Hiren Ved of Alchemy Capital highlights that the stock market remains in a corrective consolidation phase, heavily influenced by upcoming result seasons. He maintains a focus on themes such as CDMO, tech platforms, and higher-end consumption, expecting incremental growth in these sectors despite mixed performances in financial and consumption stocks.
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Union Health Ministry confirmed two cases of Human Metapneumovirus in India, with infants diagnosed in Bengaluru. Both are recovering. The ministry is monitoring the situation. There is no specific vaccine or antiviral treatment for HMPV. Preventive measures like mask-wearing and hand hygiene are recommended. Rising HMPV cases in China are also being closely watched.
A total of 25,938 shares changed hands on the counter till 12:01PM (IST).
External Affairs Minister S Jaishankar met with US National Security Advisor Jake Sullivan in New Delhi to discuss enhancing bilateral, regional, and global cooperation. The visit includes meetings with India's NSA Ajit Doval and a visit to IIT Delhi to discuss innovation and technology partnerships.
The stock traded at a P/E multiple of 76.62, while the price-to-book value ratio stood at 18.24.
Harbhajan Singh praised Jasprit Bumrah for his extraordinary performance in the Border-Gavaskar Trophy, stating India's defeat would have been much larger without him. Bumrah's 32 wickets at an average of 12.64 were crucial in reducing India's series defeat to 3-1 against Australia.
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In a filing to the exchanges, the omnichannel retailer said the gross merchandise value (GMV) for the vertical is expected to be in the low thirties "indicating strong momentum in all of Nykaa’s beauty businesses – ecommerce platform, retail stores, owned brands and eB2B distribution”.
India HMPV case: The health ministry has confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka. Both cases were identified through routine surveillance for respiratory viral pathogens. The affected infants, with no history of international travel, are recovering. The ministry emphasizes that there is no unusual surge in respiratory illnesses associated with HMPV in India.
The stock traded at a P/E multiple of 59.14, while the price-to-book value ratio stood at 14.15.
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A total of 178,387 shares changed hands on the counter till 11:36AM (IST).
ITI shares surged 19.3% on Monday, reaching Rs 545.55, driven by strong financial results, investor confidence, and government infrastructure projects. Despite a 52-week low in October, the company has seen impressive growth, with a 348% return in the past year. ITI reported a 312.3% YoY revenue increase and is involved in major telecom projects like BharatNet.
Canadian Prime Minister Justin Trudeau is reportedly preparing to resign amid mounting dissent within his Liberal Party. Sources suggest his announcement could come as early as Monday, ahead of the Liberal Party caucus on Wednesday.
Nykaa share price: FSN E-Commerce Ventures, parent company of Nykaa, saw its shares surge 5.3% after announcing a strong Q3 FY2025, with net revenue growth expected to exceed the mid-twenties. The beauty vertical showed significant momentum, with GMV growth in the low thirties. Nykaa’s fashion vertical is expected to grow at around 20%. Shares have remained flat over the past year.
On the technical charts, the RSI of the stock stood at 54.03.
A total of 21,478 shares changed hands on the counter till 11:26AM (IST)
NPS fund managers delivered returns up to 27% in the past year. DSP Pension Fund led with 26.51%, while ICICI Prudential, UTI, and others followed with solid performances across various AUMs.
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Stock Market Crash: India's first HMPV case was detected in Bengaluru amid a virus outbreak in China. Stock market investors reacted cautiously. The Sensex dropped over 800 points, and the Nifty decreased by over 1%. A widespread sell-off affected sectors including PSU banks, real estate, oil, and gas. Prominent companies such as HDFC Bank and Reliance Industries also saw significant declines.
The Nifty Realty index was trading 2.42 per cent at 1019.80.
Contractual employees of Punjab Roadways and Pepsu Road Transportation Corporation started a three-day strike to demand job regularisation and salary hikes. Around 2,800 buses stayed off the roads, and around 8,000 employees participated. Demonstrations are being held at 27 bus depots. A meeting with the transport minister did not resolve their demands.