Stock Market LIVE Updates: Sensex, Nifty flat; SMIDs slip; Siemens Energy, Reliance Infra up 5% each

Sensex Today | Stock Market LIVE on Thursday, June 19, 2025: Titan Company, Eicher Motors, Shriram Finance, Kotak Bank, Bharat Electronics, Hero MotoCorp, and Tata Motors were the top Nifty gainers
10:41 AM
Stock Market LIVE Updates: Reliance Infrastructure shares gain 5%
Stock Market LIVE Updates: Anil-Ambani led Reliance Infrastructure shares extended rally for the second session and gained 10 per cent in two days after Dassault Aviation and Reliance Infrastructure' subsidiary, Reliance Aerostructure Limited (RAL), announced a landmark strategic partnership at the Paris Air Show today. The two companies will manufacture Falcon 2000 business executive jets in India for the global markets. The partnership represents a significant step in advancing India's aerospace manufacturing capabilities.
Dassault Aviation will manufacture Falcon 2000 jets outside of France for the first time in its storied history. This pioneering initiative will see India emerge as a strategic center for high-end business jet manufacturing.
9:20 AM
Stock Market LIVE Updates: Here's a look at Sensex gainers and losers
9:19 AM
Stock Market LIVE Updates: Nifty50 flat below 24,800
Stock Market LIVE Updates: NSE Nifty50 was flat with a neagtive bias and was trading below 24,800-mark.
9:17 AM
Stock Market LIVE Updates: Sensex down 70 pts after market opens, below 81,400
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Economic Times

35 minutes ago

• Economic Times

Renewables, housing finance to power wealth creation over next 7 years: Deven Choksey

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Time of India

an hour ago

• Time of India

Renewables, housing finance to power wealth creation over next 7 years: Deven Choksey

