Anand Rathi attributed the slowdown in the real estate sector to weaker hiring and salary growth, particularly in the IT sector, along with subdued capital market performance over the past two years.
Ban stocks are in the spotlight today as the RBI allowed domestic lenders to extend loans to non-residents against foreign currency deposits, including via their offshore branches.
According to Nomura, the ramp-up of cloud capacity has been slower than expected as customer handovers and testing are taking longer than anticipated, thus delaying revenue contribution from newly ins
IRFC share price today: Rajesh Palviya of Axis Securities said investor sentiment around IRFC has been subdued for a long time, and today's decline was primarily driven by the OFS announcement.
Among the sectoral indices, only Nifty Pharma settled in the green, up 0.92 per cent. The losses were led by Nifty Metal, which tumbled 3.2 per cent, followed by Nifty IT, down 1.2 per cent.
VK Vijayakumar has attributed the fall to a combination of factors, including sharp profit-taking, stretched valuations in AI and semiconductor-linked stocks, and elevated leverage in the system.
Analysts said that a combination of defensive buying, strong earnings visibility, export tailwinds, and sector rotation is driving the rally in pharma stocks.
According to Nuvama Alternative & Quantitative Research, based on current market caps, Vedanta Aluminium (₹184,222 Cr) will be classified as the large cap.
Kirloskar Oil Engines has announced a significant order from HyperNext, a next-generation digital infrastructure company focused on delivering hyperscale-ready, AI-enabled data centre solutions.
Redington share price today: Redington is one of Apple's key distribution and supply chain partners in India. It distributes iPhones, iPads, MacBooks and other Apple products in the country.
Market Crash Today: IT stocks fell up to 8 per cent after Accenture lowered its annual revenue growth forecast. The Nifty IT index crashed 6.4% to 26,634.50 -- its lowest level since April 21, 2023.
Investec noted that gold NBFCs are dependent on the gold price, with negligible volume growth. It expects a 12 per cent gold price appreciation in line with long-term history.
As per the India-UK FTA, New Delhi will be reducing duty on UK whisky and gin from 150 per cent to 75 per cent and further to 40 per cent in the tenth year of the deal.
NSE IPO: New India Assurance will offload up to 10,500,000 equity shares of face value of ₹1 each. The weighted average cost of acquisition of equity shares for the company is ₹0.32.
