Page 8 - Markets News

Non-discretionary PMS clients can pledge securities held in demat: Sebi

The market regulator said clients of non-discretionary portfolio management services may pledge securities for loans if the decision is taken independently and for their own benefit

Mutual funds' IT exposure at eight-year low amid AI, growth worries

IT stocks now account for just 6.7% of MF equity holdings, the lowest in eight years: Report

SME IPO market rebounds in May despite slowdown in mainboard listings

SME IPO activity has rebounded in May despite subdued mainboard markets, supported by retail participation and improved quality of issuers

ICICI Pru AMC launches 2 funds; Wealth Company signs up for EGR segment

ICICI Prudential AMC introduced two specialised investment funds with long-short strategies, while The Wealth Company signed up for NSE's Electronic Gold Receipts segment

Vodafone Idea: Analysts see limited headroom despite AGR relief, fund raise

One of major positives for Vodafone Idea, recently, has been the government's reassessment of AGR liabilities, which reduced Vodafone Idea's AGR dues to ₹64,000 crore from ₹87,700 crore

Global stocks mixed, Brent falls 1.1% as Trump pauses plan to attack Iran

Trump said there was a "very good chance" the US could reach an agreement with Iran to prevent Tehran from obtaining a nuclear weapon

Stock Market Close: Sensex falls 114 pts; Nifty ends at 23618 as rupee hits new low; IT stocks shine

Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.91 and 1.17 per cent higher, respectively

Capital Market index hits 52-week high; Angel One soars 7%, MCX at new peak

Since the start of April 2026, the Nifty Capital Market index has outperformed the market by soaring 31 per cent, as compared to 6.2 per cent rise in the Nifty 50

Advait Energy signs MoU with TECO Fuel Cell in Norway; stock gains 3%

Advait Energy Stock: The company entered into a Memorandum of Understanding (MoU) with TECO Fuel Cell Technology AS, Norway, during the 3rd India-Nordic Summit held in Oslo, Norway, on May 18, 2026

Triveni Turbine shares soar 10% on record Q4 revenue, strong order inflows

Triveni Turbine reported its highest ever quarterly revenue at ₹680 crore, up 26.3 per cent compared to ₹538 crore in the year-ago period

Ashish Kacholia-backed Fineotex Chemical shares rally 13% on strong Q4

For the January to March quarter of FY2026, Fineotex Chemical reported a 118 per cent Y-o-Y rise in its consolidated PAT to ₹43.79 crore. Its revenue grew by 162 per cent Y-o-Y to ₹313.73 crore.

Radico Khaitan up 6%, nears 52-wk high; JM Fin retains 'buy' for 13% upside

JM Financial has maintained a 'Buy' rating on Radico Khaitan shares and revised the target price to ₹3,945 (55x March'28E) versus ₹3,470.

IIFL Capital initiates coverage on Aye Finance with 'Buy', sees 40% upside

IIFL Capital expects the company to deliver a 27 per cent AUM CAGR over FY26-FY29, while profit after tax (PAT) is projected to grow at a stronger 44 per cent CAGR

KPI Green Energy gains 5% after securing 120 MW BESS order from GUVNL

The stock advanced after KPI Green's subsidiary Sun Drops Energia executed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL)

OFSS jumps 6% to 15-month high, up 60% from March lows; buy, sell or hold?

Share price of Oracle Financial Services Software, a majority-owned subsidiary of Oracle, rallied 6% to ₹10,000.50, its highest level since January 24, 2025, on the BSE in Tuesday's intra-day trade.

Eternal better placed than Swiggy post fuel hike, says Elara; check targets

The brokerage has, however, reaffirmed its 'Buy' rating on Eternal with a target price of ₹400 per share, and on Swiggy with a target price of ₹360 per share

Shipping stocks: GE Shipping, Seamec zoom up to 14%; here's why

Thus far in calendar year 2026, GESCO (up 59 per cent), and Shipping Corporation of India and Seamec (up 51 per cent each) have outperformed the market as against 11.2 per cent decline in BSE Sensex

Nifty IT extends gains for third session, up 8%; check top picks by analyst

Prashanth Tapse of Mehta Equities said that while IT stocks have seen some improvement in price, the broader fundamentals of the sector remain challenging due to relatively subdued growth expectations

Puravankara zooms 17% on Q4 profit turnaround; revenue up 177% YoY

In the March quarter (Q4FY26), Purvankara reported a net profit of ₹110 crore, as compared to a net loss of ₹88 crore a year ago

Afcons Infra tanks 9% on posting weak Q4 results; revenue down 19% YoY

In the March quarter (Q4FY26), Afcons Infra reported a net loss of ₹89 crore, as compared to a net profit of ₹111 crore a year ago