Page 60 - Indian Equities

Markets Today: CPI, IIP data; US CPI; Nasdaq at 20K; Vishal Mega Mart IPO

As the markets prepare to open, the mood is upbeat. At 6:34 AM, the GIFT Nifty futures are trading 28 points higher at 24,762 levels, hinting at a positive start

Earnings uncertainty, high valuations: Brokerages advise caution for 2025

Fundamentals strong but earnings growth uncertainty, elevated valuations seen capping upside

Bajaj Healthcare share hits 52-wk high on inking CDMO deal for 15 new APIs

Bajaj Healthcare share rose after the company announced that it has entered into a definitive CDMO contract with UK/EU based companies for 15 new active pharmaceutical ingredients (APIs)

Markets Today: Wall St. in red, FIIs, Property Share listing, Gold & Oil up

At 6:35 AM, GIFT Nifty futures were trading 50 points higher at 24,753 levels, hinting at an upbeat start

CEAT races 16%, hits record on buying Camso brand from Michelin for $225 mn

The northward move in CEAT share price came after it announced that it has acquired Camso brand's Off-Highway construction equipment bias tyre and tracks business from Michelin for $225 million

Linc shares jump 5% on fixing record date for stock-split, bonus issue

The uptick in Linc's share price came after the company announced that it has fixed December 20, 2024, as the 'Record Date' for stock-split and bonus issue

FPIs return to Indian equities with Rs 24,454 cr inflow in Dec first week

After heavy selling in the past two months, foreign investors have staged a strong comeback to Indian equities with a net investment of Rs 24,454 crore in the first week of December amid stabilising global conditions and expectations of potential US Federal Reserve rate cuts. This revival follows significant outflows in the preceding months, with foreign portfolio investors (FPIs) pulling out a net Rs 21,612 crore in November and a massive Rs 94,017 crore in October - the worst monthly outflow on record. Interestingly, September had marked a nine-month high for FPI inflows, with a net investment of Rs 57,724 crore, highlighting the volatility in foreign investment trends. With the latest inflow, FPI investments have reached Rs 9,435 crore in 2024 so far, data with the depositories showed. Looking ahead, the flow of foreign investments into Indian equity markets will hinge on several key factors. These include the policies implemented under Donald Trump's presidency, the prevailing

Stock Market Rally Highlights: Sensex up for 5th day, adds 810 pts; Nifty reclaims 24,700

Market Live: Investors in the domestic market are likely to remain cautious, while engaging in stock specific action, ahead of the RBI MPC meeting's announcement tomorrow

Tata Power rises 3% as subsidiary commissions 431 MW DC solar project in MP

The Tata Power scrip rose after the company announced that its unit, Tata Power Renewable Energy, has successfully commissioned the 431 MW DC solar project at Neemuch in Madhya Pradesh

Here's why Gland Pharma share was up 3% on December 3; details here

The uptick in Gland Pharma share came after the company said that it has received approval from the United States Food and Drug Administration (US FDA) for Latanoprost Ophthalmic Solution

UBS initiates coverage on DLF, Oberoi & Prestige, says sector in sweet spot

UBS has set a target price of Rs 1,005 for DLF; Rs 2,175 for Prestige Estates; and Rs 2,230 for Oberoi Realty

Mazagon Dock shares up 2% after company fixes record date for stock split

The up move in the share price came after the company announced that it has fixed Friday, December 27, 2024 as the 'Record Date' for determining the eligibility of shareholders for stock-split

Nomura thumbs up Dixon as co starts making Google Pixel; stock hits record

Brokerages positive on stock; company expected to emerge as major player in India's smartphone manufacturing by FY27

What led Meghna Infracon Infra share to rally 11%, hit all-time high today?

The surge in Meghna Infracon Infrastructure shares came after the company announced the launch, and Bhoomi Poojan of a new residential project, 'Riviera' at Goregaon (West), Mumbai

Here's why Cochin Shipyard shares were locked in the 5% upper limit today

The Cochin Shipyard scrip soared after the company announced that it has signed a contract of Rs 1,000 crore with the Defence Ministry for short refit and dry docking of a large Indian naval vessel

FPIs' selling spree continues in Nov at Rs 21,612 cr as US bond yield rises

Foreign investors pulled out Rs 21,612 crore (USD 2.56 billion) from the Indian equity market in November, mainly due to the rising US bond yields, strengthening dollar and expectation of a slowdown in the domestic economy. While the sell-off continues, the quantum of net outflow significantly reduced compared to October, when FPIs recorded a massive withdrawal of Rs 94,017 crore (USD 11.2 billion). With the latest pull out, Foreign Portfolio Investors (FPIs) have experienced total net outflow of Rs 15,019 crore in 2024 so far. Looking ahead, the flow of foreign investments into Indian equity markets will hinge on several key factors. These include the policies implemented under Donald Trump's presidency, the prevailing inflation and interest rate environment, and the evolving geopolitical landscape, Himanshu Srivastava, Associate Director Manager Research, Morningstar Investment Research India, said. Additionally, the third-quarter earnings performance of Indian companies and the

This recently listed NBFC stock climbed 6% on November 29; key reasons here

The rise in the Manba Finance counter came after the company announced that it has achieved the highest ever asset under management (AUM) of Rs 1,200 crore till date.

Here's why Newgen Software shares were buzzing in trade on November 29

Newgen Software share price rose after the company revealed that it has received a purchase order from the RBI for the implementation and maintenance of the Regulatory Application Management System

NCC share jumps 5% on bagging order worth Rs 3,389-crore; details here

The NCC share price rose after the company announced that it has secured an order worth Rs 3,389.49 crore from Ken-Betwa Link Project Authority, Department of WR, RD & GR, Ministry of Jal Shakti

Markets Today: GDP; Sensex, Bankex new expiry day; Enviro Infra IPO listing

Thursday's session proved challenging for domestic markets, with benchmarks plunging sharply on the monthly F&O expiry. Sensex crashed 1,190 pts to 79,043.74, while Nifty slid 360.75 pts to 23,914.15