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NSE inks pact with Steel Users Federation to develop steel derivatives market
The National Stock Exchange of India and the Steel Users Federation of India have partnered. This collaboration aims to build a robust derivatives market for steel in India. The initiative will offer steel industry participants a way to manage price risks. This will lead to better price discovery and hedging for the domestic steel value chain.
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.
Mirae Asset Sharekhan predicts up to 150% upside in these 3 midcap stocks
Midcaps to buy: Muthuselvaraj, Research Analyst at Mirae Asset Sharekhan expects Adani Total Gas to hit ₹1,850 levels; JSW Energy and Astral to rally over 50% as Nifty MidCap hits new life-time high.
Hindustan Zinc's Rampura Agucha Mine receives Zinc Mark certification
Hindustan Zinc has achieved another milestone in responsible production with its Rampura Agucha Mine - the world's largest underground zinc-lead mine, now becoming India's first Zinc Mark certified mine. Zinc Mark is a globally recognised assurance framework that validates responsible zinc production against internationally benchmarked Environmental, Social and Governance (ESG) standards, responsible sourcing practices, and value chain transparency.
Deven Choksey sees opportunity in banks, IT and metals as market sentiment improves
Deven Choksey, MD of DRChoksey Finserv, believes easing crude oil prices and improving market sentiment could support a broader recovery across sectors. He remains positive on OMCs, private sector banks, pharma, and select consumer names, while also seeing value emerging in large IT companies after recent corrections. Choksey says metals, especially aluminium and copper-linked plays like Hindalco, continue to benefit from strong global demand trends tied to semiconductors, data centres and manufacturing growth.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength. These sectors are hitting new highs, driven by structural earnings visibility and long-term growth tailwinds, indicating a fundamental shift beyond mere defensive plays.
Adani, GMR among shortlisted bidders for $400 million IntelliSmart deal
IntelliSmart Infrastructure, a leading smart meter platform, is nearing the end of its sale process, with an Adani Group entity among four shortlisted bidders. The transaction is expected to value IntelliSmart at approximately $400 million. Binding bids are anticipated by mid-June as shortlisted firms commence due diligence.
Qatar Holding sells 0.4% stake in Adani Energy; Birla MF buys for ₹644 cr
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for Rs 643 crore through open market transactions, according to data available on the BSE. Qatar Holding LLC offloaded 48,05,974 shares, representing a 0.40 per cent stake in Adani Energy Solutions, as per block deal data executed on Friday. The shares were disposed of at an average price of Rs 1,339 apiece, taking the deal value to Rs 643.52 crore. Meanwhile, Birla Mutual Fund acquired the same number of shares at the same price. Following the completion of the transaction, shares of Adani Energy Solutions on Friday rose 2.10 per cent to close at Rs 1,368 apiece on the BSE. Last month, Adani Energy Solutions posted a marginal rise of 1.3 per cent in its consolidated net profit at Rs 723 crore for the quarter ended March 2026, supported by a rise in revenues. The company had logged a net profit of Rs 714 crore in the ...
Adani Energy sees ₹644 cr block deal; Birla MF takes 0.4% stake from Qatar Holding
Qatar Holding sold 0.4 percent in Adani Energy Solutions to Birla Mutual Fund for 644 crore, Adani Energy profit rose 5.7 percent, FY26 EBITDA and income hit record highs
Vedanta, SBI among 10 stocks that saw highest DII selling in value terms in Q4. Do you own any?
Domestic institutional investors trimmed holdings in several large-cap stocks during the March quarter. State Bank of India, Vedanta, and Hindalco Industries were among the top ten stocks experiencing significant DII selling. This shift occurred amid rising geopolitical and inflation concerns. Investors are advised to monitor these movements closely.
Sensex opens 600 points lower, Nifty below 23,500; Tata Steel falls 2% - India Today
Sensex opens 600 points lower, Nifty below 23,500; Tata Steel falls 2%India Today
Sensex Today | Stock Market LIVE Updates: GIFT Nifty extends losses to nearly 200 points; Hindalco in focus
Sensex Today | Stock Market LIVE Updates: The Nifty faces a challenge to conquer the 50-DMA closer to the 23,800 mark, a level it failed to sustain above even on Tuesday. Rising bond yields globally are pressuring equity markets, particularly in the US. The Nifty will likely see support at the 23,500 mark