Market News
Stay updated with the latest market trends, earnings, and economic indicators.
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 24,400 level; metal shares advance
At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 481.95 points or 0.62% to 78,245.86. The Nifty 50 index surged 139.60 points or 0.58% to 24,410.45.

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.

IKIGAI's Pankaj Tibrewal says opportunities now lie beyond the Nifty
IKIGAI Asset Manager's Pankaj Tibrewal sees a weaker rupee boosting India's export competitiveness, creating opportunities across auto parts, engineering, chemicals, textiles and electronics manufacturing.
Nifty trades above 23,950 mark; European market advance
IT, media and realty shares advanced while metal, PSU Bank and pharma shares declined.
Sensex, Nifty surge over 1%; European mrkt advance
Barring pharma, all the sectoral indices on the NSE were traded in green, led by gains in realty, auto and metal shares.
Hindustan Zinc signs pact with Sulfozyme Agro to advance sustainable metal recovery
Hindustan Zinc has partnered with Sulfozyme Agro India. This collaboration aims to boost sustainable metal recovery. Sulfozyme Agro will operate at Hindustan Zinc's Zinc Industrial Park. They will process zinc materials into value-added products. Hindustan Zinc will provide raw material support. This initiative strengthens the MSME ecosystem in Rajasthan. It promotes industrial growth and entrepreneurship.

Most analysts tracking this Metal stock are bearish, but the one 'bull' sees 28% upside
Beyond immediate market fluctuations, NALCO continues to be identified as a "clean" proxy to play the aluminium and alumina theme. The brokerage has valued the stock at 5.1 times Enterprise value to EBITDA, which, according to HSBC, is attractive.
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.

ACME Solar Shares Jump After Raising Rs 2800 crore through QIP; Seen 65% Surge In Six Months
Key investors who have participated in the QIP included Nippon India Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, and SBI Life Insurance, among others.
Monetise idle household gold, ease compliance burden to build Viksit Bharat: Kotak MF's Nilesh Shah
Nilesh Shah of Kotak Mutual Fund suggests India must unlock its vast household gold reserves. He also calls for easing business regulations. These steps are crucial for India's development. He highlighted significant gold imports and the potential of gold financing. Entrepreneurs are driving innovation despite challenges. Support for businesses is vital for global competition.