Broker’s Call: Fujiyama Power Sys (Buy)
Motilal Oswal's Buy rating for Fujiyama Power Systems (UTLSOLAR) with ₹500 TP highlights strong growth, policy tailwinds, and a 52-59% CAGR FY26-28.
Market
The latest market stories, updated through the day.
Broker’s Call: Lumax Auto Tech (Buy)
Lumax Auto Tech shows strong Q2FY27 growth, expanding order-book and margins, with strategic plant launches and a ₹2,715 target from SBI Securities.
Mukesh Ambani gets emotional at Jio listing event as Isha, Akash and Anant emphasise family unity
Emotional Jio IPO moment as the Ambani clan rings in, signaling family unity and decades-long growth for India’s tech-fueled empire.
Sundaram MF sees AUM doubling in three years, flags small-cap inflow risks
Sundaram MF eyes ₹2 trillion AUM by 2030 amid resilient SIP flows, small-cap inflows risks, and growth in alternatives and fixed income.
SEBI to review FPI compliance norms and align rules with global standards
SEBI will review foreign portfolio investor compliance norms and seek views on aligning Indian rules with global standards while retaining investor safeguards.
SEBI explores domestic AI model for securities market supervision
SEBI is implementing a global AI supervisory toolkit and exploring a domestic AI model while reviewing foreign investor compliance rules for global alignment.
Global shares are mixed after US stock rally, and oil prices gain more than 1%
Oil prices rose more than 1% after an attack on a major Saudi Arabia refinery by Iran-backed Houthi rebels on Tuesday renewed supply concerns.
Indian stock market outlook: Nifty may rebound in November amid crude oil risks
Indian stocks may rebound in November as the Nifty enters oversold territory, but high crude oil prices and global AI bets could limit gains.
Morgan Stanley turns bullish on Paytm, raises target 35% to ₹1,950 on earnings upside
Morgan Stanley upgrades Paytm to overweight, raises target 35% to ₹1,950 on stronger earnings outlook and UPI-driven growth.
Jio’s IPO surge ends Tata’s reign as most valuable India group
Jio’s current valuation at over ₹12.5 lakh crore pushes Reliance Group’s combined market value past ₹30 lakh crore, surpassing Tata Group’s ₹25 lakh crore valuation
IT stocks, Reliance drag markets lower at midday; Pharma outperforms as Fed decision looms
Nifty Pharma is the best-performing sectoral index of the session, while Nifty IT remains the worst
Indian gasoline demand to peak by 2035, says top refiner Indian Oil
Indian Oil forecasts gasoline demand peaking by 2035 amid EV growth, with diesel and jet fuel rising due to industry and aviation expansion.