The Indian rupee opened 13 paise lower against the US dollar on Thursday (June 18), tracking broad dollar strength after the US Federal Reserve signalled a more hawkish interest rate outlook than markets had anticipated. The domestic currency opened at 94.66 per dollar, compared with Wednesday’s (June 17’s) close of 94.53, marking a decline of…
Rail Vikas Nigam (RVNL) has received a Letter of Award from state-owned NMDC for setting up buffer stockpiles and a blending yard with a handling capacity of 10 million tonnes per annum (MTPA) at Visakhapatnam in Andhra Pradesh. The project, awarded in the normal course of business, is valued at ₹2,977 crore, according to an…
Shares of Anthem BioSciences Ltd. gained as much as 4% on Thursday, June 18, after a large block deal was executed during the pre-market window. As many as 1.17 crore shares, representing 3.05% of the company’s outstanding equity, changed hands in the transaction. The shares were traded at an average price of ₹745 apiece, taking…
Brokerage firm Jefferies, in a note on Thursday, June 18, has highlighted eight examples over the last 15 years, where valuations may have become “expensive” but those sectors have still gone on to deliver strong returns over the next two to three years. A similar trend appears to be emerging in the power sector, according…
Hello there! We’re BACK! Vedanta now has five listed entities on the bourses, US and Iran have signed a peace deal, which very nearly fell apart within 24 hours itself, Crude oil prices from sub-$90 are now sub-$80, NSE filed its IPO papers for what could be India’s largest IPO in history and within 48…
Dipan Mehta, Director of Elixir Equities expects the upcoming NSE listing to attract strong investor interest, citing its attractive valuation relative to BSE and long-term growth potential. He stayed upbeat on power transmission stocks like GE Vernova T&D, Hitachi Energy and Siemens, citing strong order books and limited Chinese competition. He turned cautious on defence…
Man Industries (India) Ltd. on Thursday, June 18, said the company and its Saudi Arabia-based step-down subsidiary National Pipe Company Ltd. won orders worth ₹1,000 crore cumulatively. Man Industries won new orders worth ₹300 crore, while National Pipe Company won orders worth ₹700 crore. The same are to be delivered within six to nine months,…
The US Federal Reserve Chairman Kevin Warsh’s latest policy communication suggests that interest rates could remain higher for longer, according to Jahangir Aziz, Co-head of Macroeconomic Research at JPMorgan. Aziz said the Fed’s projections point to a sustained rate-hiking cycle, a signal that could shape market expectations ahead of upcoming policy meetings. Aziz expects markets…
Expert reveals top stock recommendations After a sharp rally of more than 1000 points in the Nifty, investors are now facing a key question: should they continue buying at current levels or wait for a correction? According to technical market expert Rudra Murthy, caution may be the better approach at this stage. Speaking to ET…
Shares of Tata Motors Passenger Vehicles Ltd. traded mixed on Thursday, June 18, as brokerages remained divided on the company following Jaguar Land Rover’s (JLR) Investor Day and its FY27 guidance, which came in below Street expectations. The stock had ended Wednesday among the top losers on the Nifty. JLR guided for FY27 revenue of…
