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Nifty trades above 24,000 level; metal shares in demand
Market sentiment stayed positive following the peace agreement between the United States and Iran, which eased geopolitical concerns and supported risk appetite. However, caution prevailed due to delays in monsoon progress, which have heightened concerns over food inflation. Market participants will closely track key outcomes from the G7 Summit, along with monsoon developments, foreign institutional investor (FII) activity, and inflation trends for further directional cues.
Volume Shocker: MFs add 1 crore+ shares of 6 stocks in May, stocks gain up to 25%
Among the 42 stocks, Yes Bank and Central Bank of India saw the largest mutual fund buying.
APL Apollo Tubes Ltd gains for fifth session
APL Apollo Tubes Ltd is quoting at Rs 1850.3, up 0.45% on the day as on 12:44 IST on the NSE. The stock is up 2.86% in last one year as compared to a 3.09% fall in NIFTY and a 41.61% fall in the Nifty Metal.
Jindal Stainless Ltd spurts 2.18%, gains for five straight sessions
Jindal Stainless Ltd is quoting at Rs 725.35, up 2.18% on the day as on 12:44 IST on the NSE. The stock is up 8.09% in last one year as compared to a 3.09% gain in NIFTY and a 41.61% gain in the Nifty Metal.
ICICI Prudential's Anand Shah favours manufacturing, consumer services despite inflation risks
Anand Shah, CIO-PMS & AIF at ICICI Prudential AMC, believes manufacturing-focused mid- and small-cap companies are well placed to benefit from stronger earnings growth, rupee depreciation and a gradual shift towards domestic production. He remains overweight on consumer services, private banks, asset managers and insurance firms, while expecting telecom industry profitability to improve over time through tariff hikes. Shah also warned that inflation risks from energy and food prices could weigh on consumption.
Nifty trades above 24,000 in early trade; breadth strong
Consumer durables, IT and media shars advanced while metal, realty and auto shares declined.
Stock Market News Today Live Updates: Nifty Opens Above 24,000, Sensex Gains 150 Points; ICICI Bank, Infosys Top Gainers
The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 24,042.50, compared to Tuesday's index close of 23,989.15.
Not Every Mutual Fund Should Be Held Forever. Here Are 5 Reasons To Consider Cashing Out
If one feels that their current fund's performance does not align with their risk appetite, investors may choose to re-allocate their investments.
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 advanced
IT, media and realty shares advanced while metal, PSU Bank and pharma shares declined.