STOCK MARKET NEWS
PNC Infra shares tank 10% following CBI raid on company
PNC Infra Share Price: PNC Infratech's shares experienced a sharp decline of 10% to Rs 470 during Tuesday's trading session on the BSE. This drop occurred following news that the Central Bureau of Investigation (CBI) had conducted searches at the company's corporate office and the residences of its managing director (MD) and whole-time director.
HCC shares jump 15% after Elara Capital initiates buy rating, sees 58% upside
Hindustan Construction Company (HCC) witnessed a significant surge of almost 15% to reach a peak of Rs 45.6 during Tuesday's trading session on the BSE. This increase came after brokerage firm Elara Capital initiated coverage on the stock with a 'Buy' rating and set a target price of Rs 63.
Hot Stocks: Brokerage view on GAIL, Tata Chemicals, HCC and ONGC
JPMorgan upheld a neutral outlook on GAIL India, while Morgan Stanley advised an underweight position on Tata Chemicals. Elara Securities commenced coverage on HCC, and Jefferies reaffirmed a buy recommendation on ONGC.
Stocks in news: IndiGo, Mphasis, IRB Infra, Raymond, BPCL
Domestic markets opened lower with focus on various companies' developments including IndiGo, Mphasis, IRB Infra, Cintra, RVNL, Siemens, Raymond Realty, BPCL, JSW Steel, Bharat Petroleum Corporation, Lupin, Global private equity, and Central Railway project.
Stock Radar: 40% rally in a year! This FMCG stock bounced back from 200-EMA; time to buy?
Tata Consumer Products, in FMCG space, saw profit-taking but stock up 40% in a year. Rally not over. Stock reached 52-week high of 1269 in March 2024. Analyst recommends accumulating stock in range 1120-1140 for target of 1325-1330 levels with stop loss below 1050. Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own.
Consumer sector in focus post-election results! D-Mart, Tata Consumer could give 12-18% in 1 year
We believe this rally in staple stocks is driven by not only its ‘defensive sector’ tag but also the underlying excitement, which was triggered by strong post-Q4 management commentary.
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Power Grid, Ramco Cements among 5 stocks with long buildup
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Monday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Stock Radar: 100% rally in a year! This auto stock gives a breakout from 10-week consolidation; time to buy?
Bajaj Auto, part of the auto space, doubled investors’ wealth in the last year, hitting a record high in June 2024. Analysts suggest further upside potential with technical indicators supporting the bullish trend.
Unstoppable bull run! Sensex, Nifty hit fresh lifetime highs led by gains in RIL & banking stocks
Indian benchmark equity indices, Sensex and Nifty50, reached fresh record highs on Monday with Sensex hitting the 77,000 mark.
Big movers on D-Street: What should investors do with HDFC AMC, Wipro and Paytm?
On Friday, equity indices surged by over 2%, reaching record highs following the Reserve Bank of India (RBI) upward revision of the GDP growth projection. Notable stocks included HDFC AMC, which increased by 2%, Wipro, witnessing a 5% gain, and Paytm, whose shares soared by 10% on Friday.
Technical Breakout Stocks: How to trade Raymond, Avanti Feeds and Sobha on Monday?
On Friday, the Indian market continued its upward trend, marking the third consecutive day of gains. The S&P BSE Sensex surged by over 1,600 points, while the Nifty50 closed just below the 23,300 level.
85 smallcaps offer double-digit returns in action-packed market week
It was a turbulent week in the market as investors went through a whirlwind of emotions. There was an initial surge in optimism after the exit polls, followed by a sharp downturn on election results day, and then a remarkable rebound. The bounce-back after the election results led to a significant recovery across various sectors, with 85 small-cap stocks registering double-digit gains for the week.
FOMC, FII action among 10 factors to dictate D-Street mood this week
The Nifty index closed the week with a 3.6% increase amidst two significant occurrences: the highly anticipated election results and the monetary policy decision by the Reserve Bank of India (RBI). As trading resumes on Monday, a range of significant domestic and international events scheduled throughout the holiday-shortened week are expected to influence market movements.
Global funds cautious on stocks after election surprise
Global funds were net short on over 280,000 index-future contracts and were long on over 100,000 put options contracts, according to provisional exchange data compiled by Bloomberg, indicating expectations for equities to fall further.
Sensex climbs 300 points ahead of RBI MPC decision, Nifty above 22,900
The domestic benchmark equity indices, Nifty50 and Sensex, started the day with gains on Friday, as investors anticipated the Reserve Bank of India's policy meeting. It is widely anticipated that the RBI will maintain interest rates unchanged during the meeting.
