Stock Market LIVE: HBL Engineering Gets Order Worth Rs 54 Crore
HBL Engineering Ltd. received order worth Rs 54 crore, the company said in the exchange filing.
IPO News: Highway Infra Lists At 67% Premium Over IPO Price
Highway Infrastructure Ltd. made a stellar debut at the stock market on Tuesday, listing at a premium of 67% over the IPO price. The scrip opened trading at Rs 115 on the NSE and Rs 117 on the BSE. The IPO price was Rs 70.
The Rs 130-crore IPO was subscribed 300.61 times, with the non-institutional investors portion overbooked by 447 times, institutional investors by 420 times and the retail portion by 156 times.
Stock Market LIVE: Suzlon Energy Share Price Gains Ahead Of Q1 Results Announcement
The shares of Suzlon Energy Ltd., was trading higher ahead of the company posting its first quarter results. The company in the previous quarter had reported a nearly fivefold surge in its fourth-quarter net profit, majorly due to a deferred tax credit but also driven by solid revenue and operating income growth.
Stock Market LIVE: Hindalco Industries Shares Fall After Novelis Q1 Profit Drops
Hindalco Industries Ltd. shares fell during early trade on Tuesday after US arm Novelis Inc. reported a subdued first quarter, missing market expectations.
The company’s net profit fell 67% sequentially to $96 million for the June quarter of fiscal 2026. On a year-on-year basis, it was down 36%.
Sectoral Performance At Open: Nifty Finance Underperforms
On National Stock Exchange Ltd., three sectoral indices opened lower, eight higher, and four remained flat out of 15.
Nifty Detractors: ICICI Bank And HDFC Bank Weigh The Most
ICICI Bank Ltd., HDFC Bank Ltd., Hindalco Industries Ltd., Kotak Mahindra Bank Ltd., and Infosys Ltd. weighed in the Nifty 50 index.
Mahindra & Mahindra Ltd., Larsen & Toubro Ltd., Tata Consultancy Services Ltd., ITC Ltd., and Sun Pharmaceutical Industries limited losses in the NSE Nifty 50 index.
Opening Bell: Nifty, Sensex Reverse Gains At Open
The NSE Nifty 50 and BSE Sensex reversed all gains at open as ICICI Bank Ltd. and HDFC Bank Ltd. shares weighed. The indices were trading 0.04% and 0.07% down, respectively as of 9:20 a.m.
Yield On 10-Year Bond Opens Flat
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The yield on the 10-year bond opened flat at 6.44%
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
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Rupee opened 4 paise weaker at 87.70 a dollar
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It closed at 87.66 a dollar on Monday.
Source: Bloomberg
Hyundai Motors Share Price Rated New Buy At Goldman Sachs On ‘Strong Product Cycle’
Goldman Sachs has initiated its coverage on Hyundai Motors India with a ‘Buy’ with a target price of Rs 2,600. The broking’s optimistic outlook is based on its belief that Hyundai is exceptionally well-positioned to capitalise on a major stress point in the auto industry. The view is driven by key factors, like the company’s product cycle, capacity expansion, and favourable macroeconomic conditions.
Goldman Sachs highlights that the company is in a strong position to launch new products and gain market share as it expands its manufacturing capacity. This strategic “catch-up” is expected to be a significant growth boost.
Stock Market Live Update: BofA On India Strategy
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Expect muted returns; be nimble/rotate sectors for alpha
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Risks skewed to downside
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Small and midcaps still overvalued but see some pockets of opportunities
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Move IT sector from Underweight to Overweight and Utilities from UW to Neutral
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Continue to expect negative returns from small and midcaps
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See pockets of opportunities now within Building Materials, Auto Components& Travel/Tourism
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Continue to prefer Large caps over Small and midcaps
Six factors to drive volatility –
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Consensus earnings cuts to continue
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Trade tariffs: base case is for India to attract 15% tariffs from the US; see downside risk if higher tariffs at 25-50% sustains
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US Macro outlook remains uncertain
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Populism step-up: subsidy spike could curtail capex (see report): a market risk
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Flows: risk-reward for FIIs is still unfavorable; do not see revival of FII flows
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Policy response: India may step-up legislative reforms, improve policies and offer fiscal support to boost growth/avert tariff impact
Asian Markets Update LIVE: Japan’s Nikkei 225 Hits Record High
Japan’s benchmark index Nikkei 225 hit a record high in Tuesday’s session. Markets in China, South Korea, and Australia advanced after the US extended deadline on interim relief from tariffs on Chinese imports.
The Nikkei 225 was trading 2.53% higher at 42,887.50 as of 8:03 a.m. The S&P ASX 200 and KOSPI were trading 0.18% and 0.70% higher, respectively.
US Markets Update: Mixed As Traders Await CPI Data
US stock futures were trading on a mixed note on Tuesday morning as market participants assessed trade relation between US and China while awaiting inflation number.
The Dow Jones Industrial Average 0.06% rose and S&P 500 futures were trading 0.01% down as of 7:54 a.m.
LIVE: GIFT Nifty Implies Negative Open; Ashoka Buildcon, Muthoot Microfin In Focus
The GIFT Nifty was trading 0.12% or 28.50 points higher at 24,580.50, which indicated 5 points lower open for the benchmark NSE Nifty 50 index.
Ashoka Buildcon Ltd., Muthoot Microfin Ltd., Dollar Industries Ltd., Ugro Capital Ltd., and Bata India Ltd. shares will likely be in focus because of first-quarter results.
The Indian equity benchmarks closed in the green on Monday as shares of HDFC Bank Ltd., Reliance Industries Ltd. and State Bank of India led the gains.
The NSE Nifty 50 ended 221.75 points or 0.91% higher at 24,585.05 and the BSE Sensex ended 746.29 points or 0.93% up at 86,604.08.
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