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Stock Market LIVE: Sensex rises 300 pts, Nifty near 25,550; auto, defence, pharma stocks rally
10:35 AM
Stock Market LIVE Updates: Motilal Oswal Financial Services gains 6%
Stock Market LIVE Updates: Motilal Oswal Financial Services share price jumped 6.1 per cent in trade on Thursday, logging an intraday high at ₹907.85 per share on BSE. The buying interest came after the company arm Motilal Oswal Asset Management Company's Assets Under Management (AUM) crossed ₹1.5 trillion across Mutual Funds (Active & Passive), Portfolio Management Services (PMS) and Category-III Alternative Investment Funds (AIFs).
At 10:33 AM, Motilal Oswal Financial Services share price was trading 5.5 per cent higher at ₹902.45 per share on the BSE. In comparison, the BSE Sensex was up 0.43 per cent at 83,770.77. The company's market capitalisation stood at ₹54,102.84 crore. Its 52-week high was at ₹1,063.4 per share and 52-week low was at ₹487.85 per share. READ MORE
9:58 AM
Stock Market LIVE Updates: Defence stocks in focus
Stock Market LIVE Updates: Defence shares, such as Hindustan Aeronautics, Bharat Electronics, Bharat Dynamics, were rising in trade on Thursday amid reports that India and the US have agreed on defence framework. The 10-year framework will see a strategic partnership between the two countries for sharing defence know-how and increased supply of defence equipments.
9:20 AM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: In the broader markets, the NSE Midcap 100 and NSE Smallcap 100 rose 0.17 per cent each.
9:20 AM
Stock Market LIVE Updates: Here's a look at Sensex gainers and losers
Stock Market LIVE Updates: Asian Paints, Eternal, PowerGrid, Tata Steel and Infosys were among the top gainers on Sensex. Kotak Mahindra Bank, Bajaj Finance, Bajaj Finserv, Titan and Reliance were the laggards.
9:18 AM
Stock Market LIVE: Sensex up over 200 pts, above 83,600
Stock Market LIVE: After the market opened, Sensex was trading above 83,600-mark, gaining 203 points.
9:17 AM
Stock Market LIVE: Nifty opens above 25,500
Stock Market LIVE: Post-opening, NSE Nifty50 was trading at 25,500 levels, up 48.3 points or 0.2 per cent.
9:09 AM
Stock Market LIVE Updates: Pre-open session shows higher open for Sensex, Nifty
Stock Market LIVE Updates: Pre-open ticks suggest a positive open for domestic benchmark indices. The BSE Sensex index settled at 83,559, up 149 points or 0.18% in pre-open. The Nifty50, on the other hand, ended at 25,505, up 52 points or 0.2% in the pre-open session.
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Business Standard
30 minutes ago
- Business Standard
Short-term hurdles for power stocks as monsoon stumbles
Above normal rainfall in summer months may have a bearing on the earnings of power-related companies in the near-term, cautioned analysts at SBI Capital. In a recent report, the brokerage pointed out that energy supplied slipped around 1.5 per cent year-on-year (Y-o-Y) in the April to June quarter of the current financial year (Q1FY26), the first decline seen in Q1 since FY16 (barring Covid-19 impacted FY21). This, the report added, was on the back of 60 per cent days in Q1FY26 seeing above normal rainfall, dipping the mercury. Conversely, there were only 12 days in which both maximum temperature and humidity were above normal levels. With this, peak power demand in May 2025 cooled off significantly to 231 gigawatts (GW) - off from the previous high of 250 GW hit in May 2024 (down 7.5 per cent Y-o-Y) "These trends point towards the halo of cooling requirement on power demand, which is only set to grow in the future. Given the volatile nature of weather-driven demand, this could pressure the financials of high-cost players in lean years, with them having to opportunistically play the merchant market during peak times to salvage their returns on equity (RoEs)," SBI Capital said. On the bourses, shares of companies involved in power generation have witnessed a mixed performance in Q1FY26. For instance, NTPC shares have declined over 6.4 per cent during the same period. JSW energy and Torrent Power have witnessed a similar downward trajectory, with stocks touching all-time low levels earlier this year, before erasing those losses due to the broader market revival. By comparison, the BSE Sensex index has jumped by nearly 8 per cent during the period, while the BSE Power index has underperformed the benchmark, rising by 5.2 per cent. Going ahead, analysts believe changes in weather can impact cooling demand greatly in the future. This means that volatility in power demand is set to increase, posing a challenge to both power generation and distribution companies in accurately forecasting the same and ensuring projects remain viable through lean periods. "Although the overall outlook for the power sector remains optimistic, supported by rising demand and sectoral tailwinds, the near-term outlook might witness pressure due to uneven weather conditions," concurred Kranthi Bathini, director of equity strategy at WealthMills Securities. As a strategy, he suggests investors take a buy-on-dips approach while the near-term headwinds play out. For the long-term outlook, investors might look to switch to an accumulate stance. The industry consolidation period is likely to wind down in the coming quarters, he said. Long-term plays That said, from a long-term perspective, analysts remain optimistic about the power sector's outlook, backed by structural tailwinds like rising power demand from data centre buildouts in the AI space. "Near-term headwinds might prove temporary, as several strong stocks have shown fresh breakouts on the charts after a period of consolidation. Plus, foreign institutional investors (FIIs) have also increased their holdings in power stocks, signalling a prospective rebound," said Ravi Singh, senior vice president for Retail research, Religare Broking. "The longer-term outlook looks quite bullish to me," he added. Notably, the International Energy Agency's (IEA) Global Electricity Outlook 2025 report said that India's electricity demand is projected to grow at an average annual rate of 6.3 per cent over the next three years, stronger than the 2015-2024 average growth rate of 5 per cent. Rating agency Icra, meanwhile, anticipates India's overall energy demand to rise by 6-6.5 per cent over the next five years, driven by the demand from rising adoption of electric vehicles (EVs), green hydrogen (GH), and the increase in data centre capacity. "These three segments are expected to contribute to 20–25 per cent of the incremental demand over the next five-year period from FY26 to FY30," the agency said. "We are looking at an upside of 8-10 per cent from the current levels in NHPC, Power Grid and Tata Power. While most power stocks have remained in a consolidation zone, after surging between 8 and 20 per cent in CY 2024, they have recently given fresh breakouts on technical charts. In the near-term, there might be some cooling off due to external factors, but we remain confident in the longer run," Singh added.
