Stocks

Asian Markets Today: Japan's Nikkei, South Korea's Kospi In Green, Hang Seng Down 2% Over US-Iran Deal Uncertainty

Top picks for Monday, June 22, include food-delivery platform Eternal, retail major Trent, automotive heavyweight Eicher Motors, PSU lender Union Bank of India, and pharmaceutical player Mankind Pharma.

Market experts shared their insights on fundamentals and technical levels for key stocks, including and more.

The market valuation of Bharti Airtel surged by Rs 52,432.67 crore to Rs 11,62,963.30 crore, the most among the top-10 firms.

El Nino is a weather pattern that occurs with sustained warming of Pacific Ocean surface temperatures. This can lead to patterns of high and low pressure that translate into excessive rains in some parts of the world and drought in others. There's a 63% chance it could evolve into a very strong event — what's informally known as a "Super El Nino" — heading into 20...

Several companies, including Asian Paints Ltd., Hindustan Unilever Ltd., Life Insurance Corporation of India, Tata Power Co. Ltd. and Supreme Industries Ltd., will be in focus this week as their shares trade ex-dividend.

Brigade Enterprises Ltd, had commenced construction activities without obtaining prior permission from the Wetland Authority.

Nifty IT recovered from an intraday slide of more than 6% to close 3.65% lower as Infosys, TCS and other tech stocks pared losses after an early selloff.

On Friday, both indices snapped a five-day winning streak, with Nifty falling 0.64% to 24,013.10 and Sensex down 0.78% to 76,802.90.

Market experts shared their insights on fundamentals and technical levels for key stocks, including and more.

KSH's flagship product, CTC, offers a big addressable market. Domestic demand for CTC alone is projected to reach 100,000 tons by 2032, up from around 40,000 tons in FY25. As the market leader, KSH could be a key beneficiary of this demand.

Data shows that several mid-cap IT companies remain significantly below their pandemic-era highs. Happiest Minds tops the list, trading about 78% below its all-time high, followed by Newgen Software at 74% and Sonata Software at 66%.

On the NSE, shares of HPCL last traded 2.22% lower at Rs 392.70, IOC traded 2.19% lower at Rs 142.91 and BPCL shares were last down 3.10% lower at Rs 306.50 apiece.

The stock had come under sharp selling pressure after SEBI's June 3 order, falling to a 52-week low of Rs 77.05 last week after declining for seven consecutive sessions.

HDFC Bank Shares Fall After RBI Extends Keki Mistry's Tenure As Interim Chairman

HDFC Bank, Polycab India, Tata Communications, and others announce final dividends with June 19 as the record date for eligibility before shares go ex-dividend.

Several major companies including Infosys, Tata Steel, and Indian Bank will trade ex-date this week for final dividends, with record dates between June 8 and June 13.

Aurobindo shares rose over 1.5% after the announcement, with the deal expected to complete by the end of June.

Jio Platforms is valued at Rs 11.9 lakh crore by analysts, nearly matching Bharti Airtel's entire market cap, including its Africa arm, tower business, and data centres.

Major Indian IT stocks are crashing.Infosys Ltd. is trading at a low of Rs 1,033.9, down 8.3%. Mphasis Ltd. touched Rs 2,150, declining 7.99%, while Tech Mahindra Ltd. fell to Rs 1,344, down 7.16%.