Market News
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Stocks in news: Prime Focus, Groww, GIC RE, Wipro, Nykaa
Indian benchmark indices traded with a positive bias, with the Nifty consolidating near the 24,000 mark and closing near its day's high. Several companies, including Prime Focus, GIC RE, Wipro, Groww, and Nykaa, were in focus due to significant news developments. These ranged from regulatory approvals and successful acquisitions to strategic AI collaborations and expansion into international markets.
India's IPO fundraising slows in 2026 despite robust pipeline: Equirus Capital
Despite a slowdown in IPO activity this year, India’s primary market remains well-stocked with 236 draft issues, while listings from Turtlemint, Zepto and SBI Mutual Fund are expected in the coming months.
Hindalco Industries Ltd eases for fifth straight session
Hindalco Industries Ltd is quoting at Rs 973.3, down 4% on the day as on 13:19 IST on the NSE. The stock jumped 51.68% in last one year as compared to a 3.68% slide in NIFTY and a 39% spurt in the Nifty Metal index.
Tata Steel Ltd eases for fifth straight session
Tata Steel Ltd is quoting at Rs 194.58, down 1.37% on the day as on 13:19 IST on the NSE. The stock jumped 27.51% in last one year as compared to a 3.68% slide in NIFTY and a 39% spurt in the Nifty Metal index.
Nifty trades above 23,950 mark; European market advance
IT, media and realty shares advanced while metal, PSU Bank and pharma shares declined.
Nifty trades above 23,950 mark; European market advanced
IT, media and realty shares advanced while metal, PSU Bank and pharma shares declined.
NSE Indices launch 11 new sectoral indices including Nifty Power and Nifty Hospitals
NSE Indices has introduced 11 new sectoral benchmarks, taking its total sectoral index count to 34. The move aims to deepen sector-specific market coverage, support the growing passive investment ecosystem and provide fund managers with new benchmarks for ETFs, index funds and thematic products.
Nifty trades above 23,900 level; metal shares in demand
Metal index extended losses for the second consecutive trading sessions.
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.
Jindal Stainless Ltd soars 2.11%, Gains for third straight session
Jindal Stainless Ltd is quoting at Rs 709.2, up 2.11% on the day as on 12:49 IST on the NSE. The stock is up 1.03% in last one year as compared to a 4.2% gain in NIFTY and a 40.34% gain in the Nifty Metal index.
JSW Steel Ltd soars 0.49%, rises for fifth straight session
JSW Steel Ltd is quoting at Rs 1303.9, up 0.49% on the day as on 12:44 IST on the NSE. The stock is up 29.9% in last one year as compared to a 4.14% drop in NIFTY and a 40.36% drop in the Nifty Metal.
Mutual fund distributors seek tax relief after Sebi’s expense ratio overhaul
Distributors have urged the Association of Mutual Funds in India to adopt the reverse charge mechanism to offset income losses stemming from new expense ratio regulations. Many small distributors, particularly those exempt from GST, are significantly affected by the changes.