Latest
🇮🇳17d ago
Japanese Government Bonds Rally on US Treasury Liquidity Support
Japanese government bonds rallied on Thursday following a US Treasury action aimed at boosting liquidity for longer-dated debt, which eased pressure across global bond markets. The move sparked declines in long-term JGB yields and strong demand at a 20-year bond auction, though investors remained cautious about inflation, oil prices, and debt levels.
🇮🇳17d ago
MCX Shares Surge 4% on Gold, Silver Rally; UBS Targets Rs 3,800
MCX shares jumped over 4% as gold, silver, and copper futures rose following a US Treasury liquidity support announcement, with the stock having delivered approximately 900% returns over three years. UBS upgraded MCX to 'Buy' with a target price of Rs 3,800, while HDFC Securities maintained its 'Buy' rating citing regulatory easing and growth potential.
🇮🇳17d ago
Zaggle Prepaid shares jump 3%, extend 3-day rally to 16%
Zaggle Prepaid Ocean Services shares rose 3% on Thursday, extending a three-day gain to 16%, after Kedia Securities acquired 20 lakh shares valued at approximately Rs 33 crore. The rally follows a recent 20% decline triggered by weak Q1FY27 earnings results.
🇮🇳17d ago
Indian IT Stocks Rally for Second Day as Rupee Weakness Drives Value Buying
Indian information technology stocks extended their gains into a second consecutive session, with Coforge and Persistent Systems leading the advance while the Nifty IT index climbed nearly 2%. The rally was underpinned by value buying activity amid a weaker rupee, positioning Indian IT stocks to outperform their global technology counterparts.
🇮🇳17d ago
14 Indian smallcap stocks soar up to 217% in six months
According to reports, 14 Indian smallcap stocks have delivered exceptional returns ranging from 60% to 217% over the past six months, with six reaching multibagger status. The strong performance reflects broader momentum in the smallcap segment, where nearly 70 stocks gained more than 25% during the same period.
🇮🇳17d ago
NSE Plans Self-Listing on BSE Platform Ahead of IPO
India's National Stock Exchange is reportedly planning to list its shares on rival BSE after its own initial public offering, potentially enhancing liquidity and opening doors to Nifty index inclusion. The proposal would require regulatory approval from market regulator Sebi, as current rules prohibit exchanges from self-listing.
🇮🇳17d ago
China, Hong Kong stocks rebound on healthcare, tech rally
Chinese and Hong Kong equity markets rebounded on Thursday, with healthcare and technology shares leading gains following a previous session selloff, supported by fresh share buyback announcements and strength across broader Asian markets. The recovery signals cautious investor sentiment amid ongoing market volatility.
🇮🇳17d ago
JP Morgan Unit, Mumbai Broker Allegedly Manipulated Sensex During Closing Auction
Regulators flagged suspicious Sensex spikes during the Closing Auction Session, including a 362-point jump in two seconds, allegedly involving a JP Morgan unit and a Mumbai-based stock brokerage firm. The investigation centers on how the index rose from a 3:15 pm reference of 77,829.60 to approximately 78,080 at CAS closing.
🇮🇳17d ago
Titagarh Rail Systems shares gain 3% on Indian Railways traction motor approval
Titagarh Rail Systems shares rose 3% following Indian Railways' approval of the company as a vendor for supplying three-phase asynchronous traction motors for locomotives, with capacity to deliver up to 1,200 units annually. The approval strengthens the company's position in the railway equipment supply segment and signals growing demand for domestically sourced locomotive components.
🇮🇳17d ago
Coforge shares jump 3% after IT major launches private equity unit
Coforge shares climbed 3% after the IT services company announced the launch of a dedicated Private Equity business unit designed to support funds with operational transformation and value creation across portfolio companies. The new vertical will leverage the company's acquisition integration expertise and AI capabilities to drive portfolio optimization, EBITDA growth, and technology-led transformation.
