Markets / Business Today
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
The privatization of IDBI Bank will set the tone for privatizing other assets in banking and insurance industry
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.
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.
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.
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.
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.
Since coming to power in 2014, the Modi government has introduced several key healthcare initiatives, including its flagship health insurance scheme Ayushman Bharat Yojana
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.
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.
India is well positioned to meet this demand, says Uday Bhaskar, Director General of the Pharmaceuticals Export Promotion Council (Pharmexcil).
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.
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.
SEBI's rumour verification framework aims to exclude price volatility from average market price calculations for corporate actions, ensuring fairness for all investors.
ACE Equity Data shows that the group has posted a record Rs 85,510 crore PAT in FY24 from its 25 firms
Following a safe landing in Srinagar, all passengers and crew members of the Vistara aircraft UK611 were evacuated.
The diluting process will be done by listing the company through an initial public offer (IPO).
Data available with ACE Equity shows that the combined profit after tax of the PSUs surged 48% year-on-year.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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
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
Sitharaman cited former RBI Governors Raghuram Rajan and Urjit Patel, who were also critical of the lending practice then.
Kiran Jani, Head of Technical Research at Jainam Broking, on Friday selected Axis Bank Ltd as one of his top picks for the day.
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.
Suzlon Energy shares were trading flat at Rs 45.30 today. Market cap of the firm slipped to Rs 61,625 crore on BSE.
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.
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.
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.
F&O trading: Nuvama said while lower implied volatility suggests an expected stable election outcome, any negative development could trigger significant volatility.
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.
PSUs often play a significant role in the Indian economy, and their fortunes can be tied to government policies and directives, analysts said.
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.
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.
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.
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.
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.
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.
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.
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.
Analyst at ICICI Securities expecting revenue contributions from India and CMO businesses to rise from 67% to 75%
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.