BUSINESS
Nifty Defence index edges higher today as BEL leads gains a day after HAL-driven slide
The recovery in BEL came after the defence ministry announced that the company and France’s Safran Electronics & Defence have signed a joint venture cooperation agreement to produce the HAMMER precision-guided air-to-ground weapon in India.
BUSINESS
IOC, BPCL, HPCL shares shares fall today as Investec downgrades PSU OMCs on weakening diesel marketing margins
The OMC stocks downgrade follows a sharp rise in investor interest since October, which was driven by a surge in refining margins. However, Investec said that OMC profitability is significantly more sensitive to marketing margins than refining margins.
BUSINESS
AI trade entering cooling phase amid two uncomfortable realities; India emerging as key ‘anti-AI’ allocation
The market is now confronting two major sources of uncertainty that are removing “excitement and froth” from AI stocks, and that may keep sentiment subdued for a while. Meanwhile, global investors looking to allocate capital to non-AI stocks are looking towards India.
BUSINESS
Reliance Industries share price up 1.5%, hits new 52-week high as JPMorgan turns more bullish on 2026 outlook
JPMorgan said that RIL stock's valuations remain attractive versus peers, adding that the stock continues to trade at a roughly 15 percent holding-company discount. Further, the earnings drag from weaker refining and petrochemicals performance is now behind the company.
BUSINESS
Worst of India Inc’s earnings cycle over; Jefferies says momentum to strengthen, downgrades to be limited
Jefferies expects a more broad-based earnings uptick beginning in H2FY26, helped by the low base of the first half and a consumption boost supported by recent tax cuts. It said the environment is turning more supportive for autos, banks, power and consumer stocks.
BUSINESS
Zomato shares recover early losses, Swiggy jumps 5% as labour code hit to food delivery costs seen limited
Analysts said that a slight increase in delivery fees cannot be ruled out for customers as platforms adapt to the additional statutory outgo following the implementation of India’s new labour codes.
BUSINESS
Nifty IT index rises 1.6% today as US Fed cut bets strengthen; Tech Mahindra, Infosys stocks lead gains
The gains in IT stocks today tracked a jump in US Fed rate-cut expectations, as the probability of a December cut has climbed to 70 percent from 44 percent a week earlier. Brokerage commentary added to the positive sentiment.
BUSINESS
Nvidia shares whipsaw from post-earnings surge to sharp reversal as AI-bubble, fine-print worries weigh
The post-earnings surge in Nvidia stock added more than $130 billion to the firm's m-cap. But, by the close of US markets on Thursday, Nvidia plunged more than 3 percent as investors read the fine print on receivables and inventory, and AI bubble fears flared up again.
BUSINESS
Market volatility expected even if Bihar exit polls hold; traders eye key Nifty levels, global cues
Share market volatility has already risen in the run-up to the Bihar election results. Investors remain cautious ahead of the outcome.
BUSINESS
Share markets brace for Bihar election verdict today; exit-poll comfort faces asymmetric risks
Even as exit polls have projected a win for the ruling National Democratic Alliance (NDA), the market reaction to Bihar election results may be asymmetric, with no political triggers to push the markets higher.
BUSINESS
PPFAS plans new large-cap fund, sparks investor questions on one-equity-fund philosophy; CEO Parikh to clarify
The proposed Parag Parikh Large Cap Fund marks the fund house’s first new equity offering in over a decade. Over the years, PPFAS added a few distinctly positioned schemes -- tax-saving, income-oriented, or asset-allocation tools -- rather than overlapping equity products.
BUSINESS
Emmvee Photovoltaic IPO opens: Brokerages positive on strong growth prospects, valuation comfort
As Emmvee Photovoltaic Power IPO opens, analysts recommend ‘subscribe’, noting rapid capacity expansion, technological prowess, and a growing order book. Some analysts also flag customer concentration and import dependence as key risks.
BUSINESS
PhysicsWallah IPO opens today: Brokerages cautious on valuation, profitability amid strong growth potential
Brokerages see PhysicsWallah’s IPO as a scale-driven growth story with a strong franchise in India’s test-prep market, but advise investors to stay cautious until earnings stability and sustainable margins emerge.
BUSINESS
Bajaj Finance shares crash 7% today after Q2 results as growth guidance cut; brokerages broadly positive
Bajaj Finance Q2 results analyst views: Brokerages were positive on Bajaj Finance after its Q2 FY26 results despite the management’s lower AUM growth guidance, with a few cautious voices. Bajaj Finance stock fell 6.5%, while group firm Bajaj Finserv shares also fell 6.5% ahead of its Q2 results.
BUSINESS
Goldman Sachs upgrades India to overweight on strong earnings, macros; lists favoured sectors leading rebound
While Goldman’s upgrade partly recognises India’s catch-up potential after lagging other emerging-market peers by nearly 25 percentage points this year, the firm highlighted that a structural strengthening of fundamentals is under way.
BUSINESS
NSE to introduce pre-open session in F&O, traders to get first look at futures pricing; check timings, method, other details
NSE's F&O pre-open session will run from 9:00 am to 9:15 am, and follow a call auction format. The mechanism will initially apply to current-month futures on single stocks and indices.
BUSINESS
US stocks ‘deeply in AI bubble territory’, warns Port Shelter’s Richard Harris even as markets hit record highs
The US market is “deeply into” bubble territory, marked by classic warning signs seen in past market manias, warned Richard Harris, executive director at Port Shelter Investment Management. His warning came on a day when the US markets extended gains to record closing highs.
BUSINESS
Indian Oil stock up 1% today after strong Q2 earnings; brokerages bullish on refining margins -- check target price
Indian Oil Q2 results review: Brokerages, including Morgan Stanley and Nomura, shared a bullish outlook on IOC stock, citing robust refining margins and strong operational performance.
BUSINESS
Indus Towers stock gains 2.4% today; outlook bullish despite Q2 profit decline -- check target price
Indus Towers Stock Call: CLSA reiterated its bullish outlook on the telecom tower operator’s long-term prospects, even as Q2 FY26 results showed a decline in net profit.
BUSINESS
SBI Life shares rise 3% after Q2 results; brokerages bullish on margins, business mix -- check target prices
Brokerages shared bullish calls on the stock, with optimism about SBI Life Insurance's long-term growth and margin resilience.
BUSINESS
Dr Reddy’s stock falls 1% today after Q2 profit misses estimates; brokerages split -- should you buy or sell?
Analysts expect Dr Reddy's Laboratories' near-term profitability to remain under strain given pricing headwinds in the US and one-off costs, but most maintain confidence in the pharma company's diversified portfolio.
BUSINESS
Kotak Mahindra Bank shares fall 2% today after mixed Q2 results; brokerages upbeat -- should you buy or sell?
Brokerages see steady growth and improving asset quality as positives for Kotak Mahindra Bank, but expect near-term earnings momentum to remain subdued until margins rebound and fee income strengthens.
BUSINESS
HDFC Bank, Axis Bank, SBI stocks fall today after five-day rally; Bank Nifty slips below 58,000
The three heavyweights -- Axis Bank, HDFC Bank and SBI -- had risen between 2.9 percent and 7.6 percent over the past five sessions, supported by strong second-quarter results across the banking sector.
BUSINESS
Federal Bank to raise Rs 6,196 crore via preferential issue of warrants to Blackstone group entity
Federal Bank board also approved granting the Blackstone entity a special right to nominate one non-executive director on the board upon conversion of all warrants and subject to holding at least 5 percent of the bank’s paid-up share capital.
