Equity Alert
Europe markets mixed as traders await outcome of Iran-Oman talks
This story was originally published at 15:40 IST on 10 August 2026
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Equity Alert: Europe mkts mixed as traders await outcome of Iran-Oman talks
MUMBAI--1524 IST--Indices in Europe were mixed in early trade as investors awaited the outcome of the talks between Iran and Oman to restore shipping through the Strait of Hormuz. The Stoxx Europe 600 Technology index rose more than 1% while the Stoxx Europe 600 Media index fell slightly.
Iran said it was close to a deal with Oman to reopen the Strait of Hormuz, though a senior official issued several demands to the US, including troop withdrawal and an end to military action against Iran-aligned militias, Dow Jones Newswires reported.
Investors await impending eurozone employment data and US inflation data due later this week, which will give clarity regarding a possible interest rate hike by the US Federal Reserve.
The Stoxx Europe 600 Oil and Gas index rose slightly. This comes as the world's five oil super majors—ExxonMobil, Chevron, BP, Shell, and TotalEnergies--together posted $48 billion in profit for the June quarter, CNBC reported. The companies benefited from higher fossil fuel prices amid the West Asia war. Monday, shares of German energy company Siemens rose more than 3% and those of French energy major TotalEnergies were up slightly.
Technology majors Infineon Technologies and ASML Holding rose around 4% and 3%, respectively. Meanwhile, shares of French advertising group Publicis Groupe fell more than 1% and those of British publishing company Informa were down slightly. Shares of British public relations company WPP fell 3%.
Following were the levels of key indices in the region at 1524 IST:
|
Index |
Level |
Change in % |
|
FTSE 100 Index |
10872.63 | (-)0.3 |
|
CAC 40 |
8703.63 | (-)0.1 |
|
MIB INDEX |
53752.75 | 0.1 |
|
DAX PERFORMANCE-INDEX |
26407.10 | 0.3 |
|
SLI |
2338.04 | 0.1 |
(Deesha Jadhav)
Equity Alert: Indices slip, down 0.1?ch; Nifty 50 below 24600 points
MUMBAI--1455 IST--The domestic equity indices retreated from their earlier highs and were down 0.1?ch. The Nifty 50, with half its constituents in the red, fell below the 24600-point level. The rise in Brent crude oil price to $84 a barrel also dampened sentiment.
At 1452 IST, the Nifty 50 was at 24554.40 points, down 16.25 points. The BSE Sensex was at 78441.95, down 57.22 points. However, there wasn't a great deal of nervousness among investors with the India Volatility Index, the market's fear gauge, rising just over 1% to 12.3075 points. In the broader market, all small-cap indices were marginally lower while mid-cap indices gained 0.4–0.5%. Sectoral indices were mixed, with most of them declining. The Nifty PSU Bank was down nearly 2% while the Nifty Realty gained 1.5%.
State Bank of India was the key drag among Nifty 50 constituents, down over 2%. Eternal and ITC were down over 1?ch. Titan Co. continued to be the top gainer in the index, up nearly 3%.
One 97 Communications was up over 10% in the Nifty 200 index. Shares of the company rose after global brokerage firm Bernstein raised the target price on the stock to INR 2,200, higher than the Paytm operator's initial public offer price of INR 2,150. Info Edge (India) was up almost 4%. Shares of Vedanta Oil and Gas were nearly 14% higher after falling for the previous three sessions. The stock shed nearly 8% during this period.
Shares of Bharat Forge fell nearly 7?ter the company reported a consolidated net loss for the June quarter against the Street's expectation of a consolidated net profit. (Arundathi A R)
Equity Alert: Asian markets closed higher led by gains in select tech stocks
MUMBAI--1350 IST--Indices in Asia closed higher Monday with Japan's Nikkei 225 leading the gains. The index ended 2% higher, boosted by gains in technology stocks. The broader market Topix closed nearly 1% higher. South Korea's Kospi, Hong Kong's Hang Seng, and Singapore's FTSE Strait Times all closed around 1% higher. Mainland China's CSI 300 closed slightly higher, recovering from its intraday losses. Meanwhile, Australia's S&P/ASX 200 index ended slightly lower.
