Page 2 - Stock Market Rally

Aurobindo Pharma nears all-time high, up 30% in 4 months; more upside left?

Aurobindo Pharma stock hit a 52-week high at ₹1,585, and quoted close to its record high of ₹1,592 hit in September 2024. HDFC Securities maintains 'Add' rating on the stock.

IndiGo up 24% in June; on course to log biggest monthly gain in over 7 yrs

On Thursday, IndiGo stock rallied nearly 5% as crude oil prices dipped below US-Iran war levels. The airline stock logged its biggest monthly rally in March 2019.

Sensex rebounds, up 1,000pts intra-day; Nifty atop 24,000; key reasons here

Private banking and select IT stocks led market pullback on Wednesday as lower oil prices, and hopes of India-US trade deal lifted sentiment.

US-Iran talks, crude prices likely to steer stock markets this week

Movement in the stock market will hinge on the outcome of talks between the US and Iran, crude oil prices and trading activity of foreign investors in the holiday-shortened week ahead, analysts said. Technical-level talks will be held in Burgenstock, Switzerland, on Sunday between the US and Iran. US Vice President JD Vance was initially supposed to hold a first round of talks with senior Iranian officials on Friday at a mountainside resort in the tiny Swiss village of Obburgen, but his Iranian counterparts cancelled their plans to attend because of escalating fighting between Israel and Iranian-backed Hezbollah in Lebanon. Stock markets would remain closed on Friday for Muharram. "Investor attention in the week ahead is likely to remain firmly focused on developments surrounding the US-Iran peace process. Crude oil prices will remain a key variable, with continued stability supporting India's macroeconomic outlook, while any deterioration in Middle East relations could reignite ..

A stock trader's guide to navigating risks of rare 'Super El Niño'

A high probability of a "Super El Niño" heading into 2027 may drive up temperatures in some parts of the world, sending power demand surging, hurting crop yields and reigniting inflationary pressures

HFCL jumps over 4%, nears 52-week high on winning ₹2,666 cr RVNL contract

HFCL wins additional ₹2,666 crore work order from RVNL for BharatNet project; the stock has surged 193 per cent thus far in FY27.

Bulls charge! Sensex jumps 1293pts intraday, Nifty tops 24,000; key reasons

The primary trigger for Monday's rally was news that the United States and Iran had reached an agreement to end the conflict and reopen the Strait of Hormuz, a critical artery for global oil shipments

US-Iran peace deal: Analysts see up to 1,000-pts rally in Nifty from here

Technical analysts believe that the Nifty can potentially surge to 24,600 from here if it clears hurdles at 23,800 and 24,200-24,300 levels.

Sensex rises 1,700 pts intra-day; Nifty above 23,600: Key reasons here

A Bloomberg report said that the US and Iran are edging closer to signing an agreement to reopen the Strait of Hormuz as the Group of Seven world leaders are set to meet next week.

World's hottest market has Korea bulls turning cautious after rally

Hedge fund Golden Horse Fund Management has trimmed exposure and added derivative protection, while M&G Investments has cut memory and foundry holdings to broaden out down the AI supply chain

Developments in West Asia, oil prices likely to steer markets this week

Stock market this week will track simmering tensions in West Asia, its impact on crude oil prices, and trading activity of foreign investors, analysts said. The trading week may begin on a cautious note following a sharp decline in the US markets over the weekend, an expert said. Besides, progress of monsoon and inflation data announcement will also be important factors to watch out for. "This week will be driven by key inflation, and global macroeconomic data releases. In India, investors will closely track inflation data for May, scheduled for release on June 12, along with foreign exchange reserves data on the same day. "Globally, developments around the US-Iran negotiations and their implications for crude oil prices, currency movements, and overall risk sentiment will remain in focus," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. US markets ended sharply lower on Friday, with the Nasdaq Composite tumbling 4.18 per cent. The S&P 500 dived 2.64 per cent and Dow Jones

Sensex jumps 1,047 pts from day's low; Nifty above 23,550: Key reasons

Markets are hopeful of a positive outcome from ongoing trade negotiations between India and the US

US-Iran talks, RBI's rate decision likely to steer markets this week

Developments around the USIran situation, crude oil prices, and the RBI's interest rate decision would determine the trend in the equity market in an event-heavy week ahead, analysts said. Besides, macroeconomic data announcements, trading activity of foreign investors and the rupee-dollar trend would act as key drivers for equities, they noted. "Participants will closely monitor global developments surrounding the USIran situation and movement in crude oil prices, which continue to remain critical for inflation expectations, currency stability, and foreign flows," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The final HSBC Manufacturing PMI reading for May will be announced on Monday, followed by the Services PMI and Composite PMI data on Wednesday. These indicators will provide important insights into demand trends, business activity, and growth resilience across sectors, he said. "The key event of the week will be the RBI monetary policy announcement on Friday," Mishr

Stocks and bonds rally as hopes grow for end to West Asia conflict

Hopes of extended US-Iran ceasefire talks lifted global equities and eased oil prices, while gold rebounded after touching a two-month low

Coforge reclaims 100-DMA; 5 reasons why Geojit is bullish on this IT stock

Coforge has rallied 12 per cent in the last three trading sessions. Technical analyst at Geojit highlights the formation of a higher-high on the weekly chart among key reasons.

Markets rebound: Sensex up 1070pts intraday; Nifty tops 23,750; key reasons

On the sectoral front, barring Nifty IT, all the indices closed in green. Nifty Pharma, Nifty Healthcare and Nifty Metal emerged as the top gainers, rising more than 2 per cent each.

BHEL jumps 13%, hits 18-year high; here's what’s driving the rally | Business News | Stock market

Shares of Bharat Heavy Electricals Limited (BHEL) hit a new high of ₹398.95 after a gap of over 18 years, as they rallied 13 per cent during intra-day trade on May 3 on the BSE

Sensex up 997 pts intraday; Nifty near 24,300: Key reasons for market rally

Stock market rally: Sensex advanced 997.25 points, Nifty near 24,300 amid assembly elections result in West Bengal and easing geopolitical worries

State elections result, oil prices likely to steer markets this week

Stock markets are likely to be guided this week by the outcome of state elections and high crude oil prices amid the West Asia conflict, say analysts. The developments related to the West Asia conflict and the Strait of Hormuz will also be tracked by investors, they said. Counting of votes for the five assembly elections in West Bengal, Tamil Nadu, Kerala, Assam, and Puducherry will begin on Monday, May 4. "The most immediate catalyst will be the outcome of key state elections, with investors closely watching whether the ruling party at the Centre can wrest West Bengal from Trinamool Congress and make meaningful inroads into opposition-ruled Kerala and Tamil Nadu, where the Bharatiya Janata Party (BJP) currently has a limited presence," Hariprasad K, Research Analyst and Founder, Livelong Wealth, said. Crude oil remains the single most critical macro variable, Hariprasad said. "With Brent prices sustaining elevated levels amid ongoing tensions around the Strait of Hormuz, inflatio

BHEL, SAIL hit multi-year highs, gain up to 39% in 1-mth; more upside left?

Analysts at JM Financial Institutional Securities have pegged an upside target of ₹393 per share on BHEL; whereas Axis Securities expects SAIL to rally toward ₹200-mark.