, falling to Rs 414 crore from Rs 597.7 crore in the previous quarter
Banking and financial space, particularly private banks have "absolute return opportunity" going ahead, while caution looms over industrial companies, according to Vetri Subramaniam, chief investment officer at UTI Asset Management Co.“Banking and financial services is where we have the maximum comfort,” Subramaniam told NDTV Profit in an interview. While acknowledging challenges in the sector, li
Both the benchmark Sensex and Nifty were trading higher at noon on Tuesday. At 12:00 p.m., the NSE Nifty 50 was up 0.44% at 23,190 level and BSE Sensex by 0.37% near 76,600. From HCLTech Ltd., Adani Ports & SEZ Ltd., and Angel One Ltd. to Mahanagar Gas Ltd., here are the stocks that moved the most.
The worry is that if DXY goes back to 121 and that is the one big risk I want to highlight, it is a high probability that it can play out. And if it plays out, that can be a longer-term top also," says Sandeep Tandon, CIO, Quant Mutual Fund.
N Jayakumar, MD, Prime Securities, says despite ongoing market challenges, financials are the best investment option for the next rally. Additionally, the dollar-rupee exchange rate will benefit the pharmaceutical sector, particularly generics and exports. The IT sector may also see gains, with some benefits reaching consumers. Moreover, India{sin-quite}s manufacturing and Production-Linked Incentive (PLI) initiatives will attract investment alongside financials.
Mumbai: ICICI Prudential Mutual Fund said it is "more negative" on small-cap and mid-cap stocks even after the declines. "We hold on to our view that small-caps and mid-caps are more risky and are overvalued compared to large- caps whereas large-caps are in neutral zone as per our framework," said S Naren, executive director & CIO, ICICI Prudential AMC.
Quadrant Future Tek Share Price Live | IPO Listing Live (14 Jan 2025): Quadrant Future Tek, which received strong demand for its IPO, debuted on the exchanges on Tuesday with a 29% premium over the issue price. The stock listed at Rs 370 on the NSE, while the BSE debut price was Rs 374.
Gold prices gained on Tuesday, amid uncertainty around the incoming Trump administration{sin-quite}s policies and fresh positioning ahead of crucial U.S. data for further cues on the Federal Reserve{sin-quite}s monetary policy.
https://economictimes.indiatimes.com/markets/stocks/news/nasdaq-closes-lower-sp-500-up-slightly-as-us-yields-stay-elevated/articleshow/117218903.cms
Capital Infra Trust InvIT, which floated an IPO and received subscription of just over 2 times, will see its units debut on the exchanges on Friday. Ahead of the listing, the company{sin-quite}s shares have no GMP in the grey market.
We are in the middle of the third quarter earnings season where about 11 companies will announce their quarterly results on Tuesday. Key earnings to watch out include from HDFC AMC and Network18.
This is the daily morning update from NDTV Profit. Here’s everything you need to know at the start of your day. Listen to this as a podcast here. The big talking point globally continues to be higher bond yields and the elevated dollar, which is putting pressure on equity markets across the board. US markets fell sharply at the start of the session before recovering ground. At one point in the s
HCL Technologies shares slipped 9.23% on Tuesday, January 14, to their intraday low of Rs 1,805.85 after the IT services company reported a 6% growth in its consolidated net profit to Rs 4,591 crore for the quarter ended December 2024.
Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers that are designed to curb the revenues of the world’s second-largest oil exporter.
further bearishness on Jan 14 Written by Ritesh Presswala, ETMarkets.com|Jan 14, 2025, 09:02:14 AM IST Bearish Signs 1/5 Bearish Signs In the Nifty200 pack, four stocks are witnessing Death Crossovers, according to stockedge.com{sin-quite}s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks{sin-quite} 50-day SMA crossed below their 200-day SMAs on January 13. Take a look:
their 200 DMAs Written by Ritesh Presswala, ETMarkets.com|Jan 14, 2025, 09:07:50 AM IST Downside Ahead 1/9 Downside Ahead In the Nifty 200 pack, eight stocks{sin-quite} close prices crossed below their 200 DMA (Daily Moving Averages) on January 13, according to stockedge.com{sin-quite}s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock{sin-quite}s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
Jio Financial Services Ltd. and Zomato Ltd. are likely candidates to be included in India{sin-quite}s benchmark Nifty 50 in the semi-annual rejig in March, according to JM Financial. Bharat Petroleum Corp. and biscuit-maker Britannia Industries Ltd. may face exclusion from the index.
On Monday, gold and silver settled on a weaker note in the domestic and international markets. Gold February futures contract settled at Rs 78,166 per 10 grams with a loss of 0.33% and silver March futures contract settled at Rs 90,513 per kilogram with a loss of 2.15%.
Leading life insurance company HDFC Life is expected to report healthy growth in its profitability during the third quarter. The profit is seen rising 21% year-on-year (YoY) to Rs 443 crore, according to estimates from Emkay. Meanwhile, Motilal Oswal expects the profit growth to be 19% YoY during the reporting period.
Amid the Larsen & Toubro Ltd. chairman{sin-quite}s controversial remarks advocating a 90-hour work week, the company{sin-quite}s head of domestic HR said that SN Subrahmanyan{sin-quite}s comments have been taken out of context.
On Monday, the rupee logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of 86.70 against the U.S. dollar.
New buy rating from Morgan Stanley with a 25% upside potential might fall short of pulling Mahanagar Gas Ltd. from the {sin-quite}bearish{sin-quite} territory it landed in since falling 45% from its 52-week high.The counter rose over 4% in early trade on Tuesday after the global brokerage initiated coverage with {sin-quite}overweight{sin-quite} and a target price of Rs 1,606 per share. The target price indicates an upside of 25% from th
HDFC Securities has an add call on Avenue Supermarts with a target price of Rs 3950. The current market price of Avenue Supermarts is Rs 3581. Avenue Supermarts, incorporated in 2000, is a Large Cap company with a market cap of Rs 231804.13 crore, operating in Retail sector.
HDFC Securities has an add call on Avenue Supermarts with a target price of Rs 3950. The current market price of Avenue Supermarts is Rs 3581. Avenue Supermarts, incorporated in 2000, is a Large Cap company with a market cap of Rs 231804.13 crore, operating in Retail sector. HDFC Securities has an add call on Avenue Supermarts with a target price of Rs 3950. The current market price of Avenue Supermarts is Rs 3581. Avenue Supermarts, incorporated in 2000, is a Large Cap company with a market cap of Rs 231804.13 crore, operating in Retail sector.
Le Travenues Technology Ltd., operator of online travel agency Ixigo, has received a bullish share price target from JM Financial, which initiated coverage on the stock as the company is "meaningfully outperforming market growth". Ixigo is witnessing expansion across its key business segments — trains, flights, and buses — driven by strong tailwinds in the travel industry, particularly in lower-t
Shares of Asia{sin-quite}s oldest stock exchange, BSE Ltd, surged 4.9% on Tuesday to Rs 5,408.95 on the National Stock Exchange (NSE) after brokerage firm Jefferies upgraded its rating on the bourse to ‘hold’ from ‘underweight’ and significantly increased the target price to Rs 5,250 from Rs 3,500 earlier.
Shares of power financiers PFC and REC surged up to 4.5% in an early trade on the BSE today, January 14, after domestic brokerage firm ICICI Securities initiated coverage on the stocks, issuing "Buy" ratings for both with a target price of Rs 550 for PFC and Rs 600 for REC.
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Monday{sin-quite}s trading session, five stocks witnessed a long unwinding. Here{sin-quite}s the list
Hyundai Motor India Ltd sees a triggering of acceleration in the electrification of the passenger vehicles market in the country in 2025 and 2026, according to company COO Tarun Garg. Set to enter the mass market electric vehicle segment with the EV version of its popular SUV Creta, the company, which plans to bring four EVs in the future, is also looking at different segments, even below the mid
Stock broking platform Groww has held talks with a clutch of investment banks for a potential initial public offering, per people familiar with the matter.
Shares of Crompton Greaves Consumer Electricals Ltd. traded 2.0 per cent at Rs 352.45 at 12:39PM (IST) on Monday, even as BSE benchmark Sensex 640.47 points to 76738.44.
The pan-India festival of Makar Sankranti which celebrates the beginning of the harvest season falls on January 14. With agriculture being the mainstay of the Indian economy, harvest festivals are celebrated with vigour across the country. It also marks the end of the winter solstice and the beginning of summer.
Real estate company Godrej Properties Ltd is expecting around Rs 1,300 crore revenue from its first housing project in Hyderabad. In a regulatory filing on Monday, the company announced the launch of {sin-quite}Godrej Madison Avenue{sin-quite}, its first premium residential project in Hyderabad.
Bitcoin (BTC), the world’s largest cryptocurrency, and other crypto tokens fell on Monday after a stronger-than-expected U.S. jobs report dampened hopes for early interest rate cuts by the Federal Reserve.
month visited India, where he met with Prime Minister Narendra Modi [File] | Photo Credit: REUTERS Microsoft is carrying out job cuts in offices around the world, but employees in India will not lose their jobs in this round, reported The Hindu Businessline.
on Monday ETMarkets.com|Jan 13, 2025, 01:36:15 PM IST On A Low 1/6 On A Low Indian equity indices fell on Monday, with HDFC Bank and ICICI Bank leading the losses, after an unexpectedly strong U.S. jobs report signalled fewer rate cuts by the Federal Reserve amid persistent worries over slowing domestic earnings. Meanwhile, five large-cap stocks from the Nifty 200 index hit 52-week lows. Here’s the list:
The newly designated CEO, Anshul Asawa, is expected to ramp up DMart{sin-quite}s e-commerce playbook to steer growth as the company prepares for a new era. The rapid rise in demand for instant fulfillment, served by quick commerce players such as Zepto, Swiggy Instamart and Zomato{sin-quite}s Blinkit is eating into margins, forcing the supermarket chain to redo its strategy — shutting DMart Ready{sin-quite}s pick-up points to
Max Healthcare Institute Ltd. and Fortis Healthcare Ltd. are Jefferies{sin-quite} preferred picks in the hospital space in 2025, as it expects volume driven growth taking precedence and brownfield expansion being a better strategy than greenfield.
"This momentum is one that should continue because as I said, we are building a company for the long term and all our businesses today essentially firing on all the cylinders. Yes, there is some work to be done in a few areas but that is par for the course at this point and we are essentially seeing the outcomes that result from the efforts that all our associates have put in and that is starting to deliver results for us," says Anish Shah, Group CEO & MD, Mahindra Group.
Crude oil sensitive stocks fell sharply Monday with Indian Oil Corp. hitting its lowest level since Dec. 22, 2023. Hindustan Petroleum Corp. fell to its lowest in over a month, while Bharat Petroleum Corp. share price hit lowest since June 5. The fall came as crude oil price rose as much as 2.17% intraday to $81.49 per barrel — its four-month high — on fresh wave of US sanctions against Russia{sin-quite}s
Shares of Waaree Renewable Technologies continued their losing streak for the fourth consecutive session today, diving 20% in Monday’s intraday trade to hit their lower circuit at Rs 951 on the BSE.
PAG, one of Asia’s biggest alternative asset managers, has agreed to buy a second packaging company in India, seeking to take advantage of the country’s growing pharmaceutical exports. The buyout firm said it has bought a majority stake in Pravesha Industries Pvt, one of the largest pharma-focused packaging firms in India. It follows the acquisition for nearly $1 billion of Manjushree Technopack
PAG, one of Asia’s biggest alternative asset managers, has agreed to buy a second packaging company in India, seeking to take advantage of the country’s growing pharmaceutical exports. The buyout firm said it has bought a majority stake in Pravesha Industries Pvt, one of the largest pharma-focused packaging firms in India. It follows the acquisition for nearly $1 billion of Manjushree Technopack
Refiners, tanker operators, traders and port executives across Asia were scrambling on Monday to manage the fallout from the US’s most aggressive sanctions on Russia’s oil industry to date, and the impact on major importers China and India.
Seeking to tap the "huge growth opportunities", Air India will increase the number of premium economy and business class seats in its aircraft, realign flight timings to carry more connecting traffic and rationalise network to deploy optimum capacity.
The third quarter earnings are underway and about 14 companies will announce their quarterly results on Friday. Key results to watch out include from HCL Tech, Angel One, Delta Corp among others.
Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank, says she is looking at the rupee shifting towards 87-87.50 range against the dollar. She is generally pessimistic about the GDP figures for the full year. Bhardwaj estimates it to be 6.1% for FY25, and next year also brings many uncertainties. Kotak Bank expects the number to be below 6.5%. Considering the significant downside risks to the GDP
The shares of TCS among other companies are expected to gain attention in the upcoming week as their record dates approach for corporate actions such as dividends, right issue bonus share issuances, and stock splits.
Cognizant CEO Ravi Kumar S met Odisha Chief Minister Mohan Charan Majhi on Friday to discuss the development of the American IT firm{sin-quite}s biggest campus in India in the state, a statement said. At the meeting, Majhi said the state government would allot land in Bhubaneswar city for development of the Cognizant campus and provide all support, it said. "Both discussed on developing Cognizant campus i
Waaree Energies Ltd. entered into a share purchase agreement with Enel Green Power Development Srl on Friday to acquire the Indian business unit of one of Europe{sin-quite}s largest renewable energy companies, according to an exchange filing.
Nomura has upgraded Zydus Lifesciences Ltd. to a {sin-quite}buy{sin-quite} from its earlier {sin-quite}neutral{sin-quite} stance, raising the target price to Rs 1,140 from Rs 1,030, implying a potential upside of 16%. Robust earnings growth, favourable currency movement, and strategic partnerships in the US market are key growth drivers, the brokerage said.
NEW DELHI: GTPL Hathway, Tata Elxsi, Pritish Nandy, Indo Farm Equipment and Indian Terrain and others were among the stocks that touched their 52-week lows as of 10:19AM(IST)in Friday{sin-quite}s session.
Sandip Agarwal, Fund Manager, Sowilo Investment Managers, says this quarter is a furlough period, likely leading to weak revenue for most companies, though the tech industry is expected to perform well. Infosys, like TCS, may struggle due to its focus on manufacturing, which often faces furloughs. Tata Elxsi operates in the growing Engineering Research and Development (ER&D) sector, contributing to high stock valuations. Any slight disappointment can cause significant corrections, as seen currently.
The mania in India{sin-quite}s primary market led by the action-packed initial public offerings is likely to bring a sentiment of déjà vu to their listed peers. Like the previous year, foreign investors could flock to these maiden issues, adding to the volatility stocks already face. Foreign funds bought stocks worth $124 million, net of primary and secondary market in 2024. This included an inflow of $14.5
Shares of Indian IT outsourcing giants Infosys Ltd., HCL Technologies Ltd. and Wipro Ltd. got a boost from Donald Trump’s US election win. They will get a chance to comment on how his presidency might affect their businesses when they post earnings. Overall, investors appear to view the incoming administration favorably for the sector, as the NSE Nifty IT Index has outperformed the broader marke
IndusInd Bank shares slipped as much as 3.2% on Friday to Rs 949.20 on the BSE after brokerage firm Goldman Sachs advised a selective approach on the lender, downgrading the stock to ‘neutral’ from a ‘buy’ rating, and slashing the target price by 17% to Rs 1,090 per share.
The rupee dipped 1 paisa to 85.87 against the U.S. dollar in early trade on Friday (January 10, 2025) due to a firm American currency and massive outflow of foreign capital.
JSW Steel Ltd. has reported its highest-ever consolidated crude steel production for the third quarter of financial year 2025, reaching 7.03 million tonnes. This marks a 4% increase compared to the previous quarter and a 2% rise year-on-year.
In order to achieve 8-9% of growth rate by 2036, there is a need for equity mobilisation of Rs 643 lakh crore, State Bank of India Chairman CS Setty said. This has come as deeper and efficient debt and equity markets can be helpful in mobilising and deploying savings, he said at the SAMVAD event organised by Securities Exchange Board of India on Friday. There is a need to widen the pool of liste
IT stocks rallied on Friday, following the release of Tata Consultancy Services Ltd.{sin-quite}s financial results for the third quarter, which were announced on Thursday. The stocks were all trading positively, led by the tech giant, which was trading nearly 6% up.
Indian Railway Catering and Tourism Corp.{sin-quite}s share price rose nearly 5% as it received an {sin-quite}outperform{sin-quite} rating from Macquarie, as the brokerage initiated coverage with a target price of Rs 900 per share. This target represents a potential upside of 16.9% from the stock{sin-quite}s closing price on Thursday. The stock could see returns twice as large, as India progresses with modernising its railway infrastruc
K Krithivasan, CEO & MD, Samir Seksaria, CFO, and Milind Lakkad, CHRO, TCS, in conversation with ET Now after announcement of Q3 results on Thursday. Krithivasan further said that last year also, they said ‘24 would be better and ‘25 will be better than ‘24. Now they we feel ‘26 will be better than ‘25.
Jefferies sees 2025 as a year of reckoning, where earnings delivery will delineate winners from laggards in the Contract Development and Manufacturing Organization stocks. These stocks delivered stellar returns in 2024, despite mixed earnings. The investor confidence and expectations have grown in long-term story.
Shares of leading gaming companies, including Delta Corp. and OnMobile Global Ltd., surged in trade on Friday after the Supreme Court granted a stay on the proceedings regarding show cause notices issued by the tax department. The show cause notices, which are related to the imposition of a 28% Goods and Services Tax on online gaming companies, had been a cause of concern for the industry. "This
The scrip had closed at Rs 367.10 in the previous session. The stock quoted a 52-week low of Rs 335.30 and a high of Rs 494.85. The company quoted a market-cap of Rs 115160.04 crore on the
Shares of Tata Power Company Ltd. 1.93 per cent to Rs 360.00 in Friday{sin-quite}s trade as of 01:33PM (IST) even as the benchmark Nifty ruled at 23507.2, 19.3 points.
The Supreme Court on Friday (January 10, 2025) stayed showcause notices issued by GST authorities worth over ₹1 lakh crore to online gaming companies and casinos over alleged tax evasion.The Supreme Court on Friday (January 10, 2025) stayed showcause notices issued by GST authorities worth over ₹1 lakh crore to online gaming companies and casinos over alleged tax evasion.
The share price of Cholamandalam Investment & Finance Company Ltd. 2.27 per cent to Rs 1258.05 at 01:43PM (IST) in Friday{sin-quite}s trade. The scrip has hit a high of Rs 1290.00 and low of Rs 1239.60 so far during the session. The stock had closed at Rs 1287.35 in the previous session.
The Supreme Court on Friday (January 10, 2025) stayed showcause notices issued by GST authorities worth over ₹1 lakh crore to online gaming companies and casinos over alleged tax evasion.
ndian blue-chip indices fell on Friday as concerns about corporate earnings dampened investor sentiment, with IT stocks being the only exception after comments from sector leader TCS hinted at early signs of a demand revival. Meanwhile, six large and mid-cap stocks from the Nifty 200 index hit 52-week lows. Here’s the list:
The Indian economy is projected to expand by 6.6% in 2025, primarily supported by robust private consumption and investment, according to a United Nations report that said economic growth in South Asia is expected to remain robust this year mainly driven by the "strong performance" in India.
The Adani Group will raise ₹7,148 crore from sale of up to 20% stake in FMCG firm Adani Wilmar in the open market as part of its strategy to exit non-core activities to focus on infrastructure business.
Bitcoin dropped over 5% to $96,200 after hitting the $100,000 mark in the previous session. The decline followed upbeat U.S. economic data, which suggested a strong economy and bolstered the case for fewer rate cuts from the Federal Reserve.
A short buildup occurs when open interest and trading volumes rise, accompanied by a decrease in the stock price in the Futures and Options segment. This suggests that traders are anticipating further price declines and are establishing short positions. In Monday{sin-quite}s trading session, five stocks saw notable short positions. Here{sin-quite}s the list:
The Indian economy is estimated to grow at the slowest pace in four years as per the government{sin-quite}s first advance estimates. While the second half of the fiscal is expected to see some bounce back, economists believe that downside risks to the full year forecasts remain.
Shares of Dr. Reddy{sin-quite}s Laboratories jumped as much as 4% on Wednesday to Rs 1,404.60 on the BSE after brokerage firm Nuvama Institutional Equities upgraded its rating on the stock to {sin-quite}buy,{sin-quite} expressing confidence in the drugmaker{sin-quite}s proactive measures to offset the anticipated financial impact from the patent expiry of its blockbuster cancer drug Revlimid in 2026. Shares of Dr. Reddy{sin-quite}s Laboratories jumped as much as 4% on Wednesday to Rs 1,404.60 on the BSE after brokerage firm Nuvama Institutional Equities upgraded its rating on the stock to {sin-quite}buy,{sin-quite} expressing confidence in the drugmaker{sin-quite}s proactive measures to offset the anticipated financial impact from the patent expiry of its blockbuster cancer drug Revlimid in 2026. Shares of Dr. Reddy{sin-quite}s Laboratories jumped as much as 4% on Wednesday to Rs 1,404.60 on the BSE after brokerage firm Nuvama Institutional Equities upgraded its rating on the stock to {sin-quite}buy,{sin-quite} expressing confidence in the drugmaker{sin-quite}s proactive measures to offset the anticipated financial impact from the patent expiry of its blockbuster cancer drug Revlimid in 2026.
China{sin-quite}s lithium reserves have risen from 6% to 16.5% of the global total, making it the world{sin-quite}s second-largest holder of lithium reserves, state media reported on Wednesday (January 8, 2025).
Lupin Ltd.(down 2.6 per cent), Biocon Ltd.(down 2.56 per cent), Aurobindo Pharma Ltd.(down 1.52 per cent), Torrent Pharmaceuticals Ltd.(down 1.5 per cent) and Alkem Laboratories Ltd.(down 1.44 per cent) were the top losers on the index.
Kalyan Jewellers Ltd. continued to outperform on the back of sustained franchise store-led expansion, deleveraging of balance sheet, according to Citi Research. The brokerage retained {sin-quite}Buy{sin-quite} rating on the stock with Rs 810 target price, which implied a 12.04% upside from Tuesday{sin-quite}s closing price.
The Indian economy is estimated to grow at the slowest pace in four years as per the government{sin-quite}s first advance estimates. While the second half of the fiscal is expected to see some bounce back, economists believe that downside risks to the full year forecasts remain
After witnessing a rally in Tuesday’s session, the shares of Oil and Natural Gas Corporation (ONGC) today continued their rally, surging 2.6% to their day’s high of Rs 270.50 on the BSE after the global brokerage firm CLSA upgraded its rating to ‘High Conviction Overweight-PF’.
“Instead of pursuing cases with tenuous jurisdiction and limited relevance to the U.S. interests, the Department of Justice should focus on punishing bad actors at home, rather than chasing rumours abroad,” said Republican Congressman Lance Gooden.
“Instead of pursuing cases with tenuous jurisdiction and limited relevance to the U.S. interests, the Department of Justice should focus on punishing bad actors at home, rather than chasing rumours abroad,” said Republican Congressman Lance Gooden.
While the Nifty has ended in the green nine times in the last 10 years, energy and financial services are the only sectors that have matched the 50-stock index in terms of positive outcomes. Both sectors have also delivered superior 10-year CAGR returns of 16% and 13%, respectively, versus 11% by the Nifty.
"I want AI to do my laundry and dishes so that I can do art and writing, not for AI to do my art and writing so that I can do my laundry and dishes." This sentiment expressed by author and videogame enthusiast Joanna Maciejewska, that went viral, sums up the anxieties most people have about artificial intelligence.
Realty firm Sobha shares will remain in focus on Wednesday, January 8, after the company reported a total sales value of Rs 1,388.6 crore in Q3 FY25, reflecting a 28.9% decline year-on-year (YoY) but a 17.8% increase sequentially, supported by a new sales area of 1.01 million square feet. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/sobha-shares-in-focus-after-q3-update-sales-value-drops-29-to-rs-1389-crore/articleshow/117041222.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Chakri Lokapriya, Managing Partner, RSB LLP, says the export-facing pharmaceutical companies like Glenmark or Dr Reddy’s could have a slightly higher earnings growth because the world is recovering and they also have product launches. In IT, he would buy both large and midcap IT stocks – be it TCS or Infosys or a Cyient or KPIT. ERD companies are likely to show a stronger outlook.