Big movers on D-Street: What should investors do with DMart, Sun TV and Uno Minda?
Equity indices rose 1% as PM Modi is set for a third term. Analyst Viral Chheda from SSJ Finance & Securities recommended actions on Dmart, Sun TV, and Uno Minda stocks based on Stochastics Oscillator signals and Bull Run patterns, considering trading volumes.
Stocks in news: Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, Indian Oil
Benchmark indices show positive momentum for the second consecutive day with lower volatility compared to the results day. Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, and Indian Oil are in focus for various news developments. Allcargo Terminals, Bajaj Finserv, RVNL, Muthoot Microfin, and Pidilite Industries have also made significant announcements.
PSU, defence, rail, and bank stocks surge up to 13% as election shock wears off
PSU stocks such as BHEL and Mazagon Dock Shipbuilders witnessed gains of up to 13% on Thursday as investors renewed their support for state-owned companies, recognizing their long-term growth potential.
Were exit polls rigged to manipulate stock market? MP seeks Sebi investigation
As the yawning gap between exit poll predictions and the actual election results led to huge losses in the stock market on Tuesday, Trinamool Congress' Rajya Sabha MP Saket Gokhale has asked Sebi to investigate whether BJP and poll agencies made crores by manipulating the stock markets via pollsters.
Asia stocks rally as rate cut bets gather momentum; ECB in focus
Asian shares rose on Fed rate cut expectations and ECB meeting. Oil prices climbed, Treasury yields fell. Asia-Pacific shares outside Japan gained 1.14%, led by tech stocks.
Sensex surges 2,400 pts, Nifty tops 22,600 after posting worst day in four years as poll verdict anxiety eases
Nifty50 and Sensex rebounded after worst day in 4 years following narrow win for PM Modi's alliance, raising policy continuity concerns.
F&O stocks: Hindustan Aeronautics, Power Grid among 5 stocks with short buildup
To determine if a stock has seen a buildup of fresh short positions, we need to understand the concept of "short selling." Short selling occurs when a trader anticipates that the price of a stock will decrease. The trader sells the stock without actually owning it and then aims to buy it back at a lower price. For example, if stock XYZ is trading at Rs 100, a trader might sell it at Rs 100 and then repurchase it at Rs 90, thereby making a profit of Rs 10.
Taking stock: When Street swings to the count of votes
Nifty saw its biggest fall in 20 years after the BJP fell short of a majority. The markets, expecting a BJP win, now face correction due to high valuations.
Stocks in news: Tata Motors, Wipro, RIL, SJVN, NTPC, Canara Bank
Domestic markets witness a major fall as NDA returns with reduced majority. Tata Motors to establish TML Commercial Vehicles Ltd, Ashok Leyland introduces 'Sarathi Suraksha' Policy, RIL faces losses, Wipro introduces Cyber X-Ray, Infosys enhances healthcare in Japan.
GIFT Nifty rises 100 points; here's the trading setup for today's session
Indian markets reacted to the NDA's election results with a 6% loss in Sensex and Nifty. Concerns over socialist policies were raised. Traders were cautioned by Kotak Securities. Adian Markets and Hang Seng futures showed varied performance. Oil prices fell slightly. Stocks in F&O ban.
Stocks in news: Adani Ports, REC, Maruti Suzuki, Hero MotoCorp, MosChip Tech
Equity markets await BJP's election outcome on June 4. GSK's Blenrep shows promise for multiple myeloma. NMDC reports 37% production fall in May.
Stocks in news: Apollo Hospitals, ICICI Pru Life, Hero MotoCorp, Muthoot Finance, Welspun Corp
Equity markets faced losses on Thursday due to uncertainty surrounding the election results. Shares of Apollo Hospitals, ICICI Pru Life, Hero MotoCorp, Muthoot Finance, and Welspun Corp were in focus with notable developments. RR Kabel, Premier Explosives, Suven Pharma, and Bharat Dynamics also had updates.
Stocks in news: Apollo Hospitals, Muthoot Finance, Tata Steel, Kfin Tech, RR Kabel
Tata Steel Ltd on Wednesday reported 64% fall in its consolidated net profit at Rs 611 crore for the fourth quarter, compared with Rs 1,705 crore in the same quarter a year earlier.
Stocks in news: RIL, Hindalco, PNB Housing, Grasim, Tata Steel
State-run Indian Railway Catering and Tourism Corporation (IRCTC) reported a consolidated profit after tax (PAT) of Rs 284 crore, which was up 2% year-on-year.
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