BUSINESS
Michael Burry explains why Palantir and Nvidia’s collapse will be worse than Nortel and Cisco in 2000
Michael Burry said the defining feature of today’s AI frenzy is a runaway capex cycle that resembles -- and even exceeds in several respects -- the fibre-optic and router boom of the late 1990s. Combined with thin monetisation and reflexive capex hype, the conditions are set for a sharper contraction than the Nortel-Cisco cycle.
BUSINESS
Meesho IPO opens: brokerages suggest ‘Subscribe’, but divided between scalable growth and profitability risks
Brokerages recommend subscribing to the Meesho IPO for long-term investors while noting meaningful risks -- profitability and competition. They cite Meesho’s dominant presence in value-driven e-commerce, strong network effects, improving contribution margins and scale efficiencies.
BUSINESS
Nomura sets Nifty target at 29,300 for end-2026, asks investors to stay selective as valuations cool
For investors positioning for 2026, Nomura recommends a bottom-up, selective approach -- avoiding narrative-driven, richly valued pockets while increasing exposure to underperforming exporters and exercising caution in areas with heavier government intervention.
BUSINESS
Nomura flags weakness as industrial growth hits 14-month low despite strong GDP; Trump tariffs blunt GST relief
Nomura's note citing the 14-low momentum in India's industrial production adds a layer of caution amid the strong GDP figures and GST relief. The increasing pressure from Trump tariffs is overshadowing the respite expected from the recent tax cuts.
BUSINESS
Tobacco stocks mixed, ITC in green as govt tables excise, cess bills; Rs 2,700-11,000 per 1,000 sticks levy on cigarettes
The government's excise duty proposals on cigarettes include a levy of Rs 2,700-11,000 per 1,000 cigarettes: Rs 3,000 per 1,000 cigarettes suggested for up to 65 mm filter sticks; and Rs 4,500 per 1,000 cigarettes for 65-70 mm sticks.
BUSINESS
SW Solar shares jump 5.5% as company announces Rs 1,381-crore Adani Green order, signs 5-year deal
Alongside the project award, Sterling and Wilson (SW Solar) signed a 5-year Strategic Partnership Framework Agreement with Adani Green Energy, aimed at future renewable energy rollout in India.
BUSINESS
Lenskart shares jump over 5% today after strong Q2 FY26 results in first earnings after IPO
Newly listed Lenskart Solutions Ltd posted a nearly 20 percent year-on-year rise in net profit to Rs 103.5 crore in Q2 FY26, compared to Rs 86.3 crore a year earlier. Sequentially, profit was also sharply higher than the Rs 61.2 crore reported in the previous quarter.
BUSINESS
Bank Nifty opens above 60,000 for first time ever; banking index extends sharp year-to-date outperformance
Monday’s historic high in Bank Nifty comes after a record-setting week for financial stocks. The banking index extended a powerful rally that has already pushed its year-to-date gains to 17.5 percent -- far ahead of the Nifty 50, which has risen 10.7 percent so far in 2025.
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.