🇮🇳17d ago
PFC and REC Shares Fall 3% After Morgan Stanley Downgrade
Power Finance Corporation and REC Limited shares declined up to 3% on Thursday following Morgan Stanley's downgrade of both stocks to Equal-Weight with reduced target prices. The brokerage cited slower loan growth and lowered earnings estimates for fiscal years 2028 and 2029 as reasons for the downgrade.
🇮🇳17d ago
Standard Chartered Expands Hedge Fund Offerings Amid Volatility
Standard Chartered is expanding its hedge fund portfolio offerings to serve wealth management clients seeking portfolio diversification amid elevated market volatility. The bank is focusing on equity market neutral and multi-strategy funds as alternative investments gain popularity among affluent investors across Asia.
🇮🇳17d ago
Jefferies Raises Emmvee Photovoltaic Price Target to Rs 440
Jefferies has increased its price target for Emmvee Photovoltaic Power to Rs 440 from Rs 400 while maintaining a Buy rating, indicating approximately 31% upside potential. The brokerage cited the company's strong solar PV value-chain presence, healthy order book, and expansion plans as key factors supporting the upgrade.
🇮🇳17d ago
Moderna's Cancer Vaccine Achieves Key Phase 3 Trial Goals
Moderna announced that its personalized mRNA cancer vaccine met key objectives in a Phase 3 melanoma trial, prompting a notable stock rally. The trial results have intensified investor interest in mRNA-based cancer therapeutics as a potential growth avenue beyond the company's COVID-19 vaccine portfolio.
🇮🇳17d ago
Indian Sugar Stocks Rally Up to 8% on Govt Inventory Tightening
Sugar stocks in India advanced up to 8% after the government implemented tighter inventory limits for dealers, with Bajaj Hindusthan Sugar leading gains alongside Balrampur Chini and peers. The rally reflects government efforts to manage record-high sugar prices, supported by supply concerns and rising seasonal demand.
🇮🇳17d ago
Jefferies initiates Buy on Turtlemint Fintech with Rs 190 target
Jefferies has initiated coverage on Turtlemint Fintech Solutions with a Buy rating and a target price of Rs 190, suggesting 37% upside potential from current levels. The brokerage projects revenue growth at a 38% compound annual growth rate over the next three years, supported by increasing premiums and improved take-rates in the insurance distribution platform.
🇮🇳17d ago
RBI's hawkish policy minutes trigger Indian bond selloff
Minutes from India's central bank policy meeting revealed hawkish undertones suggesting possible rate hikes, triggering a significant sell-off in government bonds on Thursday. The minutes highlighted policymakers' concerns about inflationary pressures, compounded by elevated oil prices that could further strain the rupee and worsen the inflation outlook.
🇮🇳17d ago
Strides Pharma shares surge 9% on FDA inspection closure for Bengaluru plant
Strides Pharma Science's shares jumped 9% after the U.S. FDA issued an Establishment Inspection Report (EIR) for its Bengaluru facility, concluding a cGMP inspection with five observations that the company addressed through corrective actions. The regulatory clearance provides relief to investors following recent stock weakness.
🇮🇳17d ago
Milky Mist Dairy Food shares slip 4% after sharp post-listing rally
Milky Mist Dairy Food shares declined 4% as profit-taking followed a remarkable 42% surge in the two sessions after the company's market debut. Analysts have urged caution, citing the stock's premium valuation despite the company's strong revenue growth and leadership in the value-added dairy segment.
🇮🇳17d ago
Gold Financier Stocks Surge on Rising Bullion Prices Above Rs 1.58L
Shares of major Indian gold loan companies including Muthoot Finance and Manappuram Finance climbed up to 4% as gold prices rose above Rs 1.58 lakh per 10 grams, driven by the US Treasury's decision to increase longer-dated bond buybacks. The rally reflects improved collateral values for gold-backed lending portfolios.