Market News
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Syrma SGS Technology soars 10%; stock hits new high after gap of 5 months
Going forward, Syrma believes that the company is well poised to capitalize on the emerging opportunities and grow healthy growth rate across all verticals.
The Hosteller raises Rs 150 crore led by PROMAFT Partners in Series B funding
The Hosteller has raised ₹150 crore in a Series B funding round led by PROMAFT Partners and V3 Ventures, with participation from ITI Growth Opportunities Fund, Merisis Wealth Trust and family offices. The company said the round is the largest institutional fundraise by a backpacker hostel chain in India.
Wipro slides 23% in 3 months, turns Nifty's worst performer. Can buyback, Q4 nos. reverse trend?
Wipro shares have plummeted 23% in three months, becoming the Nifty's worst performer, impacted by weak Q3 results and sector-wide AI concerns. Despite a recent 8% gain in April, analysts remain cautious due to weak growth guidance and integration pressures. The company's upcoming Q4 results and potential share buyback will be key triggers.
Eternal to Titan: These four Nifty companies are likely to post over 50% YoY growth in Q4 profit. Do you own any?
Q4 earnings: Nineteen of Nifty 50 stocks are likely to post a profit growth of 10% or more on a YoY basis, with four names, Eternal, Titan, JSW Steel and Tata Steel, slated to record a sharp rise of 50% and above.
Tata Mutual Fund reopens lump-sum investments in small-cap fund after market correction
Tata Mutual Fund has resumed lump-sum investments in its small-cap fund, citing better valuations after recent correction and improved opportunities for long-term capital deployment.
Correction in NBFCs, IT and realty offers entry as earnings stay steady: Anupam Tiwari
Anupam Tiwari, Head of Equity at Groww Mutual Fund, expects a strong current quarter with limited impact from oil shocks so far, but flags risks from the next quarter onward. He remains positive on premium consumption, NBFCs, manufacturing exports and capex, while adding IT and premium real estate after corrections. He believes market fears may be overstated, with much of the downside already priced in.
Should investors buy TCS, Infosys ahead of Q4 results or AI risk too big to ignore?
Indian IT stocks face pressure ahead of Q4 results, with Nifty IT down nearly 20% this year. Investors weigh a potential buying opportunity against structural concerns like weak global demand and the significant impact of AI. Brokerages remain cautious, expecting subdued growth and mixed margins, with a focus on FY27 guidance.
RBI may hike repo rate by 50 basis points: BofA
The risk-reward ratio is better but don't go all into the stock market, warns Amish Shah, the head of research at Bank of America. What are the sectors to bet on as inflation risks rise and growth falters? Details in the video below.
TCS, Wipro to Infosys: IT stocks today defy market crash ahead of Q4 results season; Nifty IT jumps 6% in 3 days
IT stocks outperformed the broader market on April 6, with Nifty IT rising over 1% for a third straight session ahead of Q4FY26 earnings. TCS, Infosys, Wipro and Coforge gained, while Kotak expects muted Q4 results but stable YoY growth and rupee-led earnings support.
INR settles at new lifetime low as soaring oil prices dampen sentiments
The Indian rupee declined 14 paise to settle at an all-time low of 92.42 (provisional) against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis. A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve's interest rate decision. Indian stock markets closed significantly higher for the second consecutive session, driven by gains in auto and metal sectors despite volatility. The Sensex jumped 568 points (0.75%) to close at 76,071, while the Nifty 50 added over 172 points (0.74%) to end at 23,581, rebounding after recent sharp losses. At the interbank foreign exchange, the local unit opened at 92.35 and hit the lowest intra-day level of 92.47 against the greenback. The unit finally ended at a new lifetime low of 92.42.
All you need to know about a SBI MF’s plan for a ₹13,000 crore IPO
The fund house is looking at an IPO size of Rs 13,000 crore — making it one of the largest financial services IPOs in the country.
Iran war boosts gold, silver appeal; Tata MF advises staggered buying
Tata Mutual Fund advises staggered investment in gold and silver as the Iran conflict fuels geopolitical uncertainty and strengthens safe-haven demand