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AI earnings momentum still intact, Citi raises S&P 500 target to 8,100
Drew Pettit, Director-US Equity Strategy/ETF Analysis & Strategy Research at Citi expects Brent crude prices to trend lower, while cautioning that a more hawkish Federal Reserve could offset some of the benefits. He also argues that today's market exuberance, though elevated, is still far from the extremes seen in 1999.
BSE launches India's first Saatvik-themed equity index
The index comprises 100 companies from the BSE 500 universe that align with Saatvik principles. It has a base value of 1,000, with 20 June 2005 as the first value date, and will be reconstituted semi-annually in June and December.
CNBC-TV18 Newsbreak Confirmed: RBI extends Keki Mistry’s tenure as HDFC Bank interim Chairman by 3 months
Shares of HDFC Bank Ltd ended at ₹798.55, up by ₹11.75, or 1.49%, on the BSE.
Bank of Baroda eyes $500 million dollar bond sale under RBI’s hedge window
The planned fundraising follows a successful $750 million dollar-bond sale by HDFC Bank earlier this week at a spread of 90 basis points over benchmark US Treasury yields.
IFCI, HFCL among 14 stocks that rallied up to 50% in just one month - Do you own any?
While benchmark indices moved steadily, broader market momentum surged, with many BSE 500 stocks delivering double-digit gains, several rallying 25–50% in a month, highlighting strong stock-specific performance beneath calm markets.
KIMS launches ₹1,500 crore QIP to repay debt and fund subsidiaries
KIMS has launched a ₹1,500 crore qualified institutions placement (QIP) through a 100% primary share issuance, with the indicative price set at ₹755 per share at up to a 3% discount to the last closing price. The hospital chain plans to use the proceeds to repay debt and fund investments in its subsidiaries, with the issue expected to be priced later this week and listed on the NSE and BSE thereafter.
Nifty tops key 23,500 hurdle, can head to 24,500 on buying interest: Analysts
Nifty's strong breakout above 23,500 has turned technical analysts bullish, anticipating a move towards 24,000-24,500. Analysts highlight improving momentum, bullish patterns, and sustained buying interest, with 23,100-23,300 acting as crucial support. Specific stock recommendations include Bank of India, BPCL, HDFC Bank, UltraTech Cement, and KEI Industries.
Mcap of 8 most valued firms surges by ₹1.90 trn, ICICI Bank shines
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1.90 lakh crore last week, with ICICI Bank stealing the show, in tandem with a rally in equities. Last week, the BSE benchmark Sensex jumped 1,284.61 points, or 1.73 per cent, and the NSE Nifty surged 256.2 points, or 1 per cent. "Indian equity markets ended a volatile week on a strong note, snapping a two-week losing streak amid improving global sentiment and supportive measures from the Reserve Bank of India (RBI) aimed at attracting foreign currency inflows," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Investor confidence improved on optimism surrounding a potential USIran peace deal, which raised hopes of easing geopolitical tensions and stabilising energy markets, he added. From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Tata Consultancy Services (TCS)
Ather Energy board approves ₹2,500 crore fundraise via QIP, rights issue and FCCBs
Shares of Ather Energy Ltd ended at ₹1,028.15, up by ₹0.30, or 0.029%, on the BSE.
Explained - Key factors that contributed to the Sensex, Nifty rally on Friday
The rally was broad-based, lifting both frontline and broader market indices. The Sensex climbed more than 1,300 points to touch an intraday high of 75,139, while the Nifty 50 reclaimed the 23,500 mark. The surge in equities added over ₹7 lakh crore to investor wealth, taking the combined market capitalisation of BSE-listed firms close to ₹460 lakh crore.
Why is stock market rallying today? BSE Sensex rises over 1,500 points, Nifty50 back above 23,500 - top r - The Times of India
Why is stock market rallying today? BSE Sensex rises over 1,500 points, Nifty50 back above 23,500 - top rThe Times of IndiaClosing Bell: Nifty climbs past 23,600, Sensex rallies 1,700 pts on hopes of US-Iran peace dealMoneycontrol.comSensex jumps 800 points: 3 reasons why stock market is rising todayIndia Today
Honasa Consumer, 6 other stocks hit 52-week highs, rally up to 35% in a month
Despite weakness in the broader market, seven BSE 500 stocks including Honasa Consumer, Aegis Logistics and Gland Pharma scaled fresh 52-week highs, gaining up to 35% over the past month amid strong investor buying.