Page 18 - Markets News
Steel cos to face near-term headwinds, warns Elara Capital; flags 4 reasons
Elara expects steel companies to face near-term headwinds, driven by softer steel prices alongside rising raw material costs, which are likely to result in margin compression in Q3FY26
 "Steel cos to face near-term headwinds, warns Elara Capital; flags 4 reasons")
Oil market straddles geopolitics, EV shift; WTI seen at $54-57 in Q1 2026
Oil price outlook: The most significant downward pressure on oil prices this month stems from renewed optimism regarding the conflict in Ukraine.
 "Oil market straddles geopolitics, EV shift; WTI seen at $54-57 in Q1 2026")
Asian shares mixed as Trump orders blockade of oil tankers to Venezuela
Tokyo's Nikkei 225 shed 0.3 per cent to 49,237.58. Traders awaited a decision on an interest rate hike by the Bank of Japan later in the week
 "Asian shares mixed as Trump orders blockade of oil tankers to Venezuela")
PSU banks in focus; SBI, Canara Bank gain 2% in subdued market; here's why
As of 10:45 AM, the Nifty PSU Bank index was up 1 per cent, as compared to a 0.16 per cent decline in the Nifty 50.
 "PSU banks in focus; SBI, Canara Bank gain 2% in subdued market; here's why")
Meesho shares jump 19%, extend gains to nearly 90% over IPO price
Meesho stock rose as much as 19 per cent during the day to a new high of ₹214.4 per share, the best session since listing on December 10 this year
 "Meesho shares jump 19%, extend gains to nearly 90% over IPO price")
Emkay sees ENBD deal transforming RBL Bank; retains 'Buy,' raises target
RBL Bank's management indicated that regulatory approvals for the deal are expected by mid-Q4FY26
 "Emkay sees ENBD deal transforming RBL Bank; retains 'Buy,' raises target")
Aditya Birla Real Estate up 3% as CCI clears paper & pulp biz sale to ITC
e buying on the counter came after the CCI approved ITC's acquisition of Aditya Birla Real Estate's pulp and paper business
 "Aditya Birla Real Estate up 3% as CCI clears paper & pulp biz sale to ITC")
Ahluwalia Contracts share price rises 5% on winning ₹888 crore order
Ahluwalia Contracts (India) share price jumped over 7% in Wednesday's session. As of now, the stock price pared gains and was trading 3.61% higher at ₹986.51 apiece.
 "Ahluwalia Contracts share price rises 5% on winning ₹888 crore order")
eClerx Services shares rise 4% on increasing buyback price to ₹4,800
The maximum number of equity shares proposed to be bought back by the company has been consequently reduced to 6,25,000, representing up to 1.31 per cent stake
 "eClerx Services shares rise 4% on increasing buyback price to ₹4,800")
Centrum Broking initiates with 'Buy' on KFin Tech; Check outlook, target
Centrum Broking initiated coverage on KFin Tech with a 'Buy' rating and a target price of ₹1,330, an upside potential of 28.5 per cent from Tuesday's closing price.
 "Centrum Broking initiates with 'Buy' on KFin Tech; Check outlook, target")
Nephrocare Health makes positive D-street debut; shares list at 6% premium
Nephrocare Health share opened its maiden session on the BSE at ₹491.70 per share, reflecting a premium of ₹31.70, or 6.89 per cent, over the issue price of ₹460 per share.
 "Nephrocare Health makes positive D-street debut; shares list at 6% premium")
Park Medi World makes muted debut, lists at 4% discount; miss GMP estimates
Park Medi World shares opened at ₹158.80 on the NSE, a discount of ₹3.2 or 2 per cent from the issue price of ₹162
 "Park Medi World makes muted debut, lists at 4% discount; miss GMP estimates")
Indraprastha Gas jumps 6% as Nomura upgrades stock on easing gas prices
On the bourses, IGL share price rallied up to 5.54 per cent to an intraday high of ₹193.35 per share, while MGL share price rose up to 4.22 per cent to an intraday high of ₹1,159.25.
 "Indraprastha Gas jumps 6% as Nomura upgrades stock on easing gas prices")
Stocks to Watch today, Dec 17: Ola Electric, Vedanta, HDFC Bank, Akzo Nobel
Stocks to Watch today, December 17, 2025: From Ola Electric to Vedanta, here is a list of stocks that will be on traders' and investors' radar
 "Stocks to Watch today, Dec 17: Ola Electric, Vedanta, HDFC Bank, Akzo Nobel")
Akzo Nobel tumbles most since March 2020 after 10.7% equity block trade
Akzo Nobel shares tumbled after about 4.88 million shares or 10.7 per cent equity traded hands in a block, according to Bloomberg data.
 "Akzo Nobel tumbles most since March 2020 after 10.7% equity block trade")
Vedanta surges 5% in 2 days after NCLT approves demerger; brokerages upbeat
Brokerages believe Vedanta's demerger represents a value unlocking event with high growth Aluminium and Power business expected to command better valuations.
 "Vedanta surges 5% in 2 days after NCLT approves demerger; brokerages upbeat")
Shriram Finance up 3%, hits record as board to consider fundraise on Dec 19
At 9:35 AM, Shriram Finance share price was trading at ₹868, up 2.33 per cent. In comparison, BSE Sensex was trading 0.19 per cent higher at 84,843.85 levels.
 "Shriram Finance up 3%, hits record as board to consider fundraise on Dec 19")
Gujarat Kidney IPO opens on Dec 22: Check key dates, price band, objective
Gujarat Kidney and Super Speciality aims to raise ₹250.8 crore through a fresh 22 million equity shares
 "Gujarat Kidney IPO opens on Dec 22: Check key dates, price band, objective")
Astra Microwave set for growth; Motilal Oswal initiates coverage with 'Buy'
The brokerage views the company as a long-term investment in defense electronics, expecting its revenue growth to accelerate between FY27 and FY30
 "Astra Microwave set for growth; Motilal Oswal initiates coverage with 'Buy'")
AI to power next leg of IT growth, says Motilal Oswal; check top bets
Its top ideas to play the next AI wave are HCLTech and Tech Mahindra in largecaps and Hexaware and Coforge in the midcap space
 "AI to power next leg of IT growth, says Motilal Oswal; check top bets")
