Page 55 - Stock Market Today

Kotak Mahindra Bank jumps 5% to Rs 1,847.60 after FPI room increases

Analysts said, the higher legroom will lead to an increase in the lender's weight in the MSCI India index, purchases worth close to a billion dollars of its stock

Sebi tweaks listing day price discovery process to ensure uniformity

While exchanges will continue to conduct call auctions separately, Sebi has mandated a series of measures to ensure equilibrium prices at both the exchanges are close to each other

Too early to say if sub-par monsoon will dent market sentiment: Analysts

Experts say that the volume of rainfall, its timing and dispersion will crucially influence crop sowing, output and prices

DLF, Godrej Prop: Realty stks still have room to build gains, say analysts

The pause, even if temporary, in the interest rate cycle is a positive development for the real estate sector and should see an increase in home-buying

New gas price policy positive for city gas distributors, oil producers

Market analysts are somewhat divided on the CGD companies and on OIL and ONGC

Sensex and Nifty50 record longest winning streak in four months

Sensex and Nifty have risen by around 4 per cent in the six days of gains which is the longest winning run since the eight-day rally from November 22 to December 1 last year

NSE's strict-governance platform in limbo after tepid corporate response

Lukewarm response from corporate houses forces bourse to put NSE Prime on back burner

Cement stocks riding high on hopes of higher demand, capex push

Price wars led by increasing capacities and aggressive competition may hit prospects

Street sees no major surprise in RBI's interest rate pause decision

Realty stocks could see more gains while banking and NBFCs may witness a relief rally

Larsen & Toubro gains nearly 3% as hydrocarbon business wins mega contract

The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of over Rs 7,000 crore.

Half of top 100 cos see cut in target price over concerns of tepid earnings

Adani Green, Nykaa, APSEZ among firms with maximum cut in TPs in Jan-March 2023, shows Bloomberg data. Canara Bank, JSW Steel and Bank of Baroda have seen highest increase in TPs

Sebi's MF Lite plank for passive funds seen boosting India ETF landscape

Industry experts say it could help attract global players

Street cheers auto volume data amid interest rate, chip crunch concerns

Rural consumption will be crucial in the near-term for two-wheelers, while tractor sales have been healthy due to higher crop prices and adequate water reservoir levels

Jefferies assigns Rs 134-224 per share for Jio Financial Services

Listing and value unlocking to be the key event for RIL's stock price, says Nomura

Complying with Sebi's new rules will be challenging, onerous: AIF industry

Some believe alternative investment funds may face teething issue but the regulatory changes will eventually improve governance

KPIT shares plunge 12.5% after JPMorgan report takes 'underweight' call

The brokerage has assigned a target price of Rs 520, or 36 per cent lower that KPIT's last closing price of Rs 810

Here's why KPIT Technologies tumbled 8% on Monday

JP Morgan has initiated coverage on the stock with an "underweight" rating and a target price at Rs 540 per share

RIL up 4%; Lenders, shareholders to meet May 2 for financial arm's demerger

The move is expected to create a big player in segments including the NBFC (non-banking financial company) space with net worth of Rs 25,851 crore as of March 2022.

Kirloskar Brothers soars 10%; nears 52-week high on strong business outlook

The stock is inching towards its 52-week high of Rs 424 touched on November 25, 2022.

Defense stocks rally on bagging contracts from MoD; BEL, BDL surge up to 8%

The Ministry of Defence (MoD) on March 30 signed contracts with Indian shipyards, Bharat Dynamics, Bharat Electronics, and BrahMos Aerospace for equipments worth over Rs 35,000 crore.