Page 6 - Markets News
Gold may draw support from decline in Oct Fed rate hike bet: Mirae Asset
Spot gold has been under tremendous selling pressure due to surging real yields and strong US Dollar.
 "Gold may draw support from decline in Oct Fed rate hike bet: Mirae Asset")
Silver may trade at $58-$61 as dollar, yields weigh, says Mirae Asset
In near-term, silver is likely to range trade between $58 and $61. Interim resistance is at $60. Major hurdle is at $64.50.
 "Silver may trade at $58-$61 as dollar, yields weigh, says Mirae Asset")
NSDL hits new low, down 8% vs IPO; CDSL up 748%; analysts decode divergence
NSDL hit a new lifetime low on Friday; the stock shed 7% in FY27 and was down 48% from its peak. CDSL gained 13% so far this fiscal but has declined 38% from its December 2024 summit.
 "NSDL hits new low, down 8% vs IPO; CDSL up 748%; analysts decode divergence")
HDFC Bank, SBI, Federal, Canara Bank up 2%; what's driving banking stocks?
Analysts at Kotak Institutional Equities believe the rate hike cycle poses limited risk for banks, given healthy balance sheets, tighter underwriting standards and stronger borrower fundamentals.
 "HDFC Bank, SBI, Federal, Canara Bank up 2%; what's driving banking stocks?")
Market share gains make Jefferies bullish on Kalyan; stock up 46% in 3 mths
Jefferies noted that Kalyan Jewellers is among India's largest organised jewellery retailers, with over 500 showrooms globally and 7 per cent share of the organised jewellery market.
 "Market share gains make Jefferies bullish on Kalyan; stock up 46% in 3 mths")
Absence of AI in equities will become India's strength in a year: CEA
Nageswaran said foreign investors could return to Indian equities if the AI boom falters, citing strong growth, manageable external deficits and healthier corporate balance sheets
 "Absence of AI in equities will become India's strength in a year: CEA")
TCS Q2 review: Analysts flag weak margins amid steady growth; stock up 5.6%
TCS reported a net profit of ₹13,884 crore for Q2FY27, up 14.9 per cent year-on-year from ₹12,075 crore in Q2FY26. Revenue for the company grew 11.2 per cent in reported terms at ₹73,188 crore
 "TCS Q2 review: Analysts flag weak margins amid steady growth; stock up 5.6%")
Thermax share price soars 7% on renewal energy arm stake sale buzz
According to reports, Thermax plans to divest over 51% stake in its renewable energy subsidiary First Energy, with an estimated enterprise value of ₹3,000 crore.
 "Thermax share price soars 7% on renewal energy arm stake sale buzz")
Info Edge shares jump over 4% on Q2 biz update; billings rise 12.8% YoY
Info Edge reported a 12.8 per cent year-on-year increase in its standalone billings to ₹822.3 crore for the second quarter ended September 30, 2026.
 "Info Edge shares jump over 4% on Q2 biz update; billings rise 12.8% YoY")
Analysts caution TCS pullback may be short-lived; flag key levels to track
Hitesh Tailor, technical analyst at Choice Broking flags that the TCS stock trades below key EMAs on the daily and weekly charts, and expects strong resistance between ₹2,250-2,330 levels.
 "Analysts caution TCS pullback may be short-lived; flag key levels to track")
Hospital stocks: Why have Fortis, Apollo, Max, Yatharth rallied up to 5%?
According to reports, the Centre has decided to cap trade margins for all non-scheduled anti-cancer drugs at 30 per cent of the MRP.
 "Hospital stocks: Why have Fortis, Apollo, Max, Yatharth rallied up to 5%?")
Hexaware Technologies share price zooms 12% on Anthropic tie-up
Hexaware Technologies has signed a multi-year partnership with Anthropic. Under the partnership, Hexaware becomes a Preferred Partner in Anthropic's Claude Partner Network.
 "Hexaware Technologies share price zooms 12% on Anthropic tie-up")
IT sector defies US green card suspension worries to rally 3%; here's why
IT stocks: All index constituents traded in the green, buoying the 10-stock Nifty IT 3.13 per cent to 28,604 during the intraday session.
 "IT sector defies US green card suspension worries to rally 3%; here's why")
Will Nifty register its 9th straight weekly loss? Here's what analysts say
At current levels, the NSE Nifty is on course to log its longest (9th) weekly losing streak since April 2001, shows market data. Technical analyst expect support around the psychological 22,000-mark.
 "Will Nifty register its 9th straight weekly loss? Here's what analysts say")
Stocks to watch: TCS, Infosys, Wipro, Anand Rathi, KEC Int'l, NCC, BEML
Stocks to watch today: Anand Rathi, Canara Robeco, Can Fin Homes, and Poonawalla Fincorp are among the companies slated to post their Q2 results today.
 "Stocks to watch: TCS, Infosys, Wipro, Anand Rathi, KEC Int'l, NCC, BEML")
Global shares slip as oil prices jumps and bond yields remain high
Wall Street's main indexes fell, with the S&P 500 down about 0.5% and the Nasdaq off nearly 1.3%
 "Global shares slip as oil prices jumps and bond yields remain high")
Agrichem majors face earnings cuts as weak demand, higher costs weigh
Brokerages expect weak Q2FY27 earnings for agrichem firms as deficient rainfall, subdued demand and elevated input costs squeeze margins, prompting earnings downgrades
 "Agrichem majors face earnings cuts as weak demand, higher costs weigh")
India-US bond yield spread stays near 22-year low despite RBI rate hike
Faster rise in US Treasury yields is narrowing the gap, potentially deterring foreign investors and keeping the rupee under pressure
 "India-US bond yield spread stays near 22-year low despite RBI rate hike")
Weak execution, order momentum for infrastructure firms in Q2FY27
Monsoon disruptions, higher input costs and geopolitical tensions weigh on infrastructure firms' Q2FY27 performance, though strong order books provide revenue visibility
 "Weak execution, order momentum for infrastructure firms in Q2FY27")
Markets tumble to 18-month low as US-Iran tensions lift crude oil
Nifty slides 1.64% as rising crude prices, higher US Treasury yields and geopolitical tensions trigger broad-based selling
 "Markets tumble to 18-month low as US-Iran tensions lift crude oil")