Market News

Navin Fluorine rally rides on strong outlook, but valuations look stretched

Navin Fluorine appears well-positioned for a strong multi-year growth trajectory, but investors seem to be capturing a good share of the optimism in the current valuations

Nifty PSU Bank index soars 2%, hits new high; PNB, Canara, UBI shares up 3%

Thus far in the current week, the PSU Bank index has rallied 5.7 per cent, as against 0.74 per cent gain in the Nifty 50.

‘Sell Bitcoin now!’: Peter Schiff warns of the cryptocurrency breaking $50,000 levels

Peter Schiff advises selling Bitcoin, which he believes could drop below $50,000 from its current levels amidst ongoing market pressures. However, the cruptocurrency rose today amid rising US-Iran tensions.

Paint firms eye strong March finish

Indian paint companies are optimistic about the current quarter. Demand picked up in November and December. This trend is expected to continue, leading to high single-digit volume growth. Competition remains intense. Companies like Asian Paints, Berger Paints, and Kansai Nerolac report gradual improvement in demand post-Diwali. Birla Opus and JSW Paints are also active in the market.

Crypto firm CoinDCX announces ₹111 crore ESOP buyback for employees — full details here

CoinDCX has launched an ESOP buyback worth ₹111 crore for over 500 employees, both current and former, allowing them to cash in on their stock options. 

AI to replace half of Mistral AI's software? Here's what CEO Arthur Mensch said as tech stocks face headwinds

Mistral AI CEO Arthur Mensch said over half of current SaaS software could shift to AI, amid investor fears of disruption. As tech stocks fall globally, Mensch called “replatforming” a major opportunity. Mistral plans its India debut, targeting public and private sector clients.

Infosys Share Price Live Updates: Current Trading Status of Infosys

PhonePe IPO: $15 billion potential valuation could re-rate Paytm, Macquarie says

PhonePe's implied valuation stands in the $13-15 billion range, which is about 60-90% higher than Paytm's current market capitalisation, despite PhonePe being EBITDA-negative, while Paytm has turned EBITDA-positive.

Nexus Ventures Partners offloads shares worth Rs 186 crore in logistics firm Delhivery

This is the second lot of stake sale by US-based venture capital firm Nexus Ventures Partners through in current month. Earlier on April 8, it had offloaded 1.6 percent shares in Delhivery.

Why the Brooks Steriscience–OneSource deal was called off

OneSource Specialty Pharma said its board decided not to proceed 'in its current form' as it was not in the best interest of stakeholders. Brooks Steriscience echoed a similar stance

Coal India’s investors have much to look forward to in FY27

Production and sales volumes had declined at Coal India in FY26, but signs point to a much better showing in the current fiscal, barring a few trouble spots

GMDC shares jump 5% as Quad unveils critical minerals framework, rare-earth supply chain initiative

GMDC stock gained over 5% on Quad minerals framework announcement, which seeks to boost critical mineral supply chains. The stock is up 91% in a year, with its current market capitalisation at Rs 22,000 crore. Quad will bolster critical minerals and energy security.