BUSINESS
Eureka Forbes stock jumps 8%, hits record high as brokerages highlight turnaround, multi-engine growth
Eureka Forbes management presented a multi-engine growth strategy spanning water, cleaning, air and softeners, backed by sharper product positioning and greater customer awareness efforts.
BUSINESS
Morgan Stanley ‘overweight’ on India; strategist Garner says valuation reset, policy stimulus to drive earnings
Morgan Stanley’s economists are confident that recent policy stimulus will trigger a “meaningful upswing in nominal GDP growth.” As a result, corporate earnings growth, currently at 7-8 percent, is expected to accelerate to the mid-teens next year.
BUSINESS
India Vix eases 19% in five days, signals steady risk appetite; analysts see Nifty support at 26,000-26,100
The broader market structure remains positive, with repeated affirmations of strong support zones on the Nifty. Further, the market strength is supported by earnings momentum and improving macro indicators.
BUSINESS
Reliance Industries share price hits fresh 52-week high as Jefferies reiterates buy, check target price, upside
Jefferies said that all three of Reliance’s core businesses -- digital services, retail and oil-to-chemicals -- are delivering double-digit growth from the start of FY26. Further, the valuation also presents a favourable risk-reward ratio.
BUSINESS
Meesho IPO opens next week: Price band, dates, lot size, issue size and all key details
Meesho's initial public offering will raise Rs 5,421.05 crore at the top of the price range, comprising a fresh issue of Rs 4,250 crore, and an offer for sale (OFS) which has been trimmed down to around Rs 1,172 crore.
BUSINESS
Rare earth magnet incentive lifts GMDC, other mineral stocks, yet Indian market lacks a true rare-earth play
The surge in GMDC and other related stocks comes as the government prepares a major incentive scheme for rare earth permanent magnet (REPM) manufacturing. However, no domestic miner is positioned to benefit meaningfully from the rare-earth magnet value chain at this stage.
BUSINESS
GMDC stock extends rally with 5 percent surge; Sona Comstar also gains on rare earth magnet plans
The gains in GMDC stock follow improving sentiment around domestic mineral and metals producers after reports the Union Cabinet on Wednesday approved a major incentive scheme for rare earth permanent magnet (REPM) manufacturing.
BUSINESS
Bank Nifty hits fresh record high, climbs above 59,800 as Sensex, Nifty scale new peaks; index extends outperformance streak
Thursday’s record high in Bank Nifty builds on Wednesday’s strong performance, when the banking index surged over 700 points. The Bank Nifty has now gained 17 percent so far in 2025, comfortably outperforming the Nifty 50.
BUSINESS
Whirlpool of India stock crashes 11% after 11.8% stake sold in block deal; promoters likely offload equity
The identity of the buyers and sellers in the Whirlpool block deal is yet to be disclosed, but market reports indicated that the company’s promoters are the likely sellers.
BUSINESS
Sterling and Wilson Renewable Energy shares rise over 4% today after winning Rs 1,313-crore South Africa project
Today's gain in Sterling and Wilson share price comes after the renewable EPC player said it has secured a turnkey engineering, procurement and construction (EPC) contract for a 240 MW AC solar project in South Africa, valued at approximately Rs 1,313 crore.
BUSINESS
IT stocks climb on Fed rate cut hopes, weak rupee; Infosys, TCS lead as Nifty IT outperforms
The upmove in IT shares today tracked a spike in expectations of a US rate cut, fuelled by weak economic data and recent dovish commentary from Federal Reserve officials. Continued weakness in the Indian rupee added to the positive backdrop.
BUSINESS
GMDC shares jump over 6% today as rare earth magnet incentive plan lifts mineral stocks
The sector-wide momentum in mineral stocks such as GMDC followed reports that the Union Cabinet, chaired by Prime Minister Narendra Modi, has begun discussions on a major incentive scheme aimed at promoting domestic production of rare earth permanent magnets (REPM).
BUSINESS
Tata Motors PV shares rise on Sierra-led optimism; auto stocks gain on magnet incentive buzz
Brokerages expect the Sierra -- launched earlier this week -- to drive Tata Motors Passenger Vehicles return to the fast-growing midsize SUV category. Emkay Global estimates the company’s SUV market share could rise to 20-25 percent from about 17 percent currently.
BUSINESS
Adani Enterprises stock edges up today, but slips over two days as Rs 24,930-cr rights issue opens at discount
Adani Enterprises is offering 13.85 crore partly paid-up equity shares in the rights issue, with an upfront payment requirement of Rs 900 per share and the remaining Rs 900 payable through two call payments of Rs 450 each.
BUSINESS
IPO supply to limit market gains, says Axis MF CIO; expects earnings recovery in large cap firms
Going ahead, India's relative underperformance against global peers, a theme of the current year, is likely to reverse. However, achieving significant absolute outperformance next year would be challenging due to prevailing valuations and the supply overhang.
BUSINESS
Indian Oil, HPCL, BPCL stocks rebound after Tuesday’s fall, rise 1-2 percent as crude stays below $63/barrel
The recovery in Indian OMCs share prices tracked the continued softness in crude. Brent crude settled 1.4 percent lower on Tuesday, and saw only mild, technical gains on Wednesday.
BUSINESS
Bank Nifty hits all-time high, jumps over 1% as RBI guv cites room for rate cut; PSU bank stocks lead gains
The strength in Bank Nifty stocks also came against the backdrop of supportive commentary from Reserve Bank of India Governor Sanjay Malhotra, who reiterated earlier this week that there is still room to reduce policy interest rates.
BUSINESS
Bharti Airtel shares slip over 2% as 3.5 crore shares change hands in Rs 7,400-crore block trade
Bharti Airtel block deal: 3.5 crore shares, representing 0.6 percent of the company's equity, were sold for Rs 7,400 crore. Promoter group entity Indian Continent Investment Ltd is the likely seller in the transaction.
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.
