Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Trade Setup for May 20: Nifty faces a challenge at the 50-DMA in an IT Vs Banks scenario
For the Nifty Bank, which traded in a 450-point range on Tuesday, the index will look to hold on to support levels at 53,000, while 54,000 on the upside continues to act as a barrier.
Quick Wrap: Nifty IT Index rises 3.23%
Powered by Capital Market - Live News
Prudential to seek 12-18 months window to pare 12% stake in ICICI Prudential Life
Prudential plans to acquire a controlling stake in Bharti Life Insurance. This move requires Prudential to reduce its holding in ICICI Prudential Life Insurance. The insurer is expected to request 12 to 18 months from the regulator for this stake dilution. ICICI Bank will maintain majority ownership in ICICI Prudential Life Insurance.
Prudential to seek 12-18 months window to pare 12% stake in ICICI Prudential Life
Prudential plans to acquire a controlling stake in Bharti Life Insurance. This move requires Prudential to reduce its holding in ICICI Prudential Life Insurance. The insurer is expected to request 12 to 18 months from the regulator for this stake dilution. ICICI Bank will maintain majority ownership in ICICI Prudential Life Insurance.
BSE set for Nifty50 hot seat, likely to replace Wipro in September rejig
Axis Capital expects BSE to replace Wipro in the NSE’s semi-annual index rebalancing, with changes likely announced in August and effective from September 30, 2026. Based on partial data, one Nifty 50 change is anticipated along with reshuffles in Nifty Next 50. If included, BSE could see $657 million inflows, while Wipro may face $225 million outflows from index funds.
Capital Market index hits 52-week high; Angel One soars 7%, MCX at new peak
Since the start of April 2026, the Nifty Capital Market index has outperformed the market by soaring 31 per cent, as compared to 6.2 per cent rise in the Nifty 50
Tata Consultancy Services Ltd soars 2.34%, Gains for third straight session
Tata Consultancy Services Ltd is quoting at Rs 2336.7, up 2.34% on the day as on 12:49 IST on the NSE. The stock is down 33.2% in last one year as compared to a 3.87% fall in NIFTY and a 21.31% fall in the Nifty IT index.
HCL Technologies Ltd spurts 2.58%
HCL Technologies Ltd is quoting at Rs 1176.2, up 2.58% on the day as on 12:49 IST on the NSE. The stock is down 28.21% in last one year as compared to a 3.87% drop in NIFTY and a 21.31% drop in the Nifty IT index.
Oracle Financial Services Software Ltd soars 2.69%, rises for third straight session
Oracle Financial Services Software Ltd is quoting at Rs 9662, up 2.69% on the day as on 12:49 IST on the NSE. The stock is up 14.53% in last one year as compared to a 3.87% fall in NIFTY and a 21.31% fall in the Nifty IT index.
Persistent Systems Ltd spurts 3.06%, gains for third straight session
Persistent Systems Ltd is quoting at Rs 5095.5, up 3.06% on the day as on 12:49 IST on the NSE. The stock is down 9.77% in last one year as compared to a 3.87% drop in NIFTY and a 21.31% drop in the Nifty IT index.
Tech Mahindra Ltd gains for third consecutive session
Tech Mahindra Ltd is quoting at Rs 1481.6, up 3.61% on the day as on 12:49 IST on the NSE. The stock is down 5.99% in last one year as compared to a 3.87% drop in NIFTY and a 21.31% drop in the Nifty IT index.
Standard Chartered likely to exit ICICI Pru Life bancassurance tie-up; may join Bharti Life Insurance
Sources said the bank currently contributes around 5% to ICICI Prudential Life’s annualised premium equivalent (APE) and about 6% to its retail APE.