Despite a 303-point decline in the Sensex, six BSE Commodities index stocks touched fresh 52-week highs. Fineotex Chemical, Nitta Gelatin India, Balaji Amines, Rain Industries, GOCL Corporation and NMDC outperformed the broader market, signaling strong momentum and sustained investor confidence.
The project, spread across nearly 2 acres, has 5 lakh sq ft of built-up area. It will have 96 apartments.
The fund will be utilised to strengthen research and advisory capabilities, expand team across functions, and support market expansion, the startup said in a statement.
Market correction may be nearing its end, with Nifty approaching a key support zone around 23,077. Banking, energy, and metals sectors show strength, while pharma is poised for a long-term breakout. Investors are advised patience as the market potentially turns upwards.
Vodafone Idea shares surged nearly 7% to a new 52-week high after ICRA upgraded the telecom operator’s rating and revised its outlook. Investor sentiment was further boosted by lower AGR dues, promoter support from the Aditya Birla Group and Citi removing its ‘High Risk’ tag while maintaining a bullish outlook.
India is set to boost foreign investment soon. The government plans to cut taxes on global funds investing in Indian bonds. Ownership limits on certain bonds may also be removed. These measures aim to attract more capital. The Reserve Bank of India is expected to allow unlimited access to some long-term government bonds for overseas investors.
Indian equity markets have remained under pressure in CY26 amid global uncertainties, persistent FII selling and other macroeconomic challenges. The BSE Sensex has fallen about 12.5% so far this year, while several large-cap stocks have witnessed sharp corrections. Fifteen large-cap names have declined between 25% and 40%, highlighting the breadth of the ongoing market weakness.
Morgan Stanley remains constructive on Indian equities, citing improving earnings growth, supportive policies, healthy domestic inflows and attractive long-term prospects. The brokerage believes India is well placed for a sustained market upcycle and has identified 12 stocks across sectors that it expects to outperform as the growth cycle strengthens.
TCS shares plunged over 9% on Wednesday, putting the stock on track for its worst single-day fall since the COVID-led market crash of 2020. Technical analysts warn that a breach of key support near Rs 2,200 could trigger further downside, while AI concerns and weak growth continue to weigh.
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