NIIT completes $17.6 million Bluewater acquisition; Sagility prepares 12% stake sale; IDBI Bank disinvestment round continues; NBCC hits marquee sale at rising prices; OnMobile expands distribution with Savex; major stock movers across Reliance, Jio Platforms, and more.
Spot gold fell 0.6% to $3,997.39/oz by 0255 GMT, and December gold futures slipped 0.6% to $4,007.80. Bullion heads for a second straight monthly decline
The Sensex, which opened at 74,199.69, was trading at 74,164.21, up just 13.17 points or 0.02%; the Nifty 50 opened at 22,964.50 and was quoting at 22,941.70, up 4.95 points or 0.02% at 9.20 am
IMF Communications Director Julie Kozack said foreign exchange intervention may be justified during disorderly market conditions, but flexibility remains preferable for India
The government will have to balance the potential revenue loss against fiscal constraints, and its broader objective of converging taxation across asset classes
Ford, Pfizer and Verizon are among 11 stocks that passed a screen of the S&P 500 for high dividend yields that are expected to be well covered by the companies’ free cash flow.
Sensex, Nifty, Share Prices Highlights: Sensex closed 905.01 pts or 1.24% higher at 74,151.04, and Nifty 50 gained 237.90 pts or 1.05% to 22,936.75 on Thursday as midcap index outperformed and ended at day’s high. Realty, FMCG and PSU Bank led the sectoral gainers. Only auto and cement dipped.
Renewed attacks on Saudi infrastructure and oil tankers have heightened supply concerns, while elevated freight rates reflect continued pressure across energy markets.
TVS Motor moves to unlock finance arm through demerger as Fortis and others push strategic deals; approvals, new leadership shifts, and key regulatory updates shape a busy earnings week.
On Thursday, the Indian stock market saw significant upward movement, propelled by the Federal Reserve's decision to maintain steady interest rates. The Sensex climbed by over 600 points, surpassing the 73,860 mark, while Nifty 50 gained 175 points, approaching 22,875. Broader indices like Nifty Smallcap 100 and Nifty Midcap 100 also witnessed increases of up to 0.6%. Traders should brace for potential fluctuations as expiry day approaches.
Following the Federal Reserve's recent decision, the Indian stock market surged, with Sensex rising by over 500 points and Nifty up by more than 150 points. Adani Ports and Power Grid were among the top gainers, while Trent faced a downturn. The breadth of the market remained positive, as advances outnumbered declines on the NSE. Analysts, however, highlighted potential global economic issues that could pose challenges for India.
Hyundai Motor India shares rose despite a sharp decline in Q2 FY27 profit as rising commodity costs squeezed margins. Nomura and Motilal Oswal retained their Buy ratings, citing new model launches, export growth and potential margin recovery.
Jefferies sees a potential long-term capital gains tax (LTCG) cut as a possible trigger for foreign investors to return to Indian equities after record outflows. Banks, Reliance Industries, utilities and real estate stocks could be the biggest beneficiaries. Here’s where foreign investors are positioned and what a tax cut could mean.
India’s equity market divergence suggests largecaps may be regaining leadership as mid- and smallcaps remain under pressure. The Nifty has recovered to broadly flat returns in October, while midcap and smallcap indices have declined. More reasonable valuations, earnings resilience, liquidity and institutional preference are supporting largecaps, though elevated crude prices, macroeconomic uncertainty and earnings concerns continue to cloud the broader market outlook.
Meesho shares fell nearly 3% after Q2 FY27 net loss narrowed 68% year-on-year to Rs 132 crore, while revenue rose 34% to Rs 4,132 crore. Brokerages remained divided, with Jefferies and Motilal Oswal maintaining Buy ratings and Nomura retaining Reduce, citing growth prospects, margins and festive-season demand.