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Stock Market LIVE: GIFT Nifty signals flat open for Sensex, Nifty; Asia dips on Moody's US downgrade
8:07 AM
Stock Market LIVE Updates: Inox Green signs agreements for O&M of 285 MWp of solar projects
Stock Market LIVE Updates: Inox Green Energy Services Ltd., India's leading renewables operations and maintenance (O&M) service provider, announced today that the company has entered into agreements to provide O&M services for 285 MWp of solar projects of two of India's leading renewable energy companies.
The projects are located across multiple sites which are owned by the said companies. With this agreement, Inox Green's solar O&M portfolio has grown to ~ 1 GW within a month of entering into this segment.
SK Mathu Sudhana, CEO of Inox Green, said, "We continue to rapidly add solar assets to our portfolio under O&M and we are delighted to announce that we have secured additional 285 MWp across multiple sites. As developers across India continue to add multi-gigawatt solar capacities every month, we believe that through our expertise, credentials and tailor-made solutions for solar project O&M, we are well-placed grow rapidly in this segment.'
8:05 AM
Stock Market LIVE Updates: Paint major Berger's palette finds contrast in a washed-out quarter
Stock Market LIVE Updates: Listed paint companies delivered another subdued performance in the January–March quarter (Q4) of FY25, with average revenue growth coming in at under 3 per cent. The overall numbers were dragged down by Asian Paints — the industry leader — which was the only major player to report a year-on-year (Y-o-Y) decline. Excluding Asian Paints, the rest of the sector posted a modest 5 per cent growth.
Top paint stocks have continued to underperform benchmark indices and sectoral peers such as the BSE FMCG and BSE Consumer Discretionary indices over periods ranging from three months to two years. Brokerages remain cautious on the sector, citing muted demand and growing competitive pressures. READ MORE
8:00 AM
Stock Market LIVE Updates: AIFs push to flip the switch on regulatory static to ease fund flows
Stock Market LIVE Updates: The alternative investment fund (AIF) industry has urged the market regulator to create an inter-regulatory platform where all stakeholders, including regulators such as the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (Irdai), can be onboarded to help address operational hurdles in domestic capital formation.
The Indian Venture and Alternate Capital Association (IVCA) made the request during a meeting with Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey last week, citing Sebi's role as the principal overseer of the industry. READ MORE
7:55 AM
Stock Market LIVE Updates: Street Signs: Markets stretch their legs, May 12's phantom rally, and more
Stock Market LIVE Updates: The Nifty benchmark jumped more than 1,000 points (4.2 per cent) last week, gussied up by positive developments, including the Pakistan ceasefire 'understanding', renewed hope for a US trade deal, and expectations of further Reserve Bank of India interest rate cuts.
The 50-share index closed at 25,020, positioning itself for a possible advance towards 25,500.
Technical analysts see last week's gains and broad sector support as signs of a bullish trend. Key indicators include the relative strength index staying above 60 and India Vix dropping nearly 23 per cent to 16.55. READ MORE
7:50 AM
Stock Market LIVE Updates: RBI seeks govt nod for bigger contingent risk buffer band after ECF review
Stock Market LIVE Updates: The Reserve Bank of India's (RBI's) central board, which met las week and reviewed the economic capital framework (ECF), has sought the government's approval to expand the range of the contingent risk buffer (CRB), multiple sources aware of the development told Business Standard.
The buffer is at 5.5-6.5 per cent of the RBI's balance sheet, which is in accordance with the recommendations of the Bimal Jalan committee. READ MORE
7:47 AM
Stock Market LIVE Updates: Raise, fold, and repeat: Promoters play a tense Q4 hand, shows data
Stock Market LIVE Updates: Max Financial Services, Ashok Leyland, Easy Trip Planners, and Kalyan Jewellers India saw the highest increases in promoter share pledging during the January–March quarter of FY25, according to a report by Kotak Institutional Equities (KIE).
On the other hand, companies such as Aster DM Healthcare, GMR Airports, and Swan Energy reported a reduction in pledged promoter shares.
