Latest Stock Market News

Pfizer shares surged 8.6% to Rs 4,448.35 after announcing a marketing and supply agreement with Mylan Pharmaceuticals for Ativan and Pacitane. The five-year deal aims to enhance distribution and in-clinic presence. Despite the jump, Pfizer s stock has declined 18.29% YTD.

The Nifty Pharma index was trading 0.25 per cent up at 20435.7.

Milind Karmarkar of Dalal & Broacha predicts market corrections are temporary, pointing to previous trends where corrections preceded growth. Despite global uncertainties like de-globalisation and tariffs, he believes India s markets, particularly in software, pharma, and consumption sectors, will see long-term growth opportunities.

HP Telecom India s Rs 34 crore SME IPO was subscribed 51% on its final bidding day. The IPO, priced at Rs 108 per share, saw 44% retail and 58% non-institutional investor subscription. The company is Apple s exclusive distributor in key Indian states, with Apple products contributing over 80% of its revenue.

Federal Bank s stock rose 1.6% to Rs 182.65 as it unveiled plans to become India s fifth-largest private bank. Analysts remain bullish, with Citi (Rs 242), IIFL (Rs 218), HDFC Securities (Rs 210), and Motilal Oswal (Rs 225) maintaining ‘Buy’ ratings. The bank focuses on profitability, digital expansion, and a universal banking vision.

Indian benchmark indices, Sensex and Nifty, fell for the fifth consecutive session, impacted by declines in Reliance Industries, banking, and IT stocks. Global market weakness, fueled by lower U.S. consumer sentiment and concerns over tariffs, further exacerbated the downturn.

Tesla’s India entry triggered a selloff in auto stocks, but analysts see limited long-term impact. Its premium pricing and manufacturing challenges reduce competition for domestic players. Instead, Tesla could accelerate EV adoption, benefiting Indian automakers and suppliers. The market reaction is seen as an overreaction, creating buying opportunities.

Milind Karmarkar discusses the future of quick commerce versus traditional retail, highlighting high population density and per capita income as key factors. He also talks about tourism, wellbeing, and power-related sectors as growth opportunities while maintaining a long-term view on Trent s potential.

NTPC Green Energy shares fell 9% to Rs 96.20 as the 3-month lock-in expired, unlocking 183 million shares (2% of total). The expiry triggered selling pressure, causing a short-term dip, though long-term impact depends on market sentiment and investor confidence. Lock-in periods typically prevent volatility post-IPO by restricting early share sales.

Leading brokerage firms have highlighted top stocks like HDFC Bank, Axis Bank, and Adani Ports with substantial upside potential over the next 12 months. Notable recommendations include HDFC Bank with a 21% potential upside and Adani Energy Solutions with a 37% projected increase from their current prices.

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