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Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Reliance rallies 3% post AGM, Jio IPO approval; brokerages remain upbeat
Reliance post AGM: Stock up 3% in Monday's trade. However, in the past six months, RIL has underperformed the market by falling 15%, as against 10% decline in the BSE Sensex.
Market opens on firm note; breadth strong
At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 422.80 points or 0.56% to 77,227.89. The Nifty 50 index rose 124.30 points or 0.52% to 24,135.95.
GVK Power & Infrastructure Ltd Falls 1.77%
GVK Power & Infrastructure Ltd has lost 12.06% over last one month compared to 0.14% gain in BSE Utilities index and 2.31% rise in the SENSEX
HFCL Ltd Surges 4.1%
HFCL Ltd has added 47.37% over last one month compared to 10.15% gain in BSE Telecommunication index and 2.31% rise in the SENSEX
Trade Setup For June 22: Nifty's Next Hurdle At 24,150 As Short Term Remains Positive
On Friday, both Nifty and Sensex snapped a five-day winning streak.
Easing West Asia tensions boost IPO activity, 3 issues to open next week
The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline. Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM Technologies will launch their maiden public issues over the next few days, while packaging solutions provider Knack Packaging is expected to announce its price band. Quick commerce unicorn Zepto is looking to raise over Rs 10,000 crore, and the country's largest fund house, SBI Mutual Fund, plans to launch its Rs 13,000-crore public issue next month, according to people familiar with the development. In June, CMR Green Technologies and Hexagon Nutrition have already launched their IPOs, while the public issue of insurtech unicorn Turtlemint Fintech Solutions is currently underway. Adding to the momentum, the National
Mcap of 9 most valued firms jumps ₹2.15 trn, Airtel biggest winner
The combined market valuation of nine of the top-10 most valued firms jumped by Rs 2.15 lakh crore last week, with Bharti Airtel emerging as the biggest winner, in line with improving global risk sentiment. Last week, the BSE benchmark Sensex jumped 1,274.95 points, or 1.68 per cent. "Indian equity markets extended their recovery during the week, supported by easing geopolitical concerns, softer crude oil prices, and improving global risk sentiment. Although negotiations remain ongoing and the agreement is yet to be fully implemented, the reduction in geopolitical uncertainty has significantly improved market sentiment," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. The market valuation of Bharti Airtel surged by Rs 52,432.67 crore to Rs 11,62,963.30 crore, the most among the top-10 firms. Life Insurance Corporation of India (LIC) added Rs 51,675.23 crore, taking its valuation to Rs 5,56,726.30 crore. The valuation of Bajaj Finance soared by Rs 26,55
9 Sensex stocks with up to 40% upside potential. Are these in your portfolio?
Analyst target prices suggest several Sensex heavyweights could offer strong upside over the next 12 months. Based on Trendlyne consensus estimates, stocks including TCS, Infosys, HIL, Eternal and Reliance Industries show return potential ranging from 20% to 40% amid a more selective market environment.
Indian stock market: How are Sensex and Nifty 50 likely to perform next week amid US-Iran peace deal? - Mint
Indian stock market: How are Sensex and Nifty 50 likely to perform next week amid US-Iran peace deal?Mint
Will Sensex, Nifty bounce back on Monday? Iran peace deal risks among 5 factors to drive D-St this week
Indian stock markets experienced a sharp decline on Friday, breaking a five-day winning streak. Key factors influencing Dalal Street next week include potential US-Iran peace deal risks, volatile oil prices, a significant sell-off in IT stocks, the rupee's performance against the dollar, and a return of foreign institutional investors as net buyers. These elements will shape market sentiment in the coming days.
Indian Stock Market Outlook Next Week, June 22-26: Sensex, Nifty Likely to Extend Rally Amid FII Flows, Falling Crude - Goodreturns
Indian Stock Market Outlook Next Week, June 22-26: Sensex, Nifty Likely to Extend Rally Amid FII Flows, Falling CrudeGoodreturns