Reliance Power, Reliance Infra shares tumble 5% amid ED Probe into Rs 17,000 crore loan fraud
Reliance Power shares declined by 5% to ₹47.58, Reliance Infrastructure decreased by 4.98% to ₹296.15, and Reliance Home Finance shares slipped 4.84% to ₹4.84.
ABB India shares tumble nearly 4% as Q2 profit slides 21% YoY
ABB India’s shares fell 3.7% after reporting a 20.7% YoY decline in net profit to Rs 351.7 crore for Q2CY25, despite a revenue increase of 11.8%. The company’s EBITDA also decreased by 23.7%, with a contracted margin. Weak order inflows, attributed to cyclical corrections and subdued market conditions, impacted the overall performance, although the order […]
PC Jeweller shares rally 6% after management signals debt-free roadmap by FY26-end
PC Jeweller shares: To speed up its deleveraging efforts, PC Jeweller’s board approved a ₹500 crore fundraise in July from promoters and Capital Ventures Pvt Ltd. In addition, the company is expected to receive ₹1,300 crore through the conversion of warrants into equity shares by promoters and other investors.
Nifty may see 6–8% growth amid subdued earnings season: Chakri Lokapriya
Chakri Lokapriya of LGT Wealth suggests a cautious market outlook. Export sectors face challenges due to US tariffs. Industrials and consumer discretionary sectors show potential. ITC and Hindustan Unilever are bottoming out. Hero MotoCorp and TVS Motors appear attractive. Private capex may see a slight increase. Large-cap banks are preferable in the current environment.
Oil prices may face further pressure amid OPEC+ supply glut: Seth R Freeman
Seth R Freeman of GlassRatner Advisory notes India’s role in stabilizing oil prices by purchasing discounted Russian oil amidst tariff announcements. He anticipates continued market volatility due to labor market adjustments, tariffs, and political news, especially with low summer trading volumes. An expected increase in global oil supply may further pressure prices, potentially leading to […]
Can Cholamandalam Investment maintain its AUM growth target in a challenging market? CFO Arul Selvan answers
Cholamandalam Investment reports vehicle finance disbursement grew by 7%. Assets under management increased by 18%. Home loan AUM saw a 33% year-on-year rise. The company maintains its AUM growth target of 20-25% for the full year. Borrowing plans involve raising Rs 7,000-10,000 crore monthly. Gold loan business expands to 120 branches by Q2.
Oil slips as OPEC+ proceeds with September output hike
Oil prices fell on Monday. This happened after OPEC+ decided to increase production in September. The increase is 547,000 barrels per day. Concerns about a slowing U.S. economy also added pressure. Earlier, OPEC+ cited a healthy economy and low stockpiles for its decision. The U.S. may impose tariffs on Russian crude buyers.
Dollar steadies after tumble as investors eye imminent Fed cuts
The dollar experienced volatility following a disappointing U.S. jobs report and President Trump’s controversial actions, including the dismissal of a labor official. These events fueled speculation of imminent Federal Reserve rate cuts, impacting Treasury yields and currency valuations. While the dollar recovered slightly against the yen, markets anticipate a more dovish stance from the Fed […]
Jyoti Global Plast IPO opens today with healthy GMP buzz. Check details
Jyoti Global Plast’s IPO is set to open. The IPO combines fresh shares and an offer-for-sale. Early sentiment shows a premium in the grey market. The company raised funds from anchor investors. Jyoti Global Plast specializes in plastic molding. They supply to various sectors. The company has shown growth in profit and revenue.
Near-term strategy for stocks with high futures rollover
Amidst Nifty’s fifth consecutive week of losses, traders are eyeing stock-specific opportunities. Kaynes Technology and Jindal Stainless show bullish potential, while Jio Financial Services is expected to test higher levels. Conversely, Indraprastha Gas and Dr. Reddy’s Laboratories face bearish sentiment. Exide Industries and Federal Bank are also anticipated to underperform in the near term, according […]