Market News
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Stocks in news: JSW Steel, ZEE, Adani Enterprises, Vodafone Idea, Eicher Motors
Indian markets saw a volatile Monday, ending nearly flat due to global weakness and economic worries. Analysts suggest Nifty is consolidating, with resistance at 23,800-24,000 and support near 23,150-23,300. Key companies like JSW Steel, ZEE, and Adani Enterprises are in focus. IOC reported a significant profit surge. Eicher Motors plans a new manufacturing plant.
Neolite ZKW Lightings, SS Retail, Aspri Spirits get Sebi nod to float IPOs
Neolite ZKW Lightings, SS Retail and Aspri Spirits have secured Sebi's approval to raise over Rs 1,200 crore collectively through initial public offerings (IPOs), an update with the regulator showed on Friday. The three companies, which filed their preliminary IPO papers in December, obtained Sebi's observations during May 6-14. In Sebi's parlance, obtaining observations is equivalent to securing approval to float public offering. Automotive lighting products maker Neolite is aiming to raise Rs 600 crore through its maiden public offering, comprising a fresh issue of shares aggregating up to Rs 400 crore along with an offer for sale (OFS) of shares valued Rs 200 crore by promoters and a shareholder, according to the draft red herring prospectus (DRHP). The company will use proceeds from the fresh issue for setting up a new manufacturing facility at Kancheepuram, Tamil Nadu; purchasing plant and machinery, electronic expansion at existing manufacturing facilities; payment of debt an
Nifty to hit 42,000 by 2028? New paper that studied market cycles says it's possible if these factors align
A CNI InfoXchange study projects the Nifty could surpass 42,000 by 2028 if sustained foreign investor inflows return. The report highlights stronger domestic liquidity, resilient equity markets, robust GDP growth prospects, rising retail participation, and India’s increasing weight in global emerging market indices.
Will start introducing India-specific models from 2028, to leverage on 2W biz: Honda Global CEO
Honda plans to launch new car models specifically for India starting in 2028. The company will use its strong motorcycle sales to encourage customers to upgrade to cars. India is a key market for Honda's future growth. Production capacity for two-wheelers will also increase. Honda aims to strengthen its automotive business in India through these strategic moves.
Eternal, Maruti can rally up to 30%, says Mirae Asset Sharekhan
Muthuselvaraj M, Research Analyst at Mirae Asset Sharekhan believes that both Eternal and Maruti have corrected significantly from their respective peaks and are now showings some signs of strength.
Crypto regulation enters a new era with US Clarity Act
The proposed U.S. Clarity Act seeks to establish a comprehensive regulatory framework for cryptocurrencies, stablecoins, DeFi and tokenised assets. The legislation aims to improve investor protection, clarify oversight responsibilities and support blockchain innovation, while introducing stricter compliance standards that could significantly reshape the future of digital asset markets.
Maruti Suzuki selects 6 start-ups to co-create new-age tech-based biz solutions
Maruti Suzuki India has chosen six startups for its accelerator program. These companies will develop new technology solutions. The focus is on improving plant safety and efficiency. Product development time will be reduced. Material traceability will be strengthened. Customer engagement will also be enhanced. This collaboration aims to modernize operations and prepare for the future.
Midcap rally hits record high amid retail buying surge
Nifty midcap indices reached new peaks on Thursday. This surge is fueled by robust earnings, consistent retail investor contributions, and strategic bargain purchases. Midcap and smallcap indices have significantly outperformed larger indices since the US-Iran ceasefire announcement a month ago. Experts suggest a pause in the rally is likely soon. Foreign investors have been selling large-cap stocks.
Auto sales jump 13% to 2.61 million units on strong demand tailwinds
Vehicle sales saw a significant 13% jump last month, reaching 2.61 million units. This surge marks the best-ever April for most vehicle categories. Strong rural demand, GST benefits, and lower interest rates fueled this growth. Industry experts anticipate this positive trend to continue. The automotive retail sector has started the new financial year on a robust note.
IPO-bound Bagmane Reit eyes acquisitions, bets on strong GCC demand
The ₹3,405-crore share sale will fund new asset purchases as the firm targets a growing pool of global corporate tenants, CEO Richard Hugh Andrew told Mint.
Temasek-backed OnEMI IPO opens today: Should you subscribe?
Ahead of the issue opening, OnEMI Technology raised ₹277.7 crore from anchor investors such as Citigroup Global Markets Mauritius, ACM Global Fund VCC, New York State Teachers Retirement System (managed by Goldman Sachs Asset Management), among others.
IT growth under pressure as AI risks rise; pharma, power see support: Nikunj Doshi
Nikunj Doshi, Managing Partner & CIO-PMS at Bay Capital Investments Advisors, says IT services face growth challenges amid AI disruption and remains cautious on the sector. He prefers a bottom-up approach in pharma, citing benefits from rupee depreciation and easing US tariff risks. Doshi is also positive on power and ancillaries, driven by global investments, while staying selective on new-age tech stocks due to expensive valuations and potential post-lock-in selling.