More / The Economic Times
Hindustan Aeronautics Ltd (HAL) shares surged following confirmation of progress in the LCA Tejas fighter jet engine procurement. The company is set to receive 12 GE-404 engines this fiscal year, keeping production on track.
Indian equities extended their winning streak on Wednesday, with the Nifty notching a sixth consecutive day of gain, after U.S. President Donald Trump said his administration is continuing negotiations to address trade barriers with India
Sandeep Tandon of Quant Mutual Fund sees Indias market setup as constructive, recommending continued exposure to IT, pharma, and FMCG. IT stocks may outperform over 612 months, while GST-led consumption and global demand support pharma and FMCG growth, backed by steady retail inflows.
Reliance Power and Reliance Infrastructure shares have fallen nearly 36% in three months, raising concerns about Anil Ambanis corporate comeback. Legal cases, lender scrutiny, and profit volatility overshadow operational gains, leaving investors uncertain about the sustainability of the turnaround.
InCred Asset's Aditya Sood suggests Indian markets are poised for a comeback, hinging on earnings growth. Despite recent flat returns, potential US Federal Reserve rate cuts and a favorable bond spread create a supportive environment. Sood is cautiously optimistic, favoring healthcare, rural-focused consumer stocks, and select IT firms like Infosys for steady compounding.
Indian IT stocks continued their rebound on Tuesday, with the Nifty IT index posting gains for the second straight session. Broad-based buying lifted both large- and mid-cap stocks, driven by renewed sector optimism.
Larry Ellison surged closer to surpassing Elon Musk as the worlds richest person after cafter-hours shares jumped over 26%, potentially boosting his net worth by $70 billion. The 81-year-old co-founders fortune is heavily tied to Oracle, whose stock has risen 45% this year, while Tesla shares have fallen 14%, trimming Musks wealth.
Titagarh Rail, JSW Infra, NSE stocks, NSE, stock market news, Marubozu Pattern