Bharat Petroleum Corporation (BPCL) shares jumped 2% to a high of Rs 290.55 on the BSE today after the state-owned refiner gave in-principle approval for an IPO of Maharashtra Natural Gas Ltd (MNGL), a joint venture with GAIL and Indraprastha Gas Ltd (IGL).
Welcome to the Tata Motors Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of Tata Motors, including: Last traded price 784.4, Market capitalization: 288912.59, Volume: 6249303, Price-to-earnings ratio 8.67, Earnings per share 90.58. Get a complete picture of Tata Motors{sin-quite}s performance through our
As the Indian pharmaceutical sector enters 2025, Jefferies analysts are advising investors to focus on domestic formulations rather than US generics, highlighting a potential shift in the market dynamics. In 2024, NSE Pharma Index delivered 39% returns, outperforming the Nifty by 30%. Jefferies sees more consistent growth prospects in domestic businesses, especially in the wake of price hikes and
Analysts have recommended buying shares of Metropolis Healthcare, Mahindra & Mahindra Ltd., Godrej Consumer Products Ltd., Ajanta Pharma Ltd., and Alkem Laboratories Ltd. Rajesh Palviya, senior vice president, technical and derivatives research, at Axis Securities, Aditya Arora, founder and multi asset research analyst at Adlytick.in, and Shrikant Chouhan, head of equity research at Kotak Securit
The shares of Info Edge (India), the parent company of Naukri.com, are likely to remain in focus today after the company on Monday (January 6) reported its standalone billings of Rs 668.3 crore for the quarter ending December 31, 2024, marking a 15.8% year-on-year (YoY) increase.
Foreign Institutional Investors (FIIs) aggressively offloaded shares worth Rs 19,848 crore in December 2024 across four key sectors—oil & gas, FMCG, auto, and power. Despite this significant selling, FIIs turned net buyers overall for the month, purchasing Indian equities worth Rs 15,446 crore, marking a sharp reversal from their net selling of Rs 21,611 crore in November 2024. Despite sector-specific retreats, FIIs ramped up their investments in other segments like IT and Realty, signaling selective optimism in the Indian equity market. Here’s a detailed look:
India’s car industry has carried over nearly two months of unsold stock into the new year, underscoring the demand headwinds in the world’s third largest automotive industry.
Shares of Indo Farm Equipment Ltd. debuted on the BSE at Rs 258.40 per share, marking a premium of 20.19% over the issue price of Rs 215. The stock listed on the National Stock Exchange at Rs 256 apiece, at a premium of 19.07%. Indo Farm Equipment{sin-quite}s IPO, which closed on Jan. 2, was subscribed 229.68 times, with demand led by non-institutional investors. The Rs 260.15-crore offering consisted of a
Arvind Fashions Ltd. has got a {sin-quite}long{sin-quite} rating from Equirus Securities with the brokerage expecting company{sin-quite}s profitability to improve as it starts reaping the benefits of corrective actions undertaken in the past three years.
Shares of Info Edge (India), the parent company of Naukri.com, witnessed a notable movement on Tuesday after the company reported a solid business update for the third quarter of financial year 2025. For the quarter ending December 31, 2024, the company posted standalone billings of Rs 668.3 crore, marking a significant 15.8% year-on-year (YoY) increase from Rs 578 crore in the same period last ye
Shares of Paras Defence and Space Technologies surged as much as 10% on Tuesday to Rs 1,066.50 on the BSE after the company said it has secured a license from the Department for Promotion of Industry & Internal Trade (DPIIT) to manufacture Light Machine Guns (LMGs). The company disclosed this development in an exchange filing.
NEW DELHI: Shares of Zota Healthcare, Goldiam Intnl, Cantabil Retail, UPL (PP)and Indraprastha Med, hit their fresh 52-week highs at 10:49AM(IST)on NSE.
The shares of Biocon today rallied 4.4% to an intraday high of Rs 374.55 on the BSE after the foreign brokerage firm Jefferies upgraded the stock’s rating from "Underperform" to "Hold," raising the target price to Rs 400 from the previous Rs 280.
Sunil Subramaniam, Market Expert, says if we are hoping for a pre-budget rally, we have to factor in January 20 when Mr Trump takes charge and the immediate aftermath of his announcements. It is going to keep FIIs on the sidelines a little bit. So, Subramaniam is not hopeful about a pre-budget rally. Market players would rather wait for the Budget to come out and lay it out. They will analyse the Budget along with the earning season, and in February, we will see a specific sector-related action coming both from FIIs and from DIIs.
NEW DELHI: Shares of Bandhan Bank Ltd. traded 1.64 per cent in Tuesday{sin-quite}s trade at 11:00AM (IST). Around 146,833 shares changed hands on the counter.
Kalyan Jewellers India Ltd.{sin-quite}s share price surged nearly 5% after it released its third quarter update, which showed year-on-year consolidated revenue growth of approximately 39% in the December quarter. However, the stock slipped soon after that.
Larsen & Toubro Ltd.{sin-quite}s share price surged after the company secured significant new orders for its Power Transmission & Distribution vertical, both in India and the Middle East. The company did not disclose the exact value of the contracts, but confirmed they fall within the Rs 2,500-5,000 crore range.
The shares of Tata Consumer Products are currently trading around the Rs 960 mark and have shown signs of selling pressure at higher levels, leading to consolidation near its demand zone.
The share price of Shriram Finance Ltd. 0.15 per cent to Rs 2967.40 at 11:16AM (IST) in Tuesday{sin-quite}s trade. The stock has hit a high of Rs 3023.10 and low of Rs 2965.50 so far during the session. The stock had closed at Rs 2962.80 in the previous session.
https://economictimes.indiatimes.com/markets/expert-view/zomatos-long-term-growth-remains-promising-despite-competition-neeraj-dewan/articleshow/117013077.cms
Caplin Point Laboratories Ltd.{sin-quite}s share price rose as the US Food and Drug Administration concluded an unexpected inspection at its Tamil Nadu facility with zero 483 violations. The American drug authority conducted the inspection at Caplin Steriles’ injectable and ophthalmic manufacturing facility located at Gummidipoondi.
NEW DELHI: The Nifty IT index traded around 11:10AM(IST)on Tuesday in an upbeat market. L&T Technology Services Ltd.(up 1.82 per cent), LTIMindtree Ltd.(up 1.16 per cent), Persistent Systems Ltd.(up 1.07 per cent), MphasiS Ltd.(up 1.01 per cent) and Coforge Ltd.(up 0.71 per cent) were among the top gainers.
Share price of Bank of Baroda 1.95 per cent to Rs 232.30 at 11:11AM (IST) in Tuesday{sin-quite}s trade. The counter hit a high of Rs 233.35 and low of Rs 229.25 so far during the session. The stock had closed at Rs 227.85 in the previous session.
The SME initial public offering (IPO) of Fabtech Technologies was fully subscribed on Tuesday with overall subscriptions of 190.53 times by 10:32 AM on the final day of bidding. The company aims to raise Rs 28 crore through the SME IPO, with the shares set to list on the BSE SME platform.
Larsen & Toubro Ltd.{sin-quite}s share price surged after the company secured significant new orders for its Power Transmission & Distribution vertical, both in India and the Middle East. The company did not disclose the exact value of the contracts, but confirmed they fall within the Rs 2,500-5,000 crore range.
Ashoka Buildcon shares will remain in focus on Tuesday, January 7, after its wholly-owned subsidiary, Ashoka Bowaichandi Guskara Road Private Ltd, signed a concession agreement with the National Highways Authority of India (NHAI) for the development of a four-lane economic corridor in West Bengal.
JM Financial has a buy call on Larsen & Toubro with a target price of Rs 3825. The current market price of Larsen & Toubro is Rs 3696.25. Larsen & Toubro, incorporated in 1946, is a Large Cap company with a market cap of Rs 510033.73 crore, operating in the construction sector.
CCI will focus on strengthening enforcement, enhancing collaborations and leveraging technology to ensure fair competition in the country, its chief Ravneet Kaur has said. Competition Commission of India (CCI), which has the mandate to foster fair competition as well as curb anti-competitive practices, has been working on understanding the dynamic interplay between traditional market practices and the rapidly evolving digital economy.
CCI will focus on strengthening enforcement, enhancing collaborations and leveraging technology to ensure fair competition in the country, its chief Ravneet Kaur has said. Competition Commission of India (CCI), which has the mandate to foster fair competition as well as curb anti-competitive practices, has been working on understanding the dynamic interplay between traditional market practices and the rapidly evolving digital economy.
On Friday, gold and silver settled on a mixed note in the domestic and international markets. Gold February futures contract settled at Rs 77,317 per 10 grams with a loss of 0.51% while silver March futures contract settled at Rs 89,221 per kilogram with a gain of 0.05%.
With the US, a lot of good news is discounted and we could have some challenges and the challenges could be that inflation might make a reappearance," says Arvind Sanger, Geosphere Capital Management.
HDFC Securities has an add call on Jubilant Foodworks with a target price of Rs 690. The current market price of Jubilant Foodworks Ltd. is Rs 764.05. Jubilant Foodworks, incorporated in 1995, is a Large Cap company with a market cap of Rs 50323.09 crore, operating in Tourism & Hospitality sector.
Shares of IDBI Bank may remain in focus on Monday after the bank, in its Q3 update, reported a substantial 13% year-on-year growth in its total business reaching Rs 4,89,346 crore, up from Rs 4,33,443 crore in December 2023.
Shares of Titan Company, a key entity in the Tata Group, climbed 2.3% on Monday to Rs 3,527.20 on BSE after the company reported a 24% year-on-year growth in its standalone business during the quarter ended December, the company said in its latest quarterly update on Monday.
SBI Cards & Payment Services Ltd.{sin-quite}s share prices rose over 5% after Nuvama and Nomura upgraded the stock{sin-quite}s rating to a {sin-quite}buy{sin-quite}. The upgrade is attributed to improving credit cost outlook and benefit from potential interest rate cuts. The stock previously had a {sin-quite}reduce{sin-quite} rating. Nuvama increased its target price to Rs 850 from Rs 620 per share. This implies a potential upside of 17.5% over Friday{sin-quite}s c
The special pre-open session for ITC demerger saw the ITC shares correcting by Rs 26 per share on the NSE and Rs 27 per share on the BSE. The demerged value of ITC Hotels will continue to remain dormant on the nearly 50 indices of the NSE and BSE. This means the Nifty 50 will have 51 stocks and Sensex 30 will have 31 stocks, with ITC Hotels remaining dormant at a price of Rs 26 per share on the Ni
NEW DELHI: The Nifty Realty index traded around 11:25AM(IST)on Monday in a weak market. Mahindra Lifespace Developers Ltd.(up 1.15 per cent) were among the top gainers.
After the Indian government confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka amid reports of a virus outbreak creating havoc in China, stock market investors chose to play it safe, with the Sensex falling over 1,100 points and Nifty losing around 1.4%.
Shares of Ashok Leyland Ltd. traded 1.88 per cent at Rs 229.60 at 11:31AM (IST) on Monday, even as BSE benchmark Sensex 692.62 points to 78530.49.
Sensex Today | Stock Market LIVE Updates |After the Indian government confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka and reports of a virus outbreak wreaking havoc in China, stock market investors opted for caution, leading to a drop of over 1,200 points in the Sensex and a decline of approximately 1.4% in the Nifty.
Shares of state-owned ITI Ltd, operating under the Department of Telecommunications, climbed as much as 19.3% on Monday, reaching an intraday high of Rs 545.55 on the BSE.
Shares of Bharat Forge Ltd. 2.23 per cent to Rs 1267.60 at 12:12PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.
Bajaj Finance shares surged 2.5% on Monday to a high of Rs 7,599 on the BSE after reporting a 28% year-on-year (YoY) in its assets under management (AUM) to about Rs 3,98,000 crore as of the quarter ended December 2024, compared to Rs 310,968 crore at the end of the same quarter last fiscal.
Welcome to the JSW Steel Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of JSW Steel, including: Last traded price 901.75, Market capitalization: 221533.67, Volume: 328027, Price-to-earnings ratio 44.32, Earnings per share 20.44. Our liveblog offers a complete overview of JSW Steel through a blend of fundamental and technical indicators. Stay informed about breaking news that can shape JSW Steel{sin-quite}s performance in the market. Our market analysis and expert opinions empower you to make informed investment decisions. Join us as we unravel the potential of JSW Steel in the ever-changing market landscape. The data points are updated as on 06-01-2025 11:18 IST
Shares of NTPC Green jumped 3.6% to an intraday high of Rs 133.05 after the company announced a joint venture (JV) with Uttar Pradesh Rajya Vidyut Utpadan Nigam, a wholly owned state thermal power utility.
Zepto is in advanced discussions to file draft documents by March-April for an initial public offering, as the quick-commerce firm has now secured Singapore{sin-quite}s approval to move its holding entity to India, people aware of the plan said.
Zepto is in advanced discussions to file draft documents by March-April for an initial public offering, as the quick-commerce firm has now secured Singapore{sin-quite}s approval to move its holding entity to India, people aware of the plan said.
https://economictimes.indiatimes.com/markets/stocks/news/moil-shares-in-focus-after-strong-q3-update-sales-rise-13-yoy/articleshow/116900196.cms
A blockbuster year for initial public offerings in India catapulted seven entrepreneurs into the dollar billionaires league, many of them early movers in the country’s booming renewable energy sector.
A blockbuster year for initial public offerings in India catapulted seven entrepreneurs into the dollar billionaires league, many of them early movers in the country’s booming renewable energy sector.
After unlocking value for 36 lakh shareholders of the Kolkata-based diversified conglomerate, shares of ITC Hotels will list on stock exchanges BSE and NSE on Monday but only in a dummy avatar to minimize the impact of the demerger on Sensex and Nifty levels. Investors will not be able to trade in the dummy version of ITC Hotels until the stock is officially listed in the next few weeks.
After unlocking value for 36 lakh shareholders of the Kolkata-based diversified conglomerate, shares of ITC Hotels will list on stock exchanges BSE and NSE on Monday but only in a dummy avatar to minimize the impact of the demerger on Sensex and Nifty levels. Investors will not be able to trade in the dummy version of ITC Hotels until the stock is officially listed in the next few weeks.
The share allotment for Technichem Organics IPO will be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
Welcome to the Asian Paints Stock Liveblog, your ultimate source for real-time updates and analysis of one of the most prominent stocks in the market. Stay on top of the game with our comprehensive coverage, featuring the latest details on Asian Paints stock, including: Last traded price 2341.55, Market capitalization: 224596.16, Volume: 551309, Price-to-earnings ratio 49.16, Earnings per share 47.63. Get a holistic
JPMorgan rates Adani Wilmar {sin-quite}underweight{sin-quite} after the Adani group announced it will exit the FMCG company. Morgan Stanley shares its take on the year that was, for the Indian markets. Citi reiterates 90-day catalyst watch on Indus Towers, and JSW Energy is Motilal Oswal{sin-quite}s preferred pick in the power and utilities sector. Nomura is also bullish on the aforementioned stock. NDTV Profit tracks what t
Foreseeing Varun Beverages (VBL), PepsiCo{sin-quite}s largest franchise bottler in India, set for outperformance, domestic brokerage firm Antique Broking has given a target price of Rs 710 on the stock while retaining their ‘buy’ rating on the same.
New Delhi, Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue. Also aiding the run is a dovish tilt in monetary policy and buying by central banks, but if the geopolitical crisis eases, the precious metal will turn weak on depreciating rupee.
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says the commodity-related businesses would appear to be more promising going forward along with the finance business as the chances of rate reduction are likely to continue for next six to eight quarters. It could possibly mean that some of the banking and financial companies which have disappointed in the last one-and-a-half years, start doing more.
Shares of Bank of Baroda 0.0 per cent to Rs 240.55 in Tuesday{sin-quite}s trade as of 11:16AM (IST). The stock hit a high price of Rs 241.75 and low of Rs 239.25 during the session.
JPMorgan rates Adani Wilmar {sin-quite}underweight{sin-quite} after the Adani group announced it will exit the FMCG company. Morgan Stanley shares its take on the year that was, for the Indian markets.
https://economictimes.indiatimes.com/markets/expert-view/2025-investment-strategy-focus-on-domestic-companies-as-global-risks-loom-punita-kumar-sinha/articleshow/116819150.cms
Nuvama has hiked its target price for Jindal Steel & Power Ltd., citing that the company’s initiative to resolve bottlenecks in its pellet plant operations can accelerate production volumes. Management remains confident that these issues will be addressed by January, with both the ramp-up of existing capacity and the commissioning of new capacity expected to drive significant volume growth.
Varun Beverages set for outperformance, shares may rally 10%: Antique Broking
JPMorgan rates Adani Wilmar {sin-quite}underweight{sin-quite} after the Adani group announced it will exit the FMCG company. Morgan Stanley shares its take on the year that was, for the Indian markets. Citi reiterates 90-day catalyst watch on Indus Towers, and JSW Energy is Motilal Oswal{sin-quite}s preferred pick in the power and utilities sector. Nomura is also bullish on the aforementioned stock.
Adani Wilmar has garnered mixed recommendations from leading financial firms, reflecting differing perspectives on its valuation and operational outlook after Adani Enterprises plans to exit its 25-year-old joint venture with Wilmar International in a deal worth around $2 billion.
2025 will likely be very different from 2024 with possibly moderate returns from large-cap stocks and flat-to-negative returns for the bulk of mid-cap and small-cap stocks. In the case of {sin-quite}narrative{sin-quite} stocks in capital goods, defence, electricity sectors and PSUs, despite the recent large correction, there is likelihood of {sin-quite}large negative{sin-quite} returns.
Shares of Unimech Aerospace And Manufacturing Ltd. debuted on the BSE at Rs 1,491 per share, marking a premium of 89.94% over the issue price of Rs 785. The stock listed on the National Stock Exchange at Rs 1,460 apiece, at a premium of 85.99%.
Neelkanth Realtors Ltd. has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India. The initial public offering will entirely include a fresh issuance of 1.35 crore shares with a face value of Rs 10 each. The company disclosed that there will be no offer-for-sale by promoters and investors. Swastika Investmart Ltd. is the book running lead manager and Link Intime I
Electrical equipment manufacturer Fujiyama Power Systems Ltd. filed its preliminary papers for its initial public offering on Dec. 28. The IPO is a fresh issue of shares aggregating to Rs 700 crore, with an offer-for-sale segment of two crore shares. The expected launch date of the offer is yet to be announced.
Devina Mehra, Founder & CMD, First Global, says Indians no longer need to rely solely on gold for currency investments. The Reserve Bank of India{sin-quite}s liberalised remittance scheme (LRS) offers a great opportunity. You can invest in various places around the world. The scheme is quite generous in terms of the amount you can send. Many Indians may not consider global investing seriously, often thinking it only means buying a few well-known US stocks or a Nas ..
State-run Indian refiner Bharat Petroleum Corporation Limited (BPCL) is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview. State refiners, which typically buy Russian oil in the spot market rather than under long-term contract, are unable to procure about 8 million to 10 million barrels of crude for January, 2025 loading that they have previously seen available in the market, sources said earlier this month.
A record 3.4 million young Chinese flocked to the civil service exam this year, lured by the prospect of lifetime job security and perks including subsidised housing as an economic slowdown batters the private sector and youth unemployment remains high. Applicant numbers, which surged by over 400,000 from last year and have tripled since 2014, reflect the huge demand for stability from disillusioned Gen Z Chinese and the lack of attractive options in the private sector even though local governments are struggling to pay wages due to a fiscal crisis.
The SME IPO of Citichem India has been subscribed 82 times so far on the second day of the bidding process. The issue opened for subscription on Friday and will close on December 31.
Wearing a safety belt, helmet and work boots, Raju Nishad navigates the scaffolding, hammering blocks that will form part of a building in a new neighbourhood in central Israel{sin-quite}s town of Beer Yaakov. While he and other Indians working alongside him do not look out of place on the expansive construction site, they are relative newcomers to Israel{sin-quite}s building industry.
The goal of the National Urban Cooperative Finance and Development Corporation is double the bottomline of urban cooperative banks in the next years, according to its Chairman Jyotindra Mehta. NUCFDC—an umbrella body launched for urban cooperative lenders by the Ministry of Cooperation earlier this year—aims to launch few products in the next few months which will provide compliance support, Meht
Resentment among a section of Akasa Air pilots continued allegedly over training issues with these pilots seeking a detailed Directorate General of Civil Aviation audit of the airline a day after the regulator ordered suspension of two senior airline officials for certain lapses, according to a communication. In a detailed communication to the civil aviation ministry and the DGCA on Saturday, the
For the rupee, this year has been a story in quarters - and the last hasn{sin-quite}t been particularly flattering. The pace of its retreat against the US dollar adds, at least theoretically, imports-fed inflation risks, and another layer of complexity to a decision on the cost of funds in an economy that logged its most circumspect pace of growth in seven quarters in the three months to September
Mumbai: The rupee has depreciated over 3% in this calendar year, touching an intraday record low of 85.80 per US dollar on Friday, from 83.19/$1 at the start of 2024. Treasury executives and dealers expect this volatility to continue for the next quarter, and expect the rupee to weaken to 86.50/$1 by March 2025, before stabilising as we enter the next fiscal year.
ET Intelligence Group: Indo Farm Equipment, a manufacturer of tractors and pick-and-carry cranes, plans to raise up to ₹185 crore through a fresh issue of shares and up to ₹75 crore through an offer for sale. The promoter stake will fall to over 69% after the IPO from nearly 94%.
Asian stocks were mostly lower in early trading after US equities dropped on Friday, led by losses in technology shares. The MSCI Asia Pacific Index snapped a five-day rally as shares slipped in Australia while Japan’s Nikkei 225 Stock Average also fell. Treasuries were little changed in early trading after yields climbed last week. Trading is likely to remain slim — amplifying potential moves —
Within the FMCG pack, ITC stock has shown relatively higher strength and formed a base around its previous consolidation range{sin-quite}s support zone of neckline (breakout) area. Traders can buy for a target of Rs 530 in the next 2-4 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
2024 is a year that many crypto investors will toast even decades from now. After the U.S. voted Donald Trump back into the White House, Bitcoin rose till it crossed $100,000 in price for the very first time, signalling traders’ excitement and hopes for the coming year.
Shares of Ola Electric slid 4.6% to an intraday low of Rs 85.93 on the BSE following the resignations of two senior executives: Chief Technology and Product Officer Suvonil Chatterjee and Chief Marketing Officer Anshul Khandelwal, effective Friday.
India{sin-quite}s bank guarantee relief to the telecom industry will boost 4G and 5G investments in India, according to private telecom operator Vodafone Idea Ltd. This waiver is a clear indication of the government’s continued support to the telecom industry, Vodafone Idea said in a statement on Dec. 28. "It will ensure that the exposure of the banking system is utilized by telecom operators towards furth
IL&FS Engineering and Construction Company shares jumped 5% to hit their upper circuit at Rs 41.05 in an intraday session after the company secured a project worth Rs 302.82 crore of Bhubaneswar Metro Phase-I from Ceigall India.
Stay up-to-date with the Tech Mahindra Stock Liveblog, your trusted source for real-time updates and thorough analysis of a prominent stock. Explore the latest details on Tech Mahindra, including: Last traded price 1736.7, Market capitalization: 168334.82, Volume: 1628738, Price-to-earnings ratio 51.34, Earnings per share 33.45. Get a comprehensive understanding of Tech Mahindra with our coverage of both
Shares of Mahindra & Mahindra (M&M) are likely to remain in focus in today’s session as the company announced that its subsidiary Mahindra Susten (MSPL) has further incorporated a new subsidiary Ultrogen Hybren. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/mm-shares-in-focus-on-incorporation-of-new-step-down-subsidiary/articleshow/116783302.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Vodafone Idea shares will remain in focus on Monday after Vodafone Group cleared Rs 11,650 crore of outstanding dues raised against its shareholding in Vodafone Idea. The group had pledged nearly its entire stake in the cash-strapped telco as collateral for the debt.
Gem Aromatics Ltd. has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India to raise up to Rs 175 crore through an initial public offering. The initial public offering will include a fresh issuance of equity shares worth Rs 175 crore, along with an offer-for-sale of 89.24 lakh shares by promoters and investors. US-based doTERRA Enterprises, an investor since 201
JM Financial Ltd., Axis Capital Ltd., HSBC Securities and Capital Markets Pvt., ICICI Securities Ltd., IIFL Capital Services Ltd., Kotak Mahindra Capital Co. and SBI Capital Markets Ltd. were the book-running lead managers for the issue.
