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Five NSE F&O stocks witnessed a sharp rise in futures open interest on July 14, signalling increased market participation and fresh position-building. Tata Elxsi led the list with a 16.35% jump in OI, followed by HCL Technologies, Radico Khaitan, IREDA and L&T Finance.
Axis Securities forecasts a Nifty target of 27,220 by December 2026. The brokerage highlights nine largecap stocks with substantial upside potential. These include Avenue Supermarts, offering a 34.5% potential gain. Bharti Airtel and Varun Beverages also show strong projected growth. ICICI Bank and Kotak Mahindra Bank are among other recommended stocks.
The Rs 126.25 crore Alpine Texworld IPO witnessed healthy investor interest on Day 2, with the issue subscribed 28% on the first day, led by retail participation. The IPO is commanding a grey market premium of around 10%, indicating a potential listing price of about Rs 115 per share against the upper price band of…
Citigroup reported strong second-quarter earnings, driven by trading and investment banking revenues. The bank’s net income jumped 45%, surpassing analyst expectations significantly. However, shares declined as investors focused on potential higher expenses ahead. Citigroup maintained its full-year return target, signaling possible weaker second-half profitability. The bank’s results align with other major U.S. financial institutions reporting…
South Korean semiconductor shares experienced a significant surge on Wednesday. This rally was fueled by softer U.S. inflation data and renewed AI demand optimism. SK Hynix and Samsung Electronics saw substantial gains in early trading. Analysts foresee strong structural demand from AI applications supporting the memory market. Industry experts predict a severe memory supply shortage…
Federal Reserve officials noted cooling inflation data but stressed more months are needed. They indicated a weakened case for a near-term rate hike while remaining cautious. Market attention now shifts to producer price data for broader inflation trends. Investors have reduced expectations for an imminent interest rate increase. Policymakers remain committed to restoring price stability…
Indian stock markets traded higher on Wednesday, with Sensex and Nifty gaining ground. This rise followed a slowdown in US inflation, easing rate hike concerns. Asian Paints and Reliance Industries shares led the gains on the Sensex index. However, IT stocks like TCS and Infosys experienced a decline. The India VIX volatility measure saw a…
Tata Elxsi shares fell despite reporting a strong June quarter, with net profit rising 18.2% YoY to Rs 170.6 crore and revenue increasing 14.5% to Rs 1,021.1 crore. The stock declined as investors appeared unimpressed despite healthy growth in profitability and operating margins.
L&T Technology Services reported a nearly 13% year-on-year profit increase for Q1 FY26. Revenue from operations also rose around 11.5% year-on-year during the same period. The company’s EBIT margin improved to 15.7% while securing significant new orders. Brokerages provided varied target prices and ratings on the stock. L&T Technology Services shares saw a gain of…
Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge declined up to 2.5% after IBM plunged 25% in its steepest-ever one-day fall on weak preliminary quarterly results. The negative sentiment spilled over to US-listed Indian IT firms, with Infosys and Wipro ADRs falling up to 4%, while global software…