Overall, promoter pledging inched up slightly to 0.86 per cent in the January–March period, compared to 0.84 per cent in the previous quarter (October–December FY25). A total of 69 companies had some level of promoter share pledging, with the total pledged value amounting to ₹1.57 trillion — representing just 0.43 per cent of the BSE 500's market capitalisation. READ MORE
7:43 AM
Stock Market LIVE Updates: Gold price falls ₹10 to ₹95,120; silver down ₹100, trades at ₹96,900
Stock Market LIVE Updates: The price of 24-carat gold fell ₹10 in early trade on Monday, with ten grams of the precious metal trading at ₹95,120 according to the GoodReturns website. The price of silver fell ₹100, with one kilogram of the precious metal selling at ₹96,900.
The price of 22-carat gold fell ₹10, with ten grams of the yellow metal selling at ₹87,190.
The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at ₹95,120.
In Delhi, the price of ten grams of 24-carat gold stood at ₹95,270. READ MORE
7:34 AM
Stock Market LIVE Updates: Semicon 2.0: India eyes 5% slice of global semiconductor chip pie by 2030
Stock Market LIVE Updates: The central government is targeting a 5 per cent share of global semiconductor chip production by 2030 as it prepares to launch the next phase of the India Semiconductor Mission, dubbed Semicon 2.0. This comes alongside the rollout of disbursements from the previously announced $10 billion incentive package aimed at attracting semiconductor fabrication (fab) units, as well as Outsourced Semiconductor Assembly and Test (OSAT) and Assembly, Testing, Marking, and Packaging (ATMP) companies.
Under the scheme, five projects have already qualified for support, marking a significant step forward in India's ambitions to become a key player in the global semiconductor ecosystem. READ MORE
7:33 AM
Stock Market LIVE Updates: US-China tariff truce: Indian shippers see cargo rush, freight rates surge
Stock Market LIVE Updates: After the United States (US) administration announced a 90-day pause on the tariff war with China last week, Indian shippers are facing the risk of being caught in disruption in global supply chains because Chinese goods are seeing an evacuation rush.
'The US-China announcement on the temporary lowering of tariffs fired the starting gun for shippers to rush as many imports as they can during the 90-day window of opportunity. READ MORE
7:30 AM
Stock Market LIVE Updates: Slew of PSU stake sales soon; govt plans to divest 6.5% in LIC in tranches
Stock Market LIVE Updates: The government plans to divest a 6.5 per cent stake in Life Insurance Corporation (LIC) of India over the next 24 months through multiple tranches, as part of a broader strategy to initiate a series of share sales in central public-sector enterprises (CPSEs) during the current financial year. The move aims to help these firms meet the minimum public shareholding (MPS) norms set by the stock market regulator.
'We will adopt a strategy of regular offers for sale (OFS) in smaller tranches this year. This serves as a forward guidance for small investors to stay alert for these opportunities,' said Arunish Chawla, Secretary of the Department of Investment and Public Asset Management (DIPAM), in an interview with Business Standard.
Although most CPSEs now comply with the MPS rule requiring at least 25 per cent public shareholding in listed companies, some entities in sectors such as defence, railways, and finance still fall short. 'We are actively pursuing their disinvestment, and we hope to bring them in line with MPS norms within the next year,' Chawla added. READ MORE
7:29 AM
Stock Market LIVE Updates: India will stay the top market for 20 more years, says Vikas Khemani
Stock Market LIVE Updates: Foreign flows to Indian stock markets have started to trickle in as geopolitical developments back home and US tariff-related fears have abated. Vikas Khemani, founder, Carnelian Asset Management, tells Business Standar d that global investors are significantly underweight on India, and that this will change over the next five to 10 years. He expects India's equity weight in major global fund allocations to increase over the next decade, which could result in an inflow of $1.5 trillion — a substantial figure given India's current market capitalisation of $5 trillion. READ MORE
7:25 AM
Stock Market LIVE Updates: Stock tips, May 19: Concor, TVS Motor among top bets suggested by analyst
Stock Market LIVE Updates: CONCOR has shown impressive growth, surging over 12 percent in the past trading week. This surge has been accompanied by an increase in average trading volumes, which suggests that market interest is building and points to the possibility of a reversal in its trend. Also, the stock has surpassed its 100 DEMA after a long period.
