SEBI has warned investors against trading shares of unlisted public companies through unauthorised online platforms, saying such transactions fall outside the regulator's oversight. The market watchdog said investors using these platforms will not have access to exchange-backed grievance redressal and investor protection mechanisms.
Sensex gained 347 pts to end at 77,156. Among Sensex constituents, Trent (7%), BEL (3%), Eternal (1.95%) and Tata Steel (1.53%) shares were the top gainers today.
PL Capital said the Reserve Bank of India could raise the repo rate in October 2026 as consumer price inflation, may firm up to about 6 per cent in Q3FY27.
Reliance Jio IPO effect: As per estimates, Jio IPO is likely to be India's biggest public offer to date at a valuation in the range of $130 billion to $180 billion.
For Amber Enterprises, BOB Capital Markets suggested a target of Rs 9,300. The brokerage suggested targets of Rs 12,000 on Dixon Tech, R 310 on EPACK, Rs 610 on PGEL and Rs 1,250 on Syrma.
JM Financial said this polarisation in demand has kept overall industry volumes stagnant even as realisations improved sharply.
Within banks, MOFSL said it continued to prefer large-cap lenders as valuations appear reasonable in the context of the earnings outlook.
Polycab India stock zoomed 33% in FY26 helped by the company's financial performance such as 22.4% rise in net profit CAGR of two years and revenue CAGR of 26.3% during the same period.
Coforge shares: The stock has gained 36% in three months. The rally in the IT stock was boosted by strong Q4 earnings.
Shares of YES Bank Ltd surged nearly 7 per cent on Wednesday to hit a 52-week high on the back of heavy volumes.
In the case of IDBI Bank, the government owned 94.71 per cent stake at the end of March quarter. This included LIC's 49.24 per cent stake in the lender.
Dixon Technologies share price has gained 25% in three months and risen 12% in a week.
Kotak suggested 'Add' on Jindal Steel Ltd and JSW Steel Ltd, citing better risk-reward in non-integrated steel producers. Kotak said there is a seasonal blip in steel prices and a further downside looks limited.
IT hiring: Demand for specialised talent continues to remain strong, particularly across AI/ML, data engineering, cloud, cybersecurity and platform engineering roles, Choice Institutional Equities said.
Data showed GIC RE OFS received non-retail bids of 11,73,76,058 shares against the quota of 3,15,79,200 shares, at an indicative price of Rs 352.92 apiece.
Warren Buffett's net worth stood at $148 bn at the end of trading on June 17, according to the Bloomberg Billionaires index.
DOMS shares fell 4.92 per cent to hit a low of Rs 2,200 on NSE. A total of Rs 1,116.92 crore worth shares changed hands on the counter within the first 15 minutes of trade. Fila was looking sell up to Rs 892 crore worth of shares.
Sensex rose 10 points to 76,817 and Nifty was trading flat at 23,984 in early deals today.
India remains an attractive market according to the chairman and co-founder of Motilal Oswal Financial Services, who stresses the FII sell-off has only been due to other equity markets doing better and being cheaper.
The recent public listing of SpaceX has ignited a fresh wave of enthusiasm for global technology stocks, with IPOs from AI giants Anthropic and OpenAI also anticipated later this year.
Axis Direct said that LG Electronics India confirmed a 'descending triangle' breakout at the Rs 1,550 level on the daily chart, indicating a bullish trend reversal.




