The Latest Breaking News from Debaroti Adhikary

PB Fintech shares crash 36%, bloodbath wipes off Rs 31,426 cr from m-cap after IRDAI’s reform plans. What Citi and Jefferies are warning

PB Fintech shares crashed 36% to a 52-week low after IRDAI proposed an overhaul of insurance distributor commissions. The proposed norms could tighten distribution economics, with brokerages warning of lower commission income across key insurance segments.

The Economic Times · Sep 24

IFCI, New India Assurance, other stocks drop up to 3% as NSE makes a muted market debut. What to expect?

On Thursday, shares of IFCI, New India Assurance Company, and General Insurance Corporation fell up to 3%. The National Stock Exchange listed with less than a 1% premium over the IPO price. NSE's initial public offering aimed to raise Rs 22,562 crore entirely through an offer for sale. Analysts anticipated…

The Economic Times · Sep 24

BSE shares fall 2% as NSE makes market debut. Here's why Macquarie sees 22% upside

On Thursday, BSE shares fell by 1.5%, coinciding with NSE's much-anticipated market debut after a lengthy IPO process. The initial response from analysts was varied; while Macquarie predicted a potential rise in BSE's target price, both Nuvama and Jefferies warned of looming regulatory hurdles that might impact market engagement. Despite…

The Economic Times · Sep 24

Meesho shares drop 4% after block deal worth Rs 900 crore. Should you buy the dip?

Meesho shares witnessed a dip on Wednesday after 3.86 crore shares changed hands in a block deal worth Rs 899.71 crore on the BSE. The transaction came a day after the stock surged nearly 10% following UBS’ 24% target price hike.

The Economic Times · Sep 23

Sensex jumps 299 points, Nifty closes near 23,450 as oil dips below $99/barrel. What can trigger the next sharp rally on D-Street?

The Indian stock market closed positively on Wednesday, with Sensex climbing over 299 points to stand at 74,828, and Nifty gaining roughly 118 points to reach 23,447. Broader market indices also performed well, with Nifty Midcap 100 and Smallcap 100 showing increases of up to 0.9%. Major sectors like metal…

The Economic Times · Sep 23

Bajaj Finance shares jump 3% after UBS upgrades to Neutral, hikes target price while Jefferies screams Buy

Bajaj Finance shares jumped 3% on Wednesday following bullish brokerage calls. Global brokerages Jefferies and UBS issued positive outlooks, with Jefferies maintaining a Buy rating with a target of Rs 1,280, while UBS upgraded the stock to Neutral with a target price of Rs 1,100.

The Economic Times · Sep 23

Ola Electric shares soar 10%, stock rallies 86% in 6 months. More upside ahead?

Ola Electric shares surged nearly 10%, extending their three-session rally and gaining over 86% in six months from the March low. Brokerages, however, remain cautious amid weak volumes, lower margins and continued cash burn.

The Economic Times · Sep 23

Voltas share price: Nuvama upgrades rating but Jefferies cuts target price after analyst meet. Here’s why

Shares of Voltas received mixed brokerages calls after the company’s analyst meet. Nuvama upgraded the stock to ‘Hold’ but cut its target to Rs 1,220, while Jefferies retained ‘Buy’ and lowered its target to Rs 1,495. Margin pressures, rising costs and market-share gains remain key factors for investors.

The Economic Times · Sep 23

Ahead of Market: 10 things that will decide stock market action on Wednesday

Indian equities reversed morning gains on Tuesday, with Sensex falling 330 points and Nifty closing lower after sharp volatility during the closing auction session. F&O expiry, foreign outflows, geopolitical uncertainty, IT pressure and elevated crude prices weighed on market sentiment.

The Economic Times · Sep 22

HDFC Bank shares hit 7-week high as RBI weighs Anup Bagchi for CEO post. What lies ahead?

HDFC Bank shares rose to a nearly seven-week high of Rs 749.30, extending gains to 5% over three sessions, after ET reported that the RBI is weighing Anup Bagchi’s candidature for the bank’s CEO and MD post and has sought feedback from IRDAI and ICICI Bank CEO Sandeep Bakhshi.

The Economic Times · Sep 22