Nomura has initiated coverage on India's non-life insurance sector with a bullish stance on health insurers, assigning 'Buy' ratings to Star Health and Allied Insurance Company and Niva Bupa Health Insurance Company.The brokerage has set a target price of ₹675 for Star Health and ₹105 for Niva Bupa…
Shares of KEC International Ltd. gained on Monday, June 29, after Power Grid revoked its contractor exclusion order ahead of schedule, opening doors for future order biddings.On November 19, 2025, KEC International had said it was barred from participating in tenders for Power Grid Corporation of I…
Shares of HDFC Bank Ltd. gained in early trade on Monday, June 29, after the lender said the external legal review found no basis to former chairman Atanu Chakraborty's allegations in his resignation.Chakraborty, in his resignation letter, had cited that the bank's practices were not in congruence…
Shares of Astral Ltd. are trading lower by 6% on Monday, June 29, after the company announced a major restructuring of its business and brokerages shared mixed views on the move.Astral's board has approved a composite scheme of arrangement to separate its chemicals business into a standalone listed…
Gold and silver prices remained under pressure on Monday (June 29) as investors weighed easing tensions in the West Asia, firm crude oil prices and a stronger US dollar, while uncertainty over global monetary policy continued to influence sentiment in precious metals markets.COMEX Gold was trading…
South Korea is set to unveil three "mega-projects" to fuel its next growth phase, including a new semiconductor hub in the southwest that local media say could attract investments by Samsung and SK spanning hundreds of billions of dollars over several years.The announcement would mark President Lee…
Shares of Mumbai-based private sector lender Kotak Mahindra Bank Ltd. will be in focus on Monday, June 29, after its MD & CEO Ashok Vaswani said that he will not be seeking reappointment once his tenure ends on December 31, 2026.Kotak Mahindra Bank's board has also initiated the process for the app…
Shares of Persistent Systems Ltd. will be in focus on Monday, June 29, after brokerages offered contrasting views on the company's proposed acquisition of Germany-based digital engineering firm Nagarro SE.CLSA retained its 'High Conviction Outperform' rating on the stock with a target price of ₹6,5…
Oil prices increased post a report that the US and Iran have decided to stop attacking the other post a flare-up that witnessed a supertanker carrying Qatari crude oil being hit near Strait of Hormuz.Brent was up 1.9% at $73.39 a barrel, before it paired some gains. Meanwhile, the West Texas Interm…
Asian markets declined even as US futures rose after reports that US-Iran had restrained from fresh escalation of their conflict.South Korea's Kospi index was down 3% while Japan's Nikkei 225 was down 1%.Contracts for the S&P 500 Index climbed 0.5% and those for the tech-heavy Nasdaq 100 rose 0.6…
Sensex Today | Stock Market LIVE Updates: An important week begins for Dalal Street after the long weekend as the June quarter draws to a close. Starting Wednesday, companies will begin reporting their auto sales figures and provisional business updates for the quarter gone by. That will now be the…
A whole host of companies, ranging from Bajaj Finance, Mahindra & Mahindra, Kajaria Ceramics, Teamlease Services, Gujarat Gas, among others will witness corporate actions taking place this week for their respective announcements made earlier. These announcements pertain to the final dividends, shar…
Futures on Wall Street have begun trading on a positive note on Sunday evening after a volatile last week, which saw chip stocks being whipsawed, and culminating in the S&P 500 and Nasdaq reporting five straight days of losses.The Dow futures are trading with gains of close to 140 points, while the…
The boards of state-run entities REC Ltd. and Power Finance Corporation Ltd. (PFC), have approved the scheme of merger on Sunday, June 28, 2026, both companies stated in their respective exchange filings.This merger will result in the combined entity having an aggregate loan book of over ₹11 lakh c…
What a fascinating churn has gripped the world of Indian private sector banks in the past few years!There was a time when the new private sector banks comprising HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank were the only ones that mattered to investors and the “old” private sector banks…
Salt can become a hot commodity amid a boom in demand for sodium-ion batteries, according to Morgan Stanley.Analyst Jack Lu and his team at the bank predict sodium-ion batteries will account for 20% of total battery deployment market share by 2030 and 37% in 2035. Currently, his team expects it to…
The view at the halfway point of the year on Wall Street is more rosy than could've been expected at just about any point over the past six months now that a U.S.-Iran resolution is in sight.This week, JPMorgan hiked its 2026 S&P 500 target to 7,800 from 7,200, suggesting another 5% rise from curre…
Shares of Waaree Energies Ltd. will be in focus on Monday, June 29, after the company issued a clarification on recent media reports concerning a determination by the US Customs and Border Protection (CBP) in an anti-circumvention investigation.Waaree said the CBP's findings do not conclude that th…
India’s fixed income market enters a new era of growth as investors increasingly look for balanced and resilient investment strategies. The market is witnessing increased retail participation, regulatory reforms, and growing relevance in portfolio allocation.As fixed income continues to gain moment…
The Nifty extended its winning streak for a second straight session on Thursday, adding 34 points to settle at 24,056, although gains were trimmed sharply due to profit booking in the second half of the session.The benchmark index opened more than 100 points higher and climbed to an intraday high o…
