Page 2 - Markets News
IndiGo, SpiceJet shares rally up to 8% on easing oil prices
Notably, airline companies benefit from lower fuel prices, as aviation turbine fuel (ATF) accounts for a significant portion of their operating costs
 "IndiGo, SpiceJet shares rally up to 8% on easing oil prices")
Petronet LNG, IGL, GAIL jump up to 6% on Iran war easing hopes
US President Donald Trump said the war against Iran was "very complete", adding that the US is considering taking control of the Strait of Hormuz
 "Petronet LNG, IGL, GAIL jump up to 6% on Iran war easing hopes")
Fertiliser stocks in demand: RCF, Chambal, Deepak, GSFC, GNFC zoom upto 12%
US-Iran war impact: West Asian nations are key suppliers of major fertilisers as well as raw materials for fertiliser manufacturing like sulphur, ammonia etc.
 "Fertiliser stocks in demand: RCF, Chambal, Deepak, GSFC, GNFC zoom upto 12%")
Nomura retains confidence in Indian steel cos; Tata, JSW among top picks
Among sector players, Nomura has maintained Buy recommendations on Tata Steel with a target price of ₹220 per share, JSW Steel at ₹1,340, Jindal Steel at ₹1,280, and Lloyds Metals & Energy at ₹1,600
 "Nomura retains confidence in Indian steel cos; Tata, JSW among top picks")
Middle East crisis to boost defence demand; Motilal Oswal favours 4 stocks
Motilal Oswal Financial Services has a 'Buy' rating on Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Astra Microwave Products
 "Middle East crisis to boost defence demand; Motilal Oswal favours 4 stocks")
Minda Corp shares advance 5% as unit forms JV with UK's Turntide Drives
Under the proposed shareholding structure, Spark Minda Green Mobility Systems will hold a 49 per cent stake in the venture, while Turntide Drives will own the remaining 51 per cent
 "Minda Corp shares advance 5% as unit forms JV with UK's Turntide Drives")
Gold, silver ETFs gain up to 4% as precious metals rise amid weak dollar
At 10:48 AM, among others, DSP Silver ETF and Axis Silver ETF up 4 per cent each
 "Gold, silver ETFs gain up to 4% as precious metals rise amid weak dollar")
BNP Paribas sees up to 83% upside in Eternal, Swiggy; says buy the dip
Analysts at BNP Paribas said Eternal and Swiggy shares are attractive after the correction, projecting strong upside in stocks, as AI disruption and competition risks appear overstated
 "BNP Paribas sees up to 83% upside in Eternal, Swiggy; says buy the dip")
Hinduja Global Solutions shares jump 16% on UP MoU for Project GANGA
The State Transformation Commission of the Uttar Pradesh government signed an MoU with OneOTT Intertainment Ltd. (OIL), the broadband arm of Hinduja Global Solutions
 "Hinduja Global Solutions shares jump 16% on UP MoU for Project GANGA")
ABB India gains 4% on ₹620 cr investment plan; stock up 19% so far in CY26
ABB India share: Capacity expansion and new R&D labs should enhance technological capabilities, support export opportunities, and improve long-term growth visibility, says ICICI Securities.
 "ABB India gains 4% on ₹620 cr investment plan; stock up 19% so far in CY26")
Tejas Networks jumps 9% after 3-day fall; what's behind the rally?
Tejas Networks stock was trading at ₹461.20, 35.10 points or 8.24 per cent against the previous session's close of ₹426.10
 "Tejas Networks jumps 9% after 3-day fall; what's behind the rally?")
Solex Energy shares gain 8% on ALMM capacity addition approval
Solex Energy received approval for capacity addition under the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy
 "Solex Energy shares gain 8% on ALMM capacity addition approval")
Crypto rally lifts BTC to $70k, ETH $2k; analysts cite market resilience
Crypto Market: Meanwhile, early signs of capital rotation are emerging as inflows into Bitcoin investment products resume, while some profit-taking appears to be occurring in gold
 "Crypto rally lifts BTC to $70k, ETH $2k; analysts cite market resilience")
Swan Defence slips 4% as promoter proposes to sell 5.01% stake via OFS
The selling pressure came after the promoter, Hazel Infra, proposed to sell 5.01 per cent of equity shares through offer for sale (OFS)
 "Swan Defence slips 4% as promoter proposes to sell 5.01% stake via OFS")
Natco rallies 5%, nears 52-week high; what's driving pharma stock?
In the past four trading days, the stock price of Natco Pharma has surged 10 per cent after the company announced the launch of Pomalidomide Capsules (generic of Pomalyst) in the US market.
 "Natco rallies 5%, nears 52-week high; what's driving pharma stock?")
Ambuja Cements shares gain 3% on positive outlook; Centrum sees 44% upside
Ambuja Cements' stock rose as much as 3.04 per cent during the day to ₹465.7 per share, the biggest intraday gain since February 3 this year
 "Ambuja Cements shares gain 3% on positive outlook; Centrum sees 44% upside")
Arvind SmartSpaces jumps 9% as Pirojsha Godrej buys stake via bulk deal
The stock was in demand the day after Pirojsha Adi Godrej, Executive Chairman of Godrej Properties, acquired shares through a bulk deal on BSE
 "Arvind SmartSpaces jumps 9% as Pirojsha Godrej buys stake via bulk deal")
Sensex jumps 800 pts; Nifty tops 24,300 intraday; key reasons here
The Nifty index rose as much as 1.15 per cent, or 275 points, to 24,303.8, while the 30-stock Sensex advanced 1.04 per cent, or 809 points, to 77,566.16
 "Sensex jumps 800 pts; Nifty tops 24,300 intraday; key reasons here")
Axis Direct upgrades Coal India to 'Buy'; sees demand tailwinds ahead
Axis Direct expects a pick-up in power demand going into the summer season, providing a tailwind to Coal India's volumes. It has hiked Coal India share price target to ₹500
 "Axis Direct upgrades Coal India to 'Buy'; sees demand tailwinds ahead")
Infosys, HCL Tech FY27 guidance may steer IT stocks amid AI fears: HSBC
With AI concerns continuing to put pressure on Indian IT stocks, analysts at HSBC expect Infosys and HCLTech's FY27 guidance could be the key catalyst for the sector
 "Infosys, HCL Tech FY27 guidance may steer IT stocks amid AI fears: HSBC")