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Renaissance Investment CIO sees value in IT, autos and financials
Pankaj Murarka, CEO & CIO of Renaissance Investment Managers, says the global AI investment boom could benefit Indian IT services as enterprise adoption rises. He believes fear-driven selling in IT stocks is fading and sees value emerging in the sector. Murarka is also positive on autos, EV-linked themes, energy and financials over the medium term, while cautioning that some AI and power infrastructure stocks are difficult to justify on traditional valuations.
Strong earnings: Vedanta, JSW Steel among 10 largecaps that reported best Q4 results
Indian markets conclude the Q4 earnings season with robust results. Vedanta, JSW Steel, Muthoot Finance, Indian Oil Corporation, Tata Steel, Hindustan Zinc, Samvardhana Motherson, Mahindra & Mahindra, Siemens Energy, and BPCL reported significant year-on-year growth in profits and revenues. This widespread outperformance across various sectors signals a strong financial performance for these large-cap companies.
Aditya Birla Group seen as front-runner in $1.7-billion-plus deal for Shell’s Sprng Energy: report
Aditya Birla Group has emerged as front runner to buy Shells Indian renewable platform Sprng Energy for over $1.7 billion, edging KKR, though talks remain ongoing and non-binding.
INR slides further as renewed geopolitical tensions led to surge in crude oil prices
The Indian rupee depreciated 5 paise to close at 94.90 (provisional) against the US dollar on Monday, amid renewed geopolitical tensions between the US and Iran and surge in crude oil prices. Strength of the American currency in the overseas market and Israel-Lebanon tensions also deteriorated global risk sentiments. At the interbank foreign exchange market, the rupee opened at 94.93 against the US dollar, then touched an intraday high of 94.73 and a low of 95.03 during the day. Meanwhile, domestic markets also closed sharply lower due to escalating Middle East tensions, surging crude oil prices, and ongoing foreign institutional investor (FII) outflows. The BSE Sensex settled at 74,267.34, down by 508.40 points (0.68%), and the NSE Nifty 50 ended at 23,382.60, dropping 165.15 points (0.70%).
Indian Energy Exchange schedules analyst meet on June 3 - scanx.trade
Indian Energy Exchange schedules analyst meet on June 3scanx.trade
Indian Energy Exchange Formally Incorporates Indian Coal Exchange with ₹100 Crore Capital - scanx.trade
Indian Energy Exchange Formally Incorporates Indian Coal Exchange with ₹100 Crore Capitalscanx.trade
Buy or sell: Gift Nifty signals gap-up opening, Vaishali Parekh recommends three stocks to buy today — 1 June 2026
Buy or sell: Vaishali Parekh recommends three stocks to buy today —Latent View, Precision Camshafts, and IEX
Nifty has a positive undertone, but Street waits for a decisive breakout
Nifty is trading in a consolidation zone between 23,200 and 24,050. Analysts suggest buying on dips with a target of 23,900. Key sectors like banking and auto are showing strength. Specific stock recommendations include Tata Power, Sona BLW, L&T, Indian Energy Exchange, Nuvama Wealth Management, and Syrma SGS Technology for potential gains.
Sebi imposes penalty on Suzlon, executives for misstating financials
The Securities and Exchange Board of India has fined Suzlon Energy and its top executives ₹29 crore. This action follows allegations of misleading investors by misstating financial statements between FY14 and FY20. Sebi's investigation revealed questionable transactions, including the sale of a business at an inflated price.
Citadel Securities Loses Court Fight Over New IEX Options Venue
Citadel Securities lost its bid to block IEX Group Inc. from launching a new type of options exchange that intentionally slows orders, after a federal appeals court on Friday rejected the market maker’s challenge.
Hitachi Energy India eyes bigger slice of data centre boom with 'grid-to-rack' push
Hitachi Energy India aims for a significant share of the booming Indian data centre market. The company plans to capture 30% of the industry's spending by offering a comprehensive "grid-to-rack" power solution. This expansion targets the growing demand driven by digital transformation and AI workloads.
Green Energy Stocks Slide As Indian Market Sees Sharp Sell-Off On May 29 - SolarQuarter
Green Energy Stocks Slide As Indian Market Sees Sharp Sell-Off On May 29SolarQuarter