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Markets / Business Today

Pharmaceutical sector stakes high as Exit Polls 2024 indicate BJPs grip in key states

Industry insiders say the past decade has seen progress in the Indian pharmaceutical sector, driven by initiatives such as the PLI schemes, regulatory reforms, and an increased focus on healthcare access

2 Jun 2024 3:32 pm
Exit INDIA coalition, Exit IDBI Bank: Govt and LIC to expedite IDBI Bank stake sale process after June 4 election results

The privatization of IDBI Bank will set the tone for privatizing other assets in banking and insurance industry

2 Jun 2024 2:53 pm
Exit polls results, BJP Seat wins: Stock markets may rally as D-St to price in strong NDA win

Majority of the market participants are factoring in a strong rally at Dalal Street on Monday after a prediction of bumper victory for the BJP-led NDA alliance.

2 Jun 2024 2:34 pm
'First time since 1960s': What MOFSL says on Brand Modi, Nehru & top stock ideas post exit polls

Motilal Oswal likes large caps such as ICICI Bank, SBI, L&T, Coal India, M&M, Adani Ports, ABB, HPCL, and Hindalco Industries. Among midcaps, it likes Indian Hotels, Godrej Properties, Global Health, KEI Industries and PNB Housing.

2 Jun 2024 12:58 pm
Up to 77% returns! Top 10 BSE 500 stocks defy election volatility, how will Monday play out for investors?

While the BSE Sensex stood flat, select 10 stocks from BSE 500 index have defied election volatility and surged up to 77% in this period.

2 Jun 2024 12:50 pm
BJP seat wins, exit polls & margin of errors: What Emkay says on stock, forex & bond markets

Stock market: If the actual seat wins are line with exit polls, it would likely calm investor nerves as political and policy continuity will be good for risk assets in the immediate run and macro stability in the medium term, Emkay said.

2 Jun 2024 11:23 am
Lok Sabha Election 2024: With poll jitters gone, can the market resume bull run in June?

Lok Sabha election 2024: The third Modi win will remove all the election jitters the stock market has gone through in May. The 30-stock Sensex slipped 0.70% and Nifty fell 0.33% in a month.

2 Jun 2024 10:16 am
2024 Lok Sabha exit polls: Here is what the Indian healthcare sector can expect

Since coming to power in 2014, the Modi government has introduced several key healthcare initiatives, including its flagship health insurance scheme Ayushman Bharat Yojana

2 Jun 2024 8:05 am
BJP seat wins: Modi stocks to watch as exit polls hint at share market rally ahead

Ext poll 2024 results: Dhiraj Relli of HDFC Securities said infrastructure, BFSI, capital goods and telecom sectors could be the key beneficiaries. Kranthi Bathini of WealthMills Securities said he is positive on railways and defence stocks.

1 Jun 2024 10:02 pm
Exit poll results; BJP, NDA seat wins: Stock market looks set for Modi rally on Monday

Sensex, Nifty: Kranthi Bathini said Nifty would be able to sustain the level of 22,500. From here onwards, there would only be upside, not downside, he said.

1 Jun 2024 8:50 pm
Post-COVID drug shortages in the US offer opportunity for India, says Pharmexcil

India is well positioned to meet this demand, says Uday Bhaskar, Director General of the Pharmaceuticals Export Promotion Council (Pharmexcil).

1 Jun 2024 8:45 pm
YES Securities suggests 5 stocks to buy; says clear mandate would reinforce confidence in India

Data available with Ace Equity showed that foreign institutional investors offloaded shares worth over Rs 34,000 crore in the first two months of FY25.

1 Jun 2024 5:01 pm
Carbon pricing gaining momentum in India

Carbon pricing is a policy approach aimed at reducing carbon dioxide (CO2) emissions by placing a monetary cost on the release of carbon into the atmosphere.

1 Jun 2024 3:29 pm
Starting today, India's top 100 listed companies must verify market rumours within 24 hours

SEBI's rumour verification framework aims to exclude price volatility from average market price calculations for corporate actions, ensuring fairness for all investors.

1 Jun 2024 11:57 am
Tata Group has posted profit of Rs 85,500 crore in FY24; how has the group performed in 5 years?

ACE Equity Data shows that the group has posted a record Rs 85,510 crore PAT in FY24 from its 25 firms

31 May 2024 6:21 pm
Delhi-Srinagar Vistara flight onboard 177 passengers, receives bomb threat mid-air

Following a safe landing in Srinagar, all passengers and crew members of the Vistara aircraft UK611 were evacuated.

31 May 2024 5:46 pm
Canara Bank gives approval to dilute 14.50% stake in unit

The diluting process will be done by listing the company through an initial public offer (IPO).

