Market News

Blending of E20+ and petrol exempt from excise duty

The government has removed excise duty on blending over 20% ethanol with petrol. This move supports the use of more domestically produced ethanol. It aims to reduce reliance on imported crude oil. While this exemption is a step towards higher blends, extensive testing is still required. Most current vehicles are compatible with up to E20 blends.

Power Grid Share Price Live Updates: Power Grid's Current Trading Status

The AI play no one is talking about: Why BofA is snapping up power & metals instead of IT

BofA Securities India's Amish Shah advises shifting from IT to infrastructure, citing a 'dangerous gap' in consensus earnings forecasts. He highlights that commodity-driven earnings won't command premium valuations, and warns of potential downside from current market levels. Shah's strategy favors value in financials, growth in data center-linked infrastructure and metals, and policy plays in energy security and shipbuilding.

Reliance Infra seeks review of weekly trading curb under ASM framework

Reliance Infrastructure Limited on Sunday said that it has sought a review of the insolvency-related surveillance framework, under which trading in the company's stock is allowed only once a week. Reliance Infrastructure Limited, in a statement, said it has submitted a formal representation to the Securities and Exchange Board of India (SEBI), National Stock Exchange (NSE), and Bombay Stock Exchange (BSE), seeking a review of the Additional Surveillance Measure (ASM) linked to Insolvency and Bankruptcy Code (IBC) and the related trading restrictions on its shares. Citing adverse impact on more than 7 lakh public shareholders, Reliance Infra said that the current framework, which permits trading only once a week within a narrow 5 per cent price band, results in price movements that are largely mechanical and predictable. It emphasised the need to ensure that market mechanisms continue to facilitate fair price discovery and maintain investor confidence. "The company believes that suc

Broader markets crash! Physicswallah, Coforge, other small & midcap stocks tumble up to 6%. Do you own?

Indian smallcap and midcap stocks plummeted on Wednesday due to persistent FII selling, a weakening rupee, and global factors. IT stocks, which had surged previously, saw a sharp selloff, with major players like TCS and Infosys dropping significantly. Analysts point to energy shocks and current account deficit concerns impacting market sentiment.

Suzlon unveils 'Suzlon 2.0', targets 10 GW annual renewable energy sales by FY31

As part of the strategy, Suzlon plans to quadruple its annual renewable energy sales to 10 GW by FY31, expand its order book to 15 GW from the current 5.7 GW, and increase its renewable energy assets under management (AUM) to 70 GW from current levels.

NHPC OFS subscribed 3.47 times on day 1; govt to exercise full green shoe option

The sale of over 60.27 crore shares, representing a 6% stake at a floor price of ₹71 a share, would fetch about ₹4,200 crore to the exchequer. This will be the third OFS of a PSU in the current fiscal year. Shares of NHPC Ltd ended at ₹72.28, down by ₹4.91, or 6.36%, on the BSE today, June 2.

BofA prefers oil producers over refiners as crude prices stay elevated

Bharat Subramanian, Senior Analyst (Energy) at BofA Global Research, expects oil marketing companies to report negative marketing margins during the current year.

PLI 2.0: India bets big on making more of the smartphone at home

India is updating its mobile phone production incentive scheme. The new plan targets over 55% domestic value addition. It will also link with component manufacturing schemes. This aims to boost local sourcing of crucial parts. The government wants to reduce reliance on imports for high-value components. This move follows concerns about current import dependence.

Power Grid Share Price Live Updates: Power Grid's Current Market Price

NTPC Share Price Live Updates: NTPC's Current Market Position

Hitachi Energy India shares, after surging 93% so far in 2026, get their highest price target

Jefferies said the industry demand trends remain robust and high voltage direct current (HVDC) projects should be margin accretive and contribute to the Hitachi Energy India's growth going ahead.