Additionally, the MACD line signifies a positive crossover near its zero line, adding a bullish quotient. Overall, these technical indicators suggest that CONCOR may be entering a period of sustained growth, making it an intriguing option for those looking to invest. READ MORE
7:24 AM
Stock Market LIVE Updates: Moody's downgrade of US rating may not dent stock markets much: Analysts
Stock Market LIVE Updates: Analysts believe that global financial markets are unlikely to react strongly to Moody's downgrade of the United States' credit rating from AAA to Aa1, aside from a possible short-term, knee-jerk response.
On the domestic front, Indian stock markets are expected to remain more focused on local factors such as the progress of the monsoon, corporate earnings, and key economic data. Ongoing discussions around tariff-related issues with the US will also play a role in shaping market sentiment.
Experts noted that Moody's decision appears aimed at aligning its rating with those of Fitch and S&P, which had already downgraded US credit in earlier years. Fitch lowered its rating to AA+ in August 2023, while S&P made a similar move back in August 2011. READ MORE
7:23 AM
Stock Market LIVE Updates: America loses last AAA credit rating: What happened and what it means
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Time of India
37 minutes ago
- Time of India
Rajesh Bhosale turns cautious on RIL, sees short-term weakness continuing
"If we consider the RSI momentum indicators, possibly this positive momentum is likely to extend, so bullish on ICICI as well as HDFC Bank , but we sense that this momentum is likely to be led by the ICICI Bank ," says Rajesh Bhosale, Angel One. Tell us what is your view particularly on the indices at present Nifty and Bank Nifty ? Rajesh Bhosale: So, yes, if we see definitely a green day for the markets. Friday, we had a weak closing for both Nifty and Bank Nifty. Despite that, there was no follow-up selling and in fact, from the crucial 50 EMA, both Nifty and Bank Nifty has bounced back. If we see Bank Nifty, it has already crossed its Friday's swing high. So, definitely we sense that this positive momentum can extend. So, for the Nifty 24,900 to 25,000 is the key support. As long this support holds, we expect Nifty to bounce back towards 25,200 to 25,250. So overall, Nifty is trading within the range of 24,900 to 25,250 and since we are at a lower range, buy on dip would be preferred for the higher targets. Explore courses from Top Institutes in Select a Course Category healthcare PGDM Artificial Intelligence Finance Digital Marketing Others Product Management Cybersecurity Management Project Management CXO Data Analytics Public Policy MBA Leadership others Data Science Design Thinking Data Science Technology Operations Management MCA Degree Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Up to 70% off | Shop Sale Libas Undo As far as sectors are concerned today, MDB is the formula. M for metals; D for defence, and B for banks, leaving private banks otherwise banking sector is doing quite well. I want to ask you if you have any picks in these three sectors. Rajesh Bhosale: Yes. So definitely, private banks are leading the charge for today's session, especially the ICICI Bank and HDFC Bank. HDFC Bank is still trading in a trading range. But if we consider ICICI Bank , it is almost on the verge of a channel breakout. It has been trading in a consolidation for last two months, but it is now testing the high range. And if we consider the RSI momentum indicators, possibly this positive momentum is likely to extend, so bullish on ICICI as well as HDFC Bank , but we sense that this momentum is likely to be led by the ICICI Bank. I also want to know your view on Reliance Industries. It was though a mixed one can say a quarter for the Reliance Industries where profits did surge on the back of Jio's strong show. What is your view because there are a lot of sectors which we need to analyse while we take care of the Reliance Industries in particular. Rajesh Bhosale: Yes, so definitely, there is weakness in Reliance and the rally that we had seen during the mid-June that has been fizzled out and in fact both the short-term as well as medium-term moving averages has been breached. So, we do expect further weakness in the Reliance, possibly Reliance can retest the levels of 1400. So, as of now the view would be to wait on to buy.
Economic Times
an hour ago
- Economic Times
Commodity Radar: 5 factors to impact gold price movement this week. Here's how to trade
(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
Economic Times
an hour ago
- Economic Times
Stock market update: Nifty Realty index advances 0.02% in an upbeat market
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