Kospi heavyweights, Samsung Electronics and SK Hynix closed slightly lower. However, shares of battery manufacturer, Samsung SDI closed around 5% higher. Shares of LG Energy Solution closed 2% higher. In Japan, tech majors Advantest and Tokyo Electron closed more than 6% and 4% higher, respectively. Shares of their peer Disco Corp. closed nearly 8% higher. In Hong Kong, shares of Alibaba closed more than 2% higher and those of Baidu ended with marginal gains.
In Australia, shares of rare earth miner Sunrise Energy Metals closed 16% higher after the US Department of War announced a conditional $400 million loan commitment to build out the firm's scandium operations, CNBC reported. Chairman of the company Robert Friedland described the funding as "a landmark moment" for the company and Australia's mining industry, as per the report.
Following are the levels of key indices in the region at 1335 IST:
|
Index |
Level |
Change in % |
|
Nikkei 225 Day |
66970.22 | 2.1 |
|
TOPIX FIRST SECTION |
4100.61 | 0.6 |
|
S&P/ASX 200 Index |
9232.60 | (-)0.3 |
|
KOSPI Index |
6299.66 | 0.7 |
|
Hang Seng Index |
25927.06 | 1.0 |
|
CSI 300 Index |
4702.02 | 0.2 |
|
FTSE Singapore Strait Times |
5698.43 | 1.1 |
(Deesha Jadhav)
Equity Alert: Titan shrs hit record high; co's Q1 PAT up 65% YoY, beats view
MUMBAI--1345 IST--Shares of Titan Co. rose nearly 4% to a record high of INR 5,122.20 on the National Stock Exchange. The stock rose after the company detailed its June quarter results after market hours on Friday. For Apr-Jun, the Tata group-owned company posted a 65% on-year jump in its net profit at nearly INR 17 billion, while its revenues grew over 24% to around INR 181 billion. While the net profit exceeded the Street's view by a wide margin, the company's revenue fell significantly short of estimates.
Following the results, multiple brokerages raised their target price on the stock. Emkay Global Finacial Services maintained its "add" recommendation and raised the target price aim on the stock by 10% to INR 5,600. This represents an upside of over 10% from the current market price. The brokerage expects formalisation within the jewellery industry and stable gold prices to improve the company's margin visibility in the near term. Prabhudas Lilladher maintained its "buy" recommendation on the stock and raised its target price by 4% to INR 5,408, citing a healthy demand outlook for the company's jewellery business. The brokerage's target price is 6% higher than the stock's current market price.
At 1335 IST, shares of the company were at INR 5,078.70, up nearly 3% from Friday on the National Stock Exchange. Nearly 2.8 million shares of the company have changed hands on the exchange so far. This is nearly five times the number of shares traded till the same time Friday. (Shruti Nair)
Equity Alert: One 97 Comm up 9% to 4-year high; Bernstein hikes target price
MUMBAI--1250 IST--Shares of One 97 Communications gained nearly 9% to an over-four-year high of INR 1,569 after global brokerage firm Bernstein raised the target price on the stock to INR 2,200, higher than the Paytm operator's initial public offer rate of INR 2,150. This is the first time the company has received a target price above its IPO issue price.
The global brokerage firm Bernstein has factored into its estimates the central government's newly introduced merchant discount rate, which lets the government decide which digital payment modes will attract the fee. Merchant discount rate is a fee charged to merchants for processing digital payments. "We think MDR could lift net payments margins by 3-4 bps (basis points), driving a 30% increase in FY30E EPS (earnings per share) vs. our previous forecasts," NDTV Profit reported, citing Bernstein. The brokerage has an "outperform" call on the stock.
At 1217 IST, shares of One 97 Communications traded nearly 9% higher at 1,565.80. Nearly 11 million shares exchanged hands on the NSE, which is 11 times higher than the number of shares traded till the same time Friday. The stock was the second top gainer in both the Nifty 200 and Nifty 500 indices. The stock rose nearly 11% in the past seven days, and over 16% in the past 30 days. (Adhithya Aji)
Equity Alert: Aditya Birla Fashion down 9?ter co's Q1 net loss widens YoY
MUMBAI--1246 IST--Shares of Aditya Birla Fashion and Retail shed over 9% to hit an intraday low of INR 57.50 per share on the National Stock Exchange. This comes after the fashion retailer's consolidated net loss widened on year despite a notable rise in its revenues.
