Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Smallcaps & midcaps rally! Firstsource Solutions, Nuvama, Godfrey Phillips, other stocks jump up to 16%
Smallcap and midcap stocks outperformed benchmarks on Friday, with select names rallying up to 16% despite broader market weakness. Gains were driven by earnings momentum and stock-specific triggers, even as geopolitical tensions and high oil prices kept overall sentiment cautious. Analysts continue to track volatility and broader market direction.
Stocks in news: BSE, Britannia, Paytm, Meesho, RIL
Indian markets showed resilience, climbing despite volatility, buoyed by positive global trends and falling crude oil prices. Analysts anticipate further gains, targeting 24,550 and 24,750. Key companies like BSE, Britannia, and Paytm are in focus due to quarterly results and significant news, including Zee Entertainment's lawsuit and Hyundai's commitment to India.
Godrej Consumer flags short-term margin pain on crude costs
Godrej Consumer Products Ltd anticipates margin pressure in the coming quarters. Elevated crude oil prices are impacting input costs. However, the company believes this inflation cycle is manageable. They expect higher revenue despite margin challenges. This situation is seen as less disruptive than previous commodity price spikes.
Beyond Parachute: Marico swaps coconut oil comfort for a premium growth playbook
Marico is strategically moving towards premium and digital brands. The company targets double-digit revenue growth, aiming to surpass ₹15,000 crore by FY27. This shift focuses on higher-margin segments. Marico anticipates steady demand recovery and aims for significant growth in its international business. The company is also enhancing its distribution network.
Nifty may keep to 23,500–24,800 range amid high oil prices, war uncertainty
Nifty is expected to trade within a narrow range of 23,500–24,800 due to geopolitical tensions and high oil prices. Analysts suggest a mildly positive bias, with specific trading strategies and stock picks like ITC and Tube Investments recommended for potential gains.
Mcap of 4 most valued firms surges by ₹2.20 trn, Reliance biggest winner
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore in a holiday-shortened last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark Sensex climbed 249.29 points or 0.32 per cent. "Markets ended the week with marginal gains, reflecting a volatile and range-bound trading environment amid mixed global and domestic cues," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The week began on a positive note, supported by easing geopolitical tensions and steady progress in Q4 earnings, which lifted initial sentiment, he said. However, gains were gradually capped by rising crude oil prices, weak cues from Asian markets, and persistent foreign institutional investor (FII) outflows, Mishra added. While Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS) and Bajaj Finance were the gainers from the pack, HDFC Bank, State Bank of India, ICICI Bank, Larsen & Toubro, Hindustan Unilever and
Forward March Qtr: HUL growth fastest in 3 years, signals fresh price hikes due to war
Hindustan Unilever Limited (HUL) reported its fastest sales growth in three years, with a 7% increase in the March quarter driven by stable consumer demand and supportive economic measures. Despite this positive performance, the company warned of potential price hikes due to rising crude oil-linked commodity costs stemming from the Iran war.
Forward March Qtr: HUL growth fastest in 3 years, signals fresh price hikes due to war
Hindustan Unilever Limited (HUL) reported its fastest sales growth in three years, with a 7% increase in the March quarter driven by stable consumer demand and supportive economic measures. Despite this positive performance, the company warned of potential price hikes due to rising crude oil-linked commodity costs stemming from the Iran war.
Stocks to buy: Nagaraj Shetti recommends Time Technoplast, Gujarat Ambuja Exports shares to buy
The Indian stock market experienced a significant selloff on April 30, with the Sensex dropping over 1,150 points and Nifty 50 falling more than 350 points. Investors lost nearly ₹9 lakh crore as market capitalization decreased amid rising oil prices and the rupee's decline.
AWL Agri Business flags 20% rise in oil-linked costs amid Middle East conflict
AWL Agri Business is experiencing a 20% rise in input costs. This surge is linked to the Middle East conflict impacting fuel, chemicals, and packaging. Other companies like Bisleri and Hindustan Unilever are also raising prices. AWL is adjusting its prices to manage these costs. The company is focused on expanding distribution and online sales to boost volume growth.
India craves a sweet fix for crude addiction. Can it work?
India is rapidly expanding its use of ethanol, a sugar-based fuel. This strategy aims to cut reliance on imported crude oil and boost farmer incomes. Recent policy changes support higher ethanol blends in vehicles and even aviation fuel. The nation is moving towards E20 and exploring E100. This push is a coordinated effort across agriculture, energy, and transport sectors.
Elitecon International shares jump 5%, defy stock market crash
Elitecon International shares rose 5% on April 23, bucking market trends due to rising oil prices. The company's stock has shown a modest increase of 0.36% over the past week and secured a long-term supply agreement with Bozza Tobacco valued at ₹202 crore.