The National Stock Exchange (NSE) and the BSE have released their trading holiday calendar for 2025. As per the calendar, there will be a total of 14 stock exchange holidays in 2025, apart from the weekends when the markets remain closed for trading. October and April will have the most BSE and NSE holidays in 2025, with three holidays each, because of festivals and other observances. March and
Motilal Oswal Financial Services has a neutral call on TCI Express with a target price of Rs 940. The current market price of TCI Express is Rs 828.35. TCI Express, incorporated in 2008, is a Mid Cap company with a market cap of Rs 3185.73 crore, operating in the Logistics sector.
So, they do not see any need to take these measures politically. Now, economically, there is a need because consumption has been stuck in a groove for more than two years now, not moving," says Sandip Sabharwal, asksandipsabharwal.com.
Shares of Carraro Ltd. debuted on the National Stock Exchange at Rs 651 apiece, at a discount of 7.53% over issue price of Rs 704. The stock listed on the BSE at Rs 660 per share, marking a discount of 6.25%.
Making it a tale of two halves, December month has been a forgettable one for the secondary market with the Sensex losing 1,100 points but a long Santa rally is being seen in the primary market where at least 5 IPOs have given multibagger returns in the festive month.
Hem Securities has a buy call on Amara Raja Energy & Mobility with a target price of Rs 1395. The current market price of Amara Raja Energy & Mobility Ltd. is Rs 1208. Amara Raja Energy & Mobility, incorporated in 1985, is a Mid Cap company with a market cap of Rs 22131.43 crore, operating in Auto Ancillaries sector.
Shares of Adani Enterprises, which is currently involved in incubating airports, manufacturing solar modules and WTG, green hydrogen, road construction, data centers, copper, and more, rose by up to 4% to Rs 2,502.60 on Monday after brokerage firm Ventura Securities set a target price of Rs 3,801 for the next two years. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/adani-enterprises-shares-rally-4-as-ventura-gives-rs-3801-target-price/articleshow/116785905.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Shares of Adani Enterprises, which is currently involved in incubating airports, manufacturing solar modules and WTG, green hydrogen, road construction, data centers, copper, and more, rose by up to 4% to Rs 2,502.60 on Monday after brokerage firm Ventura Securities set a target price of Rs 3,801 for the next two years.
NEW DELHI: Quite a few stocks rose in excess of 10% on BSE as domestic equity indices, BSE Sensex and NSE Nifty, traded in the on Monday amid in frontline bluechip counters.
Commuters using popular ride-hailing apps like Uber and Ola have raised concerns over fare discrepancies, as per a recent survey by LocalCircles. While some users have reported that as soon as they modify their pick-up location, the price of the ride surges by Rs 100 to Rs 200.
Vodafone Idea shares will remain in focus on Monday after Vodafone Group cleared Rs 11,650 crore of outstanding dues raised against its shareholding in Vodafone Idea. The group had pledged nearly its entire stake in the cash-strapped telco as collateral for the debt.
NTPC Ltd., Punjab National Bank Ltd., IndusInd Bank Ltd. and Adani Enterprises Ltd. are among the seven companies that are expected to see strong net passive inflows due to the rejig of the NSE indices, Nuvama Institutional Equities said.
Retail investors often aspire to identify the next multibagger stock—a company that delivers exponential returns on investment. However, achieving this requires a blend of meticulous research, strategic foresight, and patience.
Retail investors often aspire to identify the next multibagger stock—a company that delivers exponential returns on investment. However, achieving this requires a blend of meticulous research, strategic foresight, and patience.
NBCC Ltd. saw a surge in its stock price after the company announced the receipt of multiple work orders valued at approximately Rs 368.75 crore. These orders span several high-profile infrastructure projects, further bolstering the company{sin-quite}s business portfolio.
Size of the opportunity is very good. In retail, and this be true for any form of retail, you got to get your unit economics right. And if you get your unit economics right, that is to say per unit order or per unit quick commerce transaction, more than cost of capital, then the sky is the limit for you and I think Zomato has the first mover advantage, they have got the unit economics right, they have broken even, they are making contribution margin which are positive and now it is only about ex ..
The year 2024 was a strong one for equities, and election mandates globally have paved the way for a strong 2025. Money supply is expected to grow globally, with: 1) the US set to cut income tax rates, 2) China increasing its stimulus to revive the economy, and 3) the Indian BJP manifesto aiming to increase Capex and jobs. Indian equities underperformed globally in 2024 due to lower credit offtake, weaker consumption, and relatively slower earnings growth. We expect that the increase in governme ..
Gold February futures contracts at MCX opened flat on Friday at Rs 76,900 per 10 gram, which is up by 0.1% or Rs 73 while silver March futures contracts were trading higher at Rs 89,994/kg, up by 0.4% or Rs 358.
Triveni Engineering & Industries Ltd.(up 1.56%), Ugar Sugar Works Ltd.(up 1.41%), Sakthi Sugars Ltd.(up 0.78%), Bannari Amman Sugars Ltd.(up 0.76%), Rajshree Sugars & Chemicals Ltd.(up 0.68%), Rana Sugars Ltd.(up 0.59%), Dwarikesh Sugar Industries Ltd.(up 0.58%), Shree Renuka Sugars Ltd.(up 0.53%), KCP Sugar & Industries Corporation Ltd.(up 0.51%) and Avadh Sugar & Energy Ltd.(up 0.45%) were among the top gainers.
Shares of Siemens Ltd. traded 0.34 per cent up at Rs 6680.75 at around 11:06AM (IST) on Friday. The stock had closed at Rs 6703.75 in the previous session. Equity benchmark Sensex traded 430.09 points at 78902.57 around the same time.
NEW DELHI: Quite a few stocks rose in excess of 10% on BSE as domestic equity indices, BSE Sensex and NSE Nifty, traded in the on Thursday amid in frontline bluechip counters.
NEW DELHI: FMCG stocks were trading lower on Thursday at 10:54AM Prataap Snacks Ltd.(up 2.99%), Sheetal Cool Products Ltd.(up 2.84%), Umang Dairies Ltd.(up 2.12%), Honasa Consumer Ltd.(up 0.04%) and Nestle India Ltd.(up 0.04%) were among the top gainers.
The small and midcaps are also trading at valuations which are significantly ahead of largecaps because largecap stocks have not done as well. Like you said, I mean, we are up 10% on the Nifty versus say 25% on the small and mids," says Ashwini Agarwal, Founder, Demeter Advisors.
NEW DELHI: Shares of International Gemmol, One Mobikwik Systems, KFIN Technologies, Kohinoor Foods and Newgen Software, hit their fresh 52-week highs at 10:59AM(IST)on NSE.
Shares of Siemens Ltd. 0.88 per cent to Rs 6712.90 in Thursday{sin-quite}s trade. It hit a high of Rs 6718.00 and low of Rs 6648.00 during the session.
Ola Electric shares jumped up to 6% to day{sin-quite}s high of Rs 99.9 on Thursday after announcing that it has opened over 3,200 new stores co-located with service centres, making it India’s largest EV expansion at one go.
India{sin-quite}s IPO activity has been unprecedented this year raising record amounts of capital, driven by strong investor demand and impressive returns on debut and later.
The persistent rise in wheat flour or atta prices — a staple for crores of rural Indians — has led to reduced consumption, hurting growth of the fast-moving consumer goods sector, according to a Kantar report. Prices for wheat flour are currently at a 15-year high.
The rupee fell 5 paise to hit a new all-time low of 85.16 against the US dollar in early trade on Tuesday (December 24, 2024), amid strengthening American currency and sustained outflow of foreign capital. Forex traders said higher dollar demand as well as an upward momentum in crude oil prices due to volatile geopolitical situation pushed the local unit further downward even as a positive domestic equity market provided some cushion.
The strong bull market in CY24 allowed Indian firms to access capital at higher valuations, where Indian companies raised a staggering Rs 3.5 lakh crore (USD 41bn) across 438 diverse issuances. While CY24 witnessed IPOs raising Rs 1,62,800 crore, with an impressive 31% weighted average listing premium, some IPOs disappointed the investors by listing on discounts as high as 46%, according to a report by domestic brokerage firm Nuvama. Here are the top 10 IPOs of the calendar year 2024, which gave listing discounts of up to 46%:
Websol Energy System Ltd.{sin-quite}s share price extended its gains to a fourth consecutive session and hit its lifetime high after the company informed the exchanges that it has placed purchase order for equipment for its additional capacity of 600 MW Cell line at Falta Plant.
Engineering solutions company Unimech Aerospace and Manufacturing Ltd.{sin-quite}s initial public offering has been subscribed 5.08 times so far on its second day of bidding on Tuesday. The grey market premium of Unimech Aerospace{sin-quite}s IPO is Rs 510 as of 5:04 a.m., according to InvestorGain. This implies that the shares of the company will likely list at Rs 1,295 apiece, indicating a 64.97% premium to the up
The PSU banks they have also seen couple of quarters where the NPA inched up again and then last quarter was a little better for some of the PSU banks, the large ones like State Bank, or even the other banks like Union Bank, J&K Bank, they showed decent numbers last quarter. So, these should do well in the coming year because we have seen good consolidation happening in this segment of the market," says Neeraj Dewan,
Engineering solutions company Unimech Aerospace and Manufacturing Ltd.{sin-quite}s initial public offering has been subscribed 5.08 times so far on its second day of bidding on Tuesday. The grey market premium of Unimech Aerospace{sin-quite}s IPO is Rs 510 as of 5:04 a.m., according to InvestorGain. This implies that the shares of the company will likely list at Rs 1,295 apiece, indicating a 64.97% premium to the up
NEW DELHI: Shares of AdityaBirlaMoney, Asian Hotels, Sundaram Brake, KFIN Technologies and Mohit Inds, hit their fresh 52-week highs at 10:49AM(IST)on NSE.
NEW DELHI: Shares of Avenue Supermarts Ltd. traded 0.51 per cent in Tuesday{sin-quite}s trade at 10:50AM (IST). Around 8,526 shares changed hands on the counter.
Shares of Sagility India soared by 5% to hit the upper circuit of Rs 48.91 on the BSE after the global brokerage firm JPMorgan initiated coverage on the stock with an "Overweight" rating and a target price of Rs 54.
Biocon Ltd and its European partner, Zentiva, have received a decentralised procedure approval in the European Union for their complex formulation, Liraglutide used in the treatment of diabetes and weight management. The approval is for the generic versions of Victoza to treat Type-2 Diabetes and Saxenda used in the treatment of weight management, Biocon Ltd said in a regulatory filing.
Shares of Punjab National Bank traded at Rs 101.80 on BSE at 10:55AM (IST) on Tuesday, 0.39 per cent from previous close.
Antique Stock Broking Ltd. has raised its target price on ITC Ltd. to Rs 563, maintaining a {sin-quite}buy{sin-quite} rating, citing the company{sin-quite}s resilience in a challenging consumer environment. The brokerage highlighted ITC’s strategy of offering cigarettes at various price points, which has helped it counter aggressive competition, and its premium FMCG portfolio across food and personal care, which is expected to
Triveni Engineering & Industries Ltd.(up 6.15%), Dalmia Bharat Sugar and Industries Ltd.(up 2.91%), Rajshree Sugars & Chemicals Ltd.(up 2.47%), Simbhaoli Sugars Ltd.(up 1.96%), KM Sugar Mills Ltd.(up 1.73%), Kothari Sugars & Chemicals Ltd.(up 1.34%), DCM Shriram Industries Ltd.(up 1.29%), KCP Sugar & Industries Corporation Ltd.(up 1.21%), Ponni Sugars(Erode)Ltd.(up 1.10%) and Magadh Sugar & Energy Ltd.(up 1.08%) were among the top gainer
The share price of MphasiS Ltd. 0.06 per cent to Rs 2974.70 at 11:00AM (IST) in Tuesday{sin-quite}s trade. The counter has hit a high of Rs 3008.65 and low of Rs 2956.05 so far during the session. The stock had closed at Rs 2976.65 in the previous session.
Elon Musk’s AI startup xAI is working on an iOS app to allow more iPhone users to access the product, according to an app store listing, while the company has announced its Series C funding round of $6 billion. “Introducing Grok Beta for iOS: get access to xAI’s latest model, Grok 2, for free. Grok is an AI-powered assistant designed to be maximally truthful, useful, and curious. Get answers to any question, generate striking images, and upload pictures to gain a deeper understanding of your world. With Grok, the universe is in your hands!” said the Apple app store listing for the Grok app.
The rally witnessed in the recently listed Sagility India Ltd. has more legs before the stock will see a temporary setback in February when the second lock-in date for anchor investors will end. Top brokerages foresee double-digit revenue growth with "structural tailwinds" and "deep domain expertise", which will eventually help trigger the price of the stock.
In the Nifty500, we have collated a list of four stocks that witnessed a 5-year swing high at the close on December 20, suggesting bullishness in counters, according to stockedge.com{sin-quite}s technical scan data. A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it{sin-quite}s worth noting that this is different from a 5-year breakout, which occurs when a stock{sin-quite}s price surpasses a key resistance level that has held for five years or longer.
What do the new Telecommunications (Procedures and Safeguards for Lawful Interception of Messages) Rules, 2024 state? Will it override Rule 419A of the Indian Telegraph Rules, 1951?
Shares of Piramal Enterprises surged nearly 3% to their day’s high of Rs 1,123.65 on the BSE after the company’s Board of Directors on Friday approved the company{sin-quite}s plans to raise up to Rs 2,000 crore via issuance of Non-Convertible Debentures (NCDs).
Shares of India Cements skyrocketed 11% to an intraday high of Rs 376.30 on the BSE after the Competition Commission of India (CCI) approved UltraTech Cement’s primary acquisition and the open offer for acquiring a 32.72% equity stake in the former. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/ultratech-cement-shares-in-focus-as-cci-approves-equity-stake-acquisition-in-the-indian-cements/articleshow/116583279.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Motilal Oswal Financial Services has a buy call on MTAR Technologies with a target price of Rs 2100. The current market price of MTAR Technologies is Rs 1627.75. MTAR Technologies, incorporated in 1999, is a Small Cap company with a market cap of Rs 5005.66 crore, operating in the Engineering sector.
Investors should stay away from the overvalued sectors and the sectors where the long-term growth visibility is missing,” says Ashwini K. Shami, EVP & Portfolio Adviser, Omniscience Investment Adviser.
On December 20, 5 stocks from the Nifty500 pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.
Aurobindo Pharma shares jumped 2% to an intraday high of Rs 1,265 on the BSE after its wholly owned step-down subsidiary CuraTeQ Biologics received approval from the UK{sin-quite}s Medicines and Healthcare products Regulatory Agency (MHRA) for Bevgolva, a biosimilar version of bevacizumab, which is used to treat multiple cancers, including metastatic colorectal cancer.
Aurobindo Pharma shares jumped 2% to an intraday high of Rs 1,265 on the BSE after its wholly owned step-down subsidiary CuraTeQ Biologics received approval from the UK{sin-quite}s Medicines and Healthcare products Regulatory Agency (MHRA) for Bevgolva, a biosimilar version of bevacizumab, which is used to treat multiple cancers, including metastatic colorectal cancer.
"One thought that between IRDAI and the Ministry of Finance there was enough that was provided to the Ministry of Finance and therefore it could have been given to the group of ministers," says Ashvin Parekh, Ashvin Parekh Advisory.
Japan{sin-quite}s competition watchdog is expected to find Google guilty of violating the country{sin-quite}s antitrust law, Nikkei Asia reported on Sunday, citing sources. The Japan Fair Trade Commission(JFTC) will soon issue a cease and desist order asking Google to halt its monopolistic practices, the report added.
Shares of Ksolves India are likely to remain in focus on Monday as the company announced on Friday that its board approved a stock split of the company’s shares in the ratio of 1:2.
Union Minister for Heavy Industries and Steel, H D Kumaraswamy, announced on Sunday plans to revive the Sir M Visvesvaraya Iron and Steel Factory in Bhadravati with an estimated investment of Rs 15,000 crore. Speaking at the 87th All India Kannada Literary Conference in Mandya, the Minister stated that this decision aligns with the Modi government{sin-quite}s efforts to address unemployment and focus on in
It{sin-quite}s been a forgetful week for Indian investors as equity markets fell dramatically, erasing the gains of the last four weeks. The benchmark Sensex witnessed a sharp decline, marking a loss of nearly 5% for the week.
Ace fund manager Nilesh Shah is eyeing precision engineering companies that make components for robots as the next sunrise sector in India to tap value.
With December so far delivering Scrooge-like returns in an otherwise stellar year for U.S. stocks, investors hope the tail end of 2024 offers some holiday cheer, but warn of potential headwinds.
Sign up here to receive Talking Point This Week by Niraj Shah, along with daily and weekly newsletters from NDTV Profit on most important market cues, our best reads, research reports and more.The weak was marked by weakness across equity markets. If the Dow created recent records by correcting for 10 straight days (unheard of since 1978), the Sensex was down around 4.5% this week. Not exactly a S
Tata Starbucks on Friday said it is fully committed to the India market, which continues to be a key growth area for Starbucks globally. Tata Consumer Products Ltd. had on Thursday termed reports suggesting that the cafe chain Starbucks is planning to exit the Indian market as {sin-quite}baseless{sin-quite}. "Starbucks is fully committed to the Indian market. Any statements suggesting otherwise are false. Tata Star
https://www.ndtvprofit.com/business/mishra-dhatu-nigam-midhani-pratt-whitney-supply-deal-finalisation
While Nifty ended with a weak-on-weak decline of 4.9% on Friday, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 5,683 crore on screen, which included both buying and selling action.
The global perspective on Bitcoin and crypto has undergone a significant change. This shift, often described through the lens of the Overton Window, marks the movement of crypto from the fringes of financial systems to a central position in economic discourse.
Shark Tank India is set to make a comeback with its fourth season. This time, the popular business reality show will return as an OTT exclusive and will be available only on SonyLiv. New episodes will stream Monday to Friday at 8 p.m., starting Jan. 6. Shark Tank India Season 4 promises exciting pitches as businesses from across India try to seal a deal. The show will feature several new faces on
The BSE Sensex is scheduled to undergo its periodic rebalancing on Monday, December 23, with food delivery platform Zomato expected to replace steel giant JSW Steel in the 30-share benchmark index. The reshuffle is expected to drive $513 million in inflows into Zomato, while JSW Steel could see outflows of $252 million, according to estimates by brokerage firm Nuvama.
In the past week, the crypto market saw some big moves in both directions keeping the crypto community on its toes. Bitcoin hit a new all-time high of $108,250 and other major coins such as Ethereum, XRP and BNB have traded near all-time highs fueled by the anticipation of a 25 basis points rate cut by the Fed. Since the time BTC hit an all-time high, the market dynamics have changed quite a bit, taking the crypto market cap down to $3.2 trillion. Despite the dip, key developments in the establi ..
Brooklyn US Attorney Breon Peace said he will step down Jan. 10, ending a stint as federal prosecutor that included high-profile cases such as singer R Kelly’s trial for sex-trafficking, a fraud indictment of Indian billionaire Gautam Adani and the criminal conviction of a US Congressman.
NEW DELHI: Digjam, Odigma Consultancy, Sanghi Ind, Vishal Mega Mart and Aki India and others were among the stocks that touched their 52-week lows as of 11:06AM(IST)in Friday{sin-quite}s session.
For the first time Chair Powell kind of tipped his hat to that saying we just do not know what is going to go on. So, in this environment with not much in the way of rate cuts, I thought there will only be two actually in the new dot plot. I thought they would be a bit more hawkish. I am surprised the market was so surprised but there you go," says Geoff Dennis, Independent Emerging Markets Commentator.
Bitcoin traded lower for the fourth consecutive day on Thursday, weighed down by Federal Reserve Chair Jerome Powell{sin-quite}s hawkish tone and comments on the potential of a Bitcoin reserve
Bitcoin traded lower for the fourth consecutive day on Thursday, weighed down by Federal Reserve Chair Jerome Powell{sin-quite}s hawkish tone and comments on the potential of a Bitcoin reserve.
NEW DELHI: Vodafone Idea(number of shares traded: 14.21 crore), JP Power(number of shares traded: 5.79 crore), GTL Infra(number of shares traded: 3.28 crore), Vakrangee (number of shares traded: 3.03 crore), YES Bank(number of shares traded: 2.56 crore), Zomato(number of shares traded: 1.75 crore), RBL Bank(number of shares traded: 1.62 crore), Suzlon Energy(number of shares traded: 1.56 crore), PC Jeweller(number of shares traded: 1.44 crore) and GI Engineering(number of shares traded: 1.26 cro ..
The Supreme Court on Friday restored Assets Care & Reconstruction Enterprise Ltd., Shubh Holdings Pte. Ltd., China Development Bank, and Export Import Bank of China as financial creditors of the insolvent Reliance Infratel Ltd. 0
Shares of RBL Bank Ltd. dropped more than 5% in Friday{sin-quite}s trading session after Morgan Stanley Research downgraded its price target for the lender. On Thursday, the brokerage reduced RBL Bank{sin-quite}s target price to Rs 160 from Rs 180, signaling a potential downside of 3.54%. The revised target reflects concerns over higher credit costs and shrinking margins.
Maruti Suzuki India Ltd. share price erased losses ahead of the company revealing its first electric vehicle at Bharat Mobility Expo 2025. It will tease the eBorn, an electric version of the Vitara model at the show at Expo Centre, Greater Noida.
Maruti Suzuki India Ltd. share price erased losses ahead of the company revealing its first electric vehicle at Bharat Mobility Expo 2025. It will tease the eBorn, an electric version of the Vitara model at the show at Expo Centre, Greater Noida.
Sanathan Textiles Ltd.’s initial public offering opened for day two of subscription on Friday. It has been subscribed 0.71 times, or 71%, as of 11:09 a.m. It was subscribed 0.45 times, or 45% on its first day. The grey market premium of Sanathan Textiles was Rs 70 as of 5:04 a.m. on Friday, according to Chittorgarh{sin-quite}s unit, InvestorGain. It was Rs 40 earlier on Wednesday. The estimated listing pr
The markets delivered strong performance in calendar year 2024, but Mirae Asset Sharekhan anticipates a consolidation phase in 2025 due to an economic slowdown. While markets performed well despite a year marked by significant events such as elections in India and the US, rising geopolitical tensions, and the beginning of the interest rate reversal cycle, the rally lost momentum in the fourth qua
Crompton Greaves Consumer Electricals Ltd. expects to double its revenues in the next five years on the back of booming business from e-commerce, quick commerce, and B2C segments, according to the company’s Chief Financial Officer Kaleeswaran Arunachalam.
India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range. Shares of Marico Ltd. rose 0.52 per cent to Rs 638.25 in Thursday{sin-quite}s trade. It hit an intraday high of Rs 640.00 and low of ..
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Thursday{sin-quite}s trading session, five stocks witnessed a long unwinding. Here{sin-quite}s the list:
The Nomura India Investment Fund Mother Fund has picked up a stake in the recently listed Vishal Mega Mart through a bulk deal on Wednesday, buying a stake worth Rs 324.96 crore.
shares of the state-owned State Bank of India (SBI) fell by 2.2% on Thursday to an intraday low of Rs 820.10 on the BSE as the company announced the appointment of Rama Mohan Rao Amara as the Managing Director (MD) of the bank.
In the Nifty500 pack, we have collated a list of five stocks that witnessed a 5-year swing high at the close on December 18, suggesting bullishness in counters, according to stockedge.com{sin-quite}s technical scan data.
Sunil Subramaniam, Market Expert, says in 2025, Trumponomics will play a significant role in shaping the economic landscape. This presents a substantial opportunity for Indians in the PLI sectors to collaborate with China. Given that China is expected to face higher tariffs than India — 60% compared to 10% for India — Subramaniam anticipates that as political relations improve, there could be partnerships forming between China and India. This would allow products to be manufactu ..
