November 23, 2024

Indian stock markets

Sectoral shifts in Indian markets: Industrials, metals lead, financials expected to rebound, says Phillip Capital | Stock Market News

Sectoral shifts in Indian markets: Industrials, metals lead, financials expected to rebound, says Phillip Capital | Stock Market News

TheSpuzz Desk012 mins

Source: Live Mint Global brokerage house Phillip Capital, in a recent note, observed that it has witnessed sectoral shifts within the Nifty and broader Indian equity markets, focusing on changes over both long and short terms. According to the report, investment-oriented sectors, including cement and building materials, gained considerable traction post the Covid-19 pandemic and…

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Gensol Engineering stock rallies over 7% as promoter buys 12,000 shares from open market; now holds a 21.17% stake | Stock Market News

Gensol Engineering stock rallies over 7% as promoter buys 12,000 shares from open market; now holds a 21.17% stake | Stock Market News

TheSpuzz Desk04 mins

Source: Live Mint Shares of Gensol Engineering surged over 7 percent in intra-day trading on Thursday, September 26, following the announcement that the company’s promoter and managing director, Anmol Singh Jaggi, purchased 12,000 shares from the open market. This acquisition increased his stake in the company to 21.17 percent. “This is for the information of…

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Sensex, Nifty hit record highs! How should investors navigate an expensive market? Expert Insights | Stock Market News

Sensex, Nifty hit record highs! How should investors navigate an expensive market? Expert Insights | Stock Market News

TheSpuzz Desk010 mins

Source: Live Mint Indian markets scaled a fresh all-time high for the sixth consecutive session on Thursday, September 26, driven by positive global sentiment and robust domestic inflows. During today’s intra-day trading, the Nifty climbed 84 points to hit a new peak of 26,087, while the Sensex surged 293 points to a record high of…

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HSBC upgrades IIFL Finance to ‘hold’ from ‘reduce’ post-RBI move, raises target price to ₹540, sees 8% upside | Stock Market News

HSBC upgrades IIFL Finance to ‘hold’ from ‘reduce’ post-RBI move, raises target price to ₹540, sees 8% upside | Stock Market News

TheSpuzz Desk08 mins

Source: Live Mint Following the recent lifting of RBI restrictions on its gold loan business, global brokerage house HSBC upgraded IIFL Finance stock to ‘hold’ from ‘reduce.’ HSBC also raised the stock’s target price to ₹540 from ₹350 earlier, implying an 8 percent upside potential. HSBC also upgraded its FY25-27 EPS estimates by 6 percent…

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Markets near record high! Experts suggest key sectors to watch in this bullish market: Prefer IT and banks | Stock Market News

Markets near record high! Experts suggest key sectors to watch in this bullish market: Prefer IT and banks | Stock Market News

TheSpuzz Desk07 mins

Source: Live Mint Benchmark indices Sensex and Nifty hit new highs in the previous session on September 24. However, as of September 25, trading remains subdued, with muted movement across the markets. On September 24, Benchmark Sensex reached a record high of 85,163.23, crossing the 85,000 mark for the first time, while Nifty set a…

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Multibagger stock Servotech Power Systems soars 7,500% in 5 years, hits 5% upper circuit on preferential share issuance | Stock Market News

Multibagger stock Servotech Power Systems soars 7,500% in 5 years, hits 5% upper circuit on preferential share issuance | Stock Market News

TheSpuzz Desk05 mins

Source: Live Mint Shares of Servotech Power Systems hit their 5 percent upper circuit of ₹191.99, marking a record high following the company’s announcement of a fundraising initiative via preferential share issuance. The Board of Directors approved the issuance of warrants convertible into equity shares during a meeting held on September 23, 2024. The decision…

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