Deven Choksey , MD, DRChoksey FinServ, say that in the automobile sector, companies offering comprehensive engineering and R&D services to OEMs are poised to play a major role in the evolving landscape. This transformation has already begun and is expected to accelerate through the rest of the decade. Such firms — including those in the EV and mobility ecosystem — could deliver strong returns. Similarly, we are highly optimistic about the long-term outlook for housing. ET Now: After a very-very long quiet consolidation period, finally, you are getting a little hopeful that maybe the market has some upside to it and a breakout is possible. We are up a good 287 points, almost nudging 25,100 on the Nifty futures. Where do you see leadership? What can take us higher? by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Deven Choksey: Well, the market is already getting the leadership from some of the very strong companies like Reliance at this point in time, and one can well argue for some amount of unlocking of valuation happening in this particular company, that is where the market is possibly remaining completely resilient and supporting us. Apart from that, the banking stocks are showing reasonably good signs of giving further support to the market and would not be surprised if they end up giving between 15% to 20% appreciation even from current levels in the course of around 12 to 15 months. So, some of the leaderships are already established in the market. The dark horse in this entire situation could be, at some point in time, the commodities. If they start participating, probably they may run faster compared to many other sectors, which are already quoting at a reasonable valuation at this point of time, and that could be a contra call as well, largely because of the fact that the demand for commodities expected to surge in the following period here after. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. ET Now: So, in the market, you do not make money by looking at yesterday's data, which is called history. In the market, you make money when you understand history and try and understand the future. Which are the next multibaggers? They may not be 100x, but the next five to seven years have the potential to, let us say, be 5x to 7x, five years 5x. Deven Choksey: Yes, a good point and this is something which we keep on debating every single day. In fact, there is a formula going on in the organisation that every single year you should produce one company which becomes 10 to 15 times in the next 10 years and that much patience you should have. So, that is what we have been doing up till now, with the grace of God. Well, currently the situation looks quite conducive to me for those companies which are typically a large degraded player for some of the larger OEMs. For example, in the automobile sector, since I mentioned OEM in the automobile sector, the companies that provide complete engineering and R&D services to this sector are the ones who are going to be participating big time in this changing environment, which we are going to be experiencing. Already, we have started experiencing the beginning of this decade, and it is going to further accelerate as we progress towards the close of this decade. So, the companies which are in the engineering, R&D space, who are basically helping the OEMs, they could be the ones who could possibly give a significantly large amount of return that could include the driving space as one part, but other parts are also there in this particular space. Similarly, we remain distinctly bullish about the prospects of housing going forward in the next 25 years. In fact, the city of Mumbai alone is talking about 30,000 redevelopments taking place in a span of around 10 to 12 years, 15 years. So, if that kind of a development which is happening in city like Mumbai and for that matter any other place in the country, we remain distinctly bullish about the housing as a space and within that we cannot forget the housing finance business because 85% to 90% of the housing is purchased based on the finance and that is where we see the continuous growth of 20-25% happening into the housing finance business. So yes, I do not know whether they will give what kind of percentage return over a period of time, but going by the size that they are likely to create, it would not be wrong to generate 10 times from the current price in some of the cases. ET Now: Just like in the last 15 years, the real outliers have been Bajaj Finance, IndiGo, DMart, KEI Industries, a long list which companies that have the potential to become the outliers. It could be earnings, it could be PE, it could be both. I mean, ideally, it is both if you have to become a multibagger, but where do you see this sweet positioning of enviable growth and strong PE bump up? Live Events Deven Choksey: In fact, in each of these names which you mentioned, their position has happened largely because how they executed their business and that is very-very important going forward as well because if yesterday was competitive, today and tomorrow are going to be extraordinarily more competitive because of the surge of technology along with. So in my viewpoint the companies which could possibly execute well are the ones which would be the winners of tomorrow and some of the names I do not mind sharing with a complete disclosure though that the companies like Tata Technology, companies like Bajaj Housing Finance, they are typically executing it a very differently and we like that proposition. The way in which these companies are executing their business, we find that they are creating a separate kind of presence in the industry for themselves and at the same time trying to show a relatively different path to the competition. Should they end up taking up the larger piefor example if Tata Technology kind of company out of the emerging addressable market of around $135 million in next three to five years, even if they end up taking 1-1.5% of that market, probably they would be generating significant large amount of return. And the same situation could happen with a Bajaj Housing Finance kind of company. If they have demonstrated 30% cagr growth in the AUM in Bajaj Finance, in Bajaj Housing Finance too they are moving with the same kind of a growth rate with a high margin business from other three apart from the housing finance so that is where I believe that their execution skills are completely different, maybe very much promising and we find a more happening in this area of activity from these kind of companies. ET Now: Where else in the current market can you take those outsized bets, or would you say wait it out? Deven Choksey: See, the uncertainties, the competitions, disruptions, they are all going to happen. I am not saying they will not happen. Our eyes are typically in the area of renewables in particular, and within renewables, how the companies are going to be addressing the large problem of green hydrogen is something which we would like to be very keenly watching out for. As of now, there is nothing on the horizon that one can separately identify, but as we keep on looking around, there will be a few opportunities as we see they emerging over time, that is one area which we like. Second thing which we definitely like out here is a complete logistic management activity in the country with the rail, road, airport and seaport completely coming under one-fold with which is speeding up so fast on the highways, I believe that this is one space which could possibly be a good space for many of the large scale annuity based investors like insurance companies, provident fund companies which is emerging very-very strong with the high cash flow positions. And last but not least, power and power utilities. We believe that some of the companies are executing their programmes very well in power, power utilities and could potentially continue to run at a rate of around 20% CAGR over the next 5 to 10 years. So, yes, there are opportunities in those companies, we are completely with the names and the valuation at this stage. Maybe it is a subjective question for a while for us. ET Now: What do you think runs the risk of underperforming? And I am talking really long-term, forward-dated questions here. I mean, there are patches in the market, for example, where Infosys, when it peaked out in 2000, gave you subpar returns for the next 10 years. HUL, when it peaked out in 1994-95, 10 years it did not create wealth. What do you think runs the risk of giving returns which are lower than a fixed deposit or a government bond in the next five years? Deven Choksey: It is a very interesting question. We keep on looking into the corporate balance sheet as to how they deploy their money. When we see that the balance sheets do not have enough amount of avenues to deploy money, that is the first signal that we get, wherein we probably stay away from those companies. It would not be proper in my viewpoint at this point in time to name them on the screen, but frankly, the allocation policy of the company would possibly create either performance or underperformance. In my viewpoint, I think most corporate managements do not want to remain accountable to the allocation policy, and that is where one is a little about their continued performance, even though in past they have performed handsomely, so that is an area where we are a little bit more concerned about. We keep our eyes open, and certainly those companies do not mean good to us from the return point of view, so we have to take a gradual exit also from those companies without keeping much of the past in the back. ET Now: What do you believe leadership is going to look like in the years to come, because one has seen that it is now about M&M, Bharti, and BEL. It is no longer your ITC, L&T, Reliance or for that matter, any IT names. Deven Choksey: Consumption could be the one theme which probably will have to be looked at very seriously because the way in which individuals are left with income in their hand, the way in which corporates are generating higher amount of profit in their books, I believe that both B2B side of the consumption and B2C side of the consumption game could possibly be the big time disruptor. From my viewpoint, the companies which are utilising the ONDC platform, companies which are working with CBDCs, companies which are working with AI, IoTs are the ones who could possibly be a differentiator in this space. Now, whether they would produce the same magnitude of return which some of these companies have produced in the last 15-16 years, it is a matter of time that we analyse that part of it, because on an ongoing basis, we have to review this part. But we remain distinctly positive about the characteristics under which these companies will be producing returns, and that is where our focus is from a selection point of view of the stock in the portfolio.

