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Shares of Laurus Labs Ltd.(up 3.8 per cent), Torrent Pharmaceuticals Ltd.(up 3.15 per cent), Granules India Ltd.(up 2.78 per cent), Sanofi India Ltd.(up 2.58 per cent) and Divi's Laboratories Ltd.(up 2.34 per cent) ended the day as top gainers in the pack.

Shares of MphasiS Ltd.(up 3.43 per cent), Coforge Ltd.(up 3.42 per cent), L&T Technology Services Ltd.(up 2.85 per cent), Persistent Systems Ltd.(up 2.1 per cent) and Wipro Ltd.(up 1.89 per cent) ended the day as top gainers in the pack.

bribery scandal in the US will not have a material impact on billionaire Gautam Adani's businesses, Rajiv Jain's GQG Partners on Monday said there is no change in its investment thesis on Adani Group companies. Before the scandal broke out, GQG's total exposure to Adani Group companies stood at $9.7 billion which was about 6.1% of its total assets. «We believe this level of exposure is manageable, even given the volatility in Adani Group stocks,» GQG Partners said in a memo, adding that the fundamentals of the companies the boutique investment firm is invested in remain sound.

Domestic benchmark index NSE Nifty ended 314.66 points at 24221.9, while the BSE Sensex closed 992.74 points up at 80109.85.

Shares of Prestige Estates Projects Ltd.(up 6.07 per cent), Mahindra Lifespace Developers Ltd.(up 4.88 per cent), Godrej Properties Ltd.(up 3.01 per cent), Brigade Enterprises Ltd.(up 2.81 per cent) and Phoenix Mills Ltd.(up 2.67 per cent) ended the day as top gainers in the pack.

Benchmark NSE Nifty closed 314.66 points up at 24221.9 amid buying in frontline bluechip counters.

Ankur Rudra of JPMorgan says on a broad-based basis, we do not have the visibility that industry growth is going to double digits yet and hence, as we go towards the end of FY25, we may not have the momentum we need for FY26 to be a double-digit growth year. More specific sectors are doing well. Some sub-segments like financial services, maybe parts of high-tech are doing well. Some of the midcaps are doing well but broad-based recovery is still elusive. If there is any kind of macro impact, that is the main sort of headwind to watch out for. A lot of questions are being raised about whether Indian IT services can catch up with the AI boom or whether services providers will manage to beat the product manufacturers dominant in the US? What is your view? Ankur Rudra: On the AI side of the equation, it is useful to take a step back and remember that tech services companies effectively tend to implement a lot of the new technology that comes by. At the moment, it is AI, before this was cloud. So, to implement AI at an enterprise level, most large enterprises will need IT services companies to help them with doing that to integrate IT and AI into their processes. I think there will be a role for them.

volatility over the past three decades mirrors that of Indian equities, says the Alpha Strategist Report by Motilal Oswal Private Wealth (MOPW), however, it is to be noted that the former’s returns have fallen slightly short. “Silver has provided returns of the CAGR of 7.6% from 1990 to 31st October 2024, Indian Equities have recorded a CAGR of 14.0% during the same period,” said the report.

equity indexes, alongside softness in the dollar and lower U.S. bond yields. The rupee closed at 84.2875 against the U.S. dollar, up 0.2% from its previous close, its biggest single-day gain since June 3.

RX India runs a diverse portfolio of B2B events across India. The company says it leverages its outreach in 22 countries, hosting 350+ events annually across 25 nations, creating immersive experiences to expand India’s trade footprint. Among its key highlights is the fact that it also provides platforms for MSMEs to showcase their offerings, connect with larger firms, and build international networks. In an interaction with ET Online, Hugh Jones, CEO, RX Global, highlighted that by combining face-to-face interactions with robust digital and customized solutions, the company empowers small businesses to thrive in an increasingly competitive landscape. ET: How does RX India’s portfolio of B2B events contribute to the growth of MSMEs in India? Hugh Jones: Our B2B events help MSMEs in India grow by expanding their market reach, building networks and connecting them with larger firms and international clients. Recognising the unique challenges faced by MSMEs, our trade shows offer MSMEs a platform to showcase their products to a broader audience and engage directly with industry leaders, creating valuable business opportunities. Our events act as gateways for MSMEs to connect with key industry players, facilitating business growth and enhancing their competitive edge. We also provide digital access options, allowing MSMEs to reach global audiences without geographic limits.

