The Nifty Bank, Nifty PSU Bank indices are likely to extend the pullback in the near-term; Auto index too seems favourably placed, while the Realty index remains on weak ground, shows technical charts
The Board has also approved the appointment of Ajoy Choudhury as Chief Risk Officer on fixed tenure basis for two years.
The uptick in IRB Infrastructure Developers share came on the back of strong toll revenue collection in September 2024.
Nomura has reaffirmed its 'Buy' rating for SBI, maintaining a target price of Rs 980. This target suggests a potential upside of approximately 25per cent from the previous closing price of Rs 781.
Stock Market Close Highlights Today: Adani Ports, M&M, Reliance Industries, HDFC Bank, L&T, SBI, Ultratech Cement, NTPC, and Kotak Bank were the top Sensex gainers today, up between 1 and 4.5 per cent
Zodiac Energy share price surged after the company announced that it has secured an order worth 154.27 crore from Ahmedabad Municipal Corporation (AMC).
BEL share rises on securing additional orders worth Rs 500 crore; details
Stock Market Today: Indian benchmark equity indices Sensex, and Nifty settled in red on Monday
Natco Pharma share rose after the company announced that Mylan Pharmaceuticals Inc & Novo Nordisk have reached a settlement of the US patent litigation related to generic Ozempic (Semaglutide)
The uptick in Bandhan Bank share price came after the company announced a strong set of business updates in the September quarter of financial year 2025 (Q2FY25).
Lupin share price slipped in trade after the company announced that United States Food and Drug Administration (USFDA) has issued five observations for its Pune-based Biotech facility.
Titan share price dropped despite the company reporting robust business performance for the September quarter (Q2FY25).
Macrotech Developers achieved its best ever quarterly pre-sales of Rs 42.9 billion, marking a growth of 21% on Y-o-Y despite the inauspicious 'Shradhh' period falling in Sept this FY (vs Oct in FY24).
Share Market Highlights: The day ended in favor of bears as 37 out of 50 constituent stocks of Nifty50 ended in the red
In one month, ONGC (down 6%) and Oil India (down 17%) have underperformed the Sensex, which down less than 1% as the lower crude price momentum has led to correction in state-owned upstream companies.
Analysts at Elara Capital said no significant asset quality challenges and steady growth may ensure rerating for some PSU banks (after recent correction) on earnings stability.
Quick Heal share price surged after the company announced that it has rolled out India's first fraud prevention solution, AntiFraud.AI. Quick Heal also highlighted that the solution is 'Made in India.
The fall in the share price of Suryoday SFB was triggered by weak asset quality in the September quarter (Q2FY25).
The drop in the share price of Blue Star came after Oman-based WJ Towell & Co LLC increased the claim to Rs 461.74 cr (earlier Rs 223.60 cr) of its ongoing arbitration proceeding at ICC
Alembic Pharma share price surged after the United States Food and Drug Administration (USFDA) gave final approval for Lamotrigine ExtendedRelease Tablets USP, 200 mg, 250 mg, and 300 mg.