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A report by Motilal Oswal highlights that the fourth-quarter performance of Nifty-500 companies in FY24 showed strong showings from domestic cyclicals like BFSI and auto sectors while global cyclicals such as Oil & Gas and metals experienced a downturn.

In May 2024, demat account additions surged by 36 lakh, but the overall average daily turnover (ADTO) in the financial markets declined by 3% to Rs 433 lakh crore. While F&O ADTO decreased by 3%, cash ADTO rose by 5.5%. Active users on NSE increased to 4.29 crore.

The index closed with a negative bias at 49,846. Counters like IndusInd Bank, SBI, Kotak Bank and HDFC Bank saw strong buying action, while selling was seen in Federal Bank, ICICI Bank, Axis Bank and Bandhan Bank.

Short covering signals a shift in view regarding a security from extreme bearishness to bullishness.

If the gains hold, the company will add about $30 billion to its market valuation of $340 billion as of Tuesday market close. The shares have so far this year gained 18%.

​Softer-than-expected US inflation data boosted expectations that the Federal Reserve would lower interest rates sooner rather than later, triggering a rally in stock markets across the globe on Thursday.

Kalpataru Projects International announced on Thursday the successful raising of Rs 300 crore through Non-convertible Debentures (NCDs) via private placement. The NCDs, totaling 30,000 with a face value of Rs 1,00,000 each, are set to be listed on the wholesale debt market segment of BSE Ltd, as per regulatory filing

​But the challenge we feel is that the structural issue of slowdown in demand because of property sector is still exerting deflationary pressures and in that environment as they are trying to support real growth with more manufacturing investments, it is resulting into excess capacities and continuing to have that inflation in a weaker trajectory.

Indian equity benchmarks reached new highs driven by US rate-sensitive IT stocks following softer-than-expected US inflation data, fueling anticipation of earlier interest rate cuts by the Federal Reserve.

We are one of the largest companies in the country and of course, amongst the largest companies in the world specialising in hydromechanical equipment, which is a very critical portion, critical part of any hydropower projects or any irrigation project or any pump storage projects and therefore, our equipments are very critical to any of these water-related projects.