Economic Times
33 minutes ago
- Economic Times
Moderate expectations on market returns; insurance still a relative bet: A Balasubramanian
Tired of too many ads? Remove Ads Also Read: A Bala explains how dialing up risk and taking a leap of faith paid off Tired of too many ads? Remove Ads MD & CEO,, says insurance is getting the act together and therefore trying to drive the whole mind recall which has to come from buying a policy or making investment in SIP. It will increase the penetrations. Deep commitment is coming and new product offerings are coming from insurance companies, increasing the size of the pie. Therefore, having seen the consolidation, it is a more of a relative bet.: The insurance sector has gone through consolidation and in the last two-three years, these sectors have remained underperformers. At the same time, like the focus that is coming in the case of mutual fund business, the insurance industry was also underpenetrated and increased focus is coming in both from the government and the regulators that every citizen of the country should have one we keep saying that har ghar mein ek SIP hona chahiye (every household should have a SIP), in the mutual fund side, in the same way, insurance is getting the act together and therefore trying to drive the whole mind recall which has to come from buying a policy or making investment in SIP. It will increase the penetrations. Deep commitment is coming and new product offerings are coming from insurance companies, increasing the size of the having seen the consolidation, it is a more of a relative bet. As we keep saying from public sector banks to the private sector; private sector to public sector; from a large-sized NBFC to the mid-sized NBFCs, the same way mutual funds asset management companies in the listed space and insurance companies as an alternative have been coming in. It is a more of a relative value it is in the life insurance business. That is where the deeper penetration is coming. Anyways in the case of health insurance, a limited number of players are remains a sector which we cannot is benchmarking. Banking and finance is a proxy with the economy. If you want to measure the success of the economy, how the banking industry functions will tell you how the economy is doing. So, the banking and financial services industry is a provider of raw material for everyone in the country. Second is they are one driver of growth as we keep saying. As the credit offtake starts picking up, we will probably see the equity market also reflecting in terms of either Sensex – not only because the index weight of the financial industry is pretty large, it is also because of the impact that it creates on the entire since they are a provider of raw material, a provider of money, the interest cost is coming down, and therefore deposit cost is coming down. As they increasingly lend more, the ROE and ROA for the banking industry will be pretty points cannot be ignored and that this is a fact. Is it a trend which is going to be everlasting or is it a trend which is going to change? The step that is being taken to correct this trend is also equally important. When the Reserve Bank of India governor took charge, his single point focus was growth. The moment growth is becoming a high priority, all the steps that are being taken, whether it is a cutting rate or advancing the rate cut well ahead of the market expectations, and then taking care of the ease of doing business when it comes to lending provisioning and infrastructure the whole ecosystem that is now being built to support the growth. The way I see it, the market does not look at the short term, the market always looks one year down the line. As we are in 2025, I think any analyst will start looking at 2026. There are a lot of moving parts. While the macro variable numbers could be true, if you look at the trend in general, for that to change, the steps that are being taken to support the trend to come back, are a lot more the market will start looking at '26 earnings. Maybe one has to, of course, remember the fact that the Indian market has been trading at a high PE multiples because of the high growth expectation that is coming on in India. Therefore, there is a high probability that return expectations versus what actually comes in could be relatively lower. One may expect 16-17% or 20% return. Against that, we may end up getting about a 10-12% kind of return but that is where one has to keep the expectations somewhat moderate.
Economic Times
34 minutes ago
- Economic Times
Emcure Pharma shares in focus as Bain Capital likely to offload 2.4% stake via block deal
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
