Market News

ET Alpha Wealth Summit: S Naren shares blueprint for investing in a boring market

ICICI Prudential AMC CIO S. Naren described the current market as a “boring phase,” marked by a tug-of-war between FIIs and domestic mutual funds. At the ET Alpha Wealth Summit, he outlined five market-cycle phases, warning that parabolic asset rallies and leveraged investing are classic signs of bubbles.

BlueStone gains 6% as JM Financial reiterates 'Buy', sees over 20% upside

At the current market price, JM Financial sees an upside potential of over 20 per cent and has maintained a target price of ₹650 per share

SBI Share Price Live Updates: SBI's Current Market Price

Broader markets crash! Physicswallah, Coforge, other small & midcap stocks tumble up to 6%. Do you own?

Indian smallcap and midcap stocks plummeted on Wednesday due to persistent FII selling, a weakening rupee, and global factors. IT stocks, which had surged previously, saw a sharp selloff, with major players like TCS and Infosys dropping significantly. Analysts point to energy shocks and current account deficit concerns impacting market sentiment.

Suzlon unveils 'Suzlon 2.0', targets 10 GW annual renewable energy sales by FY31

As part of the strategy, Suzlon plans to quadruple its annual renewable energy sales to 10 GW by FY31, expand its order book to 15 GW from the current 5.7 GW, and increase its renewable energy assets under management (AUM) to 70 GW from current levels.

Zydus receives warning letter from USFDA for its Baddi site

The Warning Letter was issued in response to a request for records pursuant to sec on 704(a)(4) of the Federal Food, Drug, and Cosmetic Act, and does not pertain to any onsite inspection of the facility by the USFDA. The communication references technical observations regarding the use of purified talc that did not meet the current United States Pharmacopeia (USP) requirements.

Premiumisation, digital push, and India’s consumption story: Inside HUL’s growth blueprint

Hindustan Unilever Ltd remains optimistic about India's future growth. The company is focusing on increasing consumption, premium products, and digital advancements. Despite current economic hurdles, HUL is investing in its business to serve consumers better. India's young population, growing per capita consumption, and digital transformation are key drivers for this positive outlook.

Goldman Sachs CEO David Solomon Flags Era Of 'More Greed Than Fear' Driving Current Market Boom

Goldman Sachs holds a 29% market share of mergers-and-acquisitions advisory by value year-to-date

TCS, Infosys, Wipro double Copilot AI licences for employees within six months

While the pace of adoption of its virtual intelligent assistant is great news for Microsoft, it also poses questions about the current billing model of India’s IT $315-billion outsourcing industry as well as its hiring practices.

NHPC OFS subscribed 3.47 times on day 1; govt to exercise full green shoe option

The sale of over 60.27 crore shares, representing a 6% stake at a floor price of ₹71 a share, would fetch about ₹4,200 crore to the exchequer. This will be the third OFS of a PSU in the current fiscal year. Shares of NHPC Ltd ended at ₹72.28, down by ₹4.91, or 6.36%, on the BSE today, June 2.

Can the stockmarket swallow Anthropic, SpaceX and OpenAI?

In nominal terms, the current record for capital raised by a debut listing is held by Saudi Aramco, which in 2019 garnered $29bn ($38bn in today’s money) when it floated in Riyadh. SpaceX, Anthropic and OpenAI are collectively targeting $200bn-odd.

BofA prefers oil producers over refiners as crude prices stay elevated

Bharat Subramanian, Senior Analyst (Energy) at BofA Global Research, expects oil marketing companies to report negative marketing margins during the current year.