31 May 2024 5:31 pm
56 listed PSUs made a combined profit of Rs 5 lakh crore in FY24. Here are Indias 10 most profitable PSUs

Data available with ACE Equity shows that the combined profit after tax of the PSUs surged 48% year-on-year.

31 May 2024 4:53 pm
DGCA sends show cause notice to Air India over inordinate flight delays

Air India flight delay: The regulator mentioned the delays in two of their international flights AI 183 from Delhi to San Francisco on May 30 and AI 179 from Mumbai to San Francisco on May 24.

31 May 2024 3:55 pm
Adani Group shares surge up to 14% today; all 10 stocks settled with gains

Stocks belonging to Adani Group surged up to 14 per cent during the trading session on Friday, but gave up their gains as the session ended for the trading.

31 May 2024 3:52 pm
Canara Bank shares rise 4% as board approves raising up to Rs 8,500 crore in FY25

Canara Bank shares rose to a high of Rs 119.30 in the current session. Market cap of Canara Bank stood at Rs 1.06 lakh crore on BSE

31 May 2024 3:52 pm
9 penny stocks that delivered 100-230% return in election season

Penny stock: Jyothi Infraventures Ltd reported nil sales and a standalone loss of Rs 1.87 crore for the March quarter. Yet the stock gained 147 per cent since April 19.

31 May 2024 3:19 pm
Adani Total Gas shares zoom 11% today; what's next on technical charts?

Adani Total share price: The stock soared 10.89 per cent today to hit a high of Rs 1,060 over their previous close of Rs 955.95. Despite today's sharp rise, it is still 15.87 per cent away from its one-year high value of Rs 1,259.90, a level seen on December 8 last year.

31 May 2024 3:18 pm
Cochin Shipyard shares rise 3% after subsidiary wins order worth Rs 100 to Rs 250 crore

Cochin Shipyard stock opened higher at Rs 1,980 on BSE. Total 2.57 lakh shares of the firm changed hands amounting to a high turnover of Rs 50.22 crore on BSE.

31 May 2024 2:58 pm
GR Infra shares: Kotak sees 39% downside; other analysts remain mixed

Shares of GR Infraprojects rose 4.06 per cent to Rs 1619.50 during the trading session on Friday, commanding a total market capitalization of more than 15,500 crores.

31 May 2024 2:54 pm
Paytm shares resume fall after 2-day climb, stock down 9% from day's high

Paytm share price: The stock moved 5 per cent higher in early trade to hit a high of Rs 396.35. As the session progressed, it slipped 8.58 per cent from its day's high to trade at Rs 362.35.

31 May 2024 2:42 pm
Non-Metro banking customers prioritise insurance and transparency while metro customers favour lifestyle perks: Study

According to a study by Ujjivan Small Finance Bank, 42% of non-metro customers are interested in premium savings accounts that offer accidental insurance cover of Rs 10 lakhs, while 67% of metro customers are more interested in offers related to shopping and travel.

31 May 2024 1:59 pm
PM Modi, BJP & stock market: Rs 3,25,16,615 crore added to BSE m-cap since 2014

Bernstein said structural reforms across sectors have been attempted in the past decade and that efficiency of capital use - populism has given way to fiscal discipline.

31 May 2024 1:42 pm
Upcoming GCC policy will prioritise regions beyond Bengaluru: Darshan H.V.

Highlighting that cities are decentralising and businesses are expanding to Tier-II cities like Mysuru, Mangaluru, Kalaburagi, and Tumkuru, Darshan H.V. says that the upcoming GCC policy will prioritise these regions

31 May 2024 12:59 pm
Lok Sabha election results, market outlook: CLSA sees this sector as best theme to play from July

Outside Modi stocks, CLSA likes the banking sector for its growth with HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank already a part of its India portfolio

31 May 2024 12:48 pm
'NPA-laden nightmares': Nirmala Sitharaman says UPA's 'phone banking' led to bad loans, banks in record profit now

Sitharaman cited former RBI Governors Raghuram Rajan and Urjit Patel, who were also critical of the lending practice then.

31 May 2024 12:20 pm
Axis Bank & Hero MotoCorp: What Kiran Jani of Jainam Broking says on these 2 stocks

Kiran Jani, Head of Technical Research at Jainam Broking, on Friday selected Axis Bank Ltd as one of his top picks for the day.

31 May 2024 12:01 pm
Multibagger stock: Sakuma Exports shares extend gains after Q4 results, stock up 25% in 2 days

Sakuma Exports reported a 157 per cent rise in its consolidated net profit on a year-on-year (YoY) basis to Rs 26.01 crore in the March 2024 quarter.

