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Gold and silver opened with small gains on MCX, trading near key resistance levels amid high volatility and profit-taking. Analysts expect the metals to remain range-bound, supported by safe-haven demand and geopolitical tensions. A breakout above Rs 1,21,750 for gold and Rs 1,50,000 for silver could trigger a fresh rally, experts said.
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Global AI stocks are showing early signs of a slowdown, with major tech companies experiencing sell-offs. This caution is now impacting Indian companies linked to the digital and data ecosystem, leading to volatility. Analysts suggest this is a valuation reset rather than a structural issue, with long-term AI potential still intact but requiring patience.
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Groww’s IPO saw 1.64x subscription by Day 2, driven by strong retail demand. GMP slipped to 11% as analysts maintained bullish views citing strong fundamentals and long-term growth potential.
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Amber Enterprises shares slumped up to 13% after the company reported a consolidated net loss of Rs 32 crore in Q2FY26, compared to a profit last year, with revenue slipping 2% and EBITDA down 19%. Higher financing costs, elevated inventories and JV losses weighed on performance. Despite challenges, H1 revenue grew 25%. The stock was...
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TVS Motor Company is selling its stake in Rapido for Rs 287.93 crore. This marks a strategic exit from the bike-taxi aggregator. The deal involves selling shares to Accel India VIII and MIH Investments One BV. TVS Motor had partnered with Rapido in 2022. This divestment occurs as Rapido’s shareholder mix changes.
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A significant uptick in futures open interest indicates substantial growth in the number of active, unexpired futures contracts in a specific security.
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Cummins India’s shares are poised for action after the company reported a strong September quarter with profit after tax up 42% year-on-year to Rs 638 crore. Driven by broad-based growth in domestic and export markets, total sales surged 28% YoY to Rs 3,122 crore. The company remains cautiously optimistic despite global uncertainties.
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Apollo Hospitals shares: The company posted a 26% YoY rise in Q2FY26 profit to ₹477 crore, led by robust growth across its hospital, diagnostics, and digital health verticals. Revenue grew 13% to ₹6,304 crore, driven by higher patient volumes and improved margins.
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Indian stock markets opened lower on Friday. Both Sensex and Nifty are continuing their decline for the third day. Investors are booking profits. Foreign investors are also selling shares. This caution is overshadowing positive corporate earnings and trade talks. The Sensex and Nifty are set to end the week with small losses.
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Bajaj Housing Finance will be in focus after reporting an 18% YoY rise in Q2 net profit to Rs 643 crore, with revenue up 14% to Rs 2,755 crore. Sequentially, PAT grew 10%. Morgan Stanley maintained an ‘Overweight’ rating and set a target price of Rs 1,150, adding to the stock’s positive sentiment.
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