Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Large NBFCs could see 3-5% earnings upgrades as borrowing costs ease: IIFL Capital
Viral Shah, Senior VP at IIFL Capital, said that credit growth trends remain healthy and asset quality is holding up despite economic uncertainties. Shah remains positive on diversified lenders such as Shriram Finance and Cholamandalam Investment, while cautioning that gold financiers remain heavily dependent on movements in gold prices.
HDFC Securities explains why 24,150 is key for Nifty; recommends 2 stocks
Stocks to buy today: Vinay Rajani of HDFC Securities has a positive outlook on Equitas Small Finance Bank and Titagarh Rail Systems.
PSU banks see sharp jump in green deposits FY26; deploy funds for clean transport, renewable energy
Indian state-owned banks witnessed a significant rise in green deposits during FY26. This growth reflects growing depositor interest in sustainable finance. The Reserve Bank of India's Green Deposit Framework, introduced in 2023, has played a key role. Banks are channeling these funds into environmentally friendly projects like renewable energy and clean transportation.
Buy, Sell Or Hold: Reliance, Shriram Finance, Ashok Leyland, PNB Housing Finance And SJVN — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
NSE Indices launches 11 new sectoral indices, taking total count to 34
The newly launched indices are Nifty Power, Nifty Capital Goods, Nifty Telecommunications, Nifty Construction, Nifty Consumer Services, Nifty Commercial & Transport Services, Nifty Retail, Nifty Hospitals, Nifty NBFC, Nifty Housing Finance and Nifty Insurance.
Cochin Shipyard among 5 F&O stocks with a sharp rise in futures open interest
Futures open interest in the NSE F&O segment rose sharply on June 11, with five stocks recording over 5% growth. Cochin Shipyard led the list, followed by Max Healthcare, Amber Enterprises, Nuvama Wealth, and Manappuram Finance, indicating fresh position build-up and heightened trading activity in select counters.
MTAR Tech, L&T And Walchandnagar Rally On Govt's Relief On Nuclear Imports
This rally comes on the back of aMinistry of Finance notification that directed nono customs duty shall be required to be paid on goods for nuclear energy generation imported between April 1, 2019 and January 31, 2026.
Stocks to Watch for June 12: Happiest Minds, Infosys, Astral and more
Happiest Minds unveiled its RelAIBuild and ADLC platforms, while Infosys successfully completed the CMMI AI Maturity pilot. Separately, Rajneesh Narain was appointed Director (Finance) at IRCTC and Astral acquired a 60% stake in DSS, making these stocks worth tracking ahead of Friday's trading session.
Stocks in news: Lenskart, PFC, RIL, Hindustan Zinc, Tata Consumer
Indian markets saw volatile trading on Wednesday, closing slightly down. Lenskart, PFC, RIL, Hindustan Zinc, and Tata Consumer are in focus. ADIA plans to sell Lenskart shares. Tata Consumer targets over 20% EBITDA margin. Reliance Industries subsidiary will redevelop a Mumbai slum. REC Ltd will merge with Power Finance Corporation. ZEEL plans to raise funds.
Power finance cos turn to global markets for cheaper funds
Indian power and renewable energy firms are looking abroad for loans. The Reserve Bank of India's new dollar-rupee swap facility has made foreign currency borrowing cheaper. Companies like REC and PFC are planning to raise significant funds through external commercial borrowings. This move is expected to lower borrowing costs for these public sector undertakings.
President approves merger of REC with Power Finance Corporation
The President has approved the merger of REC Ltd into Power Finance Corporation. This move follows PFC's acquisition of a majority stake in REC in 2019. The Ministry of Power conveyed the approval. The merger will see REC's assets and liabilities transferred to PFC. REC will be dissolved post-merger.
Merger of REC with Power Finance Corporation gets Presidential approval
REC Ltd will merge with Power Finance Corporation after the President's approval, nearly seven years post-PFC's acquisition of a majority stake. This merger aims to enhance efficiency in Public Sector NBFCs and will dissolve REC as per the Companies Act.