If the Nifty managed to close in the green on Tuesday, it owes a big thank you to the banking stocks, which surged and outperformed on the weekly options expiry session of the NSE contracts after the reforms announced by the Reserve Bank of India (RBI) on Monday evening. The Nifty Bank surged over 1,100…
Historical data suggest that major IPOs don’t usually flag a bull market peak in the year that follows. Historical data suggest that major IPOs don’t usually flag a bull market peak in the year that follows. Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists Webinars &…
While India has lagged some global markets, Conrad Saldanha, MD & Portfolio Manager at Neuberger Berman, believes the biggest headwind remains the powerful earnings growth being generated by artificial intelligence (AI) linked sectors in the US, Korea and Taiwan. With AI spending still robust and hyperscaler capex yet to face meaningful scrutiny, he expects the…
Mayuresh Joshi, Director Research at Marketsmith India, said larger diversified NBFCs are better placed than pure gold financiers due to stable margins, stronger balance sheets and diversified loan books. He remains cautious on crude-linked sectors despite lower oil prices, citing near-term earnings pressure. Joshi also expects IndiGo to retain its market leadership despite a challenging…
Brokerage firm UBS has downgraded shares of Indus Towers Ltd., adopting a cautious approach across the Indian telecom sector, in its latest note on Tuesday, June 9. UBS has cited a challenging macroeconomic environment and persistent inflationary pressures as the key factors behind their cautious stance. The brokerage warns that market consensus regarding a mobile…
Shares of Belrise Industries Ltd. rose as much as 8% on Tuesday, June 9, after HSBC initiated coverage on the auto components manufacturer with a “Buy” rating. The brokerage firm set a price target of ₹270 for the stock, implying an upside potential of nearly 26% from Monday’s closing price of ₹214.85. HSBC said Belrise…
US stock markets ended mixed on Tuesday as a rally in semiconductor shares lost momentum, offsetting support from lower oil prices and easing tensions in West Asia. The S&P 500 fell 0.26% to close at 7,386.65, while the Nasdaq Composite dropped 0.97% to 25,678.82. The Dow Jones Industrial Average outperformed the broader market, gaining 86.10…
Shares of Ajanta Pharma, Emcure Pharmaceuticals, Capital Small Finance Bank and BlueStone Jewellery witnessed large block deals on Tuesday, June 9, with transactions worth more than ₹2,000 crore taking place during the block deal window. While shares of Bluestone Jewellery are trading with losses, the other three names are trading with gains between 1% to…
Rajiv Bajaj, Non-Executive Director at Bajaj Finserv, will step down from the company’s board at the upcoming annual general meeting (AGM) on July 31, 2026, as he looks to focus on growing responsibilities at Bajaj Auto and its group businesses. In an exchange filing on Tuesday (June 9), Bajaj Finserv said Bajaj has informed the…
Aluminium prices may have pulled back from recent highs, but the metal is unlikely to return to the low levels seen in previous years, according to Aditya Welekar, Senior Research Analyst-Metals at Axis Securities. He believes a combination of supply constraints, rising production costs and strong demand fundamentals could keep prices supported over the medium…
