Page 6 - Markets News

RIL rises 3% as Jio IPO date out; what does it mean for shareholders?

India's largest telecom operator, Reliance Jio, will launch its IPO on October 21 at a price band of ₹1,065-1,119 per share.

Sahajanand Medical IPO opens for bidding; check GMP, review & subscription

Analysts suggested subscribing to the issue with a long-term horizon, as Sahajanand Medical Technologies' profitability may improve in the future

IDBI Bank tanks 6% after deal with Fairfax finalised; what's ailing stock?

The IDBI Bank stake sale announcement, which came after market hours on Wednesday, marks the biggest foreign investment in India's financial services sector.

Why are Canara Bank shares down 7% in trade today after Q2 results?

JM Financial has upgraded Canara Bank to 'Buy' from 'Add' on cheap valuations and improving fundamentals. It has also raised the target price to ₹150 from ₹142.

Breakout stocks: Bonanza picks Jindal Saw, BHEL, Allied Blenders

Stocks to buy today: Kunal Kamble, senior technical research analyst at Bonanza, has recommended three stocks: Jindal Saw, BHEL and Allied Blenders and Distillers.

Nifty faces 22,850 hurdle; analyst recommends BHEL, HAL, IndiGo for trade

Ajit Mishra of Religare Broking has reiterated a cautious stance on Nifty, with 22,850, coinciding with the 20-DEMA, acting as the immediate hurdle. He has recommended HAL, IndiGo and BHEL for trade.

Inflation puts FMCG firms' margins at risk; analysts back Marico, Nestle

Analysts said higher sugar prices and input cost inflation could weigh on FMCG stocks in the near term, with the impact varying across companies depending on their product mix and pricing power.

Short-covering rally may take Nifty to 23,000-23,150, says analyst

Nifty outlook today: Jatin Gedia of Teji Mandi Investment said that if the Nifty surpasses the immediate hurdle at 22,800, it could trigger a short-covering rally towards 23,000-23,150.

Logistics, QC stocks: A proxy play for consumption theme? Analysts decode

Analysts said logistics is integral to the consumption theme, benefiting from rising demand across categories and the growth of quick commerce.

IT's ₹25K crore market value gain mirrors pharma's loss as Nifty falls

IT and FMCG stocks' rally failed to push up a broader market that fell 0.44 per cent on Wednesday, dragged by pharma stocks even as it gained the previous session.

Groww's net profit up 54%, equity derivatives' share in revenue dips

Groww's Q2FY27 net profit rose 54% to ₹725.65 crore, while revenue grew 47% to ₹1,501.53 crore. Equity derivatives' share in revenue declined to 44.8% from 56.9% a year ago.

Stock Market Close: Sensex ends choppy trade 252 pts down, Nifty at 22,623; pharma index drops 1%

Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap fell 0.1 per cent and 0.38 per cent, respectively

NPS Bharat FoF: Why PFRDA is opening pension capital to private debt

The pension regulator is widening investment options and simplifying digital enrolment to expand retirement coverage.

IDBI Bank share price zooms 13% to five-week high on heavy volumes

IDBI Bank has informed that a meeting of the board will be held on October 17 (Saturday) to consider and approve the financial results for the quarter and half-year ended September 30, 2026.

PNC Infratech jumps 7% after Delhi HC temporarily stays 3-year bidding ban

Delhi High Court temporarily stayed a three-year bidding ban imposed by NHAI on PNC Infratech, driving the stock higher by 7 per cent.

SS Retail share price zooms 20% after Q1 PAT rockets 61%; adds 33 stores

SS Retail had made a remarkable market debut on the bourses on September 23, yielding a listing gain of over 80 per cent to the investors against the issue price of ₹424.

Tech Mahindra Q2 preview: PAT may jump 30-40% YoY; firm to mull bonus issue

Tech Mahindra's board will mull a dividend payout and a bonus issue along with the Q2 results announcement.

Hero Motors jumps 8% after Q1 profit doubles; stock up 100% from IPO level

For the April-June quarter, Hero Motors has reported a consolidated profit of ₹10.20 crore, up 116 per cent on a Y-o-Y basis.

Urban Company jumps 3% on fundraising plans; JM Fin calls the step prudent

Urban Company share price: JM Financial said that this is a "step in the right direction" amidst high competitive pressures in the instant house-help segment.

Vinay Rajani favours buy-on-dips in Nifty; bets on HAL, Karnataka Bank

Vinay Rajani of HDFC Securities has recommended buy-on-dips in Nifty, as support has shifted higher to 22,580, followed by 22,300. Besides, he has also shared a bullish view on HAL and Karnataka Bank