Glenmark Pharmaceuticals shares will remain in focus on Thursday after the company acquired a 34% stake in O2 Renewable Energy XXIV Private Limited as part of its commitment to renewable energy initiatives.
https://economictimes.indiatimes.com/markets/stocks/news/lloyds-metals-shares-in-focus-on-acquiring-80-equity-stake-in-thriveni-earthmovers/articleshow/116456534.cms
GIFT City AIF is an efficient way for international investors to access the Indian markets. It takes away the need to open an account in India as investors can invest directly in US dollars in a GIFT fund, that in turn invests into the Indian markets,” says Atul Singh – MD and CEO, LGT Wealth India. Read more at: https://economictimes.indiatimes.com/markets/expert-view/nri-talk-gift-city-aifs-a-game-changer-for-nris-investing-in-indian-markets-says-rajesh-cheruvu/articleshow/116428861.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
HDFC Securities has an add call on Mastek with a target price of Rs 4000. The current market price of Mastek is Rs 3230.4. Mastek, incorporated in 1982, is a Small Cap company with a market cap of Rs 9971.70 crore, operating in IT Software sector.
Shares of PC Jeweller may remain in focus on Friday as the company had announced a 1:10 stock split earlier in September, fixing December 16 as the record date for determining shareholder eligibility.
After getting a steady response on the first day, the IPO of Vishal Mega Mart sailed through on the second day of the bidding process, thanks to strong interest from non-institutional investors. The overall subscription for the IPO, which closes today, stood at 1.53 times.
One of the things that we need for NBFCs to do is, today if you see the upper layer NBFCs are regulated a lot more than what they were previously and almost similar to banks," says Ajay Piramal, Chairman, Piramal Group.
Shares of Zomato tumbled by nearly 2.6% to their day’s low of Rs 277.90 on the BSE following a Rs 803 crore GST demand notice the company received on Thursday. The food delivery company said that it will be filing an appeal against the order.
Relationship with US very critical for India to grow into a fully developed economy by 2047: Amitabh Kant
In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have collated a list of five stocks that witnessed a 5-year swing high at the close on December 12, suggesting bullishness in counters, according to stockedge.com{sin-quite}s technical scan data
In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have collated a list of five stocks that witnessed a 5-year swing high at the close on December 12, suggesting bullishness in counters, according to stockedge.com{sin-quite}s technical scan data
Hindustan Aeronautics Ltd (HAL) shares jumped 2.3% to their intraday high of Rs 4,770 on the BSE after the Ministry of Defence (MoD) announced a Rs 13,500-crore contract with the company to procure 12 Su-30MKI fighter aircraft. The deal, signed on Thursday, December 12, aims to bolster India{sin-quite}s defence capabilities while promoting the ‘Aatmanirbhar Bharat’ initiative.
Hindustan Aeronautics Ltd., infrastructure, pharmaceuticals and cement stocks will be in focus, as brokerages have altered their views on stocks in the sector. UBS retained a {sin-quite}buy{sin-quite} rating on HAL with a target price of Rs 5,700 apiece, implying a potential upside of 22% from the previous close. Jefferies sees the cement industry attempting price hikes in the next two months.
Shares of JK Tyre Industries fell by 2.8% to their day’s low of Rs 419.60 on the BSE in today’s trading session after the company announced that Deutsche Investitions- und Entwicklungsgesellschaft (DEG) will provide the company with a long-term loan of EUR 30 million.
Rail Vikas Nigam Ltd (RVNL) shares fell 2.12% to Rs 461.45 on the BSE on Friday, despite the company receiving a Letter of Acceptance from Southern Railway for a Rs 110.86 crore project in the Chennai Division.
The performance of SME IPO debutants in 2024 has been a mixed bag with over 50% of the company shares trading below their listing day{sin-quite}s close, reflecting challenges related to aggressive pricing and the lack of strong fundamentals for some issuers.
Ashok Leyland shares will remain in focus on Friday after the company announced it has won an order from the Tamil Nadu State Transport Corporation (TNSTC) to supply 1,475 BSVI diesel passenger bus chassis. The total value of the contract is approximately Rs 345.58 crore.
Shriram Finance Ltd., Sammaan Capital Ltd., PC Jeweller Ltd., Vedanta Ltd. and Embassy Office Parks REIT will be the stocks to watch before going into trade on Thursday. Shriram Finance finalised the sale of its housing finance subsidiary to a Warburg Pincus affiliate for Rs 3,929 crore. Sammaan Capital{sin-quite}s board members authorised the fundraising of Rs 2,500 crore via the issue of equity shares, t
Gold nudged higher for a fifth straight session on Thursday to hover near a more than two-week peak, supported by increased expectations of an interest rate cut from the Federal Reserve next week after U.S. inflation data came in line with forecast. Read more at: https://economictimes.indiatimes.com/markets/commodities/news/gold-rises-for-fifth-day-as-us-data-lifts-fed-rate-cut-bets/articleshow/116232362.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
This is the daily morning update from NDTV Profit. This is where we get you up to speed with everything you need to know, to start your day on the right note. Listen to this as a podcast here. Wall Street cheered the latest retail inflation print in the US. The consumer price-based inflation data was along expected lines, rising 2.7% annually and 0.3% sequentially in November. That’s the fastes
The shares of Emerald Tyre Manufacturers made a strong debut on the NSE SME platform on Thursday, opening with a 90% premium at Rs 180.50, compared to its issue price.
Dhananjay Sinha, Co-Head of Equites & Head of Research, Systematix Group, says the fiscal landscape is expected to be challenging, creating a trade-off between addressing individual livelihood concerns and managing government capital expenditures. This may lead to reduced spending on infrastructure. Therefore, Sinha advises caution in investing in these sectors over the next two to three years, favoring consumption and rural-focused themes instead of infrast ..
Muthoot Finance stock has also broken out above the neckline of an Inverted Head & Shoulders pattern, signaling a bullish reversal on a smaller time frame. Traders can buy for a target of Rs 2165-2355 in short to medium term,” Kkunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking, said.
Muthoot Finance stock has also broken out above the neckline of an Inverted Head & Shoulders pattern, signaling a bullish reversal on a smaller time frame. Traders can buy for a target of Rs 2165-2355 in short to medium term,” Kkunal V. Parar, Vice-Pr
Rebel Foods, a startup that specializes in online-only restaurants, unveiled a $210 million funding round, ahead of an initial public offering the company is seeking to pull off by 2026.
Welcome to the Tata Motors Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of Tata Motors, including: Last traded price 788.25, Market capitalization: 290127.29, Volume: 4534577, Price-to-earnings ratio 8.7, Earnings per share 90.58. Get a complete picture of Tata Motors{sin-quite}s performance through our
Grasim Industries shares will remain in focus on Thursday after the company approved the issuance of non-convertible debentures worth up to Rs 2,000 crore in one or more tranches, according to an exchange filing.
ITI share price fell over 7% after hitting its lifetime high of Rs 404 on Tuesday. Today{sin-quite}s fall came after the stock gained 37% in its three-day rally. The exchange had sought clarification from the company on Tuesday with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest o
Indian cement sector can see a price rise of 4% in the second half of financial year 2025, according to CLSA and this will spell good news for the companies which have been hit by low prices pan-India for the past several quarters. However, according to the brokerage, sustainability of these price hikes remains a key monitorable.
Shares of Indian Railway Catering & Tourism Corporation Ltd. 1.49 per cent to Rs 847.35 in Wednesday{sin-quite}s trade as of 11:51AM (IST) even as the benchmark Nifty ruled at 24677.35, 67.3 points.
Shares of Shriram Finance Ltd. 1.41 per cent to Rs 3231.85 in Wednesday{sin-quite}s trade. It hit a high of Rs 3233.35 and low of Rs 3179.20 during the session. Read more at: https://economictimes.indiatimes.com/markets/stocks/stock-watch/shriram-finance-shares-1-41-as-nifty/articleshow/116201329.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Shares of Anil Agarwal owned-Vedanta Ltd. hit a new life high after breaking a key resistance level on Wednesday as sentiments remain upbeat post multiple investment commitments made by the conglomerate. The group is set to invest Rs 1 lakh crore in Rajasthan over the next two to three years to enhance the production capacity of its companies. Chairman Anil Agarwal said that the group firm Hindus
Shares of Marico Ltd. 2.18 per cent to Rs 627.40 at 10:04AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. Shares of Marico Ltd. 2.18 per cent to Rs 627.40 at 10:04AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 34,521 shares with a turnover of Rs 2.15 crore till 10:04AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 51.16, while the price-to-book value ratio stood at 16.73.
ose only. File | Photo Credit: V.V. Krishnan The rupee fell 2 paise to all-time low of 84.87 against the U.S. dollar in early trade on Wednesday (December 11, 2024), amid rising expectations of a shift in the Reserve Bank’s monetary policy stance post the appointment of Sanjay Malhotra as the new RBI Governor. Forex traders said markets now expect a rate cut in the upcoming monetary policy in February. While a muted tone in the domestic market and the overall strength of the U.S. dollar index further pressurised the rupee.
Tesla has resumed its search for showroom space in the national capital. File | Photo Credit: Reuters Elon Musk{sin-quite}s Tesla has resumed its search for showroom space in the national capital, two sources told Reuters, in the first sign it is rethinking entering the Indian market after putting its investment plans on hold earlier this year.
Tesla is evaluating multiple locations including DLF{sin-quite}s Avenue Mall in southern Delhi and the Cyber Hub office and retail complex in nearby Gurugram city
Shares of Raymond Ltd. continued their rally on Wednesday, climbing more than 6% to hit a three-month high, marking the second consecutive day of gains. The stock has gained significant momentum over the past two days.
China stocks surged and commodities and the Australian dollar found support on Tuesday on Beijing{sin-quite}s new promises of rate cuts and a boost to consumption, while global stocks were wobbly ahead of a crucial U.S. inflation reading. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/asian-stocks-rise-on-optimism-over-china-stimulus/articleshow/116153920.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
https://economictimes.indiatimes.com/markets/stocks/news/achyut-healthcare-among-4-stocks-to-track-today-for-stock-split-rights-bonus-and-dividend/articleshow/116154358.cms
This is the daily morning update from NDTV Profit. Over the next few minutes, we’ll bring you up to speed with everything you need to know to start your day ahead of the cur
Vedanta Ltd. has received two orders from the office of GST & Central Excise, imposing a penalty of Rs 1.71 crore along with tax demand and applicable interest, as per a disclosure to the exchanges on Monday.
Swiggy Ltd. has a new taker. The quick commerce player has received an {sin-quite}outperform{sin-quite} rating from CLSA with a target price of Rs 708 apiece, which implied 32% upside potential. The brokerage believes Swiggy significant growth opportunity in both the food delivery and quick commerce space because of the large total addressable market.
Have the Merchant Shipping Act, 1958, and the Coasting Vessels Act, 1838 failed in addressing the contemporary needs of the merchant marine sector? What are some of the international maritime conventions that India has ratified? Will the new Bills address maritime training and education as well?
The NSE Nifty 50 may have been flat since the beginning of the August derivative contract but index heavyweights, which have seen significant price correction, saw their futures open interest position near double since July-end.
Waaree Energies shares jumped as much as 5.6% on Tuesday to Rs 3,139 on BSE after the company received an order for supply of solar modules up to 1 GW from a renowned customer engaged in the business of owning developing and operating renewable power projects in India.
Stay informed with the Grasim Inds Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on Grasim Inds, including: Last traded price 2668.7, Market capitalization: 182482.71, Volume: 18562, Price-to-earnings ratio 40.71, Earnings per share 65.86. Our liveblog combines fundamental and technical insights to provide a holistic view of Grasim Inds{sin-quite}s performance. Stay ahead of the market with breaking news that can influence Grasim Inds{sin-quite}s trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the Grasim Inds Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 10-12-2024 09:18 IST Show more
Radhika Rao, Executive Director and Senior Economist, DBS Bank, who expects a modest recovery in consumption in the second half of the fiscal year, says government spending is likely to show a pickup, with high-frequency indicators experiencing a lift from seasonal demand ahead of festivities.
Continuum Green Energy Ltd. has filed draft papers for an initial public offering of a total size of Rs 3,650 crore for repayment or prepayment of certain outstanding borrowings of its subsidiaries. The issue will include a fresh issue of Rs 1,250 crore and an offer for sale of Rs 2,400 crore by Continuum Green Energy Holdings Ltd., according to its draft red herring prospectus. As of Dec. 9, the
The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar{sin-quite}s prospects.
Emkay Global Financial Services has initiated coverage on GHCL Ltd. with a {sin-quite}buy{sin-quite} recommendation and a target price of Rs 900 by Dec. 2025, implying an upside of nearly 35% from its current market price of Rs 667.2, as of Dec. 6, 2024.
Sampath Reddy, Founder, Azurean Investment Managers, says from a cyclical point of view, metals are going through a down cycle and maybe for a few investors who have the risk appetite with a view of playing this up cycle again, the entry point is right in the metal sector as such. Also, he overall likes the auto sector. The current slowdown being seen in the last couple of months in terms of demand is temporary. They would like to be overweight on auto and a lit ..
https://economictimes.indiatimes.com/markets/stocks/stock-liveblog/tech-mahindra-stock-price-today-live-09-dec-2024/liveblog/116121582.cms
Indian market is likely to consolidate on Monday tracking mixed global cues. The Nifty future closed positive with gains of 0.04% at 24775 levels on Friday. India VIX closed at 14.14 in the previous trading session. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/stocks-to-buy-today-zomato-tata-motors-among-top-9-trading-ideas-for-9-december-2024/articleshow/116122925.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Most stocks of Adani group companies rose in early trade on Monday after Nomura said they are the most attractive among India Inc. The market–cap of Adani companies rose Rs 1,662. 6 crore to Rs 13.59 lakh crore as of 09:23 a.m
Shares of Crompton Greaves Consumer Electricals Ltd. traded at Rs 412.15 on BSE at 10:04AM (IST) on Monday, 1.35 per cent from previous close.
The rupee fell 7 paise to trade at 84.73 against the U.S. dollar in early trade on Monday (December 9, 2024) dragged down by foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks.
(Bloomberg) -- Omnicom Group Inc. is in advanced talks to buy Interpublic Group in a deal that would would create the world’s largest advertising firm, the Wall Street Journal reported, citing people with knowledge of the matter.
Paytm parent firm One 97 Communications Ltd., Ceat Ltd. and Godrej Consumer Products Ltd. will be the stocks in focus before going into trade on Monday. Paytm is poised to sell its 5.4% stake in Japan{sin-quite}s digital payments firm PayPay Corp. to investor SoftBank for $250 million or around Rs 2,000 crore. Ceat has entered into an agreement with the Michelin Group for Camso{sin-quite}s off-highway construction
Emkay Global Financial Services has initiated coverage on GHCL Ltd. with a {sin-quite}buy{sin-quite} recommendation and a target price of Rs 900 by Dec. 2025, implying an upside of nearly 35% from its current market price of Rs 667.2, as of Dec.
Emkay Global Financial Services has initiated coverage on GHCL Ltd. with a {sin-quite}buy{sin-quite} recommendation and a target price of Rs 900 by Dec. 2025, implying an upside of nearly 35% from its current market price of Rs 667.2, as of Dec.
Mark Mobius, Chairman, Mobius Emerging Opportunities Fund, As Trump takes office in January, the Justice Department{sin-quite}s efforts to prosecute international companies are expected to decline significantly. They will likely reduce this type of work. Additionally, it{sin-quite}s crucial to examine the evidence at hand. Much of it may be hearsay, so we need to focus on concrete evidence. Therefore, I wouldn{sin-quite}t rush to judge Adani; I would prefer to review the evidence first. Moreover, the US Justice Department sh ..
In the Nifty200 pack, five stocks{sin-quite} close prices crossed above their 200 DMA (Daily Moving Averages) on December 6, according to stockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look
Emkay Global Financial Services has initiated coverage on GHCL Ltd. with a {sin-quite}buy{sin-quite} recommendation and a target price of Rs 900 by Dec. 2025, implying an upside of nearly 35% from its current market price of Rs 667.2, as of Dec. 6, 2024.
Welcome to the Tech Mahindra Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of Tech Mahindra, including: Last traded price 1776.9, Market capitalization: 173622.8, Volume: 505762, Price-to-earnings ratio 53.05, Earnings per share 33.45. Our liveblog offers a complete overview of Tech Mahindra through a blend of
Welcome to the Tech Mahindra Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of Tech Mahindra, including: Last traded price 1776.9, Market capitalization: 173622.8, Volume: 505762, Price-to-earnings ratio 53.05, Earnings per share 33.45. Our liveblog offers a complete overview of Tech Mahindra through a blend of
Shares of EaseMyTrip-operator Easy Trip Planners rallied over 3% to Rs 17.33 on Monday as the company signed a share purchase agreement to acquire a 49% stake in Dubai-based Pflege Home Health Care Center for Rs 30 crore. Read more at:
Godrej Consumer Products Ltd., Lloyds Metals & Energy Ltd., Reliance Industries Ltd. and Samvardhana Motherson are the top stocks on brokerages{sin-quite} radar. Impacted by an increase in soap prices and unseasonal rainfall slowing down sales of the home insecticides segment, Godrej Consumer expects a “flattish” underlying volume growth. Motilal Oswal sees 20% upside for Reliance Industries. NDTV Profit tr
Shares of Poonawalla Fincorp fell over 3% to Rs 342 in the morning on Monday after the company’s Chief Technology Officer, Dhiraj Saxena, resigned citing harassment by the company’s Chief Human Resources Officer (CHRO).
Shares of EaseMyTrip-operator Easy Trip Planners rallied over 3% to Rs 17.33 on Monday as the company signed a share purchase agreement to acquire a 49% stake in Dubai-based Pflege Home Health Care Center for Rs 30 crore.
Adani Group of companies appears "most attractive" among other Indian corporates, according to Nomura, as the latter remain comparatively expensive. The ports-to-power conglomerate will also be able to withstand recent turmoil brought on by allegations in an indictment by the US Department of Justice, the brokerage said.
Shares of Poonawalla Fincorp fell over 3% to Rs 342 in the morning on Monday after the company’s Chief Technology Officer, Dhiraj Saxena, resigned citing harassment by the company’s Chief Human Resources Officer (CHRO).
JBM Group has entered into a partnership with Singapore-based Keppel Ltd. to drive the global energy transition and sustainable infrastructure growth. The MoU was signed in the presence of Minister of Commerce and Industry Piyush Goyal by Nishant Arya, vice chairman, JBM Group, and Cindy Lim, CEO, Keppel’s Infrastructure Division.
U.S. stocks ended lower on Thursday, with UnitedHealth down sharply and technology shares easing as investors awaited Friday{sin-quite}s jobs report.
The US 10-year bond yields could cross 5% once again if the US government{sin-quite}s fiscal deficit widens further, said Sonal Desai, chief investment officer of Franklin Templeton Fixed Income. In an interview with Nishanth Vasudevan, Desai, who oversees $211 billion of assets under management globally, spoke about what{sin-quite}s in store in 2025, US bond yields, trade tariffs and the US Fed among other things. Edited excerpts:
Indices in the Asia-Pacific region were mixed Friday. At 7:19 a.m., Australia{sin-quite}s ASX 200 was down by 0.6% and Japan{sin-quite}s Nikkei fell 0.7%. While Hong Kong{sin-quite}s Hang Seng rose 0.7% and CSI 300 by 0.07%. US markets gave up gains in Thursday{sin-quite}s session. The Dow Jones Industrial Average and S&P 500 ended 0.55% and 0.19% down, respectively. The Nasdaq Composite index ended 0.17% down. At 7:21 a.m. GIFT Nifty
U.S. stocks ended lower on Thursday, with UnitedHealth down sharply and technology shares easing as investors awaited Friday{sin-quite}s jobs report.
Oil prices slipped in early Asian trading on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026.
RBI MPC Live Updates: Governor Speaks On Inflation In the previous MPC, Governor Das had compared inflation to a horse ready to bolt. He answered today saying, "Horse has made a very valiant effort to bolt; our attempt is to keep it on a tight leash."
The shares of Ganesh Infraworld debuted with a premium of 90% over its issue price of Rs 83 on Friday. The shares were listed at Rs 157.7 on the NSE SME platform. The shares of Ganesh Infraworld debuted with a premium of 90% over its issue price of Rs 83 on Friday. The shares were listed at Rs 157.7 on the NSE SME platform.
In the Nifty200 pack, six stocks{sin-quite} close prices crossed above their 200 DMA (Daily Moving Averages) on December 05, according to stockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
ICICI Securities has reaffirmed its positive stance on a select group of defence stocks following the Defence Acquisition Council{sin-quite}s approval of five major capital acquisition proposals worth Rs 21,772 crore for the Indian armed forces.
https://economictimes.indiatimes.com/markets/stocks/stock-liveblog/asian-paints-share-price-today-live-05-dec-2024/liveblog/115990212.cms
There is a lot riding on the expectation of reduced Goods and Services Tax on life and health insurance premiums, which today attract 18% rate. But that is just one of the factors that is influencing the share price of Niva Bupa Health Insurance Ltd., which listed on the stock markets on Nov. 14. The stock has run-up over 30% this week, triggered by reports of GST tax rate reduction.
Billionaire Gautam Adani{sin-quite}s group companies liquidity seems stable after accounting for near-term maturities for offshore debt, JPMorgan said, adding that Adani Green Energy Ltd.{sin-quite}s bond issue will be in
Jefferies remains bullish on Shriram Finance, citing strong growth potential and robust fundamentals, while JPMorgan adopts a cautious stance on HDFC Bank, highlighting growth constraints despite its "safe haven" status.
Bitcoin rose above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies. Bitcoin has more than doubled in value this year and is up about 45% in the four weeks since Trump{sin-quite}s sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress.
There is a lot riding on the expectation of reduced Goods and Services Tax on life and health insurance premiums, which today attract 18% rate. But that is just one of the factors that is influencing the share price of Niva Bupa Health Insurance Ltd., which listed on the stock markets on Nov. 14. The stock has run-up over 30% this week, triggered by reports of GST tax rate reduction.
UK-based telecom operator Vodafone PLC on Thursday completed its exit from Indus Towers by selling a 3% stake in the company for around Rs 2,800 crore in a block deal. The fund raise, Vodafone said, will be used to to repay debt in Vodafone Idea (Vi).
Karnataka has attracted foreign direct investment (FDI) to the tune of $3.54 billion during the first six months of fiscal 2025, as per data released by Department for Promotion of Industry and Internal Trade (DPIIT) on December 3. According to DPIIT, during the April-September 2024 period, Karnataka reaffirmed its position as a global investment destination by securing the second rank in India for FDI.
Shares of newly listed NTPC Green Energy Ltd. closed 10% higher on Tuesday, as free float declined and demand for shares rose. The green utility firm saw a delivery of 35.5% on the NSE on Tuesday, higher than the market average. But it is the free float which is causing the stock to rise.
Meta said on Tuesday it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the latest big tech company to take interest in atomic power amid an expected boom in electricity demand. The company wants to add 1 to 4 gigawatts of new U.S. nuclear generation capacity starting in the early 2030s, it said in a release. A typical U.S. nuclear plant has a capacity of about 1 gigawatt.
Welcome to the HDFC Life Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of HDFC Life, including: Last traded price 647.85, Market capitalization: 139055.01, Volume: 2529879, Price-to-earnings ratio 82.12, Earnings per share 7.87. Get a complete picture of HDFC Life{sin-quite}s performance through our comprehensive blend of
Welcome to the HDFC Life Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of HDFC Life, including: Last traded price 647.85, Market capitalization: 139055.01, Volume: 2529879, Price-to-earnings ratio 82.12, Earnings per share 7.87. Get a complete picture of HDFC Life{sin-quite}s performance through our comprehensive blend of
The seven-year contract that Zaggle Prepaid Ocean Services Ltd. signed with MasterCard Technology Pvt. recently will result in inflow of new contracts soon. In November, Zaggle announced entering into an agreement with Mastercard for seven years for its product distribution. Under the agreement, Mastercard will recommend the Zaggle SaaS platform as well as the payment and card products to corpora
Analysts have shared {sin-quite}buy{sin-quite} calls on shares of Graphite India Ltd., NMDC India Ltd., Tata Motors Ltd., Hindustan Construction Co. and Union Bank of India. The stock calls came from Aamar Deo Singh, senior vice president of research at Angel One Ltd., Kunal Rambhia, founder of The Street and Amit Goel, chartered market technician, SEBI research analyst and founder of Amit Ventures.
