Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Indian banks slash short-term debt sales on cheaper forex funding
Indian banks are significantly reducing their reliance on short-term debt sales, known as certificates of deposit (CDs). This shift is driven by the Reserve Bank of India's initiative to attract foreign-currency deposits, offering a cheaper and more stable funding alternative. Lenders anticipate this trend to continue, impacting CD rates and strengthening their balance sheets with more durable capital.
5 Fastest Growing Nuclear Energy Stocks in India - Equitymaster
5 Fastest Growing Nuclear Energy Stocks in IndiaEquitymaster
5 Fastest Growing Nuclear Energy Stocks in India - Equitymaster
5 Fastest Growing Nuclear Energy Stocks in IndiaEquitymaster
India, Australia set to seal uranium supply pact during PM Modi’s visit
Prime Minister Modi's Australia visit is set to feature a significant uranium supply pact, bolstering India's nuclear power ambitions. Discussions will also cover critical minerals, cybersecurity, and clean energy. This follows a decade-old framework and aims to deepen economic ties, building on the landmark ECTA trade agreement which has already boosted bilateral trade to $54.4 billion.
Stocks in news: HDFC Bank, Vedanta Power, YES Bank, Sun Pharma, Waaree Energies
Indian markets surged for a third straight day, buoyed by global sentiment and strong performance from heavyweight stocks like HDFC Bank and YES Bank. Analysts note a technical breakout, though resistance looms. Several companies, including Dabur India and Vedanta Power, reported positive quarterly updates, while Tata Power withdrew a controversial distribution application. ONGC's leadership eligibility criteria have also been broadened.
Bullish futures positioning hints at upside in large-cap stocks
Indian stock markets are seeing pockets of strength, particularly in mid- and small-cap segments, with optimism now extending to select large-cap stocks. Analysts highlight several stocks showing bullish futures build-up and positive technical indicators. IndusInd Bank, Nalco, Shree Cement, HDFC AMC, Adani Energy Solutions, Nestlé India, and ONGC are identified as potential gainers, with specific entry points, targets, and stop-losses provided for traders.
Buy, Sell Or Hold: Eternal, Swiggy, Anant Raj, Canara Bank And Siemens Energy — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
Tata Power backs off from distribution biz in Karnataka amid backlash
Tata Power has withdrawn its bid to enter Karnataka's electricity distribution network across half the state, following strong opposition from unions and the state government. The company informed the Karnataka Electricity Regulatory Commission of its decision, which comes after a cabinet resolution directing electricity supply companies to object to Tata's entry. This move aims to protect the existing public sector distribution model.
Govt denies reports of Bhutan rejecting India's E20 fuel
India's Petroleum Ministry has debunked claims that Bhutan rejected E20 petrol imports, stating no such offer was ever made. The ministry emphasized that reports suggesting otherwise are inaccurate and urged reliance on official sources. This clarification follows allegations by Congress regarding several neighboring countries refusing India's fuel. The government also reiterated that E20 fuel underwent extensive testing and is safe for vehicles aligned with blending standards.
India to require 500,000 tonnes of additional copper refining capacity every five years: ICA India
India's refined copper demand is set to surge, requiring an additional 500,000 tonnes of capacity every five years. Despite planned expansions, domestic production will remain insufficient to meet this growing need. Robust economic progress, infrastructure development, and the clean energy transition are fueling this demand, with building construction and renewables leading the charge. Further investment in smelting and refining facilities is crucial to bridge the supply gap.
Govt scraps auction of 9 critical mineral blocks citing poor investor response
Government cancels auction of nine crucial mineral blocks due to poor investor interest and a lack of qualified bidders. This setback hinders efforts to boost domestic production of minerals vital for energy security and clean-tech manufacturing. The cancellations, a recurring issue in previous rounds, highlight challenges in attracting private investment to riskier mining ventures with high costs and regulatory hurdles.