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Mcap of 6 most valued firms surges by ₹74,111 cr, Reliance biggest winner
The combined market valuation of 6 of the top-10 most valued firms surged by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 177.36 points, or 0.23 per cent. "Markets ended the week with marginal gains amid a highly volatile and range-bound trading environment. Benchmark indices witnessed sharp intraday swings throughout the week, driven by persistent rupee weakness, mixed global cues, sectoral rotation, and continued uncertainty around inflation and interest rates," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, Bharti Airtel, State Bank of India and Hindustan Unilever faced erosion from their valuation. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 ...
Qatar Holding sells 0.4% stake in Adani Energy; Birla MF buys for ₹644 cr
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for Rs 643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of Rs 1,339 apiece, taking the deal value to Rs 643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at Rs 1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at Rs 723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of Rs 714 crore in the ...
Concurrent Losers: 13 stocks decline for 5 consecutive sessions
Even as the Sensex posted modest gains during the week ending May 22, 13 BSE 500 stocks declined in every trading session. Afcons Infrastructure and Alok Industries led the losses with 11% declines, while several consumer, metal and industrial stocks also ended lower.
Aditya Birla Group bets big on IPL boom, says media rights frenzy is far from over
Aditya Birla Group sees strong future growth for Indian sports. The group believes IPL media rights will keep increasing in value. This is despite current worries about fewer bidders. India's economy and sports viewership are rising. Premium sports assets are also scarce. This supports future valuations. The group recently bought Royal Challengers Bengaluru. They are optimistic about the long-term trend.
Buy, Sell Or Hold: Hitachi Energy, JK Tyre, Aditya Birla Capital, PNB, Maruti Suzuki, GAIL — Ask Profit
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INR collapses to new historic lows driven by global conflicts and energy spikes
The Indian rupee slipped to a record low of 96.60 against the US dollar before settling at 96.52 (provisional) on Tuesday, weighed down by soaring crude oil prices, persistent foreign capital outflows, and a resilient dollar buoyed by global risk-aversion. The rupee is Asia's worst-performing currency in 2026, having tumbled to a historic intraday low of 96.60 against the US dollar. The currency has depreciated 1.5 per cent this month and more than 7 per cent so far this year. Rupee remains vulnerable to rising crude oil prices and the closure of the Strait of Hormuz. Meanwhile, the Indian equity benchmarks surrendered their early morning gains in a highly volatile trading session to settle marginally lower due to late profit-booking. The BSE Sensex declined 114.19 points (0.15%) to close at 75,200.85, while the NSE Nifty 50 slipped 31.95 points (0.14%) to finish at 23,618.00.
See long-term opportunity in auto parts, aerospace and chemicals: AB Sun Life AMC’s Harish Krishnan
Harish Krishnan of Aditya Birla Sun Life AMC said the rupee’s sharp fall may be nearing its final phase as the government and RBI step up stabilisation measures. He highlighted engineering exports, chemicals, aerospace and IT services as long-term investment themes, while cautioning that margin pressure from rising input costs could continue over the next two quarters.
Aditya Birla group, KKR left in race for Sprng Energy
Aditya Birla Group and KKR are vying to buy Shell's renewable energy firm Sprng Energy. Binding financial bids are in, and Shell will negotiate with the top two contenders next week. India's National Investment and Infrastructure Fund and Actis are out of the running. The deal could be worth around $2 billion. Shell is reviewing strategic options for Sprng Energy.
Sensex to hit 89,000? Why Morgan Stanley is betting big on India Inc after 6-quarter slowdown
Morgan Stanley has turned more bullish on India, forecasting the BSE Sensex could rise to 89,000 by June 2027, implying around 15% upside from current levels. Strategist Ridham Desai said India is emerging from a six-quarter earnings slowdown into a stronger growth phase after a “mid-cycle” pause.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian benchmark indices experienced a significant sell-off on Monday, marking their third consecutive session of decline. The Nifty50 and BSE Sensex both tumbled, led by banking, automobile, and energy sectors amid investor risk aversion. Analysts suggest a weakening trend with immediate support for the Nifty at 23,700.
Mcap of 4 most valued firms erodes by ₹1 trn, SBI biggest laggard
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. ...
Nestle India, 4 other stocks hit 52-week highs, rally up to 55% in a month
Despite the Sensex declining 252 points, five BSE 200 stocks including Adani Green Energy and Nestlé India hit 52-week highs, reflecting strong momentum and bullish sentiment supported by sharp monthly gains.