For Apr-Jun, the company reported a consolidated net loss of INR 2.15 billion against a loss of INR 2.12 billion in the year-ago period. The company's consolidated revenues for the June quarter, however, rose nearly 11% on year to INR 20.26 billion, slightly below the Street's view.
At 1241 IST, shares of the company were at INR 61.19, down 3.4% from Friday, on the National Stock Exchange. Nearly 25.6 million shares of the company changed hands on the exchange so far. This was nearly six times the number of shares traded until the same time Friday. (Shruti Nair)
Equity Alert: Indices tad up; Nifty 50 above 24600 points
MUMBAI--1245 IST--The Nifty 50 index crossed 24600 points with more of its constituents gaining. Both the indices rose a tad and were 0.2% higher each. Over 30 stocks in the Nifty 50 index and 18 in the 30-stock index traded higher.
At 1220 IST, the Nifty 50 was at 24612.20, up over 41 points from its previous close. The BSE Sensex was at 78637.64, up over 138 points. India VIX came off highs further and was over 2% down at 12.4575 points. Mid-cap indices were 0.6–0.7% higher, and small-cap indices were up marginally each. The Nifty Realty emerged as the highest gaining sectoral index, up almost 2%. The Nifty PSU Bank continued as the lowest gainer among them, down over 1%.
While Titan Co. and Tata Steel stayed as major gainers in the Nifty 50 index, up 2–3%, Hitachi Energy India also gained in the Nifty 200 and Nifty 500 indices.
Grasim Industries was up 2% in the Nifty 50 index, while Tata Consumer Products and Trent rose over 1?ch. Select information technology stocks also gained in the index. Tech Mahindra and Infosys were up nearly 1?ch.
State Bank of India and Hindalco Industries were top losers in the index, down over 1?ch. Power Finance Corp. was the worst hit among the Nifty 200 and Nifty 500 indices.
NLC India shed over 5% in the Nifty 500 index. Shares of the company fell after its June quarter net profit fell on year despite a sharp rise in its revenue. (Arundathi A R)
Equity Alert: Indices turn green; rise in HDFC Bank supports Nifty 50
MUMBAI--1110 IST--Domestic equity indices reversed their early losses and were 0.1% higher each. The Nifty 50 rose, supported by gains in the index heavyweight HDFC Bank. Around half the stocks in the 50-stock index were higher.
At 1036 IST, the Nifty 50 was at 24589.75, up 19.10 points, while the BSE Sensex was at 78578.33, up 79.16 points higher from its previous close. Investor nervousness was eased a bit, as India VIX came off highs. The volatility index was up nearly 4% at 12.6200 points, compared to its earlier rise of 5%.
All broader market indices turned green and were marginally higher. Mid-cap indices were 0.4-0.5% higher, while small-cap indices were up 0.2?ch. The Nifty Consumer Durables was the top gaining sectoral index, up almost 1%. The Nifty PSU Bank remained the top loser among them, down 0.5%.
Titan Co. rose further and was the highest gainer in the Nifty 50 index, up over 3%. Tata Steel also gained further, up 2%, and was the second-biggest performer in the index. Information technology companies, Tech Mahindra and Infosys, were up over 1?ch. Hitachi Energy India remained the top gainer in both the Nifty 200 and Nifty 500 indices, up almost 10%.
HDFC Life Insurance Co. was the worst hit Nifty 50 stock, down 1%. Adani Ports and Special Economic Zone and State Bank of India were down nearly 1?ch. In the Nifty 200 index, Power Finance Corp. was the top drag, down over 5%. Shares of the company fell after its June quarter net profit growth hit a 16-quarter low even though the metric surpassed the Street's view.
Aditya Birla Fashion and Retail was the key laggard on the Nifty 500 index, down over 7%. The company's Apr-Jun net loss widened on its higher expenses. (Arundathi A R)
Equity Alert: Hitachi Energy surges 10% as strong execution doubles Q1 PAT
MUMBAI--1103 IST--Shares of Hitachi Energy India rose nearly 10% to a one-month high of INR 35,795 after the company detailed its June quarter earnings. The company's net profit for the quarter more than doubled on year, while the top-line growth was at the highest pace in 25 quarters. Both the top line and bottom line were above the Street's expectations.
