On its first day of trading on the stock market, Lenskart’s failed to match the excitement that had built around its IPO in recent weeks.On Monday, the stock listed at Rs 390 on the NSE, entering 3% lower than the issue price of Rs 402. For a company widely regarded as one of India’s most…
India’s share valuations continue to remain elevated despite the underperformance. (AI image) Expressing confidence in the Indian stock markets, Goldman Sachs has raised its rating to ‘overweight’ and set a 29,000 level target for Nifty50 by end-2026. The latest Goldman Sachs report suggests a potential increase of approximately 14% from Friday’s close of 25,492.The firm…
India’s electronics sector could face a setback as trade tensions between US and China have eased after the Busan meeting between the presidents of two nations ended with ‘great success’.The electronics sector has raised alarm over potential threats to its global competitiveness after the tariffs on Chinese goods were reduced. The industry has urged the…
Gold continued its upward momentum on Monday, jumping by Rs 2,033 to settle at Rs 1,23,100 per 10 grams in domestic futures trade. The precious metal has now advanced for four straight sessions, buoyed by strong global sentiment and a weakening US dollar.Data from the Multi Commodity Exchange (MCX) showed that the December gold futures…
US President Donald Trump has again put his tariff-linked cash payout on the table, saying that Americans would receive money directly sourced from tariff revenues.Posting on his Truth Social platform on Sunday, Trump announced a dividend of $2000 per person. He also criticised those opposing the plan, calling them “FOOLS!”Trump argued that tariff collections are…
Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, the top stock picks for this week are M&M, and UPL. Here’s his view on Nifty, Bank Nifty for the week starting November 10, 2025:Nifty ViewThe benchmark index Nifty witnessed a strong Symmetrical Triangle…
Lenskart Solutions entered the Dalal Street on Monday, making a muted debut. After listing, the eyewear giant will be available for trading on both benchmark indices, NSE and BSE.The Lenskart Solutions share listed at Rs 390 on the BSE, offering a discount of 3% on its IPO price, after closing one of the year’s most…
Market experts expect range-bound movement influenced by mixed global factors. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Monday. While Nifty50 was above 25,550, BSE Sensex was up over 200 points. At 9:16 AM, Nifty50 was trading at 25,567.90, up 76 points or 0.30%. BSE…
Nuvama maintained its buy rating on UPL with the target price upped to Rs 823 from Rs 808 earlier. Analysts said the company reported strong numbers for July-Sept quarter (Q2FY26) that led to higher outlook for earnings before interest, taxes, depreciation and amortisation (EBITDA), with revenue guidance unchanged. They also said that inventory overhang has…
BENGALURU: Hexaware’s revenue for the Sept quarter rose to $394.8 million, registering a 3.3% sequential and 5.5% year-on-year increase in dollar terms. In constant currency, revenue grew 3.4% quarter-on-quarter and 5.2% year-on-year. Net profit, however, declined 5.4% sequentially. CEO R Srikrishna said the company is witnessing steady momentum across sectors, with financial services, travel, and…
