BUSINESS
Sensex, Nifty slip into red in early trade after flat start; investors eyeing key support levels after selloff
Markets had opened in the green but quickly gave up gains, reinforcing the cautious tone that has prevailed since the Nifty slipped below the 26,000 mark in the previous session. Analysts see the early weakness as a test of the market’s ability to absorb recent selling pressure.
BUSINESS
BHEL shares rebound over 3 percent today in early trade after sharp sell-off; order win helps stock
Friday’s rebound in BHEL shares reflects selective buying in beaten-down capital-goods stocks after Thursday’s sharp correction, which was triggered by policy-related concerns.
BUSINESS
Buy or Sell NHPC stock? CLSA’s ‘high-conviction outperform’ call hinges on FY26 capacity jump, earnings
CLSA says that NHPC's installed capacity could rise by as much as 64 percent year-on-year in FY26, setting the stage for a stronger earnings profile over the medium term. Also, NHPC’s board has approved fund-raising of up to Rs 2,000 crore via bonds.
BUSINESS
What to do with BHEL stock today after a sharp selloff? UBS says ‘buy’ on major order win; check target price
UBS said that the recent correction in BHEL shares offers a positive read-through for the stock, citing robust order momentum. BHEL stock lost about 9 percent yesterday on concerns that easing restrictions on Chinese bidders could intensify competition in large government contracts.
BUSINESS
Sensex, Nifty extend opening losses; IT, metal stocks drag as broader market slips
BSE Sensex and NSE Nifty extended opening losses on Thursday following weak global cues and continued FII outflows. Broader markets also came under pressure, with the Nifty Midcap 100 and Nifty Smallcap 100 indices slipping. Selling pressure intensified in IT and metal stocks.
BUSINESS
HDFC Bank large trade: Rs 1,756 crore equity stake changes hands; stock falls 1.5%, extends losing streak
The recent weakness in the stock follows the lender’s Q3 FY26 business update, after which HDFC Bank emerged as one of the top drags on the benchmark indices.
BUSINESS
Infosys shares gain 1.3% today as AWS collaboration on generative AI lifts sentiment
Infosys has partnered with Amazon Web Services to integrate its AI-first platform Infosys Topaz, with AWS’s generative AI-powered assistant Amazon Q Developer. Infosys stock outperformed the benchmark Nifty 50, which fell 0.1 percent today.
BUSINESS
Are Trump tariffs legal? US Supreme Court may rule on Friday; India awaits clarity on trade policy
The US Supreme Court may deliver a ruling on the legality of President Donald Trump's sweeping tariffs, as high as 10-50 percent on most imports, and additional levies that have affected trade with partners such as India.
BUSINESS
Most active stock today: Cupid Ltd extends rebound, jumps up to 9% intraday amid heavy volumes
Trading activity in Cupid Ltd stock surged sharply, with the combined BSE and NSE volumes crossing 1 crore shares within the first 20 minutes of trade, matching the one-month average daily volume. The stock extended its recent rebound, rising as much as 9 percent intraday.
BUSINESS
Steel stocks rally: Tata Steel, JSW Steel, Jindal Steel gain 2-4% after safeguard duty lifts sentiment
The government decision to impose a three-year safeguard duty of up to 12 percent on select steel imports is aimed primarily at curbing inflows from China, Vietnam and Nepal, and has improved sentiment across ferrous metal shares.
BUSINESS
Railway stocks fall today as investors book profits after sharp rally; caution over modest Budget growth
The recent rise in railway stocks was seen amid the revised passenger fare structure that took effect on December 26. Sentiment cooled today after a report said that budgetary support for Indian Railways’ capital expenditure in 2026-27 may see only a modest growth. Brokerages had already advised caution.
BUSINESS
Coforge shares slip in early trade as $1-billion Encora deal talk, fundraising plans weigh
Moneycontrol has reported that Encora, backed by private equity firm Advent International, is among the companies with which Coforge has held advanced discussions. The company has called a board meeting today to consider a fundraising proposal.
