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Stocks in news: Waaree Energies, Kotak Bank, HDFC Bank, Strides Pharma, Persistent Systems
Indian markets showed volatility, ending nearly flat despite positive signals. Analysts note Nifty faces resistance from key moving averages, with a decisive close above 24,200 crucial for further gains. Several companies like Waaree Energies, Kotak Bank, and Tata Motors are in focus due to significant developments, including US investigations, strategic partnerships, and EV expansion plans.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints at muted start; OMC stocks in focus
Sensex Today | Stock Market LIVE Updates: The 24,000 level remains key for the Nifty index to unlock the next leg of upmove. The Nifty Bank has been the bigger outperformer, gaining 2,000 points in two sessions and the exhaustion at higher levels was much more pronounced there with the index cooling over 600 points from the day's high.
Indian Stock Market Outlook Next Week, June 15-19: Sensex, Nifty Likely to Stay Positive; Fed Meeting in Focus - Goodreturns
Indian Stock Market Outlook Next Week, June 15-19: Sensex, Nifty Likely to Stay Positive; Fed Meeting in FocusGoodreturns
Dividend, bonus issue, stock splits next week: HDFC Bank, Tata Motors PV, Tata Tech, Torrent Power, among others in focus - Upstox
Dividend, bonus issue, stock splits next week: HDFC Bank, Tata Motors PV, Tata Tech, Torrent Power, among others in focusUpstox
Two Adani Group stocks in focus as GQG sells stake in Rs 5,750 crore deal; SBI MF lone buyer
Adani Enterprises and Adani Energy Solutions will be in focus after GQG Partners sold stakes worth about Rs 5,750 crore via block deals, with SBI Mutual Fund buying the shares. The move is seen as portfolio rebalancing following a strong recovery in Adani Group stocks over the past year.
Karur Vysya has a four-pronged plan to move up to the next level: B Ramesh Babu, MD & CEO
After a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the next two years from 14% at present. It also plans to enter into the credit card business, and loans against mutual funds are on the cards, too, as is a renewed focus on microloans.
Premier Energies shares in focus as promoters sell stake worth Rs 2,289 crore. Check top buyers
Promoter family members of Premier Energies sold shares worth around Rs 2,289 crore through a block deal, while institutional investors, including Quant Mutual Fund and Nomura, picked up stakes. The development comes amid strong investor interest in renewable energy and domestic solar manufacturing, supported by robust earnings growth and aggressive capacity expansion plans.
INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
Sensex Today | Stock Market LIVE Updates: Amber Enterprises in focus, JPM, CLSA cut target for stock
Sensex Today | Stock Market LIVE Updates: The India VIX remains near 20 and analysts see this as a worry. For the Nifty, 23,250 - 23,350 remains a support zone, while 23,700 - 23,800 needs to be crossed on the upside for a move back towards 24,000. HDFC Bank led the Nifty Bank recovery on Friday and the bulls would hope that continues as well.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades lower; Muthoot Fin in focus
Sensex Today | Stock Market LIVE Updates: The next Nifty hurdle is its 20-DMA, just near the mark of 23,900. That's another 200 points away. The Nifty Bank will be the index to watch as any further short-covering could propel both indices higher. The Nifty support is back at 23,500 and the index is set for a weekly advance as well.
Nifty May futures trade at a premium
Dixon Technologies (India), Cipla and HDFC Bank were the top traded contracts.
Nifty May futures trade at premium
State Bank of India, Titan Company and HDFC Bank were top traded contracts.