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Aukera raises ₹90 crore debt funding to expand lab-grown diamond jewellery business
In a significant move, lab-grown diamond brand Aukera raised ₹90 crore in debt financing, spearheaded by Alteria Capital. This influx of capital is earmarked for enhancing retail presence and advancing product innovation. Aukera's strategy includes opening additional outlets in both familiar and new cities, as the company targets the upscale segment of the booming market, ensuring a robust balance sheet for upcoming industry shifts.
Blue Jet Healthcare shares rally 9% after Rs 800 crore QIP allotment
Blue Jet Healthcare shares rose sharply on Friday after the company completed its Rs 800 crore QIP, attracting marquee institutional investors, including multiple ICICI Prudential Mutual Fund schemes. The fund raise is expected to strengthen the company's balance sheet, support expansion plans, and boost long-term growth prospects while broadening its institutional shareholder base.
Trade Setup For July 10: How Nifty May React To TCS Q1 Results — Key Levels To Watch
Apart from technical levels, the market will also take cues from the start of the earnings season.
Market ends higher: 3 factors that helped Sensex, Nifty snap two-day losing streak
Bharti Airtel, HDFC Bank and Sun Pharma were the biggest contributors to the Nifty's gains. The Nifty Bank index climbed 510 points to 57,252, while the Midcap index outperformed, rising 844 points to 62,167.
Stock Market Today Live, July 9: Sensex up 450 pts, trades at 76,956.50; Nifty up 155 pts; Sun Pharma, SBI Life, Bajaj Finserv top gainers - BusinessLine
Stock Market Today Live, July 9: Sensex up 450 pts, trades at 76,956.50; Nifty up 155 pts; Sun Pharma, SBI Life, Bajaj Finserv top gainersBusinessLine
10 Nifty 500 stocks plunge over 50% from 52-week highs. Do you own any?
Nifty 500 stocks experienced sharp declines, far exceeding index movements. Several companies saw their values drop by over fifty percent from recent highs. Reliance Power and Cohance Lifesciences are among the biggest losers in this market correction.
SBI Funds Management fixes price band for ₹11,692 crore IPO; Details here
At the upper end of the price band, SBI Funds Management will have a market capitalization of nearly ₹1.17 lakh crore, which puts it at par or even higher than many Nifty 50 companies.
Airtel to Trent: 44 stocks likely to report double-digit profit slump in Q1. Are your stocks on the list?
Motilal Oswal expects 44 companies, including Bharti Airtel, Trent, IndiGo, HAL, GAIL and Cipla, to report double-digit year-on-year profit declines in the June quarter. Higher energy costs, weaker demand, geopolitical tensions and margin pressure are expected to weigh on earnings, even as overall corporate profit growth slows in Q1.
Nifty Q1 earnings to grow 10%, highest in 4 quarters, says Motilal Oswal. Which sectors will take charge this quarter?
The June-quarter earnings season begins with TCS reporting on Thursday, with Motilal Oswal forecasting a 3% year-on-year earnings decline for its coverage universe—the weakest since September 2020. While large- and mid-cap companies are expected to post profit declines, small caps are projected to deliver 20% PAT growth.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Shriram Finance, Piramal Pharma shares on 6 July
Indian benchmark indices, Sensex and Nifty 50, opened higher on July 6, driven by gains in private banking stocks following strong quarterly updates from HDFC Bank and Axis Bank. Market breadth was positive with 14 of the 16 major indices in the green.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints at a negative start; Sona BLW in focus
Sensex Today | Stock Market LIVE Updates: Nearly the entire market has reported its business update for the first quarter over the weekend, with companies ranging from banks, FMCG and even the diagnostics space. The bulls will take comfort from the fact that gains of the last two sessions have come without banks doing the heavy lifting.
Analysts back buy-on-dips strategy as Nifty targets 24,450–24,800
Indian stock market analysts are optimistic, anticipating the Nifty to continue its upward trend. They suggest buying on dips around the 24,000-24,150 mark, with potential upside targets reaching 24,800. Several stocks, including Container Corporation of India, IndusInd Bank, Biocon, HDFC Asset Management Company, Shriram Finance, and Piramal Pharma, are highlighted as strong buy recommendations with specific price targets and stop-losses.