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.
Market's worst phase is over; focus on picking the right stocks, says Quant Mutual Fund's Sandeep Tandon
Sandeep Tandon believes the next few months will reward investors who pick strong companies rather than simply betting on the broader market, with infrastructure, power and select energy stocks among his top bets.
Pre-market action: Here's the trade setup for today's session
Indian markets ended Friday on a high, with the Nifty gaining 0.4% and securing a 0.9% weekly rise. Positive sentiment stemmed from weaker US labor data, bolstering hopes for stable interest rates. Analysts anticipate a continued upward trend for Indian equities, buoyed by global factors and easing US rate concerns. Stock-specific movements are expected from June-quarter updates, while monsoon progress remains a key focus.
Two Adani Group stocks in focus as GQG sells stake in Rs 5,750 crore deal; SBI MF lone buyer
Adani Enterprises and Adani Energy Solutions will be in focus after GQG Partners sold stakes worth about Rs 5,750 crore via block deals, with SBI Mutual Fund buying the shares. The move is seen as portfolio rebalancing following a strong recovery in Adani Group stocks over the past year.
INR settles lower as prolonged West Asia crisis poses a major risk for India; RBI eyed
The Indian rupee depreciated 7 paise to close at 95.83 (provisional) against the US dollar on Thursday, as heightened geopolitical tensions between the US and Iran drove energy volatility and aggressive safe-haven buying. The prolonged West Asia crisis poses a major risk for India, which relies heavily on energy imports. Market participants are now turning their attention to the Reserve Bank of India's MPC rate decision on June 5, as inflation, growth and the rupee are under focus. The six-member MPC, headed by RBI Governor Sanjay Malhotra, will announce its decision on June 5. Indian equity benchmarks ended flat but resilient today, recovering from early intraday losses. The NSE Nifty 50 closed marginally higher by 10.95 points (0.05%) at 23,416.55, while the BSE Sensex inched up 13.84 points (0.02%) to finish at 74,360.01. The primary catalysts for the market recovery were breaking news of potential tax concessions for foreign institutional investors (FIIs) and tentative signs of ..
Premier Energies shares in focus as promoters sell stake worth Rs 2,289 crore. Check top buyers
Promoter family members of Premier Energies sold shares worth around Rs 2,289 crore through a block deal, while institutional investors, including Quant Mutual Fund and Nomura, picked up stakes. The development comes amid strong investor interest in renewable energy and domestic solar manufacturing, supported by robust earnings growth and aggressive capacity expansion plans.
INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
Q4 Results LIVE Updates: Dr Reddy's, Dixon react to earnings; Bharti Airtel, Cipla report today
Q4 Results LIVE Updates: It's another earnings-heavy day as investors track numbers coming in from two Nifty 50 constituents Bharti Airtel and Cipla. Bharti Hexacom, TVS Motor, Tata Motors Commercial Vehicles, DLF, Crompton Consumer, DCM Shriram, HPCL, GSK Pharma, Man Infra, Oil India, NLC India, PFC, Sagar Cement, Tube Investments, are among the other important companies to track today. Watch this space for all the live earnings updates.
Vedanta demerger: How mutual funds are rebalancing after the five-way split
As Vedanta splits into five separate listed entities, the immediate focus has shifted from business fundamentals to the technical mechanics of fund rebalancing
Retail direct equity bets fall, MF holdings rise to new high
Individual investors reduced direct equity ownership for the third consecutive quarter, while mutual fund holdings reached a record high, driven by surging retail inflows. Foreign ownership hit a 14-year low amid a risk-off sentiment, contrasting with domestic institutional holdings climbing to an all-time peak.
INR settles at new lifetime low as soaring oil prices dampen sentiments
The Indian rupee declined 14 paise to settle at an all-time low of 92.42 (provisional) against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis. A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve's interest rate decision. Indian stock markets closed significantly higher for the second consecutive session, driven by gains in auto and metal sectors despite volatility. The Sensex jumped 568 points (0.75%) to close at 76,071, while the Nifty 50 added over 172 points (0.74%) to end at 23,581, rebounding after recent sharp losses. At the interbank foreign exchange, the local unit opened at 92.35 and hit the lowest intra-day level of 92.47 against the greenback. The unit finally ended at a new lifetime low of 92.42.
MFs pull back: Stakes cut in 11 smallcap stocks in Q3 after two quarters of buying
Mutual funds have sold shares in 67 BSE small-cap companies. This move follows two quarters of buying. Many of these stocks have seen their prices drop significantly this fiscal year. Some have gained substantially. However, the focus is on the major losers. This shift in mutual fund strategy warrants investor attention.