Mumbai: Nomura has set its price target for the Nifty for 2026 at 29,300, implying an upside of close to 13% from the index’s Tuesday closing level. ICICI Bank, Infosys, Bajaj Finance, Mahindra & Mahindra, Axis Bank, Titan, Ultratech Cement, Godrej Consumer Products, LG Electronics, CG Power, Swiggy, Dr Reddy’s, Dixon Technologies, Alkem, Mahindra Finance,…
Foreign Institutional Investors’ (FIIs) have been net buyers of Indian equities in November so far, offloading shares worth Rs 3,788 crore, taking the total outflow tally to Rs 1,43,698 crore in 2025. In the week gone, FIIs selling was to the tune of Rs 188 crore this week amid bouts of buying activity. The Friday…
Saregama, part of the RPSG Group, reported a 2% yoy decline in net profit to Rs 44 crore for the quarter ended September compared to the same quarter of the previous fiscal. Revenue from operations declined 5% to Rs. 230 crore, while adjusted EBITDA remained flat Rs 85 crore. The board declared an interim dividend…
Mumbai: India’s stock indices climbed 1% each on Thursday as the pace of selling by overseas investors slowed, while buyers cheered second-quarter earnings on expectations of a trade truce between Washington and New Delhi. Analysts said the Nifty can inch toward 26,000 levels in the next couple of weeks, but post Diwali, the continuation of…
Motilal Oswal Securities has reaffirmed optimism on India’s consumer sector after a steady first quarter. Its top bets are Hindustan Unilever, Godrej Consumer, Marico, Page Industries, Titan, P N Gadgil, and Restaurant Brands Asia. Agencies The brokerage expects a broad-based recovery in FY26, driven by easing inflation, potential rate cuts, tax benefits, and a strong…
Gold prices surged to record highs on Friday as escalating tensions between Israel and Iran pushed investors towards safe-haven assets. On the Multi Commodity Exchange, gold futures for the August 5, 2025 contract jumped by Rs 2,011 to touch a day’s high of Rs 1,00,403 per 10 grams. This is the first time Indian gold…