ITC extended losses, hitting a two-year low, whereas insurance stocks gained ahead of monthly data, with HDFC Life among the top performers. Kotak Mahindra Bank ended 2% lower despite healthy quarterly numbers. Metal counters like NALCO and Hindalco advanced, while IEX surged 9% on positive developments in the market coupling case. Select pharma and tech…
Indian stock markets: The Indian stock market ended largely flat on Tuesday, 30 December, as investors stayed cautious amid a lack of fresh domestic triggers and mixed global cues. The Sensex closed at 84,675.08, down 20 points, or 0.02%, while the Nifty 50 slipped 3 points, or 0.01%, to 25,938.85. The BSE Midcap index eased…
Despite the weakness, select stocks managed to outperform, with Trent, Shriram Finance, Apollo Hospitals, UltraTech Cement, and Adani Ports emerging as notable gainers. On the other hand, heavyweights such as Interglobe Aviation, Wipro, Dr Reddy’s Laboratories, Sun Pharma, and Tata Motors Passenger Vehicles dragged the index lower. The session highlighted a clear risk-off mood, with…
Auto sector outlook 2026: After a strong 2025, the Indian auto sector is entering 2026 on a stronger footing aided by domestic demand after GST rate cuts and favorable policy measures. The Nifty Auto index has already gained 22% so far this year, reflecting optimism around earnings visibility and structural growth drivers. In comparison, the…
MUFG- Shriram Finance Deal: Shriram Finance share price has witnessed a relentless climb in recent times, soaring 97% from its 52-week low as investor enthusiasm around the landmark investment by Japan’s MUFG Bank surged. MUFG Bank would acquire a 20% stake in the company for 39,620 crore of the company through a preferential allotment of…
stock market update On 24 December, the Sensex and the Nifty ended lower ahead of the Christmas holiday, weighed down by FII selling and profit-booking across key sectors. The benchmark indices slipped from their intraday highs, with the Sensex closing at 85,408.70, down 116.14 points (0.14%), while the Nifty settled at 26,142.10, losing 37.45 points…
