Market News
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Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Nifty trades above 24,050; PSU bank shares advance
At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 615.77 points or 0.81% to 77,124.25. The Nifty 50 index rose 188.45 points or 0.79% to 24,070.50.
Top Gainers & Losers on 6 July: Swan Corp, Zen Tech, HFCL, HDFC Bank, Thermax, Hitachi Energy among top gainers
Indian stock markets rose on July 6, with benchmark indices gaining over 0.60%. The Nifty 50 closed 0.66% higher at 24,420, while Sensex advanced 0.67% to 78,236. HDFC Bank and Axis Bank drove gains, while Nifty Realty led sectoral increases with a 2% rise.
Market extend losses for 2nd day; Nifty settles below 23,900 level
The Nifty settled below the 23,900 level. IT, media, and PSU bank stocks declined, while chemicals, realty and consumer durables shares advanced.
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Sensex, Nifty trade in positive terrain; European mrkt advance
Media, realty and PSU bank shares advanced while IT, metal and oil& gas stocks declined.
Trading Calls today: AU Bank, RCF, Union Bank among top stock picks
Trading strategy, stock picks today: Jatin Gedia of Teji Mandi Investment Technologies decodes key levels to track on Nifty, Bank Nifty; and 3 stocks to buy basis on technical charts.
Sensex jumps 174 pts; PSU bank shares advance
At 12:30 IST, the barometer index, the S&P BSE Sensex advanced 173.78 points or 0.23% to 76,982.26. The Nifty 50 index jumped 51.10 points or 0.22% to 24,041.75.
Nifty trades above 23,950 mark; European market advance
IT, media and realty shares advanced while metal, PSU Bank and pharma shares declined.
Indices trade with minor gains; PSU bank shares advance
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 3.51 points or 0.01% to 73,526.90. The Nifty 50 index rose 11.75 points or 0.05% to 23,134.75.
Edelweiss Alternatives’ Subahoo Chordia quits, likely to launch own fund
Subahoo Chordia, a key figure at Edelweiss Alternatives, has departed to launch his own infrastructure fund. He was instrumental in building the firm's real assets and infrastructure business, managing substantial assets and spearheading significant deals. Chordia's departure follows a successful tenure marked by substantial fundraising and strategic acquisitions in the infrastructure and clean energy sectors.
Smart money move: Why Groww MF's equity chief is betting on multicap strategies
Anupam Tiwari of Groww Mutual Fund warns of a potential oil shock. He believes a multicap strategy combined with bottom-up investing is suitable for current market conditions. Valuations in mid and small caps have improved, making active stock picking more viable. Tiwari highlights opportunities in financials, industrials, autos, and specialty chemicals.