Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Deal done, but don't count on cheap Oil yet; cautions Mirae Asset Sharekhan
Shipping data firm Kpler estimates that daily transits may rise to around 40 vessels within the first month - less than half the pre-war average of 100, says Mohammed Imran, of Mirae Asset Sharekhan.
Sebi proposes changes to ETF trading norms
The Securities and Exchange Board of India (Sebi) has proposed significant changes to the trading framework for Exchange-Traded Funds (ETFs). These reforms aim to enhance price discovery by introducing dynamic price bands and a new base price determination methodology. A pre-open call auction mechanism for commodity ETFs is also planned to better align trading limits with underlying asset movements.
A coffee producer and exporter is the newest purchase made by SBI Mutual Fund; Details here
Shares of Vintage Coffee and Beverages ended 2.7% higher on Thursday at ₹160.4. The stock has been an underperformer, having gained only 15% in the last five years. Over the last 12 months, the stock has risen 34%.
Nifty 50 target cut by Citi to 26,000 - Key risk factors, top picks explained
Citi has highlighted Financials, Telecom, Healthcare, Defence and Utilities as their key "overweights", while IT Services, Staples, Metals are their top "underweights." It has also added Hitachi Energy into its list of top picks having initiated coverage on the stock recently.
ICICI Prudential Mutual Fund raises stake in Travel Food Services, shares rise
ICICI Prudential Mutual Fund has announced the acquisition of an additional stake in Travel Food Services, increasing its total shareholding in the company to above 5%.
Gold ETFs Break 13-Month Win Streak As Investors Pull Out Rs 725 Crore In May
Net gold ETF outflows stood at Rs 725 crore, according to data released by the Association of Mutual Funds in India
Ceigall India arm inks pact to monetise highway asset for Rs 177-cr
Ceigall India announced that its wholly owned subsidiary, Ceigall Infra Projects has entered into a definitive agreement to divest its stake in Ceigall Malout Abohar Sadhuwali Highways (CMASH) to Neo Infra Income Opportunity Fund.
MSTC share price zooms 17% as Cabinet clears vehicle scrappage scheme
MSTC Ltd auctions ferrous and non-ferrous scrap, end-of-life vehicles and surplus assets for government departments, defence establishments and public sector undertakings.
Which sectors are expensive & which are cheap? PL Capital's valuation guide
PL Capital says defence, power and capital goods stocks remain richly valued, while IT, retail, hotels and real estate trade below historical averages
Tata Advanced Systems adds military upgrades to Jaguar Land Rover vehicles: N Chandrasekaran
In the realm of automotive innovation, Tata Advanced Systems is enhancing the Jaguar Land Rover lineup with futuristic features. On a parallel track, the company is establishing a contemporary defence MRO facility in the vicinity of Bengaluru that will cater to the heavy maintenance needs of transport aircraft. TASL is also highlighting its self-developed loitering munitions and protective armoured solutions.
India, Myanmar deepen ties; India boosts Mekong-Ganga ICCR scholarships to 100, pledges support for Kaladan and IMT trilateral highway
In his interaction with the President, the Prime Minister stated that Myanmar lies at the confluence of Indias Neighbourhood First, Act East and MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across Regions) policies. The discussions underscored the importance of strengthening bilateral cooperation, including trade and economic ties, defence and security, border management, development assistance and cultural exchanges. Both sides noted ongoing discussions on various bilateral Agreements and Memoranda of Understanding and looked forward to their early conclusion.
Delhivery and domestic pharma remain key bets for Bay Capital’s Nikunj Doshi
Nikunj Doshi, CIO-PMS at Bay Capital, says optimism around AI may be helping Indian IT stocks recover, but the sector still faces uncertain times as companies assess the long-term impact of AI and rising token costs. He remains cautious on calling a bottom in IT stocks. Doshi is more bullish on niche NBFCs, logistics player Delhivery and domestic pharma companies, while avoiding PSU and defence stocks due to changing government priorities.