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Stocks in news: Nazara Technologies, IndiGo, Hindustan Zinc, NTPC Green, RIL
Indian markets saw a strong rebound on Tuesday, recovering some losses. Global cues improved and crude oil price worries eased. Several companies are in focus today. Nazara Technologies saw a significant block deal. IndiGo's CEO stepped down. RIL is boosting LPG production. Vedanta calls for unlocking domestic resources. NTPC Green Energy added new solar capacity.
Block Deal: Morgan Stanley buys Rs 69 crore stake in Nazara Technologies
Morgan Stanley Asia Singapore bought shares worth ₹69.2 crore in Nazara Technologies through a block deal, acquiring 28.85 lakh shares from Think India Opportunities Master Fund as the gaming company continues global expansion and posts strong revenue and EBITDA growth.
Dixon Tech Valuation Still Higher, Says Jefferies Despite 60% Fall — Check Target Price
Jefferies has retained a hold rating on Dixon Technologies with a target price of Rs 11,350, citing elevated valuations and potential pressure on global smartphone shipments despite the stock's sharp correction.
Senior bankers quit for rivals as Asia talent fight intensifies
Senior bankers in Asia are increasingly switching firms as deal activity in the region picks up, triggering fresh hiring and poaching among major global banks. Investment banks including UBS, Citigroup, JPMorgan, Morgan Stanley and Jefferies are competing for talent across sectors such as real estate and equity capital markets.
Reliance Industries shares offer valuation comfort, Morgan Stanley sees upside risks
Morgan Stanley noted in its report that even as global refiners and Asian chemical stocks have re-rated, Reliance Industries continues to trade at a discount to its local peers.
Top Global Gas Stocks to Watch, According to Morgan Stanley - Investing.com India
Top Global Gas Stocks to Watch, According to Morgan StanleyInvesting.com India
INR crashes to fresh record low as oil surges past $100 mark amid Middle East tensions
The Indian rupee crashed to its all-time closing low of 92.35 (provisional) against the US dollar on Monday, losing 53 paise during the session, as global crude oil prices saw a sharp spike, and the greenback strengthened amid worsening conflict in the Middle East. Withdrawal of foreign funds amid intense selling in domestic equity markets further pressured the rupee. Indian shares slumped on Monday as the Iran-Israel-U.S. war entered its 10th day and the Strait of Hormuz, a critical trade route, remained shut for the sixth consecutive day. The benchmark BSE Sensex ended down 1,352.74 points, or 1.71 percent, at 77,566.16 after hitting a low of 76,424.55 earlier. The broader NSE Nifty index hit an intraday low of 23,697.80 before recovering some lost ground to close down 422.40 points, or 1.73 percent, at 24,028.05. At the interbank foreign exchange, the rupee opened at 92.22 and rose briefly to 92.15 but kept losing ground through the session before eventually settling at its ...
Explained | US-Iran war and the most impacted chemical stocks due to it
The Iran-Israel-US war has entered its 10th day and the Strait of Hormuz, a critical trade route, remains shut for the sixth consecutive day. This has resulted in a surge in oil prices and a sell-off across global markets. As tensions in the Middle East continue to escalate, trade is disrupted, and chemical stocks are in focus as they declined up to 4% on Monday. Here's a roundup of the chemical firms and the impact they may see due to the ongoing conflict, according to brokerage firm IIFL.
Qatar LNG pause may flip global supply surplus into deficit: Morgan Stanley
Analysts at Morgan Stanley said that if the LNG outage in Qatar extends beyond a month, the global LNG market forecast could quickly swing from surplus to deficit
GAIL, Petronet LNG, other gas stocks in focus amid rising expectations of prolonged Iran-Israel war
Gas stocks such as GAIL and Petronet LNG may remain in focus as the Iran-Israel conflict raises fears of prolonged disruption in the Strait of Hormuz, a key route for global energy shipments. Concerns over LNG and LPG supply risks, along with geopolitical tensions, have already weighed on several gas stocks in recent sessions.
Stocks to watch: PB Fintech, Kwality Walls, Tata Power among 10 shares in focus on Monday
Stock market today: The Indian stock market benchmark indices, the BSE Sensex and Nifty 50, are likely to open sharply lower on Monday, tracking a global market sell-off as crude oil prices surged
Stocks in news: Kwality Walls, AU Small Finance Bank, YES Bank, PB Fintech, Tata Power
Indian markets faced pressure on Friday, losing some recent gains due to cautious global sentiment and profit-taking. Several companies like PB Fintech, Kwality Walls, Cipla, AU Small Finance Bank, YES Bank, and Tata Power are in focus. Block deals occurred in PB Fintech. Kwality Walls reported Q3FY26 revenue. Cipla is recalling medication in the US.