Indian markets are not vulnerable: Sebi chief Tuhin Kanta Pandey remains optimistic even as Sensex, Nifty bleed
Sebi Chairman Tuhin Kanta Pandey said Indian markets remain resilient despite once-in-a-decade global headwinds, including elevated oil prices and bond yields, citing the country’s strong macroeconomic foundation.
Axiscades Technologies rises 5% as Sunil Singhania’s Abakkus buys 3.03% stake
Axiscades Technologies shares rose on Wednesday after Abakkus Asset Manager bought a 3.03% stake for around Rs 235 crore through a block deal. Kotak Mahindra Mutual Fund also picked up a 4.89% stake. Promoter Jupiter Capital sold a 10.69% stake for Rs 829.72 crore in the transaction.
KSB shares rally 7% after securing Rs 118 crore export order for boiler feed pumps
KSB shares gained 7% after the company secured a $12.4-million export order from Dangote Projects Free Zone Enterprise for 18 boiler feed pump packages.
TCS, Wipro, other IT stocks rebound up to 6%, snapping 8-day losing streak. Why is Jefferies cautious?
IT stocks rebounded on Wednesday, with TCS, Wipro and Coforge snapping an eight-session losing streak. The Nifty IT index rose nearly 3%, aided by a stronger US dollar and higher US bond yields, though brokerages remain cautious ahead of the Q2 earnings season.
STL Networks shares jump 5% after emerging as L1 bidder for RailTel contract worth Rs 250 crore
STL Networks shares rose 5% after emerging as the lowest bidder for a Rs 249.8 crore RailTel contract to deploy cloud infrastructure at data centre and disaster recovery sites. The company is also planning a wholly owned subsidiary focused on data centres and connectivity. Its stock has gained sharply in recent months.
Avalon Tech shares fall 6% after Rs 883 crore block deal; 3 promoter entities likely sellers
Avalon Technologies shares sharply on Wednesday after an Rs 883 crore block deal involving 6.06% of the company’s equity. Three promoter entities were reported to be the likely sellers. The transaction is estimated to be worth between Rs 861.9 crore and Rs 922 crore.
Molbio Diagnostics shares rally 9% as Jefferies initiates ‘high conviction top pick’ call for recently listed stock. Why is it bullish?
Molbio Diagnostics shares jumped after Jefferies initiated coverage with a Buy rating and named it a high-conviction top pick. The brokerage set a Rs 1,600 target price, implying 27% upside from Tuesday’s close and nearly 98% above its Rs 807 IPO price. The stock had listed at a 21% premium at Rs 980.
Cupid shares rally 16% in two sessions. What’s behind the sharp uptick in the multibagger stock?
Cupid shares surged 7% after entering the Nifty Smallcap 250 index, extending gains to 16% in two sessions. The company has raised FY27 revenue and profit guidance following strong quarterly growth. Nuvama estimates around $10 million in potential inflows, while Cupid targets continued expansion across healthcare exports and consumer businesses.
Power Mech Projects shares rise 4% after company secures Rs 549 crore order from Adani Group firm
Power Mech Projects shares gained after securing a Rs 549.37-crore O&M order from Moxie Power Generation for its 2×600 MW Tuticorin thermal power plant, with the contract spanning five years.
Positive Breakout: These 8 stocks cross above their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed above their 200-day moving averages (DMA) on September 29, 2026, according to StockEdge’s technical scan data. The 200-day moving average (DMA) is used by traders as a key indicator for determining the overall trend of a stock. As long as a stock’s price remains above its […]