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The Nifty 50 rebounded, ending its losing streak amid broad-based buying led by pharma, IT and metals. Analysts see resistance ahead but recommend Varun Beverages and JSW Energy for potential upside on bullish technical indicators.
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The ​U.S. initial ​public offering of Bill Ackman’s investment management ​company and a closed-end fund is expected to raise about $5 billion, a source familiar with the ‌matter told ⁠Reuters ⁠on Monday.
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Coal India reported a 12% rise in Q4 profit driven by better realizations and higher income, despite cost pressures. Margins improved, though volumes stayed flat. The company also announced a final dividend, while annual profit declined due to elevated expenses.
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Tamilnad Mercantile Bank reported a 28% rise in Q4 profit driven by strong business growth, higher income and improved margins. Advances and deposits grew steadily, while asset quality strengthened, reflecting robust operational performance and sustained expansion across lending and deposit segments.
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The Nifty 50 and BSE Sensex rebounded on broad-based buying led by pharma, IT, auto and metals. Volatility eased, while analysts signalled resistance ahead, suggesting a range-bound trend with stock-specific opportunities amid global uncertainty.
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