Economic Times

2 hours ago

• Economic Times

IPO Tsunami: HDB Financial Services, 12 others to raise up to Rs 16,000 crore next week

Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The primary market will be up for some intense action next week with 13 (IPOs) hitting the D-Street. The companies will be raising nearly Rs 16,000 crore during the week, with five mainboard public issues up for action comes after a lull amid challenges on geopolitical and tariff fronts that have plagued the stock on what lies ahead, Bajaj Broking expects an "energetic week" for the primary markets with five boards hitting the Street."This surge follows a steady build-up in investor enthusiasm, reflecting the ongoing appetite for fresh equity offerings. Market sentiment remains broadly constructive, driven by improving macroeconomic indicators, favourable liquidity conditions, and increasing participation from both institutional and retail investors. The strong performance of recent listings continues to bolster confidence and encourage broader engagement in the primary market," Bajaj Broking said in a upcoming wave of IPOs will offer investors a diverse mix of opportunities across sectors—further. "As the fundraising pipeline strengthens, we anticipate the primary market could well surpass expectations for the first half of FY26," this brokerage Nifty closing decisively above the 25,000 mark on Friday at 25,112.40 and 1.6% weekly gains, the cues remain positive from the secondary markets as well. The index has reclaimed the 21-day EMA, which could provide further momentum for an upward move."Nifty moved up sharply after three days of consolidation, resuming its short-term rally. The support is now placed at 24,850, and the index remains a 'buy on dips' as long as it holds above this level. On the higher side, it may continue advancing towards 25,350 and beyond," Rupak De, Senior Technical Analyst at LKP Securities, momentum building and valuations looking attractive in select offerings, now is an opportune moment for discerning investors to align with quality businesses entering the listed space, Bajaj Broking recommends.1) Kalpataru IPO: The issue will open on Tuesday, June 24 and end on Thursday, June 26. The IPO price band has been set at Rs 387 to Rs 414. The Mumbai-based real estate developer is slated to raise Rs 1,590 crore via IPO.2) Globe Civil Projects IPO: The issue will open on Tuesday, June 24 and end on Thursday, June 26. The IPO price band has been set at Rs 67 to Rs 71. The New Delhi-headquartered EPC company plans to garner Rs 119 crore.3) Ellenbarrie Industrial Gases IPO: The issue will open on Tuesday, June 24 and end on Thursday, June 26. The IPO price band has been set at Rs 380 to Rs 400. The industrial gases provider plans to mop up Rs 852.53 crore via the public issue.4) HDB Financial Services IPO : The issue will open on Wednesday, June 25 and end on Friday, June 27. The IPO price band has been set at Rs 700 to Rs 740. This remains the most anticipated issue among the pack with HDFC Bank's NBFC arm expecting to mobilise Rs 12,500 crore through the issue.5) Sambhav Steel Tubes IPO: A book-building issue where the electric resