Market News
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Midcap rally hits record high amid retail buying surge
Nifty midcap indices reached new peaks on Thursday. This surge is fueled by robust earnings, consistent retail investor contributions, and strategic bargain purchases. Midcap and smallcap indices have significantly outperformed larger indices since the US-Iran ceasefire announcement a month ago. Experts suggest a pause in the rally is likely soon. Foreign investors have been selling large-cap stocks.
HDFC Bank Shares In Focus After RBI Clears Up To 9.95% Stake In ICICI Bank, Kotak Mahindra Bank
HDFC Bank submitted the application to the RBI on Jan. 23, 2026, on behalf of its group entities after aggregate holdings were expected to exceed the 5% limit prescribed under the new framework.
Nifty Midcap Select index hits record high, rallies 13% in one month
The Nifty Midcap Select index hit a new high of 14,223.90, soaring 2% and surpassing its previous high of 14,118 touched on December 1, 2025.
Nifty Pharma hits 52-wk high; Wockhardt up 15%, Laurus, Lupin at new peaks
The Nifty Pharma index was quoting higher for the fifth straight trading day, surging 3.8 per cent during the period, as against 0.37 per cent gain in Nifty 50.
Stock Market LIVE: GIFT Nifty signals positive start; Kospi hits new high; US seeks Iran deal
Sensex Today | Stock Market LIVE Updates, May 06: The GIFT Nifty signalled a positive start as oil prices fell after the US said that they are attempting to finalise a deal with Iran
Auto sales jump 13% to 2.61 million units on strong demand tailwinds
Vehicle sales saw a significant 13% jump last month, reaching 2.61 million units. This surge marks the best-ever April for most vehicle categories. Strong rural demand, GST benefits, and lower interest rates fueled this growth. Industry experts anticipate this positive trend to continue. The automotive retail sector has started the new financial year on a robust note.
ICICI Bank, L&T drag Nifty below 24,050; Sensex falls 252 points as rupee hits record low
The Nifty closed below the 24,050 mark, with ICICI Bank, Larsen & Toubro, Bharti Airtel and HDFC Bank among the biggest drags on the index.
NSE Indices rejigs multiple indices post Gujarat Gas-GSPL merger
In the Nifty 500, Gujarat State Petronet will be excluded and CIE Automotive India will be included. This replacement will also reflect in related indices such as Nifty 500 Equal Weight, Nifty 500 Multicap 50:25:25 and Nifty 500 LargeMidSmall Equal-Cap Weighted indices.
Hero MotoCorp appoints Sachin Agrawal as CTO
Hero MotoCorp has appointed Sachin Agrawal as its new Chief Technology Officer, effective from May 21. Agrawal will lead the company's research and development transformation. He brings over 29 years of experience in automotive R&D and technology leadership. Agrawal previously worked at VE Commercial Vehicles and began his career at Daewoo Motors.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Power Grid shares on 4 May
Despite ongoing geopolitical tensions, Nifty 50 increased by 0.4% to 23,998. Broader market indices performed well. A consolidation phase is expected, and investors are advised to buy high-quality stocks. Monitoring geopolitical volatility will be essential as earnings season progresses.
Bright start to FY27 for carmakers with estimated sales of 4.5 lakh units in April
Indian carmakers began the new fiscal year with robust passenger vehicle sales in April. Maruti Suzuki, Hyundai, and Kia reported record performances. The industry benefited from GST 2.0, repo rate cuts, and income tax relief. Overall domestic sales saw a significant increase, indicating a positive start to the financial year for the automotive sector.
New-age B-school report highlights strong startup placements and early offers
Mesa School of Business, a startup-focused, AI-first institution backed by Elevation Capital, has released independently audited placement outcomes showing an average CTC of ₹26 lakh for its first two cohorts,with 60% of graduates in founder-facing roles and a 2.8x average salary jump.