ICICI Securities has a buy call on Bajaj Finance with a target price of Rs 8500. The current market price of Bajaj Finance is Rs 6651.1. Bajaj Finance., incorporated in 1987, is a Large Cap company with a market cap of Rs 411672.79 crore, operating in NBFC sector.
Fairfax India Holdings Corporation has entered into an agreement to acquire an additional 10% equity interest in Bangalore International Airport Limited (BIAL) from Siemens Project Ventures GmbH. BIAL is the operator of the Kempegowda International Airport (KIA). On December 3, the company announced that, once the transaction is completed, Fairfax India’s equity interest in BIAL will increase from 64% to 74% (30.4% to be held by a wholly-owned subsidiary and 43.6% to be held by its subsidiary Anchorage Infrastructure Investments Holdings Limited).
Medical Education and Skill Development, Entrepreneurship and Livelihood Minister Sharan Prakash Patil said that the proposed Multi Skill Development Centre to be established in Gulbarga University will empower the youth, especially young women, to face challenges in the highly competitive digital age.
The Reserve Bank of India’s six-member Monetary Policy Committee on Wednesday began its three-day deliberations to determine the key lending rates. RBI Governor Shaktikanta Das will announce the MPC decision at 10 am on Friday.
Zepto’s Co-founder Aadit Palicha has taken a dig at the need for work-life balance, amid claims about toxic work culture at the quick commerce platform making rounds on social media.
Karnataka has attracted foreign direct investment (FDI) to the tune of $3.54 billion during the first six months of fiscal 2025, as per data released by Department for Promotion of Industry and Internal Trade (DPIIT) on December 3. According to DPIIT, during the April-September 2024 period, Karnataka reaffirmed its position as a global investment destination by securing the second rank in India for FDI.
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Wednesday even as equity benchmark BSE Sensex traded 330.98 points up at 81176.73 amid brisk buying in frontline bluechip counters.
Medical Education and Skill Development, Entrepreneurship and Livelihood Minister Sharan Prakash Patil said that the proposed Multi Skill Development Centre to be established in Gulbarga University will empower the youth, especially young women, to face challenges in the highly competitive digital age.
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Wednesday even as equity benchmark BSE Sensex traded 330.98 points up at 81176.73 amid brisk buying in frontline bluechip counters.
NEW DELHI: Shares of LTIMindtree Ltd. traded 0.21 per cent in Wednesday{sin-quite}s trade at 10:57AM (IST). Around 703 shares changed hands on the counter.
This is the daily morning update from NDTV Profit and I’m Alex Mathew. Here’s everything you need to know at the start of the day.
“We have been observing mixed trends within the NBFC pack and PEL outperforming amid the prevailing corrective phase. Traders can buy for a target of Rs 1430 in the next 2-4 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
The share allotment of Suraksha Diagnostic IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
Extending the winning run to the third straight day, benchmark Sensex jumped 597 points on Tuesday on buying in blue-chip stocks and firm trends in global markets.
Low-cost airline InterGlobe Aviation Ltd. (IndiGo) has filed a law suit against Mahindra Electric Mobility Ltd., a subsidiary of Mahindra & Mahindra Ltd. (M&M), in the Delhi High Court, charging the electric SUV company with trademark infringement. Last week, Mahindra unveiled two electric SUVs among which one is named BE 6e. IndiGo, which has its call sign as 6E, believes that the use of 6e (e in lowercase) is a violation of its identity and trademark.
Mumbai: Rising incidents of skipped payments and higher risk weighting mandated by the regulator have hit credit card additions at Indian lenders even through the festive season, with analysts anticipating a circumspect approach from banks as pockets of the consumption economy show signs of a demand fatigue.
Domestic markets extended gains for the third consecutive session, with Nifty jumping 181 points. Analysts expect markets to gain some momentum in the near term on the back of positive global cues, optimism around enhanced government spending and favourable monetary policy changes by the RBI.
South Korean President Yoon Suk Yeol said he will rescind his martial law decree, giving in to the parliament’s opposition just hours after his dramatic move imposing it that shook markets and surprised other world leaders.
South Korea{sin-quite}s Yoon lifts martial law, honors parliamentary vote * US dollar trims losses vs yen after JOLTS report * China{sin-quite}s yuan falls vs dollar on tariff uncertainty * Fed officials steer clear of giving December rate guidance (Recasts; adds South Korea lifting martial law, new comment; updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, - The euro rose modestly against the U.S. dollar on Tuesday, as political turmoil in France sent traders scrambling for hedging protection against further price swings, with some market participants noting that the crisis could be nearing the end.
Cochin Shipyard Ltd.{sin-quite}s share price surged for the second consecutive session on Tuesday, marking a strong rebound after a brief dip on Friday. The stock hit its upper circuit limit on Monday, achieving its highest level since Oct. 15, 2024.
NEW DELHI: Shares of Banaras Beads, Enviro Infra Enginee, NTPC Green Energy, Niva Bupa Health Ins and EPL, hit their fresh 52-week highs at 11:10AM(IST)on NSE.
State-run Telecommunications Consultants India Ltd (TCIL) will shortly finalise the minimum pricing and terms of an offer-for-sale (OFS) to divest 5-10% of its residual stake in Bharti Hexacom.
HDFC Bank Ltd.{sin-quite}s stock surged to a lifetime high on Tuesday. This rally comes on the back of a major block deal and four other large transactions that saw significant volume of shares change hands. Four large deals of 2.1 lakh, 1.4 lakh, 1.1 lakh and 3.2 lakh shares took place, at Rs 1,837.40 per share. The company{sin-quite}s market cap crossed the Rs 14 lakh crore-mark, but declined later. In the block
NEW DELHI: Shares of Banaras Beads, Enviro Infra Enginee, NTPC Green Energy, Niva Bupa Health Ins and EPL, hit their fresh 52-week highs at 11:10AM(IST)on NSE.
The initial public offer (IPO) of Suraksha Diagnostic received tepid response for the first two days with just 25% subscription. The issue will close for bidding today.
Late Friday evening an announcement by RBL Bank shook the financial world, as the lender said that it is discontinuing its co-branded credit card product with Bajaj Finserv Ltd.Over November, the two partners had held discussions on the future of the partnership, which first began in 2017. This was particularly surprising since in December 2021, both lenders had agreed to continue the partnership
“I believe Capital Goods, Infra, EMS, Hospitals, Pharma, Tourism, Auto, New Energy, E-com, Jewellery etc. are good themes to play at current valuations,” says Amnish Aggarwal, Director - Institutional Equities, PL Capital - Prabhudas Lilladher.
Late Friday evening an announcement by RBL Bank shook the financial world, as the lender said that it is discontinuing its co-branded credit card product with Bajaj Finserv Ltd.Over November, the two partners had held discussions on the future of the partnership, which first began in 2017. This was particularly surprising since in December 2021, both lenders had agreed to continue the partnership
Deepak Shenoy, Founder, Capital Mind, says 2008, or 2013 falls, apart from 2020, were much tougher times than this. While the 2024 crash has been a bad dream, the earlier crashes were nightmares. In 2024, we were down 10%, but we have come back up. The GDP numbers are problematic, but part of it had to do with the relatively slow recovery from the post-election result phase when you did not get as many capex orders.
Rohit Seksaria, Fund Manager, Sundaram Mutual, says the current slowdown in the earnings and the current decline in the market is just a couple of quarters’ phenomena and there are a couple of things which gives us confidence going into the second half. The first is the softer crude prices which will help in corporate margins going into the second half. The government spending has been quite weak in the first half. As the government spends come back in the second half, we will see the corporate revenues and corporate profits reviving.
Mayur Milak, Senior VP, Asian Markets Securities, says they have identified Hero Moto as the top choice in the two-wheeler segment. The recent achievement of sales figures around 9 lakh to 9.5 lakh units per month indicates that they have effectively managed the excess entry-level inventory at their dealerships. This positions them favorably for future production increases. In contrast, competitors like TVS and Bajaj are facing significantly higher inventory levels at their dealerships compared to Hero. Milak recommends a buy on Hero and a sell on Bajaj Auto.
Gold price today stood at Rs 76,680 as of 7:10 a.m., according to the India Bullion Association. The price had seen a marginal recovery hovering over the Rs 77,000-mark on Monday and the price today has held just over the Rs 76,500-mark.
Benchmark indices Sensex and Nifty ended higher on Monday amid buying in blue-chip stocks and a firm trend in the US markets.
Rohit Seksaria, Fund Manager, Sundaram Mutual, says the current slowdown in the earnings and the current decline in the market is just a couple of quarters’ phenomena and there are a couple of things which gives us confidence going into the second half. The first is the softer crude prices which will help in corporate margins going into the second half. The government spending has been quite weak in the first half. As the government spends come back in the second half, we will see the corporate revenues and corporate profits reviving.
The shares of Rajesh Power Services debuted with a 90% premium over the issue price of Rs 335 on Monday. The shares listed at Rs 636.5 on the BSE SME platform.
Indian bonds are set for the best year in four and investors expect more gains on a combination of policy drivers and resilient domestic demand. The central bank’s rate cuts anticipated from early next year on slowing economic growth, continued index-inclusion-related foreign inflows and strong demand from local pension and insurance companies are likely to further burnish the appeal of sovereign notes.
Emkay initiated coverage on Anant Raj Ltd. with a {sin-quite}buy{sin-quite} call, citing a rise in the share of cloud-based services expected to boost the company{sin-quite}s profitability. UBS comments on Hindustan Unilever Ltd., Tata Motors Ltd., Petronet LNG Ltd.Jefferies shares outlook on the cement sector and states its top picks, while Nuvama remains bullish on Adani Ports and Special Economic Zone Ltd. Investec and Morg
Info Edge (India) Ltd., the operator of Naukri.com and Shiksha.com, has filed a first information report against its step-down subsidiary, 4B Networks Pvt.{sin-quite}s Founder Rahul Yadav and other executives, for alleged misuse of funds
India{sin-quite}s stock market—hit by record foreign outflows—is struggling to extend the rally it saw in the first half of the year. However, there is a silver lining to it. The buoyant domestic flows have kept the market flat in November when its Asian and European peers were hit by tariff threats of US President-elect Donald Trump, and escalating geopolitical tensions. The benchmark gauge—NSE Nifty 50—w
Shares of drugmaker Cipla are expected to be in focus on Monday as the company{sin-quite}s promoters could sell up to 1.72% stake in the company via block deals. The company may set the offer price at Rs 1,442 per share according to a report that has estimated the block size at Rs 2,000 crore.
Stay informed with the Britannia Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on Britannia, including: Last traded price 4951.45, Market capitalization: 119151.52, Volume: 102889, Price-to-earnings ratio 55.87, Earnings per share 88.5. Our liveblog combines fundamental and technical insights to provide a holistic view of
Tata Motors shares climbed over 1% on Monday to Rs 795 on BSE after the company reported a marginal rise in overall sales to 74,753 units in November 2024, compared to 74,172 units in the same month last year.
In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have compiled a list of five stocks that witnessed a 5-year swing high at the close on November 29, suggesting bullishness in these counters, according to StockEdge.com{sin-quite}s technical scan data. Take a look.
Motilal Oswal Financial Services has a buy call on Polycab India with a target price of Rs 8,340. The current market price of Polycab India is Rs 7149.1. Polycab India incorporated in 1996, is a Mid Cap company with a market cap of Rs 107515.75 crore, operating in the Consumer Durables sector.
Pashupati Advani, Founder, Global Foray, says there is no real trigger to take the market to a new level. FIIs are selling, SIPs are still there which is good, but the actual retailer who has been providing the liquidity and enjoying the market is not being able to make money and will leave the markets and that is not a good sign.
Adani Green Energy shares were trading 9.1% higher on Monday at Rs 1,445 on the BSE, after Gautam Adani, chairman of the energy-to-infrastructure conglomerate, addressed ongoing challenges, including allegations of bribery and fraud involving Adani Green Energy.
Wipro and a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split.
DLF Ltd. on Friday announced that its subsidiary DLF Info City Developers Kolkata Ltd. will sell its tech park in Kolkata to RDB Primarc Techno Park LLP.
Flipkart Expands Quick Commerce To Compete With Delivery Platforms Read more at: https://www.ndtvprofit.com/business/flipkart-expands-quick-commerce-to-
Indian headline indices closed in the green on Friday aided by pharma and auto stocks. While Nifty finished at 24,131.10, gaining 216.95 points or 0.91%, the 30-stock S&P BSE Sensex settled at 79,802.79, higher by 759.05 points or 0.96%.
Volkswagen India unit accused of misclassifying imports; Skoda Auto Volkswagen India claims compliance with laws; VW classified imports as individual parts, paying lower tax; Company says it is cooperating with Indian authorities
The Indian rupee closed at 84.48 per US dollar, flat from its previous close as foreign portfolio investors continued to sell from local stocks and bonds. Likely intervention by the Reserve Bank of India capped excess depreciation in the rupee, traders said.
Coromandel International Ltd. on Friday announced that it had received a goods and services tax demand order for Rs 11 crore from the Raigad tax authority last week.
(Bloomberg) -- Japan could have faced deflation for several years starting around 2016 without the Bank of Japan’s massive monetary stimulus program, according to research published by the central bank.
It’s been more than a week since the US Department of Justice, FBI and the Securities and Exchange Commission issued indictments- charging the Adani group, its top leadership including Gautam Adani of a conspiracy to bribe Indian government officials for contracts, and defrauding US investors by raising capital through bonds issues. Remember these are indictments - they still need to go through a trial process, and only if there’s a conviction will the case itself go forward - there’s also the possibility of Adani paying fines and settling the case.
Ultraviolette Automotive, an electric vehicle platform and battery technology company, is aiming for 30% revenue through exports in three years time, said a top executive.
The Supreme Court directed the Indian Broadcasting and Digital Foundation on Friday to move the Telecom Disputes Settlement and Appellate Tribunal for challenging the telecom regulator{sin-quite}s amendments regarding the offering of certain paid channels.
Adani Green Energy Ltd.{sin-quite}s wholly-owned arm Adani Saur Urja (KA) Ltd. has incorporated a new subsidiary named Adani Hydro Energy Four Ltd., according to an exchange filing on Friday. The Adani Group company, while informing the exchanges about the development, also added that it received the certificate of incorporation on Friday.
The civic-run Brihanmumbai Electric Supply and Transport undertaking wants its fleet to have more than 50% electric buses by 2025-26 and then raise the number to 8,000 in the subsequent years. In a release issued during the day, the metropolis{sin-quite} premier road transport undertaking said it has set an ambitious goal to have 100% zero-emission electric bus fleet by 2026-27.
Reliance Industries (RIL) shares will be in focus on Friday following the acquisition of a 21% stake in US-based Wavetech Helium, Inc. by its step-down subsidiary, Reliance Finance and Investments USA LLC, for approximately $12 million.
The T90 containerised crew gunnery simulator, for which Zen Technologies Ltd. recently received the Indian patent, is expected to contribute around 5–10% revenue for the company over the next two to three years.
State-owned Steel Authority of India Ltd (SAIL) shares will be in focus on Friday after the company entered into a partnership with the Indian arm of John Cockerill Group to use green technologies in iron and steelmaking processes.
State-owned Steel Authority of India Ltd (SAIL) shares will be in focus on Friday after the company entered into a partnership with the Indian arm of John Cockerill Group to use green technologies in iron and steelmaking processes.
There is a certain mental model of the US energy system that envisions a giant valve hidden beneath the Resolute Desk. The notion that the president can smoothly dial energy flows and prices up and down is of course absurd — and seemingly a belief within the incoming Trump administration. We’ve been treated to a couple of jarring statements on energy from the president-elect and his appointees th
Top brokerage firms have shared their insights on select stocks, highlighting robust growth potential and investment opportunities in key sectors.
Several brokerages have upgraded the target prices of various stocks over the past month. According to Trendlyne data, 10 stocks, ICICI Bank, M&M, Bharti Airtel, Can Fin Home, and Hindalco have received up to seven analysts{sin-quite} target price upgrades in the last month. Here is a list of these stocks:
Adani Ports{sin-quite} share price surged around 2% on Friday after the announcement of signing a supplementary concession agreement with the Kerala government to enhance the development of the Vizhinjam Seaport. The agreement was signed by Kerala Chief Minister Pinarayi Vijayan, marking a key milestone in the project aimed at bolstering the state{sin-quite}s international maritime infrastructure.
Motilal Oswal Financial Services has a buy call on Mahindra & Mahindra with a target price of Rs 3,420. The current market price of Mahindra & Mahindra is Rs 2923.15. Mahindra & Mahindra, incorporated in 1945, is a Large Cap company with a market cap of Rs 363694.88 crore, operating in the Auto sector.
Motilal Oswal Financial Services has a buy call on Mahindra & Mahindra with a target price of Rs 3,420. The current market price of Mahindra & Mahindra is Rs 2923.15. Mahindra & Mahindra, incorporated in 1945, is a Large Cap company with a market cap of Rs 363694.88 crore, operating in the Auto sector.
Markets across the globe are likely to brush off any rise in tension on geopolitical front, XM Australia Chief Executive Officer, Peter McGuire, told NDTV Profit. McGuire is aware of the developing situation in Ukraine. Markets are seeming to brush off the development on that side, he said.
Food and grocery delivery firm Zomato on Friday completed its Qualified Institutional Placement (QIP), raising Rs 8,500 crore via an allocation of 33.65 crore shares at Rs 252.62 per share.
Ahead of Prime Minister Narendra Modi’s meeting with Chief Minister Mohan Majhi, his cabinet colleagues, MLAs and other leaders, the State government has approved project proposals that entails an investment to the tune of ₹1,36,622.24 across 20 transformative industrial projects.
Ahead of Prime Minister Narendra Modi’s meeting with Chief Minister Mohan Majhi, his cabinet colleagues, MLAs and other leaders, the State government has approved project proposals that entails an investment to the tune of ₹1,36,622.24 across 20 transformative industrial projects.
Motilal Oswal Financial Services has a buy call on Mahindra & Mahindra with a target price of Rs 3,420. The current market price of Mahindra & Mahindra is Rs 2923.15. Mahindra & Mahindra, incorporated in 1945, is a Large Cap company with a market cap of Rs 363694.88 crore, operating in the Auto sector.
Food and grocery delivery firm Zomato on Friday completed its Qualified Institutional Placement (QIP), raising Rs 8,500 crore via an allocation of 33.65 crore shares at Rs 252.62 per share.
Shares of insurance companies in India advanced after the Finance Ministry proposed to raise the foreign direct investment limit to 100% from 74% earlier.
"So, amongst the listed players, obviously three of them have a very high share above 50%. IPRU has around 30% amongst in retail APE and LIC has a relatively lesser share," says Prayesh Jain, MOFSL.
Shares of Bharat Forge Ltd. 0.44 per cent to Rs 1335.45 in Friday{sin-quite}s trade as of 10:52AM (IST) even as the benchmark Nifty ruled at 24124.05, 209.9 points
The Rs 846-crore initial public offer (IPO) of Suraksha Diagnostic was subscribed 3% so far on the first day of the bidding process on Friday.
Shares of CreditAccess Grameen skidded as much as 11.8% on Friday to Rs 870 per share on BSE after global brokerage firm Goldman Sachs downgraded the microfinance company{sin-quite}s rating to {sin-quite}Sell{sin-quite} from “Buy” and slashed the target price by over 60% to Rs 564.
ee Entertainment Enterprises Ltd.{sin-quite}s shares surged nearly 8% after shareholders decided to not re-appoint Punit Goenka as director of the company. The board also approved a Re 1 per equity share dividend for the financial year ending March 31, 2025, at the 42nd Annual General Meeting.
Congress general secretary in-charge communications Jairam Ramesh said India has seen ten years of a "Modi-made inflation", created and fostered by the government{sin-quite}s poor policy-making
Dipan Mehta, Director, Elixir Equities, says from a fresh investment angle, avoid ABB, Hitachi, and Siemens. All of these companies’ existing investors may remain invested, but this is not the time to make a fresh investment. These are great stocks to buy when there is a down cycle in the capex cycle and these companies’ earnings are stagnating or even growing negatively, but not at these times when the stocks have rallied as they have. For now, it is a hold for Mehta.
Dipan Mehta, Director, Elixir Equities, says from a fresh investment angle, avoid ABB, Hitachi, and Siemens. All of these companies’ existing investors may remain invested, but this is not the time to make a fresh investment. These are great stocks to buy when there is a down cycle in the capex cycle and these companies’ earnings are stagnating or even growing negatively, but not at these times when the stocks have rallied as they have. For now, it is a hold for Mehta.
The SME IPO of Agarwal Toughened Glass will open for subscription today and will close on December 2. The company aims to raise Rs 62.64 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
The SME IPO of Agarwal Toughened Glass will open for subscription today and will close on December 2. The company aims to raise Rs 62.64 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
Shares of Adani Group stocks surged over 9% in early trade on Thursday after the conglomerate clarified on Wednesday that its executives, including Gautam Adani and his nephew Sagar Adani, have not been indicted on bribery charges by US authorities.
Motilal Oswal Financial Services has a buy call on JSW Energy with a target price of Rs 810. The current market price of JSW Energy is Rs 657.05. JSW Energy, incorporated in 1994, is a Mid Cap company with a market cap of Rs 114898.30 crore, operating in the Power sector.
The recent recovery in the stock markets has renewed the interest of investors in Indian equities after a phase of volatility, according to Manishi Raychaudhuri, chief executive officer of Emmer Capital Partners
There may be challenges, such as missed earnings or further small cuts in the next two quarters, but even then, a 15% to 16% return looks achievable in markets, which is quite good,” says Naveen Kulkarni, CIO, Axis Securities PMS.
Sonata Software shares jumped 3.4% to a high of Rs 649.60 on the BSE on Thursday after the IT services company bagged a {sin-quite}multi-million dollar{sin-quite} modernisation deal in Australia from a global leader in access solutions.
Paytm shares rose nearly 3%, hitting a new 52-week high of Rs 942.5 in Thursday{sin-quite}s trade on the BSE, after global brokerage firm UBS maintained a {sin-quite}Neutral{sin-quite} stance on the fintech company and raised its target price to Rs 1,000 from Rs 490.
KEC International shares surged 7% to their day’s high of Rs 1,094.95 on the BSE on Thursday after the firm secured turnkey orders worth Rs 1,704 crore from Power Grid Corporation of India in its Transmission & Distribution (T&D) business.
Sonata Software shares jumped 3.4% to a high of Rs 649.60 on the BSE on Thursday after the IT services company bagged a {sin-quite}multi-million dollar{sin-quite} modernisation deal in Australia from a global leader in access solutions. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/sonata-software-shares-in-focus-on-winning-multi-million-dollar-modernisation-deal-in-australia/articleshow/115753247.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The Indian market is likely to trade higher on Thursday, tracking positive global cues. The Nifty futures closed positively with gains of 0.38%, reaching 24,309 levels on Wednesday. India VIX closed at 14.62, down 4.4% in the previous session.
Goldman Sachs maintains a Buy rating on Marico with a target price of Rs 720, reflecting a 10% upside from the current market price of Rs 650.
Several brokerage firms, both domestic and global, have recently initiated coverage on a number of stocks, providing buy ratings based on market outlooks. Stocks under the spotlight include Ola Electric, Swiggy, Trent, and Hyundai, with analysts offering a range of projections. Here is a list of 7 stocks on which brokerages initiated coverage:
The Securities and Exchange Board of India is preparing a proposal of stricter eligibility norms for Authorized Persons, who operate on behalf of brokers. The upcoming regulations will impose increased liability on brokers for defaults made by their sub-brokers, according to people familiar with the matter.
All Adani Group stocks extended their recovery for a second consecutive session as the group{sin-quite}s market-cap rose over Rs 70,000 crore to Rs 13.25 lakh crore in Thursday morning trade. Adani Total Gas Ltd. took the lead with an over 16% gain in the stock. The share price of Adani Total Gas hit Rs 825, its highest level since Sept 24.
Axis Securities has a buy call on State Bank of India with a target price of Rs 1030. The current market price of State Bank of India is Rs 835.65. State Bank of India, incorporated in 1955, has a market cap of Rs 748954.11 crore. Read more at: https://economictimes.indiatimes.com/markets/stocks/recos/buy-state-bank-of-india-target-price-rs-1030-axis-securities/articleshow/115718071.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Share price of HDFC Bank Ltd. surged to an all-time high on Thursday. This follows a strong performance on Wednesday, when the stock gained 1.78%. The recent uptick in the stock comes as the bank continues to make strides in both its financial performance and customer outreach. The market cap of HDFC Bank stood at Rs 14.01 lakh crore when the stock hit all time high level.
