Page 8 - Markets
Stock Market Close: Nifty below 26,200; Sensex down 376 pts; RIL drops 4%, Trent 9%; SMIDs slide
Sensex Today| Stock Market Highlights on January 6, 2025: In the broader markets, the NSE Nifty Midcap 100 was down 0.19 per cent, while the NSE Nifty Smallcap 100 were lower by 0.22 per cent
 "Stock Market Close: Nifty below 26,200; Sensex down 376 pts; RIL drops 4%, Trent 9%; SMIDs slide")
ITC tanks 15% in 4 days, hits 33-month low after tax hike on cigarettes
A sharp decline in stock price of ITC has seen ₹75,675 crore market capitalisation erosion of the company in the past four trading days.
 "ITC tanks 15% in 4 days, hits 33-month low after tax hike on cigarettes")
NFO alert! Motilal Oswal launches Diversified Equity Flexicap Passive FoF
Motilal Oswal Diversified Equity Flexicap Passive FoFs is benchmarked against the Nifty 500 Total Return Index
 "NFO alert! Motilal Oswal launches Diversified Equity Flexicap Passive FoF")
Elara Capital expects strong Q3 for Ports & Logistics cos; check top picks
Elara Capital has given a Buy rating to its top ports and logistics picks, including Adani Ports & SEZ, JSW Infrastructure and Delhivery
 "Elara Capital expects strong Q3 for Ports & Logistics cos; check top picks")
Indian pharma cos' new drug filings decline to 20-year low, Nomura says
Abbreviated new drug application filings have declined to 600 in the financial year 2025 (ending in September) versus 740 in the preceding year, Nomura said
 "Indian pharma cos' new drug filings decline to 20-year low, Nomura says")
Ethos shares rise 4% on opening watch boutique in Ranchi; details
With the opening of this new boutique at Ranchi, Ethos now has 88 boutiques across India
 "Ethos shares rise 4% on opening watch boutique in Ranchi; details")
Sensex drops 800 pts in 2 days, Nifty below 26,150: Why are markets falling
Shares of RIL, Trent and HDFC Bank led the decline in the Nifty50 index on Tuesday amid profit booking in heavyweight stocks
 "Sensex drops 800 pts in 2 days, Nifty below 26,150: Why are markets falling")
Motilal Oswal sees higher Q3 profits for Oil & Gas cos; RIL, OMCs to lead
Motilal Oswal expects its coverage universe to report a 4 per cent Y-o-Y decline in sales in Q3FY26, while Ebitda and PAT are projected to grow 16 per cent and 25 per cent Y-o-Y
 "Motilal Oswal sees higher Q3 profits for Oil & Gas cos; RIL, OMCs to lead")
KSH International share price jumps over 10% after net profit doubles in Q2
KSH International released the first earnings report two weeks after its listing on the exchanges
 "KSH International share price jumps over 10% after net profit doubles in Q2")
IndusInd Bank shares rise to highest in 9 months post Q3 business update
IndusInd Bank shares rose to the highest level in over nine months even after it reported a drop in third-quarter advances and deposits
 "IndusInd Bank shares rise to highest in 9 months post Q3 business update")
RIL shares drop 5%, log steepest drop in 8 months after hitting a high
Shares of RIL saw their steepest fall in over five months even after it denied reports that claimed three tankers carrying Russian crude oil were headed to its Jamnagar refinery
 "RIL shares drop 5%, log steepest drop in 8 months after hitting a high")
Stocks to buy: Kotak Securities picks Axis Bank, ONGC as preferred bets
Stocks to buy, Jan 6: Shrikant Chouhan said that the financial profile of Axis Bank has improved steadily while Oil and Natural Gas Corporation's outlook continues to improve
 "Stocks to buy: Kotak Securities picks Axis Bank, ONGC as preferred bets")
This hotel stock flags Bearish signal on chart; here's all you need to know
EIH stock has witnessed the formation of 'Death Cross'. ITC Hotels, EIH Associated Hotels, Taj GVK and Mahindra Holidays have also seen the similar bearish formation in the recent past.
 "This hotel stock flags Bearish signal on chart; here's all you need to know")
Emkay Global upgrades Bajaj Auto to 'Buy' on EV momentum, export recovery
Emkay Global upgrades Bajaj Auto to 'Buy', raises target to ₹11,100 citing EV leadership, export recovery, EPS upgrades and strong risk-reward outlook
 "Emkay Global upgrades Bajaj Auto to 'Buy' on EV momentum, export recovery")
Emmvee Photovoltaic hits 10% upper circuit; Jefferies initiates 'Buy'
The coverage initiation is anchored on a strong solar sector outlook, with India's annual solar PV installations expected to grow at a 24 per cent CAGR over FY25-28E
 "Emmvee Photovoltaic hits 10% upper circuit; Jefferies initiates 'Buy'")
L&T Finance shares rise 3% as Q3 disbursements jumps 49%; details here
L&T Finance shares rose after it reported a jump in retail disbursements and retail book in the third quarter of the current financial year
 "L&T Finance shares rise 3% as Q3 disbursements jumps 49%; details here")
Allcargo Terminals rises 6% in trade; what's boosting investors' interest?
In its monthly update for December 2025, Allcargo Terminals stated that its CFS (Container Freight Station) volumes stood at 61.2 thousand TEUs.
 "Allcargo Terminals rises 6% in trade; what's boosting investors' interest?")
Trent shares fall 8% on Q3 update; is it good time to buy Tata Group stock?
This shift follows a nearly 50 per cent price correction from peak to trough, which the brokerage believes now presents a favorable risk-reward opportunity
 "Trent shares fall 8% on Q3 update; is it good time to buy Tata Group stock?")
Antique maintains 'Buy' on Concord Biotech; sees strong API, CDMO growth
Antique expects the Concord to report revenue, Ebitda and PAT CAGR of 18 per cent, 17 per cent and 19 per cent, respectively, with margins remaining stable at around 42 per cent over FY25-28E
 "Antique maintains 'Buy' on Concord Biotech; sees strong API, CDMO growth")
Tata Motors PV shares drops 4% as JLR Q3 sales dip on cyber incident
Shares of TMPV fell on Tuesday after it said that JLR's third-quarter sales were impacted by a cyber incident and US tariffs
 "Tata Motors PV shares drops 4% as JLR Q3 sales dip on cyber incident")