For the reporting quarter, the grid technology company reported a net profit of INR 2.94 billion, up 124% on year, slightly above the analysts' estimate of INR 2.91 billion. The revenue of the company grew 69% on year to INR 24.94 billion, above the expectation of INR 22.70 billion. Brokerages are of the view that the company's strong execution led to the better results for the quarter. The management of the company said in a post-earnings analyst call that it sees strong revenue potential in the battery energy storage system operations. Hitachi Enregy see growth opportunities in battery energy storage system, renewable integration, data centres, and grid modernisation.
The company's base order inflows surged 26% on year "...with strong momentum in data centres offsetting the decline in transmission ordering," Nuvama -Institutional equities said. The brokerage revised the company's 2027-28 (Apr-Mar) earnings per share estimate by 4% and estimates a 20?rnings before interest, deprecation, and amortisation margin by FY28. For the June quarter, the company reported an operating EBITDA margin of 16%. Nuvama raised the target price on the stock 4% to INR 35,400 with a 'hold' call on the stock.
At 1059 IST, shares of Hitachi Energy India traded nearly 10% higher at INR 35,720. Over 361,000 shares of the company exchanged hands on the NSE, which is nearly 13 times higher than the number of shares traded till the same time Friday. The stock was the top gainer among the Nifty 200 constituents. (Adhithya Aji)
Equity Alert: Indices fall after opening higher amid rising oil prices
MUMBAI--0940 IST--Soon after opening higher Monday, the domestic equity market slipped into the red, with benchmark indices losing marginally from their previous close. The indices opened higher and turned choppy afterwards amid higher crude oil prices at $85 per barrel level. Oil prices resumed its climb amid the latest comments by US President Donald Trump that his administration was watching economic pressure mounting on Iran.
At 0940 IST, the Nifty 50 was at 24525.90, down 44.75 points or 0.2%. The BSE Sensex was at 78364.59, down 134.58 points or 0.2%. Nearly half the Nifty 50 constituents were higher in early trade. The market volatility was higher in early trade as India VIX, the volatility index, rose nearly 5% to 12.7275 points.
"The undertone of the market is mildly bullish," V.K. Vijayakumar, chief investment strategist at Geojit Investments, said in a note. "The principal bullish factor is the better-than-expected Q1 (Apr-Jun) results. With the earnings season coming to an end this week, vast majority of companies have reported earnings growth that has beaten expectations. The resilient domestic demand will continue to support revenue and earnings growth in Q2 (Jul-Sept), too."
In the broader market, the Nifty Smallcap 250 and Nifty Smallcap 100 indices were the only losers. The Nifty Smallcap 50 and all three mid-cap indices were marginally up. Sectoral indices were mixed in early trade, with most of them gaining. Indices tracking pharmaceutical and healthcare sectors gained the most among sectoral indices, up nearly 1?ch. On other hand, the Nifty PSU Bank was the worst performer, down 0.4%.
Tech Mahindra was the top gainer in the index, up almost 2%. Titan Co. was also among the highest gainers in the Nifty 50, up nearly 2%. Shares of the company rose after it posted strong earnings for the June quarter. Titan posted a net profit of INR 16.99 billion, up almost 65% on year and way above analysts' expectation of INR 12.91 billion. Its total revenue from operations was at INR 181.01 billion, up over 24% on year, but fell below the Street's view of INR 206.48 billion. The company posted its highest profit growth since the September quarter of the financial year 2022-23 (Apr-Mar).
In the Nifty 200 as well as Nifty 500 indices, Hitachi Energy India was the top gainer, up 8.5%. Shares of the company rose after its June quarter net profit surpassed the Street's expectations.
Shares of State Bank of India were the major drag on the Nifty 50 index, down over 1?spite the banking major reporting healthy earnings for the first quarter of 2026-27 (Apr-Mar). HDFC Life Insurance Co. was also among the major laggards on the index, down over 1%. (Arundathi A R)
Equity Alert: Most brokerages positive on Titan after co's Q1 PAT jumps YoY
MUMBAI--0910 IST--Brokergaes are mixed on Titan Co. after the company detailed its June quarter earnings on Friday. For Apr-Jun, the Tata group-owned company reported a 65% jump in its net profit to INR 16.99 billion, outperforming the Street's view of INR 12.91 billion. The company's revenues rose 24% to INR 181.01 billion but underperformed analysts' estimate of INR 206.48 billion.
