Markets News
NSE, Bharat Metal Exchange join hands for non-ferrous metal derivatives
NSE and Bharat Metal Exchange will jointly develop non-ferrous metal derivatives as SEBI proposes further easing of tech rules for market infrastructure institutions
 "NSE, Bharat Metal Exchange join hands for non-ferrous metal derivatives")
India's global IPO share at 6-year low following mega SpaceX listing
In the month of the Covid year, the share had fallen to less than 1 basis point
 "India's global IPO share at 6-year low following mega SpaceX listing")
Rupee snaps 6-day winning streak on US dollar demand from importers
Domestic currency weakens against the dollar as importer demand and IPO-linked outflows outweigh support from FCNR, ECB inflows and improving global risk sentiment
 "Rupee snaps 6-day winning streak on US dollar demand from importers")
New products may bridge Kirloskar Oil's valuation gap with Cummins India
KOEL's push into high-horsepower engines, data centres and exports could support growth and help narrow its valuation discount to market leader Cummins India
 "New products may bridge Kirloskar Oil's valuation gap with Cummins India")
MF stock reclassification: BSE, 8 other midcaps to qualify for largecaps
Amfi's upcoming half-yearly reclassification may see over 30 stocks change categories, with BSE and eight other midcaps likely to move into the largecap basket
 "MF stock reclassification: BSE, 8 other midcaps to qualify for largecaps")
Amber's success in smartphone foray depends on localisation, volumes
Analysts see opportunities from localisation and backward integration, but warn that intense competition, thin margins and execution risks could weigh on returns
 "Amber's success in smartphone foray depends on localisation, volumes")
Sebi mulls consolidating tech, cybersecurity norms across mkt institutions
Sebi proposes a unified IT framework for market infrastructure institutions to simplify compliance, remove duplication and strengthen cyber resilience
 "Sebi mulls consolidating tech, cybersecurity norms across mkt institutions")
Bharat Forge gains 2%, hits new high; what's driving stock price?
Bharat Forge secured a ₹425 crore contract from the Ministry of Defence to supply Gas Turbine Generators (GTGs) for the Indian Navy.
 "Bharat Forge gains 2%, hits new high; what's driving stock price?")
Stock Market Close: Sensex jumps over 292 pts, Nifty ends at 24,103; pharma, oil & gas shares shine
Sensex Today | Stock Market Highlights, Monday: In the broader markets, the Nifty MidCap and the Nifty SmallCap settled 0.34 per cent and 0.6 per cent higher, respectively
 "Stock Market Close: Sensex jumps over 292 pts, Nifty ends at 24,103; pharma, oil & gas shares shine")
AMFI rejig: Vedanta's new stocks in focus; check potential entrants
According to Nuvama Alternative & Quantitative Research, based on current market caps, Vedanta Aluminium (₹184,222 Cr) will be classified as the large cap.
 "AMFI rejig: Vedanta's new stocks in focus; check potential entrants")
Waterways Leisure IPO opens on June 23; GMP muted; should you subscribe?
Waterways Leisure IPO: Through its maiden public issue, the cruise tourism company aims to raise ₹585 crore via an entirely fresh issue of equity shares
 "Waterways Leisure IPO opens on June 23; GMP muted; should you subscribe?")
Volume buzzers: NOCIL, Subros, EMS, Kirloskar Ind, EPACK zoom up to 20%
NOCIL hit the 20% upper circuit on Monday on reports that the government imposed anti-dumping duties on imports of Sulphenamides Accelerators from China, the EU and the US for a period of five years.
 "Volume buzzers: NOCIL, Subros, EMS, Kirloskar Ind, EPACK zoom up to 20%")
'Indian financial firms to tap $1.5 billion overseas bonds this week'
India's top private lender, HDFC Bank, sold $750 million of five-year dollar bonds last week at a spread of about 90 basis points over US Treasuries
 "'Indian financial firms to tap $1.5 billion overseas bonds this week'")
Advit Jewels IPO GMP jumps to 46% before subscription starts; bid or avoid?
Advit Jewels IPO opens on June 23: here's the price band, lot size, GMP, review, allotment schedule, listing date and other key details for investors
 "Advit Jewels IPO GMP jumps to 46% before subscription starts; bid or avoid?")
Delhivery at 52-wk high, up 7% on strong FY27 view; JM Fin sees 20% upside
JM Financial said Delhivery is well-positioned for strong growth in the near to medium term, supported by a favourable industry structure.
 "Delhivery at 52-wk high, up 7% on strong FY27 view; JM Fin sees 20% upside")
Breakout stock: Religare Enterprises can jump up to 13%, says Bajaj Broking
Analysts at Bajaj Broking flag that Religare Enterprises has given a breakout on the weekly chart, with the stock price moving above a falling supply zone line.
 "Breakout stock: Religare Enterprises can jump up to 13%, says Bajaj Broking")
Jio IPO: Decoding strengths, risks in DRHP ahead of mega issue
As investors await further developments, here are the key strengths and risks outlined in the DRHP
 "Jio IPO: Decoding strengths, risks in DRHP ahead of mega issue")
Hotel stocks: Lemon Tree, ITC Hotels, Chalet soar up to 5%; here's why
The hospitality sector is expected to remain stable in FY27, supported by domestic leisure travel and MICE sector demand, with room rates likely to remain firm, said Indian Hotels Company.
 "Hotel stocks: Lemon Tree, ITC Hotels, Chalet soar up to 5%; here's why")
Urban Company gains 7% on huge volume; stock up 45% from March low
Urban Company stock price: The average trading volume at the counter more-than-doubled with a combined 14.13 million shares changing hands on the NSE and BSE in Monday's trade.
 "Urban Company gains 7% on huge volume; stock up 45% from March low")
Garden Reach shares rise 5% on Navratna status; here's what analysts say
Garden Reach Shipbuilders & Engineers is a defence public sector undertaking, under the administrative control of Ministry of Defence.
 "Garden Reach shares rise 5% on Navratna status; here's what analysts say")