BUSINESS
TCS shares rise nearly 2% as brokerages see IT firm on right path towards AI adoption
ICICI Securities said TCS' AI engagements are gaining scale, growing 38.2% YoY in constant currency terms and next-generation services revenue growing at 6%-9%
BUSINESS
HDFC AMC, Canara Robeco, other AMC shares rise up to 8.5% after SEBI revises expense ratios
SEBI raised the brokerage cap for mutual funds to 6 bps from proposed 2 bps on equity trades, making compliance easier and cutting cost pressure after feedback that a sharp reduction could curb fund managers' ability to pick stocks
BUSINESS
JPMorgan initiates coverage on Orkla India with 'overweight', sees up to 21% upside
JPMorgan said Orkla is a leading player in packaged spices and convenience foods, sees tailwinds from shift to branded spices and rising demand for ready-to-cook meals
BUSINESS
Indraprastha Gas shares rise 6.5% as Nomura upgrades rating to 'buy' from 'neutral'
The risk-reward turns of the company are favourable after a sharp stock correction, the brokerage said
BUSINESS
Sensex settles 300 pts lower from day's high, Nifty ends below 25,850: Mixed US jobs data among key factors behind market decline
Uncertain Fed outlook, persistent FII selling among key reasons behind bearish market sentiment on December 17
BUSINESS
NCLT Mumbai approves Vedanta demerger plan, shares rise 4%
The demerger was proposed to streamline operations, improve management focus, and unlock shareholder value
BUSINESS
DMart gains 2.5% after CLSA reiterates 'high conviction outperform' rating on stock, sees up to 61% upside
India’s consumption outlook remains strong and DMart has a deeply moated business model, says CLSA
BUSINESS
Citi expects macro tailwinds to drive Indian auto sales in 2026, top picks include Maruti, M&M
The brokerage sees car sales rising 5.1% in FY26 and 5.2% in FY27
BUSINESS
Amber Enterprises shares rise 2.5% as CLSA reiterates 'outperform', check target price
Company indicated strong medium-term pipeline and growth across consumer durables, electronics and railways in recent analyst meeting, said CLSA
BUSINESS
ONGC shares fall 3%, hit seven-month low as Axis Capital initiates coverage with 'sell' rating
The domestic brokerage gave a price target of Rs 205 for the stock, which indicates a potential downside of up to 12% from the current market price
BUSINESS
Dhurandhar effect: PVR Inox shares rise 7% as Ranveer Singh-starrer storms past Rs 300 crore milestone
A trade analyst said Dhurandhar's second Saturday collections are the highest ever in the history of Hindi cinema
BUSINESS
DCM Shriram stock rises up to 9% after company signs MoU with Bayer CropScience
The MoU establishes a strategic framework for collaboration across areas such as agri-inputs, digital advisory, sustainable farming practices, and value-chain strengthening
BUSINESS
Nephrocare Health Services IPO subscribed 36% on day 2; check GMP
The company has fixed a price band of Rs 438-460 per share for its upcoming IPO, valuing the company at over Rs 4,600 crore
BUSINESS
IndiGo shares fall 1% as airline cuts capacity, passenger unit revenue guidance for Q3
Aviation regulator DGCA directed the carrier to cut 10% of its domestic winter schedule following mass flight cancellations
BUSINESS
Closing Bell: Sensex closes 450 pts higher, Nifty ends near 26,200 after RBI rate cut; financials, IT gain
Rate-sensitive stocks outperformed on December 5. Nifty Financial Services rose 0.8%, while Bank Nifty and PSU Bank index rose 0.5% and 1%, respectively, after the rate cut decision.
BUSINESS
Closing Bell: Sensex, Nifty close marginally higher in volatile session, snap 4-day losses
On December 4, Nifty closed above the 26,000-mark a day ahead of RBI's rate decision; IT, real estate shares outperformed
BUSINESS
Angel One shares fall over 5% as company's gross client acquisition declines 17% YoY in Nov
The stock broker's number of orders dropped 10.4% YoY to 117.3 million in November, while average daily orders also fell 15.1% YoY to 6.2 million
BUSINESS
Yes Bank, Union Bank of India shares rise up to 3% on inclusion in Bank Nifty from Dec 31
NSE also said that the weightage of the top three constituents will be capped at 19%, 14% and 10%, respectively
BUSINESS
Auto index rises up to 1%; TVS Motor, Tata Motors PV lead gains on strong November wholesale sales numbers
Most two- and four-wheeler companies are expected to report a robust growth in sales across segments on the back of lower goods and services tax rates
BUSINESS
Bandhan Bank shares rise marginally as lender moves to offload bad loans worth Rs 6,900 crore
Bandhan Bank has grappled with higher bad loans in its micro-loan book over the last few quarters, forcing it to set aside more funds for potential bad loans
BUSINESS
Adani Enterprises shares rise 2.5% after unit buys 73% stake in Flight Simulation Technique Centre for Rs 820 cr
India's defence pilot training ecosystem is emerging as a major opportunity, mirroring trends in civil aviation where simulator-based training lowers costs and improves safety and efficiency, the company said
BUSINESS
63 moons shares rise 16% as National Spot Exchange settlement scheme approved by NCLT
The NCLT approval marks a final stop for the 12-year long NSEL crisis, potentially leading to all legal cases against company being withdrawn.
BUSINESS
GAIL shares fall 6% on smaller-than-expected tariff hike by PNGRB; should you buy, sell or hold?
The regulator's transmission tariff hike of 12% was lower than the management expectation of 20%
BUSINESS
Patel Engineering shares jump 14% on getting orders worth Rs 798 crore
The company received two Letter of Intents from Hyderabad-based Saidax Engineers and Infrastructures for excavation and transportation of coal at a project in Chhattisgarh and for South Eastern Coalfields Ltd
