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Shares of BSE fell 7.3% over two sessions after being placed under the NSE's Additional Surveillance Measure (ASM) framework, triggering profit-booking and investor caution. The regulatory move followed a steep rally of over 120% in three months and 213.6% in a year. ASM typically signals heightened scrutiny due to unusual price or volume action.
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News and Media
Shares of Oil and Natural Gas Corporation (ONGC) climbed 3.2% to Rs 255.15 on the BSE, while Oil India surged up to 5% to Rs 488.80. The rally followed a more than 4% overnight jump in global oil prices, reaching their highest levels since early April, driven by concerns over potential supply disruptions in the Middle East.
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News and Media
Mayuresh Joshi discusses the railway sector's potential, highlighting positive budgetary allocations and new projects. While manufacturing stocks like Titagarh and Texmaco Rail face margin constraints, infrastructure and financing stocks offer selective opportunities. Joshi also addresses Maruti's production adjustments due to rare earth magnet issues, anticipating a potential recovery in the auto sector's EV segment.
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News and Media
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