Emkay Global Financial Services increased the target price on the stock by 10% to INR 5,600 and maintained its "add" recommendation. With the company's adjusted earnings before interest, tax, depreciation, and amortisation broadly in line with view, the brokerage largely retained its estimates. Meanwhile, the company's reported EBITDA exceeded Emkay's estimates by 25–30% due to a benefit of INR 4 billion from an increase in customs duty and mark-to-market gains of INR 1.5 billion. For the June quarter, the company reported an over 55% on-year jump in its reported EBITDA to more than INR 27 billion. However, the brokerage expects the mark-to-market benefit to reverse over the coming quarters.
Motilal Oswal Financial Services believes the company is well-positioned competitively, supported by initiatives such as its exchange programme. The brokerage expects formalisation within the jewellery industry and stable gold prices to improve the company's margin visibility in the near term. It sees the company's sales growing at a compounded annual rate of 18% and adjusted net profit growing at 25% over financial years 2025-26 (Apr-Jun) and FY28. The brokerage reiterated its "buy" rating on the stock with a target price of INR 6,000, representing an over 21% upside from the current market price.
Prabhudas Lilladher maintains its positive outlook on the stock, citing healthy demand outlook for the company's jewellery business and accounting for the management's margin guidance of 11% for the segment. The company's jewellery business grew 43% on year in the June quarter, excluding bullion and digi-gold sales. The brokerage believes higher gold prices would benefit the company's sourcing and inventory funding and views the growing consumer shift to branded chains as a positive for the company. The brokerage maintained its "buy" recommendation on the stock and raised its target price by 4% to INR 5,408.
On other hand, Nuvama Institutional Equities downgraded the stock to "hold" from "buy" but raised its target price by over 4% to INR 5,241 per share. The brokerage also cut the estimates for the company's revenues and net profit for FY27 by 0.5% and 0.6%, respectively. (Shruti Nair)
Equity Alert: Asian markets open higher, Nikkei 225 leads gains
MUMBAI--0838 IST--Most Asian indices opened higher Monday, tracking Friday's gains in the US market. Japan's Nikkei 225 led the gains and rose more than 2% while the broader market Topix rose was up 1%. Singapore's FTSE Strait Times also rose around 1% and the South Korea's Kospi rose marginally. In China, the CSI 300 fell slightly but the SSE Composite was in the green.
South Korea's Samsung Electronics fell slightly while SK Hynix rose around 1%. In Japan, Advantest and Tokyo Electron rose more than 5% and 3%, respectively. Disco Corp. surged more than 7%. In Hong Kong, shares of heavyweight Alibaba Group rose around 2% and those of Baidu rose slightly.
On the macroeconomic front, Japan posted a current account deficit for the first time in 17 months, Reuters reported. The current account deficit for June came in at 92.3 billion yen (INR 55.54 billion) against the expected surplus of 1.51 trillion yen polled by Reuters.
For the first half of the year, Japan posted a current account surplus of 17.43 trillion yen, as per the report. The trade surplus was boosted by strong exports of semiconductors for artificial intelligence data centres. The biggest driver of Japan's current account surplus – primary income from securities and direct investment – fell by 74% to 380 billion yen due to larger dividend payouts from Japanese companies to foreign investors. Surging oil import costs also led to a trade deficit in June, as per the report.
Following are the levels of key indices in the region at 0752 IST:
|
Index |
Level |
Change in % |
|
Nikkei 225 Day |
66968.12 | 2.1 |
|
TOPIX FIRST SECTION |
4105.78 | 0.8 |
|
S&P/ASX 200 Index |
9229.00 | (-)0.4 |
|
KOSPI Index |
6299.03 | 0.6 |
|
Hang Seng Index |
25891.98 | 0.9 |
|
CSI 300 Index |
4684.75 | (-)0.2 |
|
FTSE Singapore Strait Times |
5698.43 | 1.1 |
(Deesha Jadhav)
Equity Alert: Indices seen in range; oil price, closing auction clarity eyed
MUMBAI--0830 IST--Domestic equity indices are expected to move in a range Monday as suggested in the movement of GIFT Nifty's August futures contract. US President Donald Trump said his administration was watching economic pressure mounting on Iran. The October futures contract of Brent crude oil rose around 1% from its previous levels to $84 a barrel early Monday. Investors are also expected to continue focusing on the new closing auction mechanism for the equity cash segment as the divergence between the closing levels of the Nifty 50 and the BSE Sensex continued. Shares of Titan Co. will be in focus Monday as the company announced its June quarter results Friday post-market hours.
