Stock Market News

Market valuations are attractive; buy selectively for long term: Analysts

Over the past few months, rising interest rates amid surging inflation has dented market sentiment across the globe

HDFC twins shine: Banking counters stay buoyed up, Sensex up 446 points

The National Stock Exchange Nifty50 gained 126 points, or 0.7 per cent, to close at 18,817

Realty stocks soar on back of robust sales; sectoral index up 7.8%

The latest gains come on the back of robust sales posted by realty developers for the three-month period ending March (Q4FY23)

NSE's strict-governance platform in limbo after tepid corporate response

Inspired by Brazil's Novo Mercado, the platform would accept any listed company that voluntarily adopted its stricter corporate governance code

Cement stocks riding high on hopes of higher demand, capex push

Price wars led by increasing capacities and aggressive competition may hit prospects

Street sees no major surprise in RBI's interest rate pause decision

Realty stocks could see more gains while banking and NBFCs may witness a relief rally

Larsen & Toubro gains nearly 3% as hydrocarbon business wins mega contract

The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of over Rs 7,000 crore.

Half of top 100 cos see cut in target price over concerns of tepid earnings

Adani Green, Nykaa, APSEZ among firms with maximum cut in TPs in Jan-March 2023, shows Bloomberg data. Canara Bank, JSW Steel and Bank of Baroda have seen highest increase in TPs

Sebi's MF Lite plank for passive funds seen boosting India ETF landscape

Industry experts say it could help attract global players

Street cheers auto volume data amid interest rate, chip crunch concerns

Rural consumption will be crucial in the near-term for two-wheelers, while tractor sales have been healthy due to higher crop prices and adequate water reservoir levels

Jefferies assigns Rs 134-224 per share for Jio Financial Services

Listing and value unlocking to be the key event for RIL's stock price, says Nomura

Complying with Sebi's new rules will be challenging, onerous: AIF industry

Some believe alternative investment funds may face teething issue but the regulatory changes will eventually improve governance

KPIT shares plunge 12.5% after JPMorgan report takes 'underweight' call

The brokerage has assigned a target price of Rs 520, or 36 per cent lower that KPIT's last closing price of Rs 810

Here's why KPIT Technologies tumbled 8% on Monday

JP Morgan has initiated coverage on the stock with an "underweight" rating and a target price at Rs 540 per share

RIL up 4%; Lenders, shareholders to meet May 2 for financial arm's demerger

The move is expected to create a big player in segments including the NBFC (non-banking financial company) space with net worth of Rs 25,851 crore as of March 2022.

Kirloskar Brothers soars 10%; nears 52-week high on strong business outlook

The stock is inching towards its 52-week high of Rs 424 touched on November 25, 2022.

Defense stocks rally on bagging contracts from MoD; BEL, BDL surge up to 8%

The Ministry of Defence (MoD) on March 30 signed contracts with Indian shipyards, Bharat Dynamics, Bharat Electronics, and BrahMos Aerospace for equipments worth over Rs 35,000 crore.

Sensex may reclaim 62,000, Nifty 18,000 if these levels are conquered

Positive divergence may push Sensex and NIfty in a bullish trend for coming sessions, show technical charts.

Small stocks lag behind in FY23, take bigger hit than bluechip firms

The BSE smallcap index jumped 7,566.32 points or 36.64 per cent in 2021-22 fiscal, and the midcap surged 3,926.66 points or 19.45 per cent

New guidelines, higher M&HCV demand to drive gains for Bosch stock

Strong volume growth in its core segments of M&HCV/tractors should help keep the sales trajectory elevated