Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Rupee jumps 50 paise as govt scraps capital gains tax on govt bonds for FIIs to attract overseas inflows
The rupee is languishing near record low levels due to higher energy prices and equity market outflows amid the Middle East conflict.
Hitachi Energy, GVTD to CG Power: Citi is bullish on these electric equipment stocks. Should you buy?
Citi estimates HVDC projects alone could represent an opportunity of around ₹1.6 trillion for equipment manufacturers. The brokerage also expects global transmission and distribution capital expenditure to exceed $15 trillion between CY25 and CY50.
Reliance traders said to game plan in case RBI raises rates
Reliance Industries' treasury department is exploring strategies to manage its cash reserves amid potential interest rate hikes by the Reserve Bank of India. Traders are considering shifting funds to short-dated money market instruments, anticipating capital gains as yield spreads are expected to narrow. The company's discussions precede an upcoming RBI rate decision, with markets anticipating potential hawkish measures.
BofA sees FY27 earnings growth slowing to 8.5%; capex outlook stays strong
Amish Shah, Head of India Research at Bank of America Global Research, said higher commodity prices, the West Asia conflict and rising inflation could put pressure on growth and earnings in the first half of FY27. However, he believes the government is unlikely to reduce capital expenditure despite fiscal concerns. Shah also highlighted long-term opportunities in sectors linked to energy security, electric vehicles, defence, AI investments and data centres.
Suzlon’s next growth bet: solar, batteries with a tight grip on capital
The company’s ‘Suzlon 2.0’ strategy aims to turn it into a one-stop renewable energy solutions provider spanning wind, solar and battery storage, while staying capital-light and reviving exports.
Stocks in news: Alkem Labs, Vedanta, Canara Bank, NHPC, Adani Ports
Markets closed higher on weekly expiry day despite volatility, with Nifty showing signs of recovery but facing resistance around 23,800-24,000. Key stocks like Alkem Labs, Vedanta, Canara Bank, NHPC, and Adani Ports are in focus due to significant corporate developments including block deals, ED visits, capital raising plans, oversubscribed OFS, and strong cargo volumes.
ACME Solar share price jumps 3% as firm launches QIP at ₹294.13 floor price
ACME Solar Holdings share price increased over 3% on June 2 after announcing a Qualified Institutional Placement (QIP) with a floor price of ₹294.13. The company aims to raise capital from institutional investors as it expands its renewable energy portfolio.
KPI Green Energy allots 3.30 lakh equity shares under ESOP
Consequent to this allotment, the paid-up equity share capital of the Company stands increased from Rs. 98,67,05,365/- (consisting of 19,73,41,073 equity shares of Rs. 5/- each) to Rs. 98,83,59,840 /- (consisting of 19,76,71,968 equity shares of Rs. 5/- each).
Indian Energy Exchange Formally Incorporates Indian Coal Exchange with ₹100 Crore Capital - scanx.trade
Indian Energy Exchange Formally Incorporates Indian Coal Exchange with ₹100 Crore Capitalscanx.trade
Indian banks more exposed to West Asia crisis among APAC region: Moody's
Indian banks face significant exposure due to energy import reliance. Higher fuel costs will strain consumers and businesses, increasing credit stress. Non-bank lenders with unsecured retail loans are particularly vulnerable. Despite these pressures, Indian banks possess strong capital buffers.
Adani Enterprises to Adani Ports, Adani Power: PL Capital lists 3 Adani Group stocks to buy now for long term growth
The Adani Group is in the spotlight for its rapid growth in infrastructure and energy sectors, with several companies achieving notable gains. Analysts favor Adani Ports, Adani Power, and Adani Enterprises for their strong market positions and promising growth outlooks.
T&D stocks may stay expensive as growth cycle could continue for 3-4 years: PL Capital
Amit Anwani, Research Analyst at PL Capital believes companies like Hitachi Energy and GE Vernova are benefiting from strong order books and export opportunities, even as valuations remain expensive.