BUSINESS
VIP Industries Ltd shares jump over 7% today as 26% equity stake changes hands in block deal
The buyers and sellers in Wednesday’s transaction were not immediately disclosed, but VIP Industries block deal follows a series of promoter stake sale transactions in recent months. Then, the acquirers had also announced a mandatory open offer for an additional 26 percent stake at Rs 388 per share.
BUSINESS
Ambuja Cements share price extends gains today as brokerages stay bullish after ACC, Orient merger approval
Brokerages broadly see the merger transaction as positive for Ambuja Cements, with expected cost synergies of at least Rs 100 per tonne forming a key part of the investment thesis.
BUSINESS
Shriram Finance shares jump again today; brokerages issue bullish targets after MUFG’s Rs 39,600-cr investment
Shriram Finance share price target: Brokerages now see up to 33 percent further upside in the stock, following MUFG Bank’s landmark Rs 39,600-crore investment for a 20 percent stake in the NBFC.
BUSINESS
Gold price to more than double, target $10,000; S&P 500 set for bold gains: wealth opportunity of the decade
Gold prices are likely to significantly more than double from here to hit $10,000 by the year 2029-end, according to market strategist Ed Yardeni. He has the same price target for S&P 500 as well, citing the long term identical trend for both asset classes.
BUSINESS
ICICI Prudential AMC IPO Day 3: Issue subscribed 39 times as QIB, NII books explode
ICICI Prudential AMC IPO: Qualified institutional buyers (QIBs) dominated the book on Day 3, with the category subscribed a staggering 67.86 times. NII segment also saw aggressive participation, with the category subscribed 20.6 times by 3 pm.
BUSINESS
HDFC Bank, IndusInd Bank shares slip after RBI clears HDFC group to hold up to 9.5% in IndusInd
The marginal fall in both bank stocks today comes after HDFC Bank said the RBI had approved the group to acquire up to a 9.5 percent stake in private sector lender IndusInd Bank.
BUSINESS
ICICI Prudential AMC IPO Day 2: Issue subscribed 2 times as NII, QIB demand accelerates
ICICI Prudential AMC IPO continues to see strong institutional support following its Rs 3,021.8-crore anchor book, with Day 2 trends pointing to broad-based participation across categories. With one more day of bidding remaining, investors will now track whether subscription levels build further into the close.
BUSINESS
IPO action today: ICICI Prudential AMC bidding enters day 2; check listings, allotments, open subscriptions
Shares of Wakefit Innovations Ltd are slated to list on the NSE and BSE today, while The ICICI Prudential AMC IPO enters its second day of bidding. Attention today also turns to IPO allotments for two healthcare companies.
BUSINESS
ICICI Prudential AMC IPO subscribed 72% on Day 1, QIB portion fully booked
ICICI Prudential AMC IPO: Retail investor participation continued to strengthen, with the category being subscribed 21 percent on Day 1.
BUSINESS
US Fed set to deliver third straight rate cut today, but all eyes on cues for 2026 policy path
While the quarter-point reduction in the policy interest rate is widely anticipated, some analysts anticipate a “hawkish cut”, where the US Fed lowers rates today but hints that the pace of easing may slow from here.
BUSINESS
Howard Marks warns AI boom mirrors classic bubble patterns, urges investors to stay measured
Howard Marks said the pattern of investor enthusiasm and capital flows into AI is typical: a revolutionary idea excites early adopters, enviable gains lure in the crowd, and prices begin to run far ahead of what is reasonably predictable.
BUSINESS
Adani Green Energy block deal: 1.7% equity stake sold for Rs 2,718 crore; TotalEnergies likely seller
TotalEnergies, through its investment vehicles, held a combined 18.99 percent stake in Adani Green Energy as of September 30. Market news on Tuesday suggested the French company intended to sell 2.47 crore shares worth about Rs 2,400 crore.
