Saloni Goel

Sensex zooms 730 pts intraday, Nifty reclaims 24K: What's driving markets?

The BSE barometer Sensex rallied 730 points or 0.95 per cent to 76,883, while the Nifty 50 index gained 132 points or 0.55 per cent to reclaim 24,000. The index hit the day's peak of 24,005.

Can UltraTech's cables & wire foray charge up its shares? What analysts say

Brokerages believe the positioning appears more aggressive than initially envisaged, also tallying with Grasim's rollout in paints, and could add materially to UltraTech's FY30 revenue.

Bumper debut! ESDS Software shares list at 76% premium over IPO price

ESDS Software's share price listed at ₹757 apiece on the National Stock Exchange (NSE) as against the offer price of ₹429, a premium of 76.46 per cent.

ESDS Software, Priority Jewels investors eye 15-50% listing pop on debuts

ESDS Software is expected to outpace Priority Jewels in terms of listing gains even though both offers garnered bids of over 100 times.

Adani Power: 3 key reasons why MOFSL is bullish on this Adani group stock

Adani Power share: The brokerage assigned a target price of ₹250 to Adani Power shares, valuing the company at 16x FY29E Ebitda, investments add ₹1 per share.

Bond yields spike globally: What should be your fixed income strategy?

Growing inflation fears and expectations of monetary tightening by central bankers due to the spike in global oil prices are among the key drivers of the yields.

Coforge, OFSS defy ₹6 trillion rout in IT stocks, rally up to 59% YTD

Analysts believe stronger earnings visibility and company-specific growth drivers have managed to drive this outperformance.

Nifty Auto tanks 2%; Eicher, Hero Moto top losers: What's behind the fall?

The auto pack delivered a strong performance in August on a yearly basis, with growth momentum sustaining across segments and players; however, some moderation was visible month-on-month, said Emkay.

Markets are cyclical; it's a good time to invest: Deepak Shenoy

Markets are cyclical and therefore will give you outsized returns in one year and undersized returns in another year. It's never always the same.

Titan to Kalyan: Jewellery stocks tank up to 7%; what dented their sheen?

Analysts attribute the decline in most jewellery stocks to profit booking by investors and an appeal by PM Modi to avoid buying gold if not needed.

Deepa Jewellers IPO: Growth & valuations lift long-term appeal, say experts

Deepa Jewellers IPO also commands a healthy grey market premium (GMP), increasing its appeal for investors. That said, certain risks like weak margins and customer concentration linger.

Milky Mist zooms 9.5% as Q1 profit surges multi-fold, up 65% over IPO price

Milk Mist, which listed on the bourses on August 18 after a solid response to its initial public offering (IPO), trades 65 per cent above its offer price of ₹140 based on today's intraday high.

Skyways Air Services shares defy GMP expectations, list at 10% discount

Skyways Air Services' shares debuted at ₹124 apiece on the National Stock Exchange, a 10.14 per cent discount to the initial public offer (IPO) price of ₹138 apiece.

Paytm, TaMo: Emkay picks 15 stocks as high US yields reshape India strategy

Low-growth companies will not find favour, and better visibility of stronger growth over the medium term becomes a prerequisite to lure global investors, said Emkay.

Nifty IT tanks 2%; Infosys, Wipro top losers: What's behind the weakness?

So far this month, the IT index remains unchanged. In July, it recorded its best gain in six months following a 17 per cent rise.

Yatharth Hospital gains 6% to new high as Aster, Advent eye majority stake

Advent International and Blackstone-backed Aster DM Quality Care are in discussions to acquire a controlling stake in Yatharth Hospital.

ESDS Software IPO sails through on 1st day, GMP at 77%; check reviews

ESDS Software Solution IPO price band is at ₹408 to ₹429 per share. Investors can apply in lots of 34 shares.

Tata group stock Tejas Networks zooms 13% on ₹1,537-cr order win from TCS

Tejas Networks' share price opened at ₹540.60 on the BSE today as against the last closing price of ₹510.85 apiece. Soon after it rallied to the intraday peak of ₹576.80.

Markets not yet pricing in rate hike possibility: Aditya Khemka, InCred

A rate hike expectation should have taken the valuation below its historical average, as the earnings growth for the Nifty 50 has been below the historical average, says Khemka.

Ashika bullish on defence pack on global rearmament wave; favours BEL, HAL

The Nifty India Defence index is up 27 per cent on a year-to-date (Y-T-D) basis. It remains higher by 30 per cent in a year.