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Auto leads recovery in stock market after last week's slide

VCCircle

VCCircle · 8m ago

Auto leads recovery in stock market after last week's slide

Indian shares rebounded in a shortened trading week, with auto stocks leading the way. The Nifty 50 gained 0.27%, while the BSE Sensex rose 0.29%. After a 5% drop the previous week, investors found valuations more attractive. However, trading volumes were below average, and analysts expect the market to trend sideways until the start of the quarterly earnings season in January. Autos saw the biggest gains, with Mahindra & Mahindra and Tata Motors leading the sector. Consumer stocks also performed well, driven by a rise in ITC.

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Oversold indicators suggest further rally

Money Control

Money Control · 1y ago

Oversold indicators suggest further rally

The stock market in India saw a recovery last week, following strong performances in global markets. The US markets experienced their largest weekly gains of the year, with retail stocks leading the rally. European markets also recorded gains, driven by expectations of interest rate cuts. In Japan, the Nikkei 225 performed particularly well. In terms of technical analysis, oversold indicators suggest a potential market recovery in India. The IT sector showed strength and momentum, while mid- and small-cap stocks underperformed. Recommended stocks to watch include TCS, Sun Pharma, and Ashok Leyland.

₹11,000 cr wiped off Ola Electric's m-cap days after stock doubled investor wealth

Inshorts · 1y ago

₹11,000 cr wiped off Ola Electric's m-cap days after stock doubled investor wealth

Around ₹11,000 crore was erased from the market value of Ola Electric after its stock declined by 22% in the last five trading sessions. The stock has been on a downtrend since it doubled investors' wealth after hitting a record high of ₹157.53 on August 20. The company made market debut after issuing shares at ₹76 apiece through its IPO.

Sensex, Nifty overcome Trump's tariff shock; where's the market headed ?

Business Today

Business Today · 4m ago

Sensex, Nifty overcome Trump's tariff shock; where's the market headed ?

Following a tariff shock initiated by Trump's administration, imposing a 27% tariff on India, the Indian stock markets, especially IT and auto sectors, faced significant losses due to fears of recession and reduced demand for Indian IT services in the US. Despite initial jitters, markets showed partial recovery. Analysts identify key levels for traders, suggesting potential support and resistance points while highlighting the importance of monitoring stock-specific opportunities amid volatility and ongoing economic negotiations.

Gensol shares continue to slide; hit new lower circuit limit

YourStory

YourStory · 3m ago

Gensol shares continue to slide; hit new lower circuit limit

Shares of Gensol Engineering fell 5% after promoters Anmol Singh Jaggi and Puneet Singh Jaggi resigned following SEBI's interim order, which barred them over fund diversion and governance lapses. The stock hit a 52-week low, down 95.39% from its high, continuing to slide for 23 sessions, dropping 68.28%. SEBI also halted Gensol's planned stock split. The Jaggi brothers resigned as directors effective May 12, 2025, amid regulatory scrutiny.

Sensex, Nifty marginally down on profit booking; banking stocks decline

Money Control

Money Control · 1y ago

Sensex, Nifty marginally down on profit booking; banking stocks decline

Sensex and Nifty 50 opened lower on June 11 due to profit booking after last week's rally. Telecommunications and financial services stocks led the decline in Nifty, while power and construction stocks gained. Market experts suggest that while the broader trend remains positive, some consolidation or a pullback move may occur. The overall market sentiment is bullish, supported by policy continuity and improved corporate earnings. Market participants will also be monitoring the US Consumer Price Index report and the conclusion of the Fed's policy meeting for indications on future interest rate changes.

Dalal Street Week Ahead: India, US GDP; Reliance AGM among 10 key factors to watch next week

Money Control

Money Control · 1y ago

Dalal Street Week Ahead: India, US GDP; Reliance AGM among 10 key factors to watch next week

The benchmark indices continued their recovery for the week, supported by positive global sentiments, better-than-expected US economic numbers, and expectations of a September rate cut from the US Federal Reserve. The focus for the week ahead will be on US GDP growth, global economic data, India's GDP growth numbers for Q1, Reliance Industries' AGM, FII and DII flow, IPOs, technical view, F&O cues, VIX, auto sales, and key corporate actions. Overall, experts expect the market to witness a gradual uptick with stock-specific action.

‘Ola toh Ola hai, Chetak shola hai’: Rajiv Bajaj takes dig at Ola Electric | Company Business News

Livemint

Livemint · 8m ago

‘Ola toh Ola hai, Chetak shola hai’: Rajiv Bajaj takes dig at Ola Electric | Company Business News

Bajaj Auto's CEO Rajiv Bajaj claimed that the Bajaj Chetak has become the best-selling electric scooter in India, surpassing rival Ola. With over 300,000 units sold to date, Bajaj Auto is set to launch a new model of the Chetak on December 20. Ola Electric currently leads the electric two-wheeler market in terms of market share, but Bajaj's announcement showcases the growing competition in India's EV market.

Adani Group Stock End Higher as Markets Bounce Back after Sharp Fall

OutlookIndia

OutlookIndia · 3m ago

Adani Group Stock End Higher as Markets Bounce Back after Sharp Fall

All 11 listed Adani Group firms experienced a positive surge on Tuesday following a market recovery after a sharp decline. Adani Enterprises, Adani Total Gas, and Adani Energy Solutions each rose over 3%, while Ambuja Cements increased by 2.53%. The combined market valuation of the group reached Rs 12,18,530 crore. This upturn aligned with a significant rebound in the broader stock markets, with the BSE Sensex and NSE Nifty jumping 1.49% and 1.69%, respectively.

Ola Electric shares climb 9% today; is this EV stock a short-term buy?

Business Today

Business Today · 5m ago

Ola Electric shares climb 9% today; is this EV stock a short-term buy?

Shares of Ola Electric climbed 8% after the company clarified that a temporary sales backlog in February was due to ongoing negotiations with vendors responsible for vehicle registrations. This update has driven a positive rebound in the share price, suggesting the resolution of issues impacting sales and potentially presenting the EV stock as a short-term buying opportunity for investors looking to capitalize on the company's recovery and market dynamics.

New-Age Tech Stocks Witness A Mixed Week, Unicommerce Biggest Loser With A 10% Fall

Inc42 · 11m ago

New-Age Tech Stocks Witness A Mixed Week, Unicommerce Biggest Loser With A 10% Fall

In the week's tech stock updates, Unicommerce was the biggest loser, while TAC Infosec emerged as the biggest gainer with a 10.6% rally. Other gainers included CarTrade, Mamaearth, Nykaa, Zomato, Awfis, and TBO Tek. However, the overall market saw a decline, with Sensex falling by 1.43% and Nifty 50 declining by 1.52% due to global volatility.

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