Stock Market LIVE: Epack Prefab Technologies
Epack Prefab Technologies signed a memorandum of understanding with MASCOT South Asia LLP for capacity addition in Gujarat.
The company will increase capacity by around 50,000 tonnes in the first phase. It will invest around Rs 110 crore in the first phase for capacity addition in Gujarat, the company said in the exchange filing.
Stock Market LIVE: Nifty Bank Falls After Scalling Fresh High
The NSE Nifty Bank index rose 0.19% to 59,326.65. It was trading 0.08% down at 59,161.95 as of 10:17 a.m. Punjab National Bank, HDFC Bank Ltd., and Kotak Mahindra Bank Ltd. were top gainers in the index.
Tesla To Open First Full-Scale India Centre In Gurugram
Tesla is expanding its India footprint with the launch of its first full-scale centre in Gurugram later this month, signaling a major push to boost volumes and retail visibility in the domestic market. The move comes as the US electric carmaker faces global headwinds, from slowing demand in China to investor caution, NDTV said.
Fujiyama Power Systems Shares List At 3.5% Discount
Fujiyama Power Systems Ltd. listed at discounts on exchanges. It listed at Rs 220 apiece on National Stock Exchanges, which indicated a discount of 3.5%.
The stock listed at Rs 218.4 on BSE Ltd., which implies a discount of 4.2% from the issue price of Rs 228 apiece.
Stock Market LIVE: Nifty Less Than 200 Points Away From New High
The NSE Nifty 50 index was trading 0.17% higher at 26,096.30 as of 10:03 a.m. The index is 181 points away from its life high level os 26,277.35
Stock Market Today: Citi Research On Cummins India
Citi Research maintained a Buy with a target price Rs 4,875, which implied a 14.4% upside
Maintained as one of top picks within India industrials
Have an ongoing OW Cummins India / UW ABB India pair trade idea
Industrial segment weakness seen in 2QFY26 is likely transitory
Steady demand seen for powergen from real estate, construction, and infrastructure sectors
Future datacenter demand from colocation providers is likely to be steady
IHC Commited To Sammaan Capital Stake Purchase As Investigations Loom, Say Sources
Avenir Investment RSC, an affiliate of Abu Dhabi-based International Holding Company remains fully committed to its proposed investment in Sammaan Capital, despite ongoing allegations surrounding the firm, sources familiar with the development told NDTV Profit.
IHC has agreed to acquire a 43.46% stake in Sammaan Capital for $1 billion, a transaction that remains subject to regulatory and legal approvals.
Stock Market LIVE: Hester Biosciences's Board Approves Ashish Desai's Appointment As CFO
Hester Biosciences's board approved appointment of Ashish Desaid as chief financial officer, the company said in the exchange filing.
Stock Market LIVE: Groww Share Price Continues To Tumble After Mega Rally
Shares of Billionbrains Garage Ventures Ltd., the parent company of Groww, is once again facing immense pressure on Thursday's trade, as the stock continues to tumble after a mega rally post listing.
The stock is currently trading at Rs 155, which accounts for a fall of more than 8%. This comes after the scrip had touched the lower circuit in trade on Wednesday.
Stock Market LIVE: Jaiprakash Power Ventures Share Price Jumps 12%
Jaiprakash Power Ventures share price jumped 12.43% to Rs 22.79 apiece. It was trading 10% higher at Rs 22.28 apiece as of 9:31 a.m.
Sectoral Performance At Open: Nifty Defence Outperforms
Nifty Contributors: RIL, Axis Bank, HDFC Bank Shares Support
Markets At Open: Nifty, Sensex Extend Gains
The NSE Nifty 50 and BSE Sensex extended gains as Reliance Industries Ltd., Bajaj Finance Ltd., and Axis Bank Ltd. shares led. The indices were trading 0.16% and 0.17% higher, respectively as of 9:20 a.m.
LIVE: Rupee Opens Weaker Against US Dollar
Rupee opened 3 paise weaker at 88.63 against US Dollar
It closed at 88.59 a dollar on Wednesday
Source: Bloomberg
BofA Constructive On Financials, Real Estate, REITs, Autos — Here's Why
BofA remains constructive on financials, real estate, REITs and autos because of these are rate-sensitive and part of the domestic cyclicals story. On a defensive front, the global brokerage prefers exposure to hospitals, telecom, and regulated power utilities.
Stock Market News: Va Tech Wabag Gets ADB-Funded Large DBO Order In Nepal
Va Tech Wabag Ltd. received Asian Development Bank-funded 'large' DBO order from the Nepal Government. The company will use the fund to build Sundarijal Water Treatment Plant in Kathmandu Valley, the company said in the exchange filing.
Pine Labs Shares In Focus As Emkay Initiates Coverage With A 'Reduce' Call — Check Target Price And Key Risks
Shares of newly-listed fintech major Pine Labs Ltd. will be in focus on Thursday's trading session after Emkay initiated coverage on the counter, offering a rather cautious note.
The brokerage firm has initiated coverage with a 'reduce' rating while setting a price target of Rs 210, which suggests a potential downside of almost 13%.
Five Stocks To Buy: Coforge, TCS, Ramky Infrastructure, Punjab National Bank, BSE
NDTV Profit curated these five stocks from recommendation of various brokerages for Wednesday's session. Analysts chose stocks from information technology, infrastructure, financial, and broking spaces for Wednesday's session.
The NSE Nifty 50 and BSE Sensex are expected to extend gains as indicated by the GIFT Nifty. The futrue contract of GIFT Nifty was trading 0.27% or 70.50 points higher at 26,142 as of 7:54 a.m.
Find the recommended stocks for Thursday's trade here.
Nvidia’s Upbeat Forecast Soothes Fears Of AI Spending Bubble
Nvidia Corp. delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble, easing concerns that had spread across the tech sector.
Sales will be about $65 billion in the January quarter, the chipmaker said in a statement on Wednesday. Analysts had estimated $62 billion on average, according to data compiled by Bloomberg.
Read the full Bloomberg article here.
LIVE: GIFT Nifty Hints At Positive Open; NBCC, Max Healthcare, Infosys, TCS In Focus
The GIFT Nifty was trading 0.31% or 81 points higher at 26,152 as of 6:51 a.m., which implied a higher open for the benchmark index NSE Nifty 50.
Fears of artificial-intelligence bubble subdued following robust earnings report from Nvidia Corp. Hence, IT stocks will likely gain in Thursday's session.
Apart from IT stocks, NBCC (India) Ltd., Max Healthcare Institute Ltd., NTPC Green Energy Ltd., Varun Beverages Ltd., Bharat Petroleum Corp Ltd. shares will likely be in focus.
The Nifty 50 closed up 142.60 points or 0.55% higher at 26,052.65, while the Sensex advanced 513.45 points or 0.61% to 85,186.47.
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