SAIL reported a 138% YoY increase in net profit to ₹1,636 crore for Q1 FY27, despite lower production. EBITDA rose 49% YoY to ₹4,356 crore. The company moderated production due to geopolitical issues but aims for improved stability ahead. Steel Authority of India (SAIL), one of the country’s largest steelmakers, announced its June quarter…
The broader market mirrored the weakness in the benchmark indices, with the Nifty Midcap 100 declining 1% and the Nifty Smallcap 100 falling 1.5% Indian benchmark indices extended their losing streak for a third consecutive session on July 22, as rising crude oil prices, a sharp decline in the rupee, and profit booking in heavyweight…
TVS Motor shares have gained 32 per cent in a year and 179 per cent in three years, according to BSE data, even as it is down 1 per cent year-to-date. TVS Motor Q1 Results: Shares of auto maker TVS Motor Company switched to the fast lane in the late afternoon session on Tuesday,…
The Sensex declined 443 points, or 0.57%, to close at 77,708.52, while the Nifty 50 shed 96 points, or 0.39%, to settle at 24,238.50. The Nifty Midcap 100 index climbed 0.60%, while the Smallcap 100 index rose by 0.16%. Stock market today: Stock market benchmarks, the Sensex and the Nifty 50, ended lower on Monday,…
Market strategist Rohit Srivastava predicts the Nifty 50 index could reach 27,000 by the end of this year or early next year. He advises investors to buy dips and focus on growth stocks despite geopolitical uncertainties that threaten short-term stability. Expert view: Rohit Srivastava, the founder and market strategist at Indiacharts.com, believes the Nifty…
In the large-cap segment, funds attracted net inflows of ₹2,067.48 crore in June, up from ₹1,592.93 crore in May. Funds were net buyers of 56 per cent of the Nifty 50 stocks. Mutual fund stock picks: As investors poured more money into mutual funds, wealth managers stepped up purchases of stocks, particularly in private…
Kotak Institutional Equities said that defence companies are well-positioned to benefit from rising geopolitical tensions, accelerating modernisation programmes and an expanding export opportunity. Defence stocks: Kotak Institutional Equities has initiated coverage on India’s defence sector, saying it is on a multi-year structural upcycle. It said a sharp rise in Acceptance of Necessity (AoN) approvals,…
On the sectoral front, Nifty Realty ended the day as the top gainer, followed by Nifty PSU Banks. Both indices closed over 3 per cent higher. Stock market benchmark indices Sensex and Nifty 50 surged on Friday, driven by a rally in IT firms after TCS reported its June quarter results. A positive trend…
The recovery seen in the Indian stock markets on Thursday, analysts said, was more on account of value buying at lower levels, but advise investors stay cautious. Markets recovered partially from the near 1,700-point fall (Sensex) on Wednesday with the 30-share index rising around 700-points intraday on Thursday. The volatility in the last two…
Sensex sinks 1,900pts intraday, Nifty at 23,805 on Trump’s ceasefire remark Why market is down today: US President Donald Trump said that the interim agreement with Iran is “over” but he will allow talks to continue. Why market is down today: Market benchmark indices Sensex and Nifty 50 tumbled on Wednesday as investors assessed the…