GAGA Share Market News

[hfe_template id='11223'] [ad_1] Mumbai: Global index provider MSCI has included Hyundai Motor India in its Global Standard Index and removed Adani Green Energy from the measure as part of its February review. The changes, announced on Wednesday, will take effect after market close on February 28. Hyundai India launched its initial public offering (IPO) in October, raising ₹27,870 crore, making it the largest IPO in Indian stock market history. The stock is currently trading about 7.7% lower than its offer price of ₹1,960. The weights of IndusInd Bank, Zomato, Varun Beverages, Mankind Pharma, Torrent Pharmaceuticals, Dixon Technologies, PB Fintech, Adani Enterprises, and Voltas have increased in the MSCI Standard Index. According to Abhilash Pagaria of Nuvama Alternative & Quantitative Research, India's weight in the Emerging Markets (EM) index, currently around 18.8%, is expected to rise to 19% by the adjustment date. This will result in net passive inflows of $...

[hfe_template id='11223'] [ad_1] Shares of Tata Group company Tata Technologies today surged 3.3% to day’s high of Rs 1,083.45 on the BSE despite securing a ‘reduce’ rating and a target price of Rs 950 (a potential downside of 9%) for the stock from domestic brokerage firm Axis Capital. Axis Capital believes that there is no respite on growth cuts for the company even as VinFast ramp-down headwinds ebb ahead. “Anchor-client concentration is likely to increase, reversing recent progress,” said the domestic brokerage firm in its note. The brokerage firm also stated that the stock’s valuations are also high despite its underperformance on a year-to-date basis. Additionally, the company’s client concentration is also likely to rise further in FY25 after a decline over FY20-23. Also read: Hot stocks: Brokerage views on Varun Beverages, PB Fintech, Tata Tech, 360 One and GMR Airports Recently, global brokerage firm Citi had also maintained its sell call on the stock with a tar...

[hfe_template id='11223'] [ad_1] Indian benchmark indices, Nifty50 and Sensex, rebounded from a slow start to hit record highs on Thursday, fueled by gains in financial and IT stocks. The BSE Sensex was trading at 82,150 points, up 365 points or 0.45%. The Nifty 50 was at 25,150, up 98 points or 0.39%, around 1:05 pm. Despite the rally, the market capitalisation of all listed companies on the BSE declined by nearly Rs 1 lakh crore to Rs 462.1 lakh crore. On the sectoral front, Nifty Bank, Financial, IT, Consumer Durables, and Oil & Gas sectors surged, while Nifty Auto, Media, Metal, Pharma, and Realty sectors saw declines. In the broader market, both the Nifty Midcap 100 and Nifty Smallcap 100 fell by 0.7%. The benchmark Nifty 50 hit a record high on Wednesday but pared gains as profit booking across most sectors limited advances in IT stocks.Among individual stocks, PB Fintech gained 3.3% after 2.1% of its equity shares were traded in a block deal.Paytm shares surge...