Billionaire Gautam Adani and his nephew Sagar Adani have not been charged with any violations of the US Foreign Corrupt Practices Act (FCPA) in the indictment filed by US authorities in a court in a bribery case, the Adani Group said on Wednesday. Gautam Adani, founder chairman of the ports-to-energy conglomerate, Sagar Adani and another key executive, Vneet Jaain, have been charged by the US Department of Justice with being part of an alleged scheme to pay USD 265 million in bribes to Indian officials to win contracts for supply of solar electricity that would yield USD 2 billion profit over a 20-year period.
Niyogin Fintech shares zoomed 12.5% to their day’s high of Rs 70 on the BSE on Wednesday after Morgan Stanley acquired over 6.7 lakh shares of the company for Rs 3.74 crore via a block deal on Tuesday. The stock was purchased at a price of Rs 55.65 per share.
The Indian market is likely to trade higher on Wednesday, tracking positive global cues. The Nifty futures closed negative with a loss of 0.28% at 24,205 levels on Tuesday. India VIX closed at 15.30. Read more at:
Maruti Suzuki India Ltd. is on track to meet its target of exporting 7.5 lakh to 8 lakh cars every fiscal by the end of this decade, said Rahul Bharti, the Swift maker{sin-quite}s executive director-corporate affairs, on Tuesday.
irst of all, what rally we have seen from the oversold zone for last two days, you have seen Nifty going up by about 1000 points from those lows of around 23,200 and Bank Nifty has also participated last two days in this rally," says CA Rudramurthy BV, MD, Vachana Investments.
Japan{sin-quite}s Nikkei share average declined on Tuesday as the market weighed U.S. President-elect Donald Trump{sin-quite}s pledge to impose tariffs on all imports from Canada and Mexico, along with additional tariffs on China.
Integrated diagnostic chain Suraksha Diagnostic Ltd on Tuesday said it has fixed a price band of Rs 420 to Rs 441 apiece for its Rs 846-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 29 and conclude on December 3 and the bidding for anchor investors will open for a day on November 28, the company announced.
Bitcoin faced selling pressure, dipping to an intraday low of $92,600 before recovering to $94,600 on Tuesday. Its market dominance dropped to 57.38% as long-position liquidations exacerbated the downward trend.
PI Industries shares 1.21% as Nifty gains Read more at:
The stock of Adani Energy Solutions jumped 6.89%, Adani Green Energy soared 6.42%, Adani Total Gas surged 5.33%, Adani Ports climbed 4.64% and Adani Power rallied 4.17% on the BSE
Leaving investors richer by Rs 16 lakh crore in just 2 trading sessions with the Sensex rising over 3,000 points, animal spirits are back on Dalal Street as Street favourite NDA{sin-quite}s victory in Maharashtra elections made investors look beyond the downgrades seen in the forgettable Q2 earnings season. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/sensex-jumps-3000-points-in-2-days-can-maharashtra-elections-wipe-away-q2-tears/articleshow/115651579.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Navneet Munot, MD & CEO, HDFC AMC, says in the journey of Sensex from 1,000 to 75,000, we have seen many corrections and a bit of volatility is healthy for the market. Foreigners have lightened their positions and maybe as the results season kick in, maybe after a quarter or so, and people get more faith on the earnings for, let us say, FY26, FY27, FY28, coming back on track. Munot is pretty sure that Read more at: https://economictimes.indiatimes.com/markets/expert-view/india-will-always-have-some-premium-in-october-when-fiis-sold-11-bn-hdfc-amc-saw-record-sip-flows-navneet-
The Mangalore Special Economic Zone has entered into an Expression of Interest with Italy-based MIR Group SRL SB to establish a state-of-the-art facility for producing energy-efficient building materials, officials announced on Friday.
The Reserve Bank of India (RBI) has emphasized clarity in communication, in line with global best practices, after having adopted flexible inflation targeting as a formal monetary policy objective, deputy governor Michael Patra said. But unlike several of its global peers, Mint Road refrains from giving forward guidance on the price gauge. Read more at: https://economictimes.indiatimes.com/news/economy/policy/rbi-focus-is-on-clarity-in-communication-since-it-adopted-flexible-inflation-targeting-deputy-governor-michael-patra/articleshow/115585187.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
(Bloomberg Businessweek) --A door may have blown off a Boeing 737 Max earlier this year, but, “in terms of actual risk, it makes no more sense to be afraid to fly than to be afraid to go into the supermarket because the ceiling might collapse,” says Arnold Barnett, who studies mathematical modeling of health and safety at the MIT Sloan School of Management. “When the risk of something gets incredi
https://www.ndtvprofit.com/markets/bank-of-america-bearish-on-nykaa-cuts-estimates-amid-slower-margin-growth
https://www.ndtvprofit.com/markets/bank-of-america-bearish-on-nykaa-cuts-estimates-amid-slower-margin-growth
https://economictimes.indiatimes.com/markets/stocks/news/kitex-garments-board-announces-21-bonus-share-issue/articleshow/115558540.cms
With the wedding season kicking off in India, Abneesh Roy, executive director of research at Nuvama Institutional Equities, has listed a number of sectors that are likely to gain from the large-scale wedding spends. Several comp Read more at: https://www.ndtvprofit.com/business/titan-united-spirits-vedant-fashions-top-wedding-season-picks-of-nuvamas-abneesh-roy Copyright © NDTV Profit
The stock market may see a "Santa Claus rally" of 5-7% over the next six to eight weeks, said Vikash Kumar Jain, India strategist at brokerage CLSA.
https://www.ndtvprofit.com/business/titan-united-spirits-vedant-fashions-top-wedding-season-picks-of-nuvamas-abneesh-roy
What will be the impact of the move on the U.S. economy as well as the Chinese economy? Will the imposition of such tariffs trigger another global trade war?
Microsoft CEO Satya Nadella told customers at a conference in Chicago on Tuesday that the company is teaching a new set of artificial intelligence tools how to "act on our behalf across our work and life.”
Nikhil Nigania, Director, Bernstein, says the power story is that of accelerating demand, evening power shortages, and a big push from the government on energy transition. NTPC continues to be a play on all those themes. It still trades at about 15 times earnings. Even considering a holding company discount on the green listing and given it is raising at good valuations, it seems it is not as bad as he had initially thought it to be. So, he continues to be posit ..
https://economictimes.indiatimes.com/markets/stocks/recos/add-grasim-industries-target-price-rs-2731-icici-securities/articleshow/115438283.cms
The central government{sin-quite}s recent decision to reduce gas allocation to city gas distribution companies under the administered price mechanism follows a decline in overall gas volumes, said Gajendra Singh, member of the Petroleum and Natural Gas Regulatory Board.
Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample of 29 publicly listed banks, provisioning for nonperforming assets (NPA) fell by 2.9% to ₹27,318.2 crore. For PSBs, it fell by 11.6% to ₹14,628.3 crore with half of them reporting a year-on-year drop in loan loss
Varun Beverages Ltd. closed the qualified institutional placement of shares to raise Rs 7,500 crore, according to an exchange filing on late Tuesday. The company allotted more than 13.27 crore shares at an issue price of Rs 565 per share, which is at a discount of 4.97% to the floor price of Rs 594.56, and a discount of 10.4% from Tuesday{sin-quite}s closing of Rs 630.50 per share.
Shares of Zomato Ltd. rose 0.22 per cent to Rs 271.30 in Tuesday{sin-quite}s trade. It hit an intraday high of Rs 272.65 and low of Rs 267.70, respectively, during the day.
Axis Securities has a buy call on Ambuja Cements with a target price of Rs 601. The current market price of Ambuja Cements is Rs 548.55. Ambuja Cements, incorporated in 1981, is a Large Cap company with a market cap of Rs 134708.22 crore, operating in the Cement sector.
Shares of PG Electroplast today rallied 15% to their new 52-week high of Rs 718.35 on the BSE after the company’s wholly-owned subsidiary PG Technoplast has signed an agreement with Spiro Mobility for an exclusive partnership for manufacturing Spiro’s EV in India.
Nomura Research has downgraded Indraprastha Gas Ltd. to {sin-quite}Reduce{sin-quite} and reiterated its {sin-quite}Reduce{sin-quite} on Mahanagar Gas Ltd., lowering their target prices and maintaining a bearish stance on the country’s city gas distribution (CGD) companies. This downgrade comes on the back of recent developments in the sector, including a second round of cuts to the {sin-quite}Administered Price Mechanism{sin-quite} gas allocation, which ar
Shares of Suzlon Energy hit a 5% upper circuit at Rs 62.37 in Tuesday{sin-quite}s trade after global brokerage firm Morgan Stanley upgraded the stock to {sin-quite}Overweight{sin-quite} from {sin-quite}Equal-weig
The initial public offer (IPO) of BlackBuck platform operator Zinka Logistics sailed through on the final day of the bidding process, being subscribed by 1.23 times so far.
Metal stocks including Tata Steel Ltd. and National Aluminium Co. rose on Monday as Nifty Metal recovered from its six-session fall, tracking latest development in China on tax rebate of aluminium and copper products. Read more at: https://www.ndtvprofit.com/markets/tata-steel-to-nalco-nifty-metal-stocks-recover-after-china-cuts-tax-rebate-for-aluminium-copper-products Copyright © NDTV Profit
Hero MotoCorp Ltd.{sin-quite}s share price was up 5% on Monday after the company clocked a net profit of Rs 1,204 crore, against a Bloomberg estimates of Rs 1,152 crore. Brokerages were positive, as Citi Research shared a note with a {sin-quite}buy{sin-quite} rating on the stock, though reduced the target price to Rs 6,300 from Rs 6,600 apiece earlier, implying a potential upside of 36.5%. Nuvama Institutional Equities also h
Shares of Mahanagar Gas and Indraprastha Gas fell up to 18% on Monday after the government cut the Administered Price Mechanism (APM) allocation to city gas distribution firms by 20% for the second consecutive month. Mahanagar Gas shares dropped to Rs 1,075, while Indraprastha Gas shares slid to Rs 324.8.
Shares of PSU company Hindustan Aeronautics (HAL) today surged 4% to an intraday high of Rs 4,246 on the BSE today after the company on Thursday reported a consolidated net profit of Rs 1,510 crore for the quarter that ended September 30, 2024, rising 22% over Rs 1,237 crore reported in the year-ago period.
aims to reduce debt in the upcoming quarter, building on a strong performance in Q2, according to Chief Operating Officer Pankaj Mital.
Wall Street{sin-quite}s main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by U.S. President-elect Donald Trump. Wall Street{sin-quite}s main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by U.S. President-elect Donald Trump.
As the dust settles following the US elections, the outlook for Indian IT services remains optimistic, driven by favorable global trends and a business-friendly environment under the incoming Trump administration.
Gold prices on Friday were on track for their biggest weekly decline in over three years as expectations of less aggressive interest rate cuts by the U.S. Federal Reserve lifted the dollar, denting allure for bullion among investors.
Europen shares slipped on Friday, weighed down by disappointing earnings, concerns about the impact of U.S. President-elect Donald Trump{sin-quite}s policies on global economies and businesses and a jump in Treasury yields.
As the dust settles following the US elections, the outlook for Indian IT services remains optimistic, driven by favorable global trends and a business-friendly environment under the incoming Trump administration.
As investors, it’s natural to feel uneasy when markets go through significant corrections. Over the past few weeks, the market has dropped by over 10% from its peak of 26,277. This decline has been fueled by a combination of factors: aggressive selling by foreign institutional investors (FIIs), global uncertainties like geopolitical tensions in the Middle East, and weaker-than-expected India Inc.’s earnings. Together, these elements have intensified fears of a prolonged downturn, leading many to ..
Seeing the stock of Zomato as a potential doubler in the next 3-4 years, global brokerage firm Morgan Stanley has increased its target price to Rs 355 from an earlier Rs 278, stating that quick commerce (QC) may positively surprise the market.
Oil prices settled down more than 2% on Friday as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts.
Stock Slump The Indian stock market has been trading sluggishly in recent days, with the benchmark index, Sensex, dropping around 2.5% in just one week and losing nearly 11% from it{sin-quite}s all-time high. Amid this weak trading environment, many stocks in the BSE 500 index have seen significant declines. In fact, six of these stocks have lost over 50% from their 52-week highs. Additionally, nearly 200 stocks have fallen more than 25% from their respective 1-year peak levels. Here, we{sin-quite}ve highlighted the top ten stocks that have taken the hardest hit from their highs.
Brokerage firm CLSA has decided to reverse its earlier move from India to China, citing growing concerns over China’s economy and investor sentiment. This change comes after Rs 1.2 lakh crore in foreign institutional investor (FII) outflows from India in recent months, which has affected the Indian market.
This price correction will offset some of the cost pressure to run a sustainable business, a company statement noted
Though several developed economies suffered badly owing to the COVID crisis, India continued to grow at 7-8% during the last 10 years,” Union Minister Dharmendra Pradhan said on Friday (November 15, 2024.) In his keynote address at the Indian School of Business (ISB) in Hyderabad, Mr. Pradhan said India is set to become the third largest economy in the world in the next three to four years.
The US elections have had a significant impact on various markets, with the crypto space being no exception. Following Donald Trump{sin-quite}s victory, the market has experienced a surge in crypto prices, marking what many consider the beginning of a new bull run. Anush Jafer, Content Lead at Mudrex Research, discussed the implications of Trump{sin-quite}s win on the crypto market and retail investor sentiment during a recent ETMarkets live stream.
Mumbai : India logged this financial year’s lowest additions to stock-investing demat accounts in October at 3.5 million after having expanded the investor base by four million new accounts on average through June to September, pointing to the toll market volatility is, perhaps, beginning to take on savers’ enthusiasm.
Brokerage JM Financial said Zomato and Jio Financial Services could be added to Nifty 50 in the upcoming February 2025 review, based on the new F&O inclusions. The announcement for the March rebalancing of the Nifty will be made in February next year. BPCL (Bharat Petroleum) and Eicher Motors are likely to be the exclusions from the index.
Mumbai : As HDB Financial Services heads for its initial public offering (IPO), shares of the nonbank lender owned by the country’s most-valued bank in the unlisted market have seen a sharp rise — up to ₹1,200 apiece.
Financial services industry veteran Uday Kotak on Thursday (November 15, 2024) said the successful quick commerce (Q-Com) trade poses a challenge to retailers and will become a political issue. Speaking at an event, Kotak also pitched for Indian businesses becoming more competitive in a "free and fair trade".
Wall Street{sin-quite}s main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors{sin-quite} hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary polic
Motilal Oswal Financial Services has a neutral call on BSE with a target price of Rs 4,500. The current market price of BSE is Rs 4609.5. BSE Ltd, incorporated in 2005, is a Small Cap company with a market cap of Rs 62219.65 crore, operating in Financial Services sector.
The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump{sin-quite}s policies could further stoke inflation when he assumes office in January.
Trideep Bhattacharya, CIO, Edelweiss AMC, says the September quarter results season probably saw an earnings downgrade of about 4% to 5% amongst the companies of any interest. The next chance of earnings upgrade would be in the December quarter numbers which will come through in January. Till that period, he anticipates a bit of a volatile market.
Japan{sin-quite}s Nikkei share average closed lower for a third-straight day on Thursday despite the yen falling to fresh lows, as major technology stocks tracked their U.S. peers lower.
Global brokerage firms have shared their insights on key stocks, highlighting investment opportunities with potential upsides.
Banks in many parts of India will remain shut on account of Guru Nanak Jayanti or Gurpurab on Friday, Nov. 15. This means that in-person banking services will be unavailable in the branches. Customers are advised to plan their schedules accordingly for any bank-related work.
Global brokerage firms have shared their insights on key stocks, highlighting investment opportunities with potential upsides.
Shares of Royal Enfield manufacturer Eicher Motors zoomed 7.5% on Thursday to their day’s high of Rs 4,934.50 on the BSE as the company reported an 8% growth in its standalone net profit at Rs 1,010 crore in the quarter ended September 2024.
Gold December futures contracts at MCX opened 0.83% or Rs 615 lower at Rs 72,867 per 10 gram on Thursday, while silver December futures contracts were trading at Rs 88,032/kg, down by 0.1.31% or Rs 1,165.
"All forms of tariff increases, it has never been the case that you have had a tariff increase and trade has actually benefited, trade slows. Therefore, all emerging markets on average necessarily will have to get hit if you are going to have a tariff increase," says Jahangir Aziz, JPMorgan.
Hyundai Motor India Ltd. expects further moderation in car demand in the world’s third-largest automotive market amid a sales revival in the hinterland. “So, we have been maintaining that this year, the industry would see a low single-digit growth on a very high base of last year,” Tarun Garg, chief operating officer of India’s second largest carmaker, said during a post-earnings analyst call. “A
Motilal Oswal Financial Services has a neutral call on Tata Motors Ltd. with a target price of Rs 840. The current market price of Tata Motors Ltd. is Rs 794.85. Tata Motors, incorporated in 1945, is a Large Cap company with a market cap of Rs 292814.33 crore) operating in the Auto sector.
NEW DELHI: Loyal Textiles, Fairchem Organics, Avantel, Sula Vineyards and Sagility India and others were among the stocks that touched their 52-week lows as of 10:17AM(IST)in Wednesday{sin-quite}s session.
HSBC Global Research shared positive outlook on Indian oil marketing companies, noting that lower Brent prices and a bounce-back in auto fuel sales due to festive demand are supporting the profitability of Indian Oil Corp., Bharat Petroleum Corp., and Hindustan Petroleum Corp. .
Motilal Oswal Financial Services has a neutral call on Tata Motors Ltd. with a target price of Rs 840. The current market price of Tata Motors Ltd. is Rs 794.85. Tata Motors, incorporated in 1945, is a Large Cap company with a market cap of Rs 292814.33 crore) operating in the Auto sector.
HSBC Global Research shared positive outlook on Indian oil marketing companies, noting that lower Brent prices and a bounce-back in auto fuel sales due to festive demand are supporting the profitability of Indian Oil Corp., Bharat Petroleum Corp., and Hindustan Petroleum Corp. .
While major oil and gas exploration companies like Oil and Natural Gas Corp. and Vedanta Ltd. have seen their oil and gas production decline due to mature fields in recent years, service provider Deep Industries has seen substantial growth.
Shares of Nykaa parent FSN E-Commerce Ventures Ltd. rose nearly 6% even after a muted quarterly update as the retail company{sin-quite}s customer base and total sales value remained positive. The online beauty and fashion retailer posted a 5% decline in profit to Rs 12.97 crore in the quarter ended September, in comparison with Rs 13.6 crore in the year-ago period.
NIM has come down to 2.80%. However, I clarify again, our domestic NIM is at a healthy number of 3.14%. So, definitely there has been some impact with the rising cost of deposit. The NIM has been impacted and also yield on advances are flat, that is one of the basic reasons. And as regards the RBI circular on penal interest, so now we have to book under the penal charges," says Rajneesh
Shares of Tata Power Company Ltd. traded 2.69 per cent in Tuesday{sin-quite}s session at 01:08PM (IST). The stock opened at Rs 431.55 and has touched an intraday high and low of Rs 436.25 and Rs 418.50, respectively, during the session so far.
Metals, auto ancillaries, PSU banks, internet and IT services are among the sectors currently offering the best risk-reward balance to investors, according to Venkatesh Balasubramaniam, managing director and co-head of research at JM Financial Services Ltd
Shares of Avenue Supermarts Ltd. 0.47 per cent to Rs 3868.00 in Tuesday{sin-quite}s trade as of 01:02PM (IST) even as the benchmark Nifty ruled at 24024.35, 116.96 points.
After opening in green, Indian benchmark equity indices Sensex and Nifty dropped on Tuesday, dragged by losses in banking and auto stocks, extending three consecutive days of declines driven by concerns over weak earnings and foreign outflows.
The upcoming assembly elections in Jharkhand and Maharashtra could produce results in line with the pattern seen in these states during the 2024 Lok Sabha elections, according to author and global investor Ruchir Sharma. In an interview with India Today, Sharma noted that Indian elections see a recurring pattern emerge when state elections follow the Lok Sabha elections within a year.
As the debate over Maharashtra{sin-quite}s industrial future intensifies, a popular narrative has emerged suggesting that Maharashtra is losing its edge to Gujarat due to alleged Central favoritism, said Hitesh Jain, managing partner of Parinam Law Associates and vice president of BJP Mumbai Pradesh.
After a high-profile IPO launch last week, the shares of food delivery company Swiggy will debut on the exchanges on Wednesday. Ahead of the listing, the company{sin-quite}s shares are trading with a GMP of Rs 1 in the grey market, indicating a 0.26% premium over the issue price.
With Q2 earnings season already turning out to be the worst since March 2020, Sunil Tirumalai, Chief GEM Equity Strategist at UBS, says chances of further earnings cuts are higher than earnings increases.
The SME IPO of Mangal Compusolution will open for subscription today and will close on November 14. The company aims to raise Rs 16 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
Sagility India shares made their debut on the exchanges on Tuesday, listing at Rs 31.06 on the BSE and NSE, a 3.5% premium over the issue price of Rs 30
Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump
Rise With Profit: IT Notices On Bogus Refund Claims, RBI Framework On FPI Classification | Podcast
Benchmark indices closed flat in highly volatile trade on Monday as continuous FII selling, disappointing quarterly earnings and weak trends from Asian markets dented investor sentiment.
Oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC{sin-quite}s monthly report after China{sin-quite}s stimulus plan and oversupply concerns took the wind out of markets in prior sessions.
Gold hovered near a one-month low on Tuesday as investors looked forward to U.S. economic data and comments from Federal Reserve officials for further clarity on the interest rate trajectory.
The U.S. dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration.
Tesla options draw {sin-quite}euphoric{sin-quite} trading as Trump win fires up stock
The Dow Jones Industrial Average notched a record high close on Monday, lifted by bank stocks that benefited from optimism about Republican President-elect Donald Trump{sin-quite}s expected fiscal policies.
Few trading sessions back, the street was focused on auto stocks. A small miss in Q2 earnings and the stocks would decline sharply. On Monday, however, when a large automaker announced lower-than-estimated Q2 earnings, the stock still moved higher. The reason: Future projections were positive. Now understand this: The stock’s upmove is a reflection of market sentiment and promise. The management narrative, even if overly optimistic, is about fundamentals. And it is fundamentals which deliver earnings. So whether the Nifty is at X or Y levels is of little relevance if one is investing. What matters is the business – specifically its earnings.
Investors are piling into bullish options bets on Tesla shares, with the stock hitting its highest level in more than two years on bets that CEO Elon Musk{sin-quite}s close ties to President-elect Donald Trump may benefit the electric car maker.
Asia’s benchmark equity index crept higher early Tuesday after US stocks rose for a fifth session. Bloomberg’s dollar index held near a one-year high as traders bet the currency will benefit from President-elect Donald Trump’s agenda.
Asia’s benchmark equity index crept higher early Tuesday after US stocks rose for a fifth session. Bloomberg’s dollar index held near a one-year high as traders bet the currency will benefit from President-elect Donald Trump’s agenda.
Look out for Oil & Natural Gas Corp., Hindalco Industries Ltd., L&T Technology Services Ltd., Rail Vikas Nigam Ltd. and Britannia Industries Ltd. in trade on Tuesday.
Markets regulator Securities and Exchange Board of India (SEBI) has issued a fresh warning to investors about the growing number of unauthorized entities offering financial services through platforms and apps.
The initial public offering of online food and grocery delivery platform Swiggy Ltd. is set to open on Nov. 6. Ahead of the launch, the much-awaited mainboard issue has been garnering significant traction in the unlisted market. The GMP trend of Swiggy IPO indicated a listing gain of 5.13%, even before the shares opened for subscription. According to InvestorGain, Swiggy{sin-quite}s IPO GMP stood at Rs 20 a
Indian oil marketing companies, including Hindustan Petroleum Corp., Bharat Petroleum Corp., and Indian Oil Corp., have been issued a positive outlook by Citi, citing a compelling risk-to-reward scenario, favourable valuations, and stable market conditions that make these OMCs attractive following the recent corrections
Bitcoin has once again captured the global spotlight by soaring to an all-time high, surpassing $68,000 and reaching a market capitalization that exceeds $1.3 trillion—equivalent to some of the world’s most powerful tech giants like Meta and Tesla. This surge has reignited debates among investors and analysts: Is this the beginning of sustained long-term growth or just another short-term rally set to correct itself? To answer this, it’s essential to explore the driving factors behind Bitcoin’s r ..
