Oil edges up from $70; Brent holds near $75 amid West Asia tensions
Oil edges up from $70; Brent holds near $75 amid West Asia tensions Source link
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Stock Market Holiday Today: NSE, BSE closed on June 26 for Muharram; equity markets set for 3 day suspension – Markets
Stock Market Holiday Today: Indian stock markets will remain closed on Friday on the occasion of Muharram, halting trading across equity, derivatives and currency segments on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), according to the exchanges’ holiday calendar. The closure gives investors a three-day market break as June 26 falls…
Travel Food Services could report a weak Q1, HSBC says but maintains ‘buy’
Shares of Travel Food Services Ltd. are in focus on Thursday, June 25, as brokerage firm is positive on the stock even as it sees the first quarter slowing down its growth. Brokerage firm HSBC has a “buy” rating on the Travel Food Services stock with a target price of ₹1,540 per share, an upside…
Explained – Why Hindalco, NALCO, Vedanta Aluminium shares could fall up to 40% as per InCred
Shares of Vedanta Aluminium Ltd., National Aluminium Company Ltd., and Hindalco Industries Ltd., could fall between 30% to 40% from current levels, according to the latest note released by InCred equities on Thursday, June 25. InCred wrote in its note that it remains negative on the aluminium-linked names, as its bull case thesis for the…
Rupee climbs 37 paise despite strong dollar pressure. Here’s why
The Indian rupee opened stronger at 94.30 against the US dollar on Thursday (June 25), gaining 37 paise from Wednesday’s (June 26’s) close of 94.67/$, supported by a sharp fall in global crude oil prices and likely intervention by the Reserve Bank of India (RBI). The currency rebounded after nearing the psychologically important 95/$ mark…
El Niño concerns for Hero MotoCorp are overstated, says CLSA. Here’s why
Shares of Hero MotoCorp Ltd. opened with gains of around 3% on Thursday, June 25, after brokerage firm CLSA reiterated its ‘Outperform’ rating on the stock and assigned a price target of ₹5,728. The target implies an upside potential of nearly 17% from Hero MotoCorp’s closing price of ₹4,894 on Wednesday. CLSA said concerns surrounding…
Sterlite Tech shares in upper circuit after launching QIP at premium; Stock up 500% this year
Sterlite Technologies Ltd., shares of whom are the second-best performers on the BSE Smallcap index in 2026 so far with a 500% rally, has launched an institutional share sale to raise funds from eligible institutional investors. The board of Sterlite Technologies approved the launch of the Qualified Institutional Placement (QIP) on Wednesday, June 24, it…
Stocks To Buy: What about Dalmia Bharat excited Goldman Sachs that prompted a rating upgrade
Shares of Dalmia Bharat Ltd. gained on Thursday, June 25, after brokerage firm Goldman Sachs upgraded its rating on the stock. Goldman Sachs now has a “buy” rating on the stock from the previous “neutral” recommendation and has revised its price target on the stock to ₹2,020 per share from ₹2,090 earlier, indicating an upside…
Japan’s 20-year bond demand weakens amid worries over inflation and policies
Japan’s 20-year government bond demand slumped as the auction for the same resulted in the weakest demand since May 2025. This development comes as concerns about inflation and fiscal policy affect investor appetite. In contrast to 4.01 at the last auction and a 12-month average of 3.55, the bid-to-cover ratio at the sale was 2.97….
BofA Securities prefers this midcap IT stock but stays cautious on its peers
Global brokerage firm BofA Securities has initiated coverage on India’s mid-cap IT sector, saying the next phase of returns will depend on companies’ ability to capitalise on artificial intelligence-led opportunities. In its report titled “Initiating coverage on mid-cap IT: In search of an AI breakthrough”, the brokerage said that mid-cap IT companies have outperformed over…