For the June quarter, Titan Co. posted a net profit of INR 16.99 billion, way above analysts' expectation of INR 12.91 billion. Its total revenue from operations was at INR 181.01 billion, which fell below the Street's view of INR 206.48 billion. Strong consumer demand arising from the festival and Akshaya Tritiya sales across its core portfolio of jewellery, watches, and eyecare products in the June quarter helped Titan to report its highest profit growth since the September quarter of the financial year 2022-23 (Apr-Mar).
At the end of the continuous session at 1515 IST Friday, the Nifty 50 was at 24557 points, down 0.3% from Thursday, and the Sensex was at 78491.26 points, down 0.6%. After the closing auction session, the Nifty 50 ended at 24570.65, down 65.35 points or 0.3% from Thursday's close. This was nearly 14 points higher than the 1515 IST level. The Sensex ended at 78499.17, down 455.59 points or 0.6%.
At 0826 IST, the August futures contract of GIFT Nifty was marginally lower from its previous close at 24660. This was nearly 90 points higher than the Nifty 50's previous close of 24570.65, signalling a rangebound movement for the index Monday.
"Going ahead, a decisive close above 24730 spot levels could lead it towards 24850 and higher levels in immediate near term," Vipin Kumar, assistant vice president of research at Globe Capital Market, said. "Conversely, a fall below 24400 spot could drag it back to 24130-25050 spot levels which serves as the gap support zone left during July 29, 2026 rally."
All three major US indices closed higher Friday, with the Nasdaq Composite gaining over 1%. Barring the CSI 300 and S&P/ASX 200 indices, all Asian indices were higher in early trade Monday. Japan's Nikkei 225 gained over 2%, while FTSE Singapore Strait was over 1% higher. (Arundathi A R)
Equity Alert: US markets close up led by gains in tech stocks
MUMBAI--0705 IST--Major US indices closed higher Friday boosted by a technology-led rally. Technology major SpaceX closed around 16% higher. Apple and Nvidia also posted gains Friday. The S&P 500 index ended at 7757.64, a record closing high. The tech-heavy Nasdaq Composite closed more than 1% higher and the Dow Jones Industrial Average closed slightly higher. This came after the Labour Department posted 23,000 losses in non-farm payroll jobs and the unemployment rate came in at 4.1%, which eased fears about an interest rate hike from the US Federal Reserve at its next meeting in September.
The market expectation for a rate hike fell to 44% from 61% at the end of July, according to the CME FedWatch tool. "You probably have to lower rates to kind of stimulate job growth, but if you lower rates, you're going to also stimulate inflation. So you're kind of in a pickle at this point, and yet the market's just taken off because earnings have been stellar," Reuters quoted Tom Siomades, chief market economist at AE Wealth Management in Topeka, Kansas, as saying. "The market should be reacting to weak job numbers and higher inflation and the possibility of a slow-growth economy that may need to have rates raised rather than cut, and yet it's not. We're setting records, so go figure."
Shares of hospitality company Airbnb closed more than 17% higher after it reported a better-than-expected forecast and higher earnings in the June quarter, which beat the estimates, CNBC reported. The company reported revenue of $3.61 billion, up 17% from $3.1 billion from the year-ago quarter and around 1% higher than the expected $3.58 billion. The company's earnings per share came in at $1.37 against the $1.25 expected, CNBC reported.
Investors await inflation data due this week. Investors will also watch the earnings of consumer companies such as On Holding and Cava Group, as well as technology firms including Super Micro and CoreWeave, due this week.
Following were the levels of major US indices Friday:
|
Index |
Level |
Change in % |
|
Dow Jones Industrial Average |
54036.93 | 0.3 |
|
NASDAQ Composite |
26690.62 | 1.3 |
|
S&P 500 |
7757.64 | 0.6 |
(Deesha Jadhav)
US$1 = INR 95.30
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Rajeev Pai
All prices from National Stock Exchange, unless otherwise specified.
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