Even as the benchmarks are seeing the worst session in over four years, Indian stock market has not yet fully priced in the extent of the slowdown that could be on the cards, according to Bernstein Research.
Exide Industries Ltd.{sin-quite}s target price was cut by both Citi and Nuvama after the company{sin-quite}s second-quarter profit declined, missing analysts{sin-quite} estimates. The revisions also reflect the brokerages{sin-quite} concerns over moderating demand, higher-than-expected costs, and more cautious earnings growth projections in the near term.
Even as the benchmarks are seeing the worst session in over four years, Indian stock market has not yet fully priced in the extent of the slowdown that could be on the cards, according to Bernstein Research.
Technology-enabled business solutions and services provider Sagility India , has garnered Rs 945 crore from anchor investors ahead of its initial public offering which has opened for public subscription today.
In early trade on Tuesday (November 5, 2024), the rupee fell 2 paise to an all-time low of 84.13 against the U.S. dollar, as persistent foreign fund outflows and a muted trend in domestic equities dented investor sentiments.
Shares of Tata Power Company Ltd. traded at Rs 431.90 on BSE at 10:39AM (IST) on Tuesday, 0.67 per cent from previous close.
Shares of Raymond rose 4.5% to Rs 1,762.3 in Tuesday{sin-quite}s trade on BSE despite the conglomerate reporting a 63% fall in consolidated net profit to Rs 59.01 crore in Q2 of this fiscal against net profit of Rs 161.16 crore in the year-ago period.
NEW DELHI: MT Educare, Arman Financial, Ortin Labs, Axita Cotton and IRB InvIT Fund and others were among the stocks that touched their 52-week lows as of 10:28AM(IST)in Tuesday{sin-quite}s session.
ut I do think for people like us who look for individual opportunities rather than the market as a whole, it is starting to give us some opportunities to invest our money and we are active investors as the markets have come down," says Rajeev Agarwal, Doordarshi India Fund.
As almost half of NSE100 companies that have released their September quarter results have missed expectations by over 4%, global brokerage firm Bernstein has predicted a further decline in the Indian stock market, stating that the current market prices haven{sin-quite}t fully factored in the potential economic slowdown.
Stock markets declined in early trade on Tuesday (November 5, 2024) amid constant foreign fund outflows and cautious investors{sin-quite} sentiment ahead of the U.S. presidential elections and the Federal Reserve interest rate decision.
Domestic gold price stood at Rs 78,660 as of 9:30 a.m., according to the India Bullion Association. Following a rally lead by festive demand, price of the yellow metal has dipped. Ahead of the festive season, gold price had risen as much as Rs 81,500 on Oct. 23. It started declining from Oct. 31. Gold prices have held over the Rs 78,000 mark post the slip. The commodity continues to be a safe-pla
Motilal Oswal Financial Services has a buy call on Container Corporation of India with a target price of Rs 1050. The current market price of the stocks is Rs 847.45. Container Corporation, incorporated in 1988, is a large cap company with a market cap of Rs 51497.56 crore, operating in the logistics sector.
Markets Gold Price Falls Further, Global Prices At $2,727 Ahead Of US Elections ADVERTISEMENT Gold Price Falls Further, Global Prices At $2,727 Ahead Of US Elections Domestic gold price stood at Rs 78,660 as of 9:30 a.m., according to the India Bullion Association. Ann Jacob 05 Nov 2024, 10:09 AM IST Markets Gold Price Falls Further, Global Prices At $2,727 Ahead Of US Elections
Indian benchmark equity indices traded sharply lower on Monday, weighed down by banking, financial, and IT stocks, as caution prevailed among investors ahead of the U.S. presidential election and the likelihood of further interest rate cut by the Federal Reserve.
Although the outcome of the US presidential election remains too close to call, markets seem to be preparing for a Donald Trump victory and a Republican sweep on November 5.
Several brokerages have upgraded the target prices of various stocks over the past month. According to Trendlyne data, 10 stocks, including TCS, Infosys, HCL Technologies, HDFC Bank, and ICICI Bank, have received up to nine target price upgrades from analysts in the last month. Here is a list of these stocks:
Brokerage firms have weighed in on top companies, with Kotak Securities upgrading M&M and highlighting recovery prospects in the tractor industry. Jefferies remains bullish on Nykaa, praising its growing influence in India’s beauty market. Meanwhile, JPMorgan and UBS offer insights on Sun Pharma{sin-quite}s legal hurdles, projecting potential outcomes for its specialty drug launch.
Niva Bupa Health Insurance Company will launch its Rs 2,200 crore initial public offering (IPO) on November 7, with a price band of Rs 70-74 per share.
Apollo Hospitals Enterprise shares will be in focus on Monday after India{sin-quite}s largest private healthcare provider on Friday announced major expansion plans in Worli, Mumbai and Lucknow with a total investment of Rs 1,625 crore over the next four years.
The next one year will be a stock pickers market and we may see a lot of sector rotation as well,” says Siddarth Bhamre, Head of Research, Asit C Mehta Investment Interrmediates Ltd.
Indian market is likely to trade lower on Monday tracking muted global cues. Benchmark indices started Samvat 2081 on a positive note in the special Diwali mahurat trading session on Friday.
It will be another busy day in the second quarter earnings season with as many as 47 companies set to release their financial performance report on Nov. 4. The companies releasing their Q2 earnings on Monday include Indian Railway Finance Corp., Indian Railway Catering And Tourism Corp., and Raymond Ltd.
Shares of Sun Pharmaceuticals fell by 3.62% in an early trading session to Rs 1,791.15 on BSE after the firm announced on Saturday that the US District Court of New Jersey has granted a preliminary injunction preventing it from launching its new drug, Leqselvi, until further legal developments or the expiry of the patent at the center of the
Welcome to the ONGC Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of ONGC, including: Last traded price 263.95, Market capitalization: 333817.71, Volume: 3368044, Price-to-earnings ratio 7.56, Earnings per share 35.08. Our liveblog offers a complete overview of ONGC through a blend of fundamental and technical
Join us on the Cipla Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock. Stay in the know with the latest information about Cipla, including: Last traded price 1575.5, Market capitalization: 127086.82, Volume: 2093488, Price-to-earnings ratio 28.4, Earnings per share 55.41. Our liveblog provides a well-rounded view of Cipla by incorporating both
Welcome to the Infosys Stock Liveblog, your ultimate source for real-time updates and analysis of one of the most prominent stocks in the market. Stay on top of the game with our comprehensive coverage, featuring the latest details on Infosys stock, including: Last traded price 1751.0, Market capitalization: 725089.4, Volume: 4383622, Price-to-earnings ratio 26.91, Earnings per share 64.9. Get a holistic view of Infosys
ACC Ltd on Thursday reported a 48% year-on-year (YoY) fall in its consolidated net profit at Rs 200 crore in the second quarter. The same stood at Rs 388 crore in the last year quarter.
ACC Ltd on Thursday reported a 48% year-on-year (YoY) fall in its consolidated net profit at Rs 200 crore in the second quarter. The same stood at Rs 388 crore in the last year quarter.
ACC Ltd on Thursday reported a 48% year-on-year (YoY) fall in its consolidated net profit at Rs 200 crore in the second quarter. The same stood at Rs 388 crore in the last year quarter.
Boeing Co. factory workers rejected a new labor contract that would have increased their wages by 35% over four years, dealing a blow to the embattled aircraft manufacturer as it tries to overcome a crippling work stoppage.
Diwali is just around the corner, and so is the special Muhurat trading session, a unique tradition where the stock market remains open for one hour to mark the beginning of the Hindu calendar year, Samvat 2081. While markets are typically closed on most festivals, Diwali is an exception. This session, held under the vibrant glow of diyas and colorful rangoli patterns, is deeply rooted in astrology. The belief
Minister for Information Technology, Electronics and Communications, and Human Resources Development Nara Lokesh is going on a week-long visit to the USA beginning October 25 to attract investments. According to an official release, Mr. Lokesh will first participate as a special guest in the 2024 Synergy IT Serve Alliance Annual Conference scheduled to be held at Caesars Palace in Las Vegas on October 29 and 30.
Shares of the Cholamandalam Investment & Finance Company Ltd. traded at Rs 1404.8 on BSE at 12:52PM (IST) on Thursday, down 0.34 per cent from previous close
Shares of Bandhan Bank Ltd. fell 0.27 per cent to Rs 181.75 at 12:58PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session.
The share price of GAIL (India) Ltd. gained 0.21 per cent to Rs 212.6 at 12:22PM (IST) in Wednesday{sin-quite}s trade. The scrip has hit a high of Rs 215.2 and low of Rs 208.1 so far during the session. The stock had closed at Rs 212.15 in the previous session. Bandhan Bank stock price down 0.27 per cent as Sensex slides
The market has been experiencing some turbulence recently, which might be causing concern for many investors, especially those focused on mid and smallcap stocks.
Adani Green Energy Ltd., Hindustan Unilever Ltd., and TVS Motors Ltd. are on the radar of brokerages on Thursday on the back of earnings and business updates. Emkay noted Adani Green Energy{sin-quite}s strong second-quarter results, driven by an increase in consolidated Ebitda, alongside management{sin-quite}s optimistic capacity commissioning estimates. Meanwhile, HUL is facing mixed reviews; while Jefferies maintai
Shares of United Spirits are likely to remain in focus after the company on Wednesday posted a marginal rise in its Q2 profit after tax (PAT) at Rs 341 crore against Rs 339 crore reported in the corresponding period of the previous financial year.
The rupee stayed flat at 84.07 against the U.S. dollar in early trade on Thursday (October 24, 2024) amid elevated crude oil prices and continuous withdrawal of foreign funds from the capital market. However, the local unit found some cushion as the dollar retreated from its higher level while the domestic equity markets indicated a recovery, forex traders said.
Ahmedabad residents now have a direct flight option to Da Nang, Vietnam. Vietjet Air has launched a new route between Da Nang, Vietnam, and Ahmedabad, and the new service will operate two round trips per week. The flights will utilise Airbus A320 aircraft, each accommodating 180 passengers.
HDFC Securities has an add call on Mahindra & Mahindra Financial Services (Mahindra Finance) with a target price of Rs 288. The current market price of Mahindra & Mahindra Financial Services is Rs 267.85. The company, incorporated in 1991, is a largecap company with a market cap of Rs 33056.60 crore, operating in NBFC sector.
After witnessing profit booking on the higher levels yesterday, Gold December futures contracts at MCX on Thursday opened flat at Rs 77,971 per 10 gram, which is up by 0.2% or Rs 159 while silver December futures contracts were trading at Rs 97,450/kg, up by 0.51% or Rs 490.
With foreign institutional investors (FIIs) pulling out nearly Rs 82,000 crore from India this month, the flood of IPOs and QIPs sucking out liquidity and no support from a tepid earnings season, the festive month of October is turning out to be the worst one for Dalal Street since the Covid-led market crash in 2020.
After three sessions of losses on persistent foreign outflows and dull earnings, key equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, Infosys, and Reliance Industries.
Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch is scheduled to appear before the Parliament{sin-quite}s Public Accounts Committee on Thursday (October 24, 2024) in what may turn out to be a stormy meeting following a senior BJP member{sin-quite}s accusation that political motivations are guiding the actions of the panel{sin-quite}s chairman and Congress MP K.C. Venugopal. Also read: ‘All allegations are false, malicious, and motivated’
Shares of Sona BLW Precision Forgings (Sona Comstar) jumped 10.5% to an intraday high of Rs 709.80 after the company’s board approved the acquisition of Escorts Kubota{sin-quite}s Railway Equipment Division for Rs 1,600 crore. Read more at:
As of October 23, there was a notable surge in futures open interest for four stocks in the NSE F&O pack, contributing to a total increase in open interest of over 10% as compared to the previous trade. A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
The Indian market is expected to trade higher on Thursday, tracking positive global cues. The Nifty futures closed negative, with losses of 0.21% at 24,487 levels on Wednesday.
Shares of AU Small Finance Bank rallied 5% to an intraday high of Rs 682.90 on the BSE after the bank reported a 42% year-on-year (YoY) rise in net profit for the September quarter at Rs 571 crore, buoyed by the impact of its acquisition of Fincare Small Finance Bank.
Gold December futures contracts at MCX opened flat on Wednesday at Rs 78,545 per 10 gram, which is down by 0.14% or Rs 111 while silver December futures contracts were trading at Rs 99,505/kg, down by 0.46% or Rs 467.
After briefly opening in the red, domestic equity indices Sensex and Nifty50 surged on Wednesday, amid persistent foreign outflows and subdued earnings, led by index heavyweights HDFC Bank and the Bajaj twins.
After briefly opening in the red, domestic equity indices Sensex and Nifty50 surged on Wednesday, amid persistent foreign outflows and subdued earnings, led by index heavyweights HDFC Bank and the Bajaj twins.
Indian market is likely to edge higher on Wednesday tracking positive global cues. The Nifty future closed negative with losses of 1.06% at 24,525 levels on Tuesday.
Shares of Adani Energy Solutions fell by 4% in an early trade to their day’s low of Rs 975 on the BSE after the company received a show-cause notice (SCN) from the Securities and Exchange Board of India (SEBI) during the September quarter for the wrongful categorization of shareholders.
The shares of Coforge zoomed 10%, hitting their upper circuit at Rs 7,475.15 on the BSE after the company reported a profit after tax of Rs 233.6 crore for the second quarter ended September 2024, a 24.3% YoY jump from the corresponding quarter of the previous year.
The yuan skidded to an almost two-month low on Wednesday, squeezed by falling yields in China and rising yields in the U.S., and as traders grew nervous about the prospect of a Donald Trump presidency heralding heavy tariffs on Chinese exports. In morning trade China{sin-quite}s currency fell about 0.1% to 7.1341 per dollar, its weakest since late August.
As of October 22, there was a notable surge in futures open interest for three stocks in the NSE F&O pack, contributing to a total increase in open interest of over 5% compared to the previous trading session. A significant uptick in futures open interest signifies substantial growth in the number of active, unexpired futures contracts for a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
Qualcomm on Tuesday said it was teaming up with Alphabet{sin-quite}s Google to offer a combination of chips and software that will let automakers develop their own AI voice assistants using technology from the two firms.
(Bloomberg) -- Oil fell as a US industry group signaled a modest rise in nationwide crude inventories, and the Biden administration renewed efforts to secure a cease-fire in the Middle East, potentially easing tensions.
The decline in the second quarter net profit of CG Power and Industrial Solutions Ltd. is primarily due to a one-off impact from strategic investments, according to Managing Director and Chief Executive Officer Amar Kaul.
Home appliances maker Epack Durable Ltd. is poised to achieve a $1 billion topline over the next four years buoyed by its recent deal with Hisense India, according to the company’s Chief Executive Officer Ajay Singhania. Epack Durable Ltd., on Oct. 21, said it had signed a deal with Hisense India to manufacture air conditioners and other appliances, including washing machines and refrigerators, a
Diwali Investment Ideas: Gold vs Silver – Which is the best bet for 2024?
The banking sector is currently undervalued and facing challenges in the unsecured book of banks. However, these challenges are expected to diminish in the next few quarters as they are cyclical in nature,” says Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS.
In the ongoing earnings season, Wednesday will be a busy day for D-Street as many big companies are scheduled to release their quarterly results for the July–September period of the current fiscal year. More than 70 companies are slated to release their second-quarter earnings report on Oct. 23.
Brokerage firms like Bernstein have an outperform rating on Paytm, while JPMorgan has an overweight rating on Bajaj Finance. Meanwhile, Nuvama has a buy rating, and Macquarie has an underperform rating on Zomato, respectively.
The Nifty Index opened flattish on Tuesday but bears were in full control right from the beginning of the session. The selling intensity increased in the second half and the index broke 24,450 zones.
The Nifty Index opened flattish on Tuesday but bears were in full control right from the beginning of the session. The selling intensity increased in the second half and the index broke 24,450 zones.
The worst phase for the microfinance sector is over and the third quarter of the current financial year will be better, according to Jana Small Finance Bank Managing Director and Chief Executive Officer Ajay Kanwal.
In a major action against Paytm Payments Bank (PPBL), the RBI had on January 31 directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments, as it cited persistent non-compliance and continued material supervisory concerns
Business Adani Enterprises Forms Joint Venture {sin-quite}Smartport City{sin-quite} With Indoport Logistics ADVERTISEMENT Adani Enterprises Forms Joint Venture {sin-quite}Smartport City{sin-quite} With Indoport Logistics Smartport City aims to focus on the design, development, operation, and maintenance of airport cargo infrastructure, including integrated warehousing and warehouse management solutions. Heena Ojha 23 Oct 2024, 08:48
Shares of One 97 Communications-owned Paytm jumped 5% to an intraday high of Rs 722.50 on the BSE after the National Payments Corporation of India (NPCI) granted the company approval to onboard new UPI users, subject to adherence to all procedural guidelines and circulars.
Indian stocks were "tactically" downgraded to neutral from overweight by Goldman Sachs within its Asia/emerging market allocation, due to slower economic growth and corporate profits, it said. While the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets, strategists at the global brokerage said in a note on Oct. 23.
The initial public offer (IPO) of Godavari Biorefineries has opened for subscription on Wednesday. The issue will be available for bidding till October 25.
Indian stocks were "tactically" downgraded to neutral from overweight by Goldman Sachs within its Asia/emerging market allocation, due to slower economic growth and corporate profits, it said. While the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets, strategists at the global brokerage said in a note on Oct. 23.
Shares of Indus Towers are likely to be in focus on Wednesday after the Competition Commission of India (CCI) approved Bharti Airtel{sin-quite}s plan to increase its stake in Indus Towers, following the telecom infrastructure company{sin-quite}s share buyback. Shares of Indus Towers are likely to be in focus on Wednesday after the Competition Commission of India (CCI) approved Bharti Airtel{sin-quite}s plan to increase its stake in Indus Towers, following the telecom infrastructure company{sin-quite}s share buyback.
Rossari Biotech Ltd. group Chief Financial Officer Ketan Sablok attributed the spike in exports in the first half of the current financial year to a conscious call that the company made amid softening of demand in the domestic market
Goldman Sachs Group Inc. tactically lowered Indian equities to neutral from overweight as slowing economic growth dents the outlook for corporate earnings.
Stay up-to-date with the Cipla Stock Liveblog, your comprehensive source for real-time updates and detailed analysis on a prominent stock. Explore the latest information on Cipla, including: Last traded price 1509.7, Market capitalization: 121268.3, Volume: 788747, Price-to-earnings ratio 28.18, Earnings per share 53.29. Our liveblog provides a comprehensive overview of Cipla by integrating fundamental
Welcome to the HCL Tech Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of HCL Tech, including: Last traded price 1862.85, Market capitalization: 502787.87, Volume: 1045105, Price-to-earnings ratio 29.91, Earnings per share 62.01. Our liveblog offers a complete overview of HCL Tech through a blend of
Stay updated with the ITC Stock Liveblog, your one-stop destination for real-time information and analysis of a leading stock. Explore the latest updates on ITC stock, including: Last traded price 481.95, Market capitalization: 601552.96, Volume: 3776009, Price-to-earnings ratio 29.41, Earnings per share 16.35. Our liveblog combines fundamental and technical insights to offer a comprehensive overview of
Stay updated with the Kotak Bank Stock Liveblog, your one-stop destination for real-time information and analysis of a leading stock. Explore the latest updates on Kotak Bank stock, including: Last traded price 1770.4, Market capitalization: 351410.15, Volume: 970116, Price-to-earnings ratio 15.97, Earnings per share 111.13. Our liveblog combines fundamental and technical insights to offer a comprehensive overview of
Gujarat Fluorochemicals Ltd.{sin-quite}s subsidiary GFCL EV Products Ltd. raised Rs 1,000 crore from several marquee investors to expand battery chemicals business as transition to electric vehicles firms up. The fundraise values the unit at Rs 25,000 crore.
Shares of Bajaj Finserv are likely to remain in focus on Wednesday as the company will announce its September quarter earnings later today.
Karnataka has registered a robust Gross State Domestic Product (GSDP) growth of 10.2% in FY 2023-24, significantly surpassing the national average of 8.2%, according to data from the Ministry of Statistics and Programme Implementation (MoSPI). Karnataka achieved this despite severe challenges, including the worst drought in a decade and a slowdown in global IT markets, the State Government informed on October 21.
Shares of Tata Consumer Products fell 9.4% on Tuesday to their day’s low of Rs 991.50 on the BSE, as an 8% jump in net profit for the quarter ended September 2024—to Rs 364 crore (attributable to shareholders)—failed to impress D-Street investors. The profit figure was Rs 338 crore in the year-ago period.
https://www.fancode.com/cricket/matches/acc-mens-t20-emerging-teams-asia-cup-2024/pka-vs-omn/fantasy-dream11-predictions/110850
NEW DELHI: Fertilisers stocks were trading lower on Monday at 11:25AM Bohra Industries Ltd.(up 4.96%) and Southern Petrochemicals Industries Corporation Ltd.(up 1.28%) were among the top gainers.
Bohra Industries Ltd.(up 4.96%) and Southern Petrochemicals Industries Corporation Ltd.(up 1.28%) were among the top gainers. Mangalore Chemicals & Fertilizers Ltd.(down 3.07%), Agro Phos India Ltd.(down 2.41%), Paradeep Phosphates Ltd.(down 2.38%), Rama Phosphates Ltd.(down 1.99%), Nagarjuna Fertilizers and Chemicals Ltd.(down 1.84%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(down 1. ..
https://www.livemint.com/market/mark-to-market/sterling-wilson-order-book-renewable-energy-solar-panel-qip-epc-sterling-wilson-earnings-revenue-ebitda-11729230773862.html
https://www.canva.com/design/DAGFMVRWY-o/qqs_kvZj5edjK7gPwfWwrg/edit
The Directorate General of Civil Aviation (DGCA) released the summary of the approved Northern Winter schedule for domestic airlines in India. The regulator has approved a total of 25,007 weekly flights, which is an increase of 3.2 per cent over the concluding summer schedule and a 5.3 per cent increase over the previous winter.
Shares of Infosys, the country{sin-quite}s second-largest IT company, tumbled 5% in trade on Friday, October 18 to ₹1,869 after investors were disappointed with the lower-than-expected Q2 FY25 results and revenue guidance given by the IT bellwether.
It is not usual for Indians settled well abroad to seek to return to India. But recently, a social media user earning ₹80 lakh per annum in Europe has sparked a debate about whether taking a lower-paying job in India{sin-quite}s Bengaluru is worthwhile.
The Premium Plast IPO subscription period commences on Monday, October 21, and concludes on Wednesday, October 23. The price band for each equity share in the Premium Plast SME IPO is established at ₹46-49, with a face value of ₹10. Following this, bids can be made in multiples of 3,000 equity shares, with a minimum bid of 3,000 equity shares.
On October 17, three stocks from the mid-cap pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below.
Bikaji Foods International Ltd. will fund its recent stake acquisition in quick service restaurant chain, The Hazelnut Factory Food Products Pvt., through internal accruals, Chief Financial Officer Rishabh Jain said.
Shares of companies like the Bombay Stock Exchange (BSE) and Adani Energy among 6 stocks are likely to be included in the MSCI India Standard Index as part of its rebalancing, according to a report by domestic brokerage firm JM Financial.
Shares of Federal Bank Ltd. traded at Rs 193.45 on BSE at 11:50AM (IST) on Friday, down 0.05 per cent from previous close.
Shares of Shree Cements Ltd. traded 0.14 per cent down at Rs 24224.3 at 11:56AM (IST) on Friday, even as BSE benchmark Sensex gained 31.48 points to 81038.09.
Srini Pallia, CEO, Aparna Iyer, CFO and Saurabh Govil, CHRO, Wipro in conversation with ET Now. CFO Iyer says that their guidance is based on the visibility that they have at the start of the quarter. The guidance is impacted by furloughs, fewer working days and softness in Europe. The large deals that we won also would take some time to ramp up. So, overall, the momentum seems good. Q3 is more about seasonality and hopefully they will bounce back in Q4.
