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Nifty Q1 earnings to grow 10%, highest in 4 quarters, says Motilal Oswal. Which sectors will take charge this quarter?
The June-quarter earnings season begins with TCS reporting on Thursday, with Motilal Oswal forecasting a 3% year-on-year earnings decline for its coverage universe—the weakest since September 2020. While large- and mid-cap companies are expected to post profit declines, small caps are projected to deliver 20% PAT growth.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints at a negative start; Sona BLW in focus
Sensex Today | Stock Market LIVE Updates: Nearly the entire market has reported its business update for the first quarter over the weekend, with companies ranging from banks, FMCG and even the diagnostics space. The bulls will take comfort from the fact that gains of the last two sessions have come without banks doing the heavy lifting.
Positive Breakout: These 12 stocks cross above their 200 DMAs
As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
Bhutani Group gets NCLT approval to take over Noida's Entertainment City
NCLT has cleared the Bhutani Group's acquisition of Entertainment City, which includes The Great India Place and Worlds of Wonder. The group plans a Rs 10,000 crore investment to transform the Noida site into a major entertainment hub. This NCLT order resolves a long-standing dispute, allowing Bhutani Infra to proceed with developing the 147-acre project, which also features vacant land for future expansion.
Maya Tata set to take charge of Westside's digital growth, speed up global expansion
Maya Tata is set to spearhead Westside's e-commerce marketing as the fashion retailer gears up for aggressive global expansion. Leveraging her digital expertise, she will drive online growth for the brand, which is also rapidly increasing its store count domestically. This strategic move aligns with Trent's ambition to build Indian brands with international appeal, as evidenced by Westside's recent foray into the UAE.
German car parts co Webasto plans to take local unit public
German auto parts giant Webasto is eyeing a $400-500 million IPO for its Indian unit by 2027, aiming to capitalize on India's booming car market, especially for sunroofs. The company, which supplies major automakers, is expanding its manufacturing capacity with a new facility in Haryana. Webasto Roofsystems India saw significant revenue and profit growth in FY25, reflecting strong market demand and strategic investments.
OPEC+ tipped to raise quotas again as Middle East calms
Seven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from disruptions caused by the Middle East war. Analysts predict a gradual return to normal output levels, though restarting shut-in production will take time.
Take profits near Nifty 24,600; record highs possible by year-end: JM Financial’ Rahul Sharma
Rahul Sharma, Director & Head Technical & Derivatives at JM Financial Services, advises investors to book profits if the Nifty approaches the 24,500–24,600 zone, warning that July earnings could trigger volatility. However, he expects any correction to offer a buying opportunity, with markets likely to begin a structural recovery from September-October and potentially scale fresh record highs by the end of the year. He also remains positive on financials, pharma and select defence stocks.
MEIL to pump in Rs 40,000 crore capex in 3 years, eyes Rs 2 lakh crore topline in 5 years
Megha Engineering & Infrastructures Limited (MEIL) Group is set to invest up to Rs 40,000 crore in capital expenditure over the next two to three years, targeting a Rs 2 lakh crore topline within five years. The conglomerate plans to take subsidiaries like Evey Trans, its electric bus operator, and its Defence vertical public.
Coal gasification pilot yet to take off despite ₹6,233 cr incentives
Nearly a year after awarding ₹6,233 crore for coal gasification projects, none have progressed beyond planning. Despite multiple task force meetings, ground work hasn't commenced, with commissioning now pushed to FY30. Meanwhile, a new ₹37,500 crore scheme has been launched, excluding first-round participants who now face disadvantages due to delays and lack of access to more generous incentives.
Beijing Skyscraper Crash Probe: Pilot's Anxiety And Insomnia To Blame, Chinese Authorities Say
A passerby tries to take a photo of the damage on the Citic Tower also known as Zun Tower in Beijing, China, on June 26.
Coca-Cola Said To Seek Bankers For $1 Billion India Bottler IPO
The presentations are scheduled to take place in London next week, where Rothschild & Co., the company's adviser on the transaction, will meet prospective banks for the proposed listing of Hindustan Coca-Cola Beverages.