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FMCG stocks are rallying due to positive factors like monsoon forecast expectation of a rural pick up, resulting in a 6.40% gain in the Nifty FMCG index. Analysts expect a focus on rural spending by the new government, potentially boosting stocks such as HUL, GCPL, and Dabur. Continue Reading »
Ixigo IPO by Le Travenues Technology Ltd opens on June 10 with a price band of ₹88 to ₹93 per share. The issue closes on June 12, allocating 75% to QIBs, 15% to non-institutional investors, and 10% to retail investors. Continue Reading »
Brokerage firm CLSA has maintained an 'outperform' rating on HAL, setting a target price of ₹4,731 per share. The brokerage stated that the stock's high valuation allows minimal room for execution errors. Continue Reading »
Despite near-term adverse impacts from global economic uncertainties, Cummins India management remains hopeful of generating 30-35% of revenue from exports Continue Reading »
Top Gainers and Losers Today : The Sensex gained 692.27 points, or 0.93, to settle at 74382.24, while the Nifty gained 201.05 points, or 0.89, to close at 22620.35. Continue Reading »
Market experts caution against mid and small-cap stocks despite past strong performance. Nifty Midcap and Smallcap indices surged in 2024 year-to-date, but caution has been advised due to potential sell-off risk. Continue Reading »
Stock market today: Nifty 50 closed at 22,821.40, up 201 points, or 0.89 per cent, while the Sensex ended 692 points, or 0.93 per cent, higher at 75,074.51. Continue Reading »