Havells India shares fell 3.5% to Rs 1,762.9 in Friday’s trade on BSE after reporting a 7.5% YoY increase in profit after tax (PAT) to Rs 267.77 crore for the quarter ended September 2024, compared to Rs 249.08 crore in the same period last year.
The shares of Mazagon Dock Shipbuilders have rallied around 4% to today’s high of Rs 4,395 on the BSE after the company announced it will consider the declaration of an interim dividend and a split of equity shares at its Board of Directors meeting scheduled for October 22.
So, definitely a huge blow for the parent company as well and Asirvad per se forms almost over 20% of the profitability for Manappuram and almost 9% of its net worth. So, we will definitely see EPS downgrades in the near future for the parent company as well," says Shweta Daptardar, Elara Capital.
NEW DELHI: Vodafone Idea(number of shares traded: 13.05 crore), Manappuram Finance(number of shares traded: 5.60 crore), JP Power(number of shares traded: 4.65 crore), Zomato(number of shares traded: 4.15 crore), YES Bank(number of shares traded: 2.69 crore), Wipro(number of shares traded: 2.35 crore), GTL Infra(number of shares traded: 2.24 crore), Filatex Fashions(number of shares traded: 1.89 crore), Reliance Power(number of shares traded: 1.70 crore) and Suzlon Energy(number of shares traded: 1.51 crore) were among the most traded securities on the National Stock Exchange at 11:24AM in Friday{sin-quite}s session.
Tata Chemicals shares fell 3.2% to Rs 1,039 in Friday{sin-quite}s trade on the BSE after the firm reported a 54.67% decline in consolidated net profit to Rs 194 crore for the second quarter ended September 2024. The company{sin-quite}s net profit stood at Rs 428 crore during the corresponding period of the previous fiscal year.
China{sin-quite}s central bank kicked off two funding schemes on Friday, that will initially pump as much as 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools.
The rupee slipped 1 paisa to 84.07 against the US dollar in early trade on Friday, as the weakening American currency failed to support the local unit amid negative domestic equity markets and higher crude oil prices. Forex traders said the unabated outflow of foreign funds also weighed on the domestic unit.
Shares of HEG Ltd fell by 5% to their day’s low of Rs 488.10 on BSE today after the stock started trading on an ex-split basis as the company had announced October 18 as the record date for their 1:5 stock split.
Two JSW Energy Ltd. subsidiaries have signed power purchase agreements with Maharashtra State Electricity Distribution Co. for 1,200 megawatt solar-wind hybrid capacity. JSW Renew Energy Six Ltd. and JSW Renew Energy Thirty Ltd. signed the deals for two hybrid projects, each with a capacity of 600 MW, according to an exchange filing on Friday.
Shares of HEG Ltd fell by 5% to their day’s low of Rs 488.10 on BSE today after the stock started trading on an ex-split basis as the company had announced October 18 as the record date for their 1:5 stock split.
Shares of Bank of Baroda rose 0.72 per cent to Rs 243.55 at 10:59AM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.
Asit C. Mehta brokerage firm has initiated coverage on the life insurance industry, highlighting its strong growth potential despite recent regulatory challenges and shifting consumer preferences.The sector continues to expand, driven by rising demand, increasing financial literacy, and regulatory efforts to boost product awareness
Polycab India shares fell nearly 7% to Rs 6,611.4 in Friday{sin-quite}s trade on BSE after the company reported a 3.5% rise in its consolidated net profit year-on-year (YoY) at Rs 445 crore in the September 2024 quarter. It had reported a net profit of Rs 429.77 crore during the same period a year ago.
Ceat Ltd.{sin-quite}s share price declined 7% to its lowest in nearly two months as net profit declined in the July–September quarter and margins took a hit due to high rubber prices and employee costs. The tyre manufacturer{sin-quite}s net profit fell 42% to Rs 121.5 crore in the quarter ended Sept. 30. Analysts{sin-quite} consensus estimates compiled by Bloomberg projected Rs 142 crore.
Shares of Bengaluru-based IT major Wipro on Friday rallied up to 4% to day{sin-quite}s high of Rs 550.55 on BSE after surprising Street with 21.3% year-on-year (YoY) jump in net profit to Rs 3,209 crore for the quarter ended September 2024.
nformation technology major Infosys Ltd. remains the top pick in the sector for brokerages on expectations of being the growth leader. The optimism follows the company{sin-quite}s second quarter results where it raised the revenue forecast for fiscal 2025.
China{sin-quite}s economy expanded at a slower-than-expected rate of 4.6% in the July-September quarter, the government said Friday (October 18, 2024). The latest data show the world{sin-quite}s second largest economy slowing from 4.7% annual growth in the previous quarter and falling short of the official target of “about 5%” growth for 2024, a figure that analysts consider ambitious without more aggressive measures to spur consumer demand and spur a recovery in the ailing property sector.
Two JSW Energy Ltd. subsidiaries have signed power purchase agreements with Maharashtra State Electricity Distribution Co. for 1,200 megawatt solar-wind hybrid capacity. JSW Renew Energy Six Ltd. and JSW Renew Energy Thirty Ltd. signed the deals for two hybrid projects, each with a capacity of 600 MW, according to an exchange filing on Friday.
FMCG company Tata Consumer Products is expected to report healthy growth in its second quarter sales, owing to solid show in new businesses, but the bottomline may fall due to higher depreciation and finance costs.
Hyundai Motor India Ltd.{sin-quite}s initial public offering has been subscribed 2.36 times so far on its third day on Thursday, with bids led by qualified institutional buyers. The IPO was subscribed 42% on its second day and 18% on the first day. The company has set a price band of Rs 1,865–Rs 1,960 per share for its three-day IPO, which is a pure offer for sale of 14.2 crore shares.
NEW DELHI: The Nifty Pharma index traded negative around 11:20AM(IST)on Thursday in a weak market. Zydus Lifesciences Ltd.(up 0.14 per cent) were among the top gainers.
CRISIL shares surged over 8% to Rs 5,184.5 in Thursday{sin-quite}s trade on the BSE after the firm reported a 12.9% year-on-year (YoY) increase in net profit, reaching Rs 171.55 crore for the quarter ended September 30, 2024. The company{sin-quite}s revenue from operations rose 10.3% YoY to Rs 811.8 crore.
India{sin-quite}s benchmark stock indices were trading lower through midday on Thursday, tracking a decline in HDFC Bank Ltd. and Bajaj Auto Ltd. share prices. As of 12:08 p.m., the Nifty 50 was trading 0.76% lower at 24,781.20 and the Sensex was trading 0.43% lower at 81,043.21.
Shares of Tata Power Company Ltd. rose 1.61 per cent to Rs 452.9 in Thursday{sin-quite}s trade. It hit an intraday high of Rs 462.7 and low of Rs 451.5, respectively, during the day.
The NSE Nifty Realty declined nearly 4% and was the worst performing sector on the National Stock Exchange on Thursday. Oberoi Realty Ltd., and Macrotech Developers Ltd. share prices dragged the indices the most. The market capitalisation of realty stocks on NSE declined Rs 2,364.54 crore to Rs 6.87 lakh crore as of 12:45 p.m.
The NSE Nifty Realty declined nearly 4% and was the worst performing sector on the National Stock Exchange on Thursday. Oberoi Realty Ltd., and Macrotech Developers Ltd. share prices dragged the indices the most. The market capitalisation of realty stocks on NSE declined Rs 2,364.54 crore to Rs 6.87 lakh crore as of 12:45 p.m.
Gold price rose to Rs 77,020 per 10 grams, according to Bullions Association as of 12:20 p.m., as the rally in the price of the yellow metal continued owing to growing demand during the festive season. The MCX iComdex Gold was also up 0.18% at 22,581.19 as of 12:58 p.m. Price of 10 grams of 24 carat gold stood at Rs 75,920 in Mumbai. While, it stood at Rs 75,550 in Delhi as of 12:53 p.m. The met
Shares of IT companies like Mphasis and Tech Mahindra on Thursday surged up to 5.5% on the NSE ahead of the second quarter results of major IT firms Infosys, Wipro and LTIMindtree, which are due later in the day.
Amid mixed global cues, Indian blue-chip equity indices Sensex and Nifty50 traded in the red for the third consecutive day on Thursday. However, despite the market downturn, five small and midcap stocks from the Nifty 500 index reached new 52-week highs. Here{sin-quite}s the list: Getty Images
Nestle India Ltd.{sin-quite}s share price dropped 4% on Thursday after the company reported a marginal decline in its net profit for the July to September 2024 quarter. The company posted a net profit of Rs 899.5 crore in Q2, marking a 0.9% year-on-year dip from Rs 908 crore in the year-ago period.
Nestle India Ltd.{sin-quite}s share price dropped 4% on Thursday after the company reported a marginal decline in its net profit for the July to September 2024 quarter. The company posted a net profit of Rs 899.5 crore in Q2, marking a 0.9% year-on-year dip from Rs 908 crore in the year-ago period.
Shares of Bajaj Holdings & Investment Ltd. slipped 2.09 per cent to Rs 10327.7 in Thursday{sin-quite}s trade as of 01:58PM (IST). It hit a high of Rs 10539.95 and low of Rs 10208.05 during the session.
Shares of Infosys Ltd., Mphasis Ltd., and Tech Mahindra Ltd. powered the Nifty IT index to be the sole gainer among 19 sectoral indices on the National Stock Exchange on Thursday. The gauge of information technology stocks gained as much as 1.6% intraday, compared to a 0.86% decline in the benchmark Nifty 50.
Shares of Infosys Ltd., Mphasis Ltd., and Tech Mahindra Ltd. powered the Nifty IT index to be the sole gainer among 19 sectoral indices on the National Stock Exchange on Thursday. The gauge of information technology stocks gained as much as 1.6% intraday, compared to a 0.86% decline in the benchmark Nifty 50.
o, that really has come to the fore right now. People are realising that this is going to end like a 2% to 5% kind of growth for which these kind of valuations are really not justified in the long run," says Mayur Milak, Asian Markets Securities.
Shares of Siemens Ltd. traded 3.03 per cent up at Rs 7741.0 at around 02:08PM (IST) on Thursday. The stock had closed at Rs 7983.05 in the previous session. Equity benchmark Sensex traded 544.29 points lower at 80957.07 around the same time.
Shares of Titagarh Rail Systems surged 8% to Rs 1,223.8 in Thursday{sin-quite}s trade after Morgan Stanley Asia Singapore Pte acquired a 0.57% stake (7.63 lakh shares) in the company through a bulk deal in the previous trading session. The purchase, valued at Rs 85.5 crore, was made at an average price of Rs 1,120 per share.
The Initial Public Offering (IPO) of Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai, got fully subscribed on the third day of the bidding on Thursday (October 17, 2024). The ₹27,870 crore initial share sale got bids for 14,07,68,187 shares against 9,97,69,810 shares on offer, translating into 1.41 times the subscription, as per NSE data till 13:21 hours.
Foreign Portfolio Investors (FPIs) Societe Generale, Tiger Pacific Master Fund and UBS Principal Capital Asia reduced their holdings in Paytm owner One 97 Communications below 1% in the September ended quarter.
Stocks in Europe regained some lost ground on Thursday as investors eyed a dovish outlook on top of an expected European Central Bank interest rate cut during the day, while parsing a largely upbeat set of corporate earnings.
ccording to quick estimates of the economic think tank National Council of Applied Economic Research (NCAER), logistics costs in India ranged between 7.8% to 8.9% of GDP for the fiscal 2021-22
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Thursday{sin-quite}s trading session, five stocks witnessed a long unwinding. Here{sin-quite}s the list:
Japan{sin-quite}s Nikkei share average closed lower on Thursday, as chip stocks slid despite industry star TSMC reporting better-than-expected earnings, while investors waited for more earnings results from domestic and overseas firms for further direction.
State-owned Central Bank of India on Thursday posted a 51 per cent jump in profit at Rs 913 crore in the second quarter ended September 2024. The lender had earned a net profit of Rs 605 crore in the same quarter a year ago.
India and the United States are set to sign a Rs 32,000 crore deal for the acquisition of 31 predator drones, along with the establishment of a maintenance, repair, and overhaul (MRO) facility in India, news agency ANI reported. This deal will enhance the surveillance capabilities of the Indian armed forces. Some reports suggest that the total value of the contract could rise to Rs 34,500 crore.
RIL, Reliance Industries results:Most brokerages have cut earnings estimates for Reliance Industries (RIL) after the oil-to-telecom conglomerate{sin-quite}s quarterly results missed Street expectations, yet again, in the the July-September quarter (Q2) for financial year 2024-25 (FY25).
The Rs 27,870 crore initial public offer (IPO) of Hyundai India, which opened for subscription earlier today, has been subscribed by 8% in the initial hours of the bidding process.
Several stocks plunged in excess of 5 per cent in Mumbai trading on Tuesday even as equity benchmark BSE Sensex traded 167.95 points down at 81805.1 amid brisk selling in frontline bluechip counters
SpiceJet Ltd. has successfully settled a $23.39 million or nearly Rs 196 crore dispute with Aircastle (Ireland) Designated Activity Co. and Wilmington Trust SP Services (Dublin) Ltd. They reached a resolution for a reduced amount of $5 million and mutually agreed on the treatment of certain aircraft engines, thereby ending all ongoing litigation.
Shares of Ambuja Cements Ltd. traded 0.18 per cent up at Rs 589.65 on Tuesday at around 11:25AM (IST), while the benchmark BSE Sensex declined 215.61 points to 81757.44.
Major fast moving consumer goods companies saw earnings downgrades during the typical June-October monsoon period, despite India experiencing its best southwest monsoon since 2020. India received 934.8 millimetres of rainfall during the four-month season, surpassing the long period average of 868.6 millimetres, as per the India Meteorological Department. This increase in precipitation was expecte
HCL Technologies Ltd. is confident to deliver operating profit margin guidance of 18–19% because of cost-efficiency efforts, visibility of strong performance from software business, and new deal wins, Chief Executive Officer and Managing Director C Vijayakumar said. Last year, it delivered 18.2% EBIT margin. In the first half of the current financial year, HCLTech has met its own expectations. Th
Axis Bank Q2 results 2024 preview, date: Axis Bank is set to report its July-September quarter (Q2) results for financial year 2024-25 (FY25) on Thursday, October 17. Brokerages, on average, expect Axis Bank to report net profit growth in low double digits, on a year-on-year (Y-o-Y) basis, on the back of tepid loan growth and other income.
The merger of media assets of Reliance Industries and the India business of global media house the Walt Disney is expected to be complete by the end of the third quarter of this fiscal, according to a regulatory filing by billionaire Mukesh Ambani-led group.
TD Power Systems Ltd.{sin-quite}s share price rose in early trade on Tuesday after the company secured two large orders from two major international gas engine original equipment manufacturers, with a combined value of Rs 142 crore for the supply of gas engine generators.
This order includes the engineering procurement (EP) scope, covering design, engineering, supply, installation, testing, and commissioning of the 100 MLD desalination plant.
Brokerage firms, including ICICI Securities, JPMorgan, and Emkay initiated coverage on companies like Jana Small Finance Bank, L&T, Vedanta, and NALCO. These firms have been assigned "buy" or "overweight" ratings, with projected upsides ranging from 12% to 25%
A sharp jump in India{sin-quite}s retail inflation for September has prompted several economists to push back domestic rate cut bets to the first-half of 2025 from early December, with some citing growth as a bigger factor that could determine the timing of an interest rate reduction.
Budget carrier SpiceJet on Tuesday (October 15, 2024) said it has successfully settled a USD 23.39-million dispute with two aircraft lessors -- Aircastle and Wilmington Trust, days after amicably resolving a similar dispute with a US-based aircraft leasing firm, BBAM. Also read: SpiceJet says reached settlement on ₹413-crore dispute with Echelon Ireland Madison One
The share price of Shree Cements Ltd. gained 0.86 per cent to Rs 24805.0 at 12:01PM (IST) in Tuesday{sin-quite}s trade. The stock has hit a high of Rs 24863.6 and low of Rs 24646.3 so far during the session. The stock had closed at Rs 24593.15 in the previous session.
Stock Market LIVE Updates, Tuesday, October 15, 2024: Indian benchmark equity indices, off the day{sin-quite}s lows, were trading in the red, after a higher open on Tuesday. At 12 PM, the BSE Sensex was down 131 points, or 0.16 per cent, at 81,841.45, while the Nifty 50 was at 25,076, down 51.15 points, or 0.2 per cent.
The Tata Group will create 500,000 manufacturing jobs over the next five years across sectors such as semiconductors, electric vehicles (EVs), batteries, and related industries, Chairman N Chandrasekaran said on Tuesday. Speaking at a symposium organised by the Indian Foundation for Quality Management, Chandrasekaran highlighted the crucial role of manufacturing in India’s goal of becoming a developed nation.
hares of ICICI Lombard General Insurance Company Ltd. traded 0.93 per cent up at Rs 2108.15 at around 12:11PM (IST) on Tuesday. The stock had closed at Rs 2088.55 in the previous session. Equity benchmark Sensex traded 150.72 points lower at 81822.33 around the same time.
SpiceJet is facing a new insolvency case filed by aircraft lessor Aviator ML 29641 Ltd in the National Company Law Tribunal (NCLT) over unpaid rental dues totalling around Rs 58 crore. The case revolves around a lease agreement for a Boeing 737 aircraft signed on June 16, 2017, according to a report by Mint.
The Nifty Realty index closed on a positive note on Monday. Shares of Oberoi Realty Ltd.(up 4.1 per cent), Macrotech Developers Ltd.(up 3.48 per cent), Godrej Properties Ltd.(up 2.57 per cent), DLF Ltd.(up 1.93 per cent) and Sobha Ltd.(up 0.95 per cent) ended the day as top gainers in the pack.
Ahead of the release of September{sin-quite}s domestic inflation data, Indian blue-chip equity indices closed higher on Monday, driven by gains in banking and IT stocks.
Ahead of the release of September{sin-quite}s domestic inflation data, Indian blue-chip equity indices closed higher on Monday, driven by gains in banking and IT stocks.
As India{sin-quite}s biggest initial public offering (IPO) of Hyundai Motor India Ltd (HMIL) opens for public subscription on Tuesday, October 15, the excitement is shot through with caution. Hyundai hopes to ride high on India{sin-quite}s bullish market in which nearly 260 companies have raised over $9 billion so far in 2024. The IPO of India{sin-quite}s second-largest automaker after Maruti Suzuki is a complete offer for sale (OFS) of 14.2 crore shares by the Korean parent, and is priced in the range of Rs 1,865-1,960.
India{sin-quite}s benchmark stock indices, Nifty and Sensex, ended at over one-week highs on Monday, tracking the sharp gains in Infosys Ltd. and HDFC Bank Ltd. Market participants await earnings from Reliance Industries Ltd. and HCL Technologies Ltd. for cues. To get live updates on RIL Q2 earnings, click here. The NSE Nifty 50 ended 0.66% higher at 25,127.95, and the BSE Sensex closed 0.73% higher at 81,
The Indian market is likely to edge higher on Friday, tracking positive global cues. The Nifty futures closed positively with gains of 0.17%, reaching 25,126 levels on Thursday.
Tata Elxsi shares rose 2.8% on Friday to day{sin-quite}s high of Rs 7,980.30 on BSE after the company reported a 14% growth in its consolidated net profit, reaching Rs 229 crore for the second quarter, compared with Rs 200 crore in the same quarter last year.
The much-anticipated market debut of Hyundai Motor India is set to raise the stakes in the Indian auto industry, with competition expected to heat up, particularly in the passenger vehicle segment. The IPO is likely to push other listed auto players to innovate and elevate their product offerings.
Reliance Industries Ltd.{sin-quite}s consolidated Ebitda is expected to fall sequentially in the second quarter of financial year 2025, as per brokerages. The segment that is estimated to drag down the company{sin-quite}s financials this quarter is its standalone business that engages in the oil to chemicals, and oil and gas business. The company{sin-quite}s other major segments—retail and Jio are projected to see healthy gro
Indian benchmark equity indices Sensex and Nifty opened lower on Friday, dragged down by banking, financial, and IT major Tata Consultancy Services (TCS), which reported a quarterly profit miss, marking a lackluster start to the earnings season for local tech firms.
Shares of Kolkata-based private sector lender Bandhan Bank jumped 9% on Friday, reaching a day{sin-quite}s high of Rs 204.90 after the RBI approved Partha Sengupta as the bank{sin-quite}s MD & CEO.
Shares of TCS fell as much as 2.09 per cent at Rs 4,140 per share on the BSE in Friday’s intraday deals after the company posted a modest quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25).
A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment. This indicates that more traders are expecting the prices to decline and are creating short positions. In Friday{sin-quite}s trading session, five stocks saw fresh short positions being built. Here{sin-quite}s the list:
ICICI Securities has add call on Tata Consultancy Services Ltd. with a target price of Rs 4,840. The current market price of Tata Consultancy Services is Rs 4,171.05. Tata Consultancy Services, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1512016.86 Crore) operating in IT Software
BlackRock Inc., Singaporean sovereign wealth fund GIC Pte and Capital Group are among those that have made bids to buy stock in Hyundai Motor India Ltd.’s $3.3 billion initial public offering, according to people familiar with the matter.
Tata Elxsi Ltd.{sin-quite}s net profit rose in the second quarter of fiscal 2025, beating estimates. However, brokerages are cautious on the stock due to concerns over growth in certain sectors and stretched valuations. Jefferies is skeptical on recovery of Tata Elxsi{sin-quite}s healthcare vertical, while HDFC Securities sees some recovery for the vertical by the end of the fiscal.
Shares of Punjab National Bank rose 0.19 per cent to Rs 103.75 at 11:05AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Friday even as equity benchmark BSE Sensex traded 201.79 points down at 81409.62 amid brisk selling in frontline bluechip counters.
The Indian rupee dropped to a lifetime low against the U.S. dollar on Friday, pressured by concerns over the recent jump in oil prices and the exodus of foreign money from the nation{sin-quite}s equity markets.
What the market is doing now is waiting for those details. Are we going to get some significant fiscal action in other words because the issue of the Chinese economy here is weak consumer spending, weak consumer confidence, and of course a very soft property market," says Geoff Dennis, Independent EM Commentator
Cipla{sin-quite}s share price fell to its lowest level in over two months after China-based pharmaceutical company Jiangsu Hengru received approval to make Paclitaxel, generic version of BMS’ Abraxane. Abraxane{sin-quite}s generic contributes 6-7% to Citi Research{sin-quite}s earnings per share estimates excluding Revlimid for the next two fiscals. While the brokerage has maintained {sin-quite}buy{sin-quite} with target price of Rs 1,870, implyi
The debate over whether Delhi or Bengaluru offers a better startup ecosystem has been reignited by recent comments from Zomato CEO Deepinder Goyal. At a recent event, Goyal challenged the common belief that Bengaluru is essential for entrepreneurial success, suggesting that one doesn’t need to be based there to build a successful business. His remarks have sparked further discussion, with other industry leaders sharing their views.
Adani Green Energy Ltd. reported a 34% year-on-year increase in operational capacity in the first half of fiscal 2025, reaching 11,184 MW. This growth was driven by greenfield additions, including 2,418 MW of solar power and 450 MW of wind power plants. The company also noted a 20% YoY rise in energy sales, with 14,128 million units sold.
Shares of Info Edge (India) Ltd. gained 0.15 per cent to Rs 8312.7 in Friday{sin-quite}s trade as of 11:35AM (IST). It hit a high of Rs 8351.9 and low of Rs 8258.6 during the session.
Share price of Godrej Consumer Products Ltd. gained 0.17 per cent to Rs 1318.55 at 11:40AM (IST) in Friday{sin-quite}s trade. The stock hit a high of Rs 1329.8 and low of Rs 1311.9 so far during the session. The stock had closed at Rs 1316.3 in the previous session.
Shares of Marico Ltd. traded 0.89 per cent higher in Friday{sin-quite}s session at 11:46AM (IST). The stock opened at Rs 682.05 and has touched an intraday high and low of Rs 691.2 and Rs 680.9, respectively, during the session so far.
Shares of Ambuja Cements Ltd. gained 0.69 per cent to Rs 589.5 in Friday{sin-quite}s trade as of 10:44AM (IST). The stock hit a high price of Rs 592.9 and low of Rs 586.0 during the session.
