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Stock Market News Today Live Updates: Nifty Falls Below 23,250, Sensex Slides Over 500 Points; Rajesh Exports Hits Lower Circuit After SEBI Probe
Nifty IT fell 0.6%, while Nifty Realty declined 0.47%. Nifty Financial Services and Nifty Bank slipped 0.4% and 0.38%, respectively.
Block Deals: Lenskart Solutions, GMR Airports shares to be in focus
Block Deals: SVF II Lightbulb (Cayman), an investment vehicle owned by SoftBank Group, sold 5.65 crore Lenskart shares, representing a 3.25% stake in the company at ₹508.55 apiece, taking the total deal value to ₹2,873.30 crore.
IKEA sets up India development centre in push beyond sourcing
IKEA has launched a new product development center in India. This move positions India as a key hub for designing home furnishings for both local and international markets. The company aims to develop affordable products relevant to Indian consumers. This expansion signifies IKEA's commitment to India's full value chain, from retail to manufacturing and now product innovation.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty down 120 points; LTI Mindtree in focus
Sensex Today | Stock Market LIVE Updates: After the expiry moves, the bulls will now look to sustain above the mark of 23,500 and reclaim the losses made over Friday and Monday. Despite this recovery, the market texture remains wary and chartists see a bullish trend emerging only on a sustained move past 24,000.
Renaissance Investment CIO sees value in IT, autos and financials
Pankaj Murarka, CEO & CIO of Renaissance Investment Managers, says the global AI investment boom could benefit Indian IT services as enterprise adoption rises. He believes fear-driven selling in IT stocks is fading and sees value emerging in the sector. Murarka is also positive on autos, EV-linked themes, energy and financials over the medium term, while cautioning that some AI and power infrastructure stocks are difficult to justify on traditional valuations.
Here's how the US markets, other asset classes are reacting to the fallout in US-Iran negotiations
Incidentally, despite the developments on Monday, all three indices made new record highs. The S&P 500 crossed the mark of 7,600 for the first time, while the Nasdaq also ended higher led by continued buying in tech and AI-linked stocks. The Dow Jones also recovered from the lows of the day to end around the flat line.
Zara India Profit Falls 32% In FY26 As Trent Sharpens Focus On Broader Fashion Portfolio
While Zara reported lower revenue and profit in FY26, Trent's value-fashion chain Zudio continued to drive store expansion and overall retail growth.
ET Alpha Wealth Summit: Learn the secrets of finding alpha & what it takes to build a Rs 100 crore portfolio
Investors and experts are set to gather in Mumbai on June 4 for the ET Alpha Wealth Summit. The event will focus on finding hidden market opportunities and building substantial portfolios. Discussions will cover strategies for consistent excess value and scaling wealth to ₹100 crore. Practical takeaways will guide attendees in navigating complex markets for long-term returns.
SpaceX Said To Cut IPO Value Goal To At Least $1.8 Trillion
SpaceX is seeking to raise as much as $75 billion, people familiar with the matter have said, which would make it the biggest IPO of all time.
Asian Paints Q4 results: Net profit jumps 69% YoY to ₹1,185.5 crore, volume growth at 12.4%; declares ₹23 dividend
Asian Paints Q4 results: The company’s revenue from operations in Q4FY26 grew 10.62% to ₹9,246.70 crore from ₹8,358.91 crore, year-on-year (YoY). Asian Paint’s Decorative Business (India) delivered a volume growth of 12.4%, with value growth of 10.2%.
The aluminium boom is here: Why Morgan Stanley says Hindalco is set to explode
Morgan Stanley initiated coverage on Hindalco Industries with an ‘Overweight’ rating and a target price of Rs 1,325, citing a favourable aluminium demand-supply outlook, strong free cash flow generation and India’s multi-year growth cycle. The brokerage believes Hindalco is well positioned for margin expansion and long-term value unlocking.
When markets panic, valuations don’t: A case for staying invested
Amid heightened global uncertainty and sharp market swings, long-term investors should focus on intrinsic value rather than short-term price movements, says Gautam Sinha Roy of ICICI Prudential Life Insurance. He argues that India’s resilient macro fundamentals, stabilising earnings cycle and moderating valuations continue to support the case for staying invested through volatility.