Nomura names GE Vernova, CG Power, 4 others among top plays on India’s decadal data centre opportunity
India’s data centre industry is entering a rapid growth phase, driven by digitalisation, cloud adoption and AI demand, according to Nomura. The brokerage sees strong opportunities for industrial equipment makers supplying critical infrastructure, with GE Vernova T&D India and CG Power emerging as key beneficiaries of expanding data centre investments and capacity additions.
Vedanta shares fall after media reports of ED searches at Mumbai, Delhi office
Vedanta shares dipped over 1% following reports of Enforcement Directorate searches at its offices concerning royalty payments to its parent company. This comes after a significant corporate restructuring involving the demerger of several business units. Despite recent rating upgrades, the stock remains under scrutiny.
Groww, Lenskart, 9 other stocks among Motilal’s non-Nifty ideas. Check full list
Motilal Oswal has revealed its top non-Nifty stock picks. The brokerage anticipates robust earnings growth for these companies. Key names include ICICI Prudential AMC, TVS Motor, and Dixon Technologies. Delhivery shows the highest projected earnings expansion. Investors can explore these opportunities for potential gains.
NHPC shares tumble 5% as govt’s OFS worth up to Rs 4,300 crore opens at 8% discount. Check details
NHPC Share Price: NHPC shares saw a significant drop of nearly 5 percent. This decline followed the government’s launch of an offer for sale. The government plans to divest up to a 6 percent stake in the public sector undertaking. The offer opened for non-retail investors on Tuesday. The floor price was set at Rs […]
Relentless Selloff: FIIs pull out 10 years’ worth of India equity inflows
Foreign investors’ cumulative net equity investments in India have fallen to their lowest level since 2016 after sustained selling, underscoring weakening appeal for the country’s $4.9 trillion stock market. Net FPI investments stood at Rs 7.3 lakh crore as of June 1. Rising oil prices, concerns over economic growth, and a global shift toward AI-linked […]
India’s domestic growth story still strong despite global headwinds: Rajeev Agrawal
Global markets face uncertainty. Rajeev Agrawal from DoorDarshi India Fund sees India’s economy as resilient. He focuses on domestic businesses less affected by global shocks. Real estate, banking, and renewable energy are highlighted as attractive sectors. Foreign investment remains a challenge, but long-term optimism persists due to strong domestic demand and demographics.
Anant Raj shares rally 5% after signing Rs 25,000 crore Haryana Data Centre MoU
Anant Raj’s shares surged after announcing a significant partnership with the Government of Haryana to boost the state’s digital infrastructure. The real estate developer plans to invest Rs 25,000 crore in data centers and cloud services, aiming to position Haryana as a major hub for next-generation digital investments.
IT rally rages on! Infosys, TCS, other stocks jump up to 4% despite overall market weakness
Indian IT stocks, including Infosys and TCS, surged over 3% on Tuesday, extending a three-day rally despite a broader market decline. This rebound follows an earlier sell-off triggered by AI advancements, with investors now seeing value in the sector’s potential to adapt and integrate new technologies.
Wockhardt shares pause massive 36% rally in 5 sessions; slip 7%. What’s behind the selloff?
Wockhardt shares dropped after a recent surge, as investors took profits. This followed the US FDA approval of ZAYNICH, an antibiotic for urinary tract infections. The company also reported a strong turnaround in its March quarter results. Revenue and profit saw significant year-on-year growth. Biotech operations were a key driver of this improved performance.
Silver, gold open flat as investors assess Iran war peace deal uncertainty. Where are precious metals headed?
Gold and silver prices were largely steady on MCX on Tuesday, with gains capped by a stronger U.S. dollar and higher crude oil prices as markets awaited U.S. President Donald Trump’s decision on extending the Iran ceasefire. MCX silver futures for July 2026 rose Rs 167 to Rs 2,66,350 per kg, while gold futures for […]