Shares of defence companies surged as much as 5 per cent in early trade on December 4 after the Defence Acquisition Council (DAC) approved five acquisition proposals worth over Rs 21,772 crore in a bid to ramp up defence preparedness. Stocks like Mazagon Dock Shipbuilders and Garden Reach Shipbuilders led the rally among defence names, surging close to 5 per cent while others like Bharat Electroni...

Shares of Reliance Power hit the 5 percent upper circuit at Rs 41.09 on December 4, following the withdrawal of a debarment notice by the Solar Energy Corporation of India (SECI).Year-to-date, Reliance Power has surged 72 percent, significantly outperforming the Nifty 50, which has risen 13 percent during the same period. However, the stock had declined over 12 percent in October and 9 percent in ...

Shares of Zomato Limited surged over 2 percent to Rs 287 in morning trade on December 4 after brokerage firm CLSA maintained its outperform rating on the stock and raised its target price to Rs 370 per share, citing robust levers for growth.With a price target of Rs 370, the international brokerage forecasts an upside potential of over 32 percent from the last close of Rs 280 on the National Stock...

Citi Macro Call25-50 bps CRR Cut Could Provide Modest NIM Support Of 2-3 bpsAs Proportion Of NII/PpOP, Adjustment Will Be Favorable For Lenders With Lower NIM ProfileSentimentally CRR & Repo Rate Cut Would Be Positive For Banks With Lower LCR/Stretched LDRCRR Can Be Viewed Favorable For HDFC Bank, Axis Bank, Federal Bank & Bank Of Baroda50 bps Repo Rate Cut NII Sensitivity Suggests Relatively High...

Benchmark indices Nifty and Sensex opened the trading session in green on December 3 and extended gains for a third straight session as PSU bank stocks helped bolster bullish sentiments. GST rate rationalization proposals for aerated beverages, cigarettes, and tobacco weighed on major stocks like ITC, Godfrey Phillips, and Varun Beverages.This week, markets will also be taking cues from RBI's MPC ...