31 May 2024 11:49 am
Suzlon Energy wins fresh order in Madhya Pradesh, stock trading flat

Suzlon Energy shares were trading flat at Rs 45.30 today. Market cap of the firm slipped to Rs 61,625 crore on BSE.

31 May 2024 11:34 am
Narrative stocks trade at rich multiples ahead of exit polls, election outcome; 50-75% correction possible!

Most 'narrative' stocks are so egregiously overvalued and on such absurd logic that it is impossible to even try and figure out the faith behind the exuberance behind the stocks, Kotak said.

31 May 2024 11:11 am
BJP seat wins: How stock market may react to exit polls, election outcome

If BJP losses in the elections and there is a formation coalition government led by INDI alliance, the market may see a strong sell-off in the knee-jerk reaction, said various experts.

31 May 2024 10:47 am
Rs 92 to Rs 726: This Adani Group stock gave multibagger returns in 3 years; analysts see more upside

Multibagger stock: Adani Power stock climbed 3.98% to a record high of Rs 725.75 against the previous close of Rs 698.20 on BSE. Market cap of the firm rose to Rs 2.74 lakh crore.

31 May 2024 10:47 am
F&O market, Lok Sabha elections 2024: How retail investors, FPIs are positioned ahead of poll results

F&O trading: Nuvama said while lower implied volatility suggests an expected stable election outcome, any negative development could trigger significant volatility.

31 May 2024 10:08 am
Bharat Dynamics shares rise 5% on Q4 earnings, final dividend

Shares of Bharat Dynamics rose over 5% in early deals on Friday after the aero space and defence firm reported a 89% year-on-year (YoY) rise in net profit in Q4.

31 May 2024 9:34 am
BJP seat wins, Modi stocks: 2,150% jump in 4 years! Will election results be make or break deal for PSU shares?

PSUs often play a significant role in the Indian economy, and their fortunes can be tied to government policies and directives, analysts said.

31 May 2024 9:21 am
Suzlon Energy, YES Bank, Zomato to see inflows on MSCI rejig; Paytm to see outflow

13 Indian stocks will be included in the MSCI Standard Index, while three others will make their exit, with net stock count post-rejig to be at I146 for India in the MSCI Standard Index.

31 May 2024 8:18 am
BJP seat wins, Phalodi Satta Bazar, exit polls, F&O: What stock market investors should know ahead of Lok Sabha election 2024 results

F&O trading: June is gearing up to be a volatile F&O series, with the election results on June 4 a focal point for investors, especially with the current ruling government poised for another term, analysts said.

31 May 2024 8:01 am
Stocks in news: Apollo Hospitals, Jio Fin, Sun Pharma, Bharat Dynamics, Muthoot and Welspun Corp

The drug maker Sun Pharmaceutical has accepted the preferential offer to acquire 14.28 per cent shares of the Indian Foundation for Quality Management, for Rs 12.5 crore.

31 May 2024 7:53 am
Adani Power, ITC, Cochin Shipyard: Trading views for these 3 buzzing stocks

An analysts from StoxBox said that Cochin Shipyard has witnessed a parabolic surge of 923 per cent from March 2023 lows. The RSI across daily and higher timeframes is trading in its overbought zone.

31 May 2024 7:48 am
BJP seat wins, exit poll results: 20% stock market correction likely if NDA fails to form govt, says Kotak

Elections 2024: Gohil said any unexpected outcome may trigger a major sell off in PSUs, capital goods, manufacturing, defence-related stocks but the IT and FMCG sectors may see buying interest.

31 May 2024 7:11 am
PM Modi is returning to power, we will see big push in infra, predictsace investor MarkMobius

Mobius said his focus is now on Indian infrastructure-related stocks, hinting at a strong push in the sector. Infrastructure is going to see a good push going forward, he said in an interview.

30 May 2024 8:00 pm
NSE Indices launches India's first ever EV index. Details here

The index has a base date of April 02, 2018 and a base value of 1000. Stocks forming part / going to be a part of the Nifty 500 index at the time of review are eligible for inclusion in the index, NSE stated.

30 May 2024 5:53 pm
IRCTC shares slip 11% from 52-week high in May, here are fresh price targets

IRCTC shares, which touched a 52 week high of Rs 1,148.30 on May 22, 2024 ended at Rs 1025.15 on Thursday, falling 10.72% during the period.

30 May 2024 5:12 pm
JB Chemicals looks to double revenue with expansion in the domestic market

Analyst at ICICI Securities expecting revenue contributions from India and CMO businesses to rise from 67% to 75%

30 May 2024 4:40 pm
Awfis Space Solutions shares rangebound after listing; should you book profit?

Awfis Space Solutions was listed a premium of around 14 per cent at Rs 435 on NSE and at a premium of 13 per cent at Rs 432.25 on BSE.

30 May 2024 3:25 pm