Indian equity markets bounced back strongly on Friday, putting an end to a three-day losing streak, as investors piled into financial, telecom, and tech stocks. A drop in global crude oil prices and renewed foreign institutional inflows added to the bullish sentiment. Market Snapshot The BSE Sensex surged 1,046 points (1.29%) to close at 82,408.17, after rallying as much as 1,132 points during the session. The NSE Nifty 50 jumped 319 points (1.29%) to finish
Read More
Shares of key state-run project financing companies surged on Friday, June 20, after the Reserve Bank of India (RBI) released its much-awaited final guidelines for project finance—a move seen as far more lenient than the earlier draft. Power Finance Corporation Ltd. (PFC) led the rally with gains of nearly 6%, while REC Ltd. rose 3.3%. HUDCO and IREDA also traded in the green, gaining around 3% and 1.5% respectively. Investors responded positively to the more
Read More
In a significant reshuffle of the benchmark Sensex index, retail powerhouse Trent Ltd. and public sector giant Bharat Electronics Ltd. (BEL) are set to be added to the 30-stock pack starting June 20. This update marks a strategic shift, as Nestle India Ltd. and IndusInd Bank Ltd. are scheduled to exit the index. According to estimates by Nuvama Alternative & Quantitative Research, these changes are poised to trigger notable investment flows. Trent and BEL are
Read More
Kalyan Jewellers India Ltd., one of India’s largest jewelry retailers, may be witnessing strong business momentum — but the stock is currently struggling on Dalal Street. As of Thursday, June 19, the stock was trading 1.07% lower at ₹514.35, having corrected nearly 35% from its January 2025 high of ₹795.40. Year-to-date, the stock is down 34%, despite upbeat earnings and an aggressive expansion roadmap. 📊 Citi Maintains ‘Buy’ Rating — Sees ₹650 Target Global brokerage
Read More
After a sluggish start to 2025, India’s IPO market is roaring back to life — and July might be the turning point. With several high-profile listings lined up, both retail and institutional investors have plenty to look forward to. From financial giants like HDB Financial and NSDL to industrial players like JSW Cement and Kalpataru, the IPO pipeline is packed. Estimated total fundraising? Over ₹25,000 crore — a serious vote of confidence in India’s capital
Read More