Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.
Today’s market wrap-up brings some interesting updates on the stock market. Here are some of the key highlights:
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Hotel Stocks Surge: Hotel companies are expected to perform well in FY25, with shares of IHCL, EIH Ltd, Chalet Hotels, and Lemon Tree seeing a significant rise of 60%-100% over the past year. However, valuations are becoming expensive, which might limit sharp near-term upsides.
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IPO News: Adani Airports is likely to list its airport business by FY28, according to a report. The IPO market continues to be active with various companies planning to go public.
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Stock Market Milestones: ICICI Bank’s share price rose by more than 2%, leading to the market cap crossing the $100 billion mark. Sensex also surged by 600 points, surpassing the 23,600 level to hit a record high.
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Sectoral Performance: Stocks in sectors like Voltas, Blue Star, and Havells have seen significant price rises of up to 78% in the last 6 months. The demand for air conditioners and consumer durables has been favorable, driving these stocks higher.
- Expert Views: Market multiples may see a de-rating over the next 12 months, according to Nitin Bhasin of Ambit. He suggests that all equity segments are trading at the higher end of their price-to-book ranges, indicating subdued returns in the coming year.
Overall, the market seems to be buzzing with activity, with various stocks and sectors showing positive momentum. Investors are advised to stay informed and make well-informed decisions in this dynamic market environment.
