Market News
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Top Gainers & Losers on May 27: JP Power Ventures, Adani Total Gas, HFCL, Swiggy, Suzlon Energy among top gainers
On May 27, the Indian stock market showed little movement amidst US-Iran conflict uncertainty. The Nifty 50 closed down 0.03%, and the Sensex fell 0.19%. Sector performance varied, with Nifty Media rising 3% and Nifty Private Bank among the top decliners.
Zee Ent surges after unveiling Unite8 Sports channel
Zee Entertainment Enterprises surged 10.76% to Rs 91.79 after the company announced the launch of its sports broadcasting venture, Unite8 Sports, aimed at strengthening its footprint across the sports media and broadcasting ecosystem.
LIC drops after reports of government stake dilution
Life Insurance Corporation of India (LIC) declined 3.32% to Rs 826.80 after media reports indicated that the government is likely to divest a 2% stake in the state-run insurer through an institutional placement in late June or early July.
After earnings beat, AIA Engineering banks on new mining solution for volume uptick
Successful conversion of miners to hi-chrome media and acceptance of mill liners could lead to further re-rating of AIA Engineering shares
PVR INOX says nostalgia & FOMO brings audiences back to theatres
Movie re-releases are gaining traction in theatres. Nostalgia and the fear of missing out are key drivers. Multiplexes are showcasing classic films alongside new releases. This strategy aims to attract audiences who missed original runs or wish to relive experiences. Films like Tumbbad and Rockstar are seeing renewed success. Social media also plays a role in popularizing older movie music.
India quick commerce still has room to grow despite rising competition: UBS
Navin Killa, Head of APAC Telecommunications, Media & Internet at UBS Investment Bank said quick commerce has not yet reached a stage where only the strongest players will survive. Discounting, he added, remains a customer acquisition tool, particularly for first-time users who may still be hesitant to try the format.
HDFC Bank 'strongly' rejects Rs 45 cr payment route wrongdoing
HDFC Bank has strongly denied media reports alleging wrongdoing. The bank stated its internal oversight, audit, and control systems are robust. This clarification follows a report about an internal investigation into Rs 45 crore payments. The payments were reportedly disguised as marketing expenses to a public sector undertaking. HDFC Bank maintains its commitment to transparency and strong governance.
Hathway Cable & Datacom Ltd spurts 2.36%, up for third straight session
Hathway Cable & Datacom Ltd is quoting at Rs 10.83, up 2.36% on the day as on 12:49 IST on the NSE. The stock is down 30.22% in last one year as compared to a 3.32% fall in NIFTY and a 16.47% fall in the Nifty Media index.
Zee Entertainment Enterprises Ltd soars 10.41%
Zee Entertainment Enterprises Ltd is quoting at Rs 91.4, up 10.41% on the day as on 12:49 IST on the NSE. The stock is down 28.79% in last one year as compared to a 3.32% drop in NIFTY and a 16.47% drop in the Nifty Media index.
Zee nears deal to bag India media rights for 2026 FIFA World Cup after JioStar exits race
Zee Entertainment Enterprises is close to securing the broadcast and streaming rights for the 2026 FIFA World Cup in India. JioStar has withdrawn from the bidding process. This move signals Zee's commitment to expanding its sports content. The tournament will be held in the United States, Canada, and Mexico.
AIA Engineering shares surge as Street cheers 38% profit jump; company to pay ₹16 dividend
AIA Engineering highlighted that anti-dumping and countervailing duties imposed by the United States on certain high chrome grinding media imports from India remain effective from June 12, 2025. The duties include a 3.16% countervailing duty and 6.91% anti-dumping duty.
Markets may have bottomed out; Nifty could head towards 25,800: Rohit Srivastava
Rohit Srivastava, Founder of Indiacharts & Strike Money, believes Indian markets have likely formed a bottom and could gradually move higher over the next few months, with Nifty potentially heading towards 25,800. He remains bullish on Bank Nifty after a technical breakout and sees strength returning to broader markets through improving liquidity. Srivastava remains cautious on IT stocks despite short-term trading opportunities, while Reliance Industries and select private banks continue to show improving trends.Disclaimer: Network18 and TV18, the companies that operate CNBC-TV18, are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.