Trent, RIL, DMart, Senco Gold and other top movers drove D-Street action on Monday as Nifty rose 255 points and Sensex gained 787 points amid strong quarterly updates and market-wide buying. Source link
UAE-based Valura.ai makes India debut with a Rs 3,000 crore AUM pipeline
AI-native investment platform Valura.ai on Monday announced the onboarding of over 1,000 wealth advisors across India ahead of its official launch, with a collective asset under management (AUM) pipeline exceeding Rs 3,000 crore over the next 12-18 months. The onboarded network includes Independent Financial Advisors (IFAs), Registered Investment Advisors (RIAs), Mutual Fund Distributors, and Chartered […]
Intense quick commerce competition ahead? UBS cuts Eternal, Swiggy’s target prices but sees attractive valuations
UBS reduced its FY27-29 quick commerce NOV estimates by 7-11% for Blinkit, and GOV estimates by 17-22% for Instamart. It noted that the entry of well-funded companies like Amazon and Flipkart into the quick commerce space may pressure growth and margins of the existing players in the near term. “Larger platforms such as Amazon, Flipkart […]
Rs 3 lakh crore added! Sensex jumps 600 pts, Nifty tops 22,900; Iran-US ceasefire framework, 3 other factors behind the rally
Indian stock markets erased all morning losses and turned positive in the afternoon session on Monday. The sudden rebound followed media reports on Pakistan-brokered Iran-US ceasefire framework, and other factors boosted investor confidence. At around 2:20 PM, Sensex traded 631 pts higher at 73,949, whereas Nifty50 rose 214 pts or 0.94% to 22,927. The sudden […]
Reliance Industries shares plunge 6% in two days, erase Rs 1 lakh crore m-cap. What’s next?
The shares of Reliance Industries (RIL) have crashed around 6% in two days, wiping off more than Rs 1 lakh crore from the total market capitalisation of India’s most valuable company and dragging down benchmark indices Sensex and Nifty. The shares of the Mukesh Ambani-led company dropped over 4% to trade at Rs 1,290.30 apiece […]
40% of Nifty 50 firms faced EPS cuts amid March selloff: Check which stocks saw biggest cuts and upgrades
Indian stock markets saw a massive selloff in March, wiping off a significant portion of investors’ wealth as skyrocketing oil prices amid raging war between Iran-US spooked investors. In the middle of the crisis, around 40% of Nifty 50 companies saw EPS estimate cuts for FY27, JM Financial said. Nifty 50 has delivered a negative […]
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Trump’s Inauguration Day: What to expect Donald Trump’s second term as US President will begin with his inauguration on Monday. He plans to sign numerous executive orders and hold a campaign-style rally. Several foreign leaders are invited, and outgoing President Joe Biden will attend. The events are largely funded by Trump’s inauguration committee. Source link
Nykaa shares rally nearly 4% on strong Q4 business update
Shares of FSN E-Commerce Ventures (Nykaa) surged as much as 3.9% to Rs 255.50 during Monday’s trading session following the company’s Q4 FY2026 quarterly revenue update, which signaled robust operational momentum. The company reported strong performance for the quarter, with consolidated gross merchandise value (GMV) growth expected in the late twenties, while net sales value […]
Jefferies initiates coverage on 2 rail stocks, says Titagarh can rally 32%
Jefferies has initiated coverage on two rail rolling stock makers with contrasting calls, betting on a sharp re-rating in Titagarh Rail Systems while turning cautious on Jupiter Wagons. The brokerage has started coverage on Titagarh Rail with a Buy rating and a price target of Rs 810, implying a 32% potential upside from the previous […]
Wipro shares in focus after bagging Olam deal worth more than $1 billion
Shares of Wipro Limited will be in focus heading into trade on Monday, after the company announced a major multi-year strategic transformation deal with Olam Group, marking one of its largest engagements. The company has secured an 8-year contract with the total deal value expected to exceed $1 billion, including a committed spend of $800 […]