Subscribe to enjoy similar stories. The thumping victory of the Bharatiya Janata Party and its allies (Mahayuti) in Maharashtra assembly election means political stability with more synchronization of economic policies between the Centre and the state. The Mahayuti coalition’s promise of increased focus on planned urban development in Mumbai bodes well for real estate developers, construction, and infrastructure stocks.

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Solarworld Energy Solutions has raised around Rs 110 crore in a pre-IPO placement round from a clutch of investors including ValueQuest Investment Advisors. With this, the fresh issue component of the company's planned IPO (initial public offering) has been reduced to Rs 440 crore, from Rs 550 crore projected earlier. In a public announcement last week, the solar energy solutions provider said it has allotted 31.24 lakh shares to investors at Rs 352.05 apiece, aggregating the transaction size to Rs 109.99 crore on November 21.

Au Small Finance Bank Ltd. 0.24 per cent to Rs 597.25 in Monday's trade as of 12:52PM (IST). The stock hit a high price of Rs 604.85 and low of Rs 596.50 during the session. The return on equity (ROE) for the stock stood at 12.28 per cent. Traded volume on the counter stood at 12:52PM shares and turnover at Rs 1.42 crore around that time. The stock of Au Small Finance Bank Ltd. quoted a 52-week high price of Rs 813.00 and 52-week low prices of Rs 554.00, respectively.

Sensex rising over 3,000 points, animal spirits are back on Dalal Street as Street favourite NDA's victory in Maharashtra elections made investors look beyond the downgrades seen in the forgettable Q2 earnings season. PSU stocks and those linked to the capex theme were the biggest gainers in Monday's session and rallied up to 11% with PSU rail stock RITES leading the charge. PSU bank stocks, led by the Central Bank, surged up to 8% while construction stocks like J.Kumar Infraprojects shot up to 16% during the day.

Tata Power Company Ltd. 1.07 per cent to Rs 418.00 at 12:46PM (IST) in Monday's trade. The scrip hit a high of Rs 423.90 and low of Rs 417.25 so far during the session. The stock had closed at Rs 413.55 in the previous session. The counter had a total traded volume of 12:46PM shares so far with a turnover of Rs 10.86 crore on BSE. The stock traded at a price-to-earnings multiple of 35.64 and a price-to-book ratio of 3.89.

Navneet Munot, MD & CEO, HDFC AMC, says in the journey of Sensex from 1,000 to 75,000, we have seen many corrections and a bit of volatility is healthy for the market. Foreigners have lightened their positions and maybe as the results season kick in, maybe after a quarter or so, and people get more faith on the earnings for, let us say, FY26, FY27, FY28, coming back on track. Munot is pretty sure that investors would come back and India will always have some premium. One cannot compare other countries with a lower capital efficiency. India’s capital efficiency has been better, growth prospects have been better and the governance standards are better, and one has to pay some premium for that. What is the total AMC size right now, the AUM? Navneet Munot: It is over Rs 7.5 lakh crore. We have come a long way…

Bandhan Bank Ltd. 1.47 per cent to Rs 172.50 in Monday's trade as of 11:36AM (IST). The stock hit a high price of Rs 174.75 and low of Rs 172.45 during the session.

Voltas Ltd. 1.46 per cent to Rs 1677.15 in Monday's trade. It hit a high of Rs 1715.05 and low of Rs 1670.50 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1476.95, while the 50-DMA was at Rs 1791.08. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

RITES Ltd soared 12.6% to their intraday high of Rs 310 on the BSE after announcing that the company has secured a major order for railway electrification work from Northeast Frontier Railway. The order value stands at Rs 531.77 crore. The original cost of the project was Rs 288.44 crore.