Pine Labs, Angel One, CDSL and Action Construction Equipment closed more than 2% above their volume-weighted average prices on September 11, indicating strong intraday buying momentum.
Indian IT stocks rallied up to 6% after calls from Anthropic and OpenAI leaders for a slower pace of AI development eased fears of disruption from AI. Infosys, HCLTech, LTIMindtree and Mphasis gained around 6%, while TCS and Tech Mahindra rose over 5%, pushing the Nifty IT index up about 5%.
On Tuesday morning, Indian stock markets experienced a remarkable surge, with both Sensex and Nifty recording impressive gains that significantly boosted market capitalization. Key players like HCL Tech and Infosys spearheaded this rally in technology stocks. In contrast, broader markets and certain banking shares faced slight downturns. Overall, the IT sector showcased outstanding performance compared to other industries throughout the trading session.
SB Energy, backed by SoftBank, plans to raise up to $500 million from Japanese investors through a share sale as it prepares for a US listing. The data centre developer is also attracting major AI players, including Nvidia and OpenAI, amid surging infrastructure demand.
Vijay Kedia’s investment approach is built as much around discipline as opportunity. He is willing to buy stocks after sharp declines but refuses to chase them when valuations move beyond his comfort zone. As mutual funds, family offices and other investors crowd into emerging businesses, Kedia is increasingly looking at SMEs, unlisted companies and startups for opportunities that offer attractive valuations and growth potential.
Steamhouse India’s Rs 414 crore IPO is set to finalise allotment, with its shares scheduled to list on September 17. The issue was subscribed nearly 32 times, while the IPO’s GMP indicates a potential 28% listing gain. Investors are also tracking the company’s plans to reduce debt, expand capacity and strengthen its financial performance following a 24% rise in FY26 profit.
PNC Infratech shares plunged after NHAI extended the debarment of Awadh Expressway to the company for three years, restricting its participation in key road project bids. The company is evaluating legal remedies, while its ongoing projects remain unaffected.
The Manika Plastech IPO entered its second day of bidding with the issue subscribed 1.46 times on Day 1. The IPO is commanding a 26% grey-market premium, while retail investors showed stronger demand. Here are key details on subscription, GMP, issue structure and financial performance.
India’s new-age internet companies may be sitting on a profit engine that investors are still not fully pricing in: advertising.
Four Nifty500 stocks that gained over 4% on September 11 were highlighted in the RSI Trending Up scan, based on data from StockEdge. Yes Bank, Indus Towers, Sun TV Network and Authum Investment & Infrastructure recorded rising RSI values, indicating strengthening momentum in their stock prices.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.