Markets News

Stock Market Close: Sensex falls 114 pts; Nifty ends at 23618 as rupee hits new low; IT stocks shine

Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.91 and 1.17 per cent higher, respectively

Capital Market index hits 52-week high; Angel One soars 7%, MCX at new peak

Since the start of April 2026, the Nifty Capital Market index has outperformed the market by soaring 31 per cent, as compared to 6.2 per cent rise in the Nifty 50

Non-discretionary PMS clients can pledge securities held in demat: Sebi

The market regulator said clients of non-discretionary portfolio management services may pledge securities for loans if the decision is taken independently and for their own benefit

Vodafone Idea: Analysts see limited headroom despite AGR relief, fund raise

One of major positives for Vodafone Idea, recently, has been the government's reassessment of AGR liabilities, which reduced Vodafone Idea's AGR dues to ₹64,000 crore from ₹87,700 crore

Advait Energy signs MoU with TECO Fuel Cell in Norway; stock gains 3%

Advait Energy Stock: The company entered into a Memorandum of Understanding (MoU) with TECO Fuel Cell Technology AS, Norway, during the 3rd India-Nordic Summit held in Oslo, Norway, on May 18, 2026

Triveni Turbine shares soar 10% on record Q4 revenue, strong order inflows

Triveni Turbine reported its highest ever quarterly revenue at ₹680 crore, up 26.3 per cent compared to ₹538 crore in the year-ago period

Ashish Kacholia-backed Fineotex Chemical shares rally 13% on strong Q4

For the January to March quarter of FY2026, Fineotex Chemical reported a 118 per cent Y-o-Y rise in its consolidated PAT to ₹43.79 crore. Its revenue grew by 162 per cent Y-o-Y to ₹313.73 crore.

Radico Khaitan up 6%, nears 52-wk high; JM Fin retains 'buy' for 13% upside

JM Financial has maintained a 'Buy' rating on Radico Khaitan shares and revised the target price to ₹3,945 (55x March'28E) versus ₹3,470.

Fuel price rise impact: Consumption stocks may bear the brunt, say analysts

While companies have started to pass input cost rise to consumers, inflation, according to G Chokkalingam, founder and head of research at Equinomics Research has not become a major issue yet.

IIFL Capital initiates coverage on Aye Finance with 'Buy', sees 40% upside

IIFL Capital expects the company to deliver a 27 per cent AUM CAGR over FY26-FY29, while profit after tax (PAT) is projected to grow at a stronger 44 per cent CAGR

KPI Green Energy gains 5% after securing 120 MW BESS order from GUVNL

The stock advanced after KPI Green's subsidiary Sun Drops Energia executed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL)

OFSS jumps 6% to 15-month high, up 60% from March lows; buy, sell or hold?

Share price of Oracle Financial Services Software, a majority-owned subsidiary of Oracle, rallied 6% to ₹10,000.50, its highest level since January 24, 2025, on the BSE in Tuesday's intra-day trade.

Eternal better placed than Swiggy post fuel hike, says Elara; check targets

The brokerage has, however, reaffirmed its 'Buy' rating on Eternal with a target price of ₹400 per share, and on Swiggy with a target price of ₹360 per share

Shipping stocks: GE Shipping, Seamec zoom up to 14%; here's why

Thus far in calendar year 2026, GESCO (up 59 per cent), and Shipping Corporation of India and Seamec (up 51 per cent each) have outperformed the market as against 11.2 per cent decline in BSE Sensex

Nifty IT extends gains for third session, up 8%; check top picks by analyst

Prashanth Tapse of Mehta Equities said that while IT stocks have seen some improvement in price, the broader fundamentals of the sector remain challenging due to relatively subdued growth expectations

Puravankara zooms 17% on Q4 profit turnaround; revenue up 177% YoY

In the March quarter (Q4FY26), Purvankara reported a net profit of ₹110 crore, as compared to a net loss of ₹88 crore a year ago

Afcons Infra tanks 9% on posting weak Q4 results; revenue down 19% YoY

In the March quarter (Q4FY26), Afcons Infra reported a net loss of ₹89 crore, as compared to a net profit of ₹111 crore a year ago

JK Paper gains 7% on posting strong Q4 results; revenue up 17% YoY

In the March quarter (Q4FY26), JK Paper reported a net profit of ₹90.19 crore, as compared to ₹66.14 crore a year ago

Deccan Gold Mines jumps 13% to hit 52-week high; check what's aiding rally

Microscopic analysis, the company said, has confirmed the presence of pentlandite (nickel sulphide), chalcopyrite (copper sulphide), and pyrrhotite sulphides, providing further geological validation

Uno Minda drops 6% as management avoids FY27 guidance; analysts cut target

Uno Minda shares fell nearly 6 per cent after the company withheld FY27 growth guidance amid geopolitical uncertainty. Emkay downgraded the stock, citing slower growth and margin pressure