Market News
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INR slips in opening trades as dollar recovers marginally; downside seen limited
The Indian rupee fell 10 paise to 95.28 against the American currency in early trade on Monday, weighed down by slight uptick of the American currency in the overseas market. However, positive cues from local equities and easing international oil prices are likely to limit downside in the counter. Indian shares are seen opening in green, with underlying sentiment likely to remain underpinned by improving earnings visibility and expectations of a more supportive global liquidity environment going forward. The BSE Sensex gained 176.99 points (0.23%) to open at 77,940.90, while the NSE Nifty 50 rose 36.00 points (0.15%) to open at 24,306.85.
Aastha Spintex share price makes weak debut, lists at 4% discount to the IPO price
Aastha Spintex share price listed at 4.41% discount to the IPO price of ₹136 per share. The stock opened at ₹130 per share on both NSE and BSE.
Adon Agro Commodities shares list at 12% premium over IPO price on BSE SME platform
Adon Agro Commodities experienced a robust stock market debut, listing at a nearly 12% premium on the BSE SME platform, surpassing grey market expectations. The company, which deals in dry fruits, nuts, seeds, and berries, raised Rs 44.03 crore through its IPO. Adon Agro boasts a diversified revenue model and has seen significant customer base expansion, highlighting its growing operational scale.
Aastha Spintex disappoints on D-Street debut; shares list at 4% discount
The cotton yarn and cotton bales manufacturer and trader debuted at ₹130 per share on both the BSE and NSE, down ₹6 or 4.41 per cent from its issue price of ₹136 per share
VL E-Governance & IT Solutions Ltd Slips 4.49%
VL E-Governance & IT Solutions Ltd has lost 22.46% over last one month compared to 5.64% fall in BSE Information Technology index and 4.98% rise in the SENSEX
Sobha Ltd Surges 2.71%, BSE Realty index Gains 1.14%
Sobha Ltd has added 10.21% over last one month compared to 17.25% gain in BSE Realty index and 4.98% rise in the SENSEX
Sensex jumps 268 pts in early trade; breadth positive
At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 267.61 points or 0.27% to 78,049.47. The Nifty 50 index rose 83.30 points or 0.34% to 24,352.15.
Knack Packaging IPO allotment: Check status online on NSE, BSE, MUFG Intime India; listing date, time revealed - Upstox
Knack Packaging IPO allotment: Check status online on NSE, BSE, MUFG Intime India; listing date, time revealedUpstox
Blue-Chip Blues: A quarter of India's top stocks have failed to deliver meaningful returns
A significant portion of BSE 100 companies, 23 to be exact, have struggled to deliver robust annual returns over the past three years, with many trading below their historical valuations. Consumer, IT, and BFSI sectors show a concentration of these underperformers. Despite challenges like cautious client spending and rural demand concerns, some giants like RIL and TCS are poised for growth driven by new ventures and expansion.
Stock markets to track crude prices, global trends, TCS earnings this week
Trading sentiment in the stock market this week will depend on crude oil prices, global trends and the start of corporate earnings season with IT bellwether TCS reporting its June-quarter financial results on July 9, analysts said. Besides, the advancement of the southwest monsoon and trading activity of foreign investors would also influence market trading, they added. "Investors will closely monitor the quarterly results of TCS on July 9, with particular focus on management commentary regarding demand trends, discretionary spending, and AI-led business opportunities," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty increased by 214.85 points, or 0.89 per cent. "Domestically, investor attention will centre on the commencement of the Q1 FY27 earnings season from July 9, with the initial batch of corporate earnings and management commentary expected to provide valuable insights int
Mcap of 6 of top-10 most valued firms surges ₹1 trillion, Airtel top gainer
The combined market valuation of 6 of the top-10 most valued firms surged by Rs 1 lakh crore last week, with Bharti Airtel and Bajaj Finance emerging as the biggest gainers, amid a largely positive trend in equities. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty rose 214.85 points, or 0.89 per cent. Markets ended the week on a firm footing, supported by resilient domestic macroeconomic indicators, healthy GST collections and improving industrial activity, Ajit Mishra, SVP, Research, Religare Broking Ltd, said. "Expectations of a more accommodative global monetary policy following softer-than-expected US labour market data further strengthened investor sentiment," he added. The market valuation of Bharti Airtel jumped Rs 36,529.21 crore to Rs 11,63,877.30 crore, the most among the top-10 firms. Bajaj Finance added Rs 33,059.83 crore, taking its valuation to Rs 6,43,141.36 crore. ICICI Bank's valuation surged Rs 16,084.29 crore to Rs
11 largecap stocks with upside potential of up to 50%. Do you own any?
Indian investors are eyeing significant gains as analyst forecasts highlight 11 largecap BSE stocks poised for 25% to 50% growth in the next year. Companies like Swiggy, ICICI Prudential Life, and HDFC Life Insurance are among those with strong 'Buy' ratings and substantial projected upside.