Page 2 - Nifty Stocks

Natco Pharma rises 4% after filing ANDA for generic lung cancer drug

Natco Pharma is the first company to have filed a substantially complete ANDA for a generic cancer drug

Market Highlights, Aug 29: Sensex, Nifty end at record; RIL to invest Rs 75k cr in new energy biz

Stock Market Highlights Today, Thursday, Aug 29: The BSE Sensex ended 349 points higher at 82,135 level, while the Nifty50 closed 100 points higher at 25,152

Bikaji Foods stock hovers near 52-week high after co. acquires Ariba Foods

Bikaji Foods announced the acquisition of a 55 per cent equity stake in Ariba Foods on Friday

V-Mart faces tough road ahead despite promising June quarter: Nuvama

The retail chain operator faces several hurdles, including evolving customer preferences, disruptions in transport logistics, and intensifying competition, analysts at domestic brokerage Nuvama said.

Nifty hits 25,000: Next 5,000-pt rally could be led by banks, IT, autos

Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities suggests that for the Nifty50 index to move up from the current levels, bank and IT sectors need to perform and do the heavy lifting

Rupee up 5 paise from all-time low to 83.65 against dollar in early trade

The rupee recovered from its all-time low level and appreciated by 5 paise to 83.65 against the US dollar in early trade on Monday, as the American currency retreated from its elevated level. Forex traders said foreign fund inflows and possible intervention by the Reserve Bank of India (RBI) supported the rupee at lower levels and restricted the downfall. At the interbank foreign exchange market, the local unit opened at 83.66, and touched an early high of 83.65, registering a gain of 5 paise from its previous close. On Friday, the rupee depreciated 7 paise to settle at its all-time low of 83.70 against the US dollar. "A weakening dollar -- prompted by shifts in the macroeconomic landscape and emerging cracks in US economic data -- caused the dollar index to dip to 104. This scenario saw emerging market currencies rising against the dollar," CR Forex Advisors MD Amit Pabari said. However, despite these rupee-supporting factors, the Indian currency hasn't appreciated significantly,

'Tax relief for the middle class will be a big positive for the markets'

Nifty is comfortably trading at 15-year average PE of 19.2x. As long as valuations are not frothy in large caps, there's not much to worry about, said Siddharth Vora of Prabhudas Lilladher

Mcap of 7 of top-10 most valued firms jump Rs 1.72 trn; TCS steals show

The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,72,225.62 crore last week, with IT bellwether Tata Consultancy Services (TCS) stealing the show, amid a rally in equities. Last week, the BSE benchmark jumped 522.74 points, or 0.65 per cent. The 30-share BSE Sensex jumped 622 points, or 0.78 per cent, to settle at a record closing level of 80,519.34 on Friday. During the day, it zoomed 996.17 points, or 1.24 per cent, to hit an all-time high of 80,893.51. The market capitalisation (mcap) of TCS surged Rs 62,393.92 crore to Rs 15,14,133.45 crore. Shares of TCS on Friday surged nearly 7 per cent after the country's largest IT services player reported an 8.7 per cent growth in the June quarter net profit at Rs 12,040 crore. ITC added Rs 31,858.83 crore taking its valuation to Rs 5,73,258.78 crore. The mcap of Infosys zoomed Rs 26,905.14 crore to Rs 7,10,827.27 crore and that of Life Insurance Corporation of India (LIC) jumped Rs 22,422.12 crore to Rs

India, Taiwan threaten China's top spot in emerging mkt equity portfolios

As the US rate cycle peaks out, having attractive options in emerging markets is fundamental to any pivoting of capital flows

Earnings likely to disappoint investors amid expensive market valuations

The earnings slowdown is caused in part by a severe heat wave, drawn-out election activity, and central bank curbs on unsecured loans

Nifty Microcap 250 up 75% in a year, real estate index up 112%: Motilal

he Nifty Microcap 250 and Smallcap 250 indexes, tracking the smallest companies in the market, surged by an impressive 11.56% and 7.90% respectively in June 2024

New Sebi rules likely to spur founders to revive delisting offers

For founders, 'listing had become a no-exit' endeavor but with this framework 'both entry and exit will be possible and realistic', said Makarand Joshi, an industry expert

Sona BLW share price rises 4% on securing certification under PLI scheme

The jump in the stock price came after Sona BLW announced that it has secured certification for its traction motor for electric 3-wheelers under production-linked incentive (PLI) scheme

Arvind share price jumps 3% after workers call off strike at Santej plant

The uptick in share price came after the company announced that the strike at Santej plant by workers demanding wage hike has been called off

BL Kashyap stock price soars 4% on securing two order worth Rs 1,021 crore

The company secured a major order for civil and composite steel structural works from DLF City Centre Ltd, valued at approximately Rs 924.11 crore

Persistent up 2% on deal with Google Cloud to drive innovative solutions

The uptick in share price came after the IT major announced that it has entered into a long-term strategic partnership agreement with Google Cloud, to drive innovative solutions

NSE warns investors against deepfake clips of its chief recommending stocks

The National Stock Exchange (NSE) on Monday cautioned investors against deepfake videos of its MD and CEO Ashishkumar Chauhan giving investment advisories. In a statement, the exchange said it has observed the use of face/voice of Chauhan and NSE logo in a few investment and advisory audio and video clips falsely created using technology. Such videos seem to have been created using sophisticated technologies to imitate the voice and facial expressions of Chauhan. Accordingly, the bourse has asked investors not to believe in such audio and videos and not to follow any such investment or other advice coming from such fake videos or other mediums. It may be noted that NSE's employees are not authorised to recommend any stock or deal in those stocks. Additionally, the exchange is making efforts requesting these platforms to take down these objectionable videos, wherever possible. As per NSE's process, any official communication is made only through its official website www.nseindia.c

Sensex tanks 4,389 pts: Markets to derate; should long-term investors buy?

The S&P BSE Sensex index plunged over 6,200 points intraday, before settling 4,390 points, or 5.74 per cent, lower at 72,079 levels, on Tuesday

Anand Rathi lists out top 13 investment ideas for long-term wealth creation

Anand Rathi recommends that investors could invest in these ideas in a staggered manner for long term wealth creation.

Capital goods soars 6%, records sharpest intra-day rally since March 2020

Bharat Electronics, Larsen & Toubro, Hindustan Aeronautics, CG Power, Bharat Heavy Electricals and Schaeffler India have rallied between 7% and 9% in intra-day trade