Uncategorized

Market breadth remained firmly negative, with the advance-decline ratio at 1:2. Thirty-four Nifty stocks ended in the red, while 11 constituents fell 2% or more.

According to Gautam Duggad, MD & Head of Sales, Institutional Equities at Motilal Oswal Financial Services, remains positive on NBFCs, automobiles, telecom and consumer discretionary stocks, while staying cautious on capital goods valuations and underweight on IT, FMCG and commodities.

Omaxe shares have rallied nearly 24% over the past month, buoyed by its ₹6,200 crore hospitality expansion plans. However, rising borrowings, negative reserves, regulatory scrutiny and project execution concerns continue to cast a shadow over the realty developer’s outlook.

Investors are returning to Apple Inc. as AI spending concerns weigh on chipmakers. Apple’s shares gained 16% since June 25, hitting a record.

BofA Securities sees Netweb as one of the key beneficiaries of India’s expanding artificial intelligence infrastructure buildout. The brokerage said the company has built a strong competitive advantage through its 15-year partnership with NVIDIA, expertise in supercomputing, and long-standing relationships…

The won gained as much as 0.7% to reach 1,486.20 per dollar, the highest since May 12. It’s the best-performing currency in Asia on Tuesday.

Tuesday’s decline marked Bajaj Consumer’s biggest single-day fall since March 2020, with trading volumes surging to 33.8 lakh shares, compared with the 20-day average of 4 lakh shares.

New models from Mercedes-Benz, BYD, MG, Mahindra & Mahindra, Honda, and Kia are scheduled to be launched over the coming quarters, Landmark Cars said in a statement.

The Indian currency has lost over 0.9% value against the US dollar by the second trading day of the week.

Samsung has allegedly held preliminary discussions with lenders but is yet to make a decision regarding proceeding with the same, people in the know told Bloomberg.