Page 7 - Markets News

Colgate Palmolive shares surge 7.6% as GST relief boosts FMCG optimism

The Goods and Services Tax Council has approved a series of changes to input tax credit rules, widening the range of business expenses eligible for credit

ITC stock rallies 5%, sees sharpest intraday rally in 6 months; here's why

Top buyers in ITC's block deal on Thursday: Fidelity Advisor Series VIII-Fidelity Advisor Overseas Fund, ICICI Prudential MF, SBI MF, Nippon India MF and Citigroup Global Markets Singapore Pte.

Torrent Power tanks 35% from April high; stock hits 31-month low

Motilal Oswal Financial Services initiated coverage on Torrent Power with a Neutral rating and a sum-of-the-parts (SoTP)-based target price of ₹1,270.

KEC Int'l: Why Kotak upgraded stock to 'Add' despite 60% fall in a year

Rising traction in the cables and wires business, along with a strong T&D opportunity pipeline in India, makes KIE bullish on KEC International's stock.

NCC shares rise 5% on securing ₹1,286 crore road project order in Telangana

NCC has received a Letter of Acceptance (LoA) from Hyderabad Growth Corridor Limited for a road construction project worth ₹1,286.03 crore in Telangana.

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.

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.

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.

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.

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.

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

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

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.

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.

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.

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.

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.

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.

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.

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.