Vedanta Power, Iron & Steel and Oil & Gas shares crash up to 8%. What’s triggering the selloff?
Vedanta shares saw profit-taking after a strong rally in newly demerged entities, with most segments falling up to 8% over 14 sessions. Vedanta Aluminium Metal outperformed and gained 2%, drawing bullish calls from brokers including Emkay and Citi, which see strong upside potential driven by global aluminium demand, cost efficiencies, and improving leverage, making it […]
Sandip Sabharwal calls IT a tactical trade, stays bullish on autos
Market expert Sandip Sabharwal views India’s IT sector as a tactical trading opportunity, not a long-term structural uptrend, despite lower valuations. He finds Avenue Supermarts’ premium valuation unjustified despite respectable performance. Sabharwal is optimistic about the consumption story, citing Marico’s strong results, and sees the auto sector well-positioned for growth, especially with EV adoption accelerating.
PB Fintech shares slide up to 8% after Temasek arm likely sells over 2% stake via block deal
PB Fintech shares fell sharply on Friday after reports said Temasek-linked MacRitchie Investments likely sold more than a 2% stake via a block deal at a discount. The proposed transaction, valued at around Rs 1,740 crore, weighed on investor sentiment.
Hindustan Zinc shares jump 3%. Here are 3 reasons behind today’s shine
Hindustan Zinc shares surged over 3% on Friday, adding approximately Rs 6,815 crore to its market value. This rally was fueled by a weaker US dollar, soaring silver prices, and a positive Q1 business update. The company reported its highest-ever first-quarter mined metal production, despite a slight dip in silver output. The stock’s performance reflects […]
FMCG could outshine, IT guidance key this earnings season: Narendra Solanki
India’s Q1 earnings season kicks off with a focus on sectoral performance. While banking, manufacturing, and auto ancillaries are poised for steady gains, the IT sector faces headwinds from AI disruption and global uncertainty. Investors are keenly watching for management guidance, especially from IT firms, as FMCG and discretionary consumption may offer positive surprises.
Union Bank of India shares drop 5% post Q1 business update, global business decline marginally on quarterly basis
Union Bank of India’s stock dipped 5% following its June 2026 quarter business update. While global business saw a modest yearly growth of 7.46%, it experienced a slight quarterly decline. Gross advances grew robustly year-over-year by 12.50%, though deposit growth was slower. The bank also announced senior management changes, contributing to market reaction.
Hitachi Energy, GE Vernova, Siemens Energy, other power equipment stocks crash up to 10%. Here’s why
Indian power sector stocks plunged Friday as reports emerged of a two-year exemption granted to four Chinese electrical equipment firms for government tenders. This move, aimed at easing project delays, allows companies like TBEA Energy and Nanjing Electric India to participate, despite earlier restrictions following the 2020 border clash. The exemption, however, is not to […]
Bajaj Housing Finance shares rally 5% as Q1 AUM climbs 24% YoY
Bajaj Housing Finance shares rose sharply on Friday after the company reported a 24% year-on-year rise in assets under management (AUM) to Rs 1.5 lakh crore for Q1FY27. Gross disbursements also surged to Rs 19,500 crore, reflecting strong business momentum and sustained demand in the housing finance segment.
Sensex surges 600 points, Nifty above 24,350. 7 key factors behind today’s D-Street rally
Indian stock markets surged on Friday, with Sensex and Nifty climbing over 0.8% each. This rally was fueled by a calmer Middle East situation and reduced expectations of further US Federal Reserve rate hikes. IT stocks led the charge, while broader markets saw more modest gains. The overall market sentiment remained positive, indicating investor confidence.
ETMarkets Smart Talk | Jiraaf clocks 15x growth in two years as retail investors embrace bonds: Vineet Agrawal
Indian investors are increasingly turning to bonds for stable income as fixed deposit rates decline. Improved digital access and regulatory oversight are boosting retail participation, with platforms like Jiraaf seeing significant growth. Experts emphasize evaluating yields carefully, considering credit ratings and issuer profiles, and diversifying within fixed income to manage risk effectively. This marks a […]