Market News
Stay updated with the latest market trends, earnings, and economic indicators.
HFCs emerge stronger after FY26 stress, asset quality recovers sharply; sector better placed for FY27: Report
Housing finance companies have emerged stronger after facing challenges. Asset quality has improved significantly. Loan growth is picking up, and profitability remains resilient. The sector saw a broad-based recovery in the fourth quarter of FY26. This was supported by better collections and healthy disbursement growth. HFCs are now better positioned to handle future challenges.
Dollar index renews momentum; US PPI data awaited
The dollar index is edging closer to 100 on Thursday, lingering near its highest levels in two months amid fresh US attacks over Iran and as US consumer inflation accelerated in May to its fastest pace in more than three years due to soaring energy costs. May US inflation accelerated at its fastest pace in over three years due to surging energy costs, though the data matched expectations. Market focus now turns to the upcoming release of May's Producer Price Index (PPI) and Initial Jobless Claims. The yield on the US 10-year Treasury note steadied around 4.55% on Thursday awaiting fresh US economic data for further clues on the Federal Reserves policy outlook.
Wipro share buyback opens Thursday; stock hits 6-yr low, down 14% in 1 week
Wipro's near-term revenue trajectory remains challenged with Q1FY27 guidance of -2 per cent to 0 per cent CC QoQ, amid multiple headwinds, say analysts at Mirae Asset Sharekhan.
Nifty Near Inflection Point; Key Support Stands At 23,000-23,100 Zone
The index has been moving within the 50% to 61.8% retracement zone of the rally from the April 2 low to the April 21 high.
SBI Valuations Attractive Despite Headwinds, Says Axis Securities — Check Target Price, Upside
After a strong overall performance in FY26, SBI enters FY27 from a position of structural strength with the ability to maintain 1% RoA, pristine asset quality, restored capital buffers, and an accelerating digital transformation.
Trade Setup For June 11: Nifty Faces Key Hurdle At 23,350 Amid Renewed Threats Of Iran War | Check Key Levels
Technical indicators suggest that while broader trends remain intact, near-term momentum has weakened after US President Donald Trump signalled further military action against Iran.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities lost momentum after a positive start, with Nifty closing lower and broader markets declining sharply. Investor caution ahead of US inflation data, profit booking and geopolitical concerns weighed on sentiment, while FMCG and private banking stocks offered some support.
Nifty Outlook For June 11: Downtrend persists as higher levels disappoint bulls yet again
The 23,350 level on the upside would act as an immediate resistance zone for the Nifty bulls, according to Shrikant Chouhan of Kotak Securities. Till the time the index trades below that level, Chouhan expects the index to retest levels of 23,100 - 23,050 on the downside.
Quality Power gains after inking pact to acquire insulator maker, WSIL
Quality Power Electrical Equipments advanced 1.74% to Rs 1160.65 after the company announced the execution of a term sheet to acquire a 100% stake in Winwin Speciality Insulators (WSIL) for an enterprise value of Rs 315 crore.
QPOWER to acquire Visakhapatnam-based Winwin Speciality Insulators
Quality Power Electrical Equipments today announced that it executed a term sheet to acquire 100% of the equity share capital of Winwin Speciality Insulators (WSIL), a Visakhapatnam-based manufacturer of high-voltage ceramic and polymeric insulators. The transaction is subject to customary due diligence, statutory and regulatory approvals, and other closing conditions, and is expected to be completed within three months.
GIFT Nifty rises 100 points, hints at positive start; key trading cues for today
Indian markets closed higher on Tuesday, boosted by banking and financial stocks. The Reserve Bank of India's new forex swap facility eased overseas borrowing concerns. Market sentiment improved with hopes of a Middle East truce and falling crude oil prices. Investors remain watchful due to ongoing geopolitical tensions and inflation worries.
Trade Setup For June 10: Nifty Finds Support Near 23,100 Amid Mixed Global Cues; GIFT Nifty Signals Red Start
GIFT Nifty is signalling a gap-down start on Wednesday.