Market News
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25% chance of Sensex hitting 1 lakh in next 1 year: Morgan Stanley's Ridham Desai
Morgan Stanley's Ridham Desai sees a 25% chance of the Sensex touching 1 lakh within the next year, driven by stronger earnings and improving macroeconomic fundamentals. The brokerage's base case targets 89,000 by June 2027, while assigning an equal 25% probability to a bear-case decline to 66,000.
What can trigger the next market rally in India? Morgan Stanley explains
As a base-case scenario, they have maintained June 2027 Sensex target at 89,000 levels, up nearly 14 per cent from the current levels. Morgan Stanley attached 50 per cent probability to this forecast.
China gold ETF overtakes CSI 300 fund as investors move away from equities
State-backed purchases of stock ETFs have eased in China, while demand for gold, fixed-income and cash-management funds has reshaped the country's ETF rankings.
Indices trade with modest gains; auto shares in demand
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 491.21 points or 0.63% to 78,267.01. The Nifty 50 index rose 149.10 points or 0.62% to 24,418.75.
Nifty tad above 24,400 level; realty shares advance
At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 413.32 points or 0.53% to 78,177.23. The Nifty 50 index rose 129.20 points or 0.53% to 24,400.05.
INR slips in opening trades as dollar recovers marginally; downside seen limited
The Indian rupee fell 10 paise to 95.28 against the American currency in early trade on Monday, weighed down by slight uptick of the American currency in the overseas market. However, positive cues from local equities and easing international oil prices are likely to limit downside in the counter. Indian shares are seen opening in green, with underlying sentiment likely to remain underpinned by improving earnings visibility and expectations of a more supportive global liquidity environment going forward. The BSE Sensex gained 176.99 points (0.23%) to open at 77,940.90, while the NSE Nifty 50 rose 36.00 points (0.15%) to open at 24,306.85.
VL E-Governance & IT Solutions Ltd Slips 4.49%
VL E-Governance & IT Solutions Ltd has lost 22.46% over last one month compared to 5.64% fall in BSE Information Technology index and 4.98% rise in the SENSEX
Sobha Ltd Surges 2.71%, BSE Realty index Gains 1.14%
Sobha Ltd has added 10.21% over last one month compared to 17.25% gain in BSE Realty index and 4.98% rise in the SENSEX
Sensex jumps 268 pts in early trade; breadth positive
At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 267.61 points or 0.27% to 78,049.47. The Nifty 50 index rose 83.30 points or 0.34% to 24,352.15.
India emerging as contrarian bet as TSMC, Samsung, SK Hynix drive 72% of EM rally: DSP Mutual Fund - Moneycontrol.com
India emerging as contrarian bet as TSMC, Samsung, SK Hynix drive 72% of EM rally: DSP Mutual FundMoneycontrol.com
Stock markets to track crude prices, global trends, TCS earnings this week
Trading sentiment in the stock market this week will depend on crude oil prices, global trends and the start of corporate earnings season with IT bellwether TCS reporting its June-quarter financial results on July 9, analysts said. Besides, the advancement of the southwest monsoon and trading activity of foreign investors would also influence market trading, they added. "Investors will closely monitor the quarterly results of TCS on July 9, with particular focus on management commentary regarding demand trends, discretionary spending, and AI-led business opportunities," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty increased by 214.85 points, or 0.89 per cent. "Domestically, investor attention will centre on the commencement of the Q1 FY27 earnings season from July 9, with the initial batch of corporate earnings and management commentary expected to provide valuable insights int
Mcap of 6 of top-10 most valued firms surges ₹1 trillion, Airtel top gainer
The combined market valuation of 6 of the top-10 most valued firms surged by Rs 1 lakh crore last week, with Bharti Airtel and Bajaj Finance emerging as the biggest gainers, amid a largely positive trend in equities. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty rose 214.85 points, or 0.89 per cent. Markets ended the week on a firm footing, supported by resilient domestic macroeconomic indicators, healthy GST collections and improving industrial activity, Ajit Mishra, SVP, Research, Religare Broking Ltd, said. "Expectations of a more accommodative global monetary policy following softer-than-expected US labour market data further strengthened investor sentiment," he added. The market valuation of Bharti Airtel jumped Rs 36,529.21 crore to Rs 11,63,877.30 crore, the most among the top-10 firms. Bajaj Finance added Rs 33,059.83 crore, taking its valuation to Rs 6,43,141.36 crore. ICICI Bank's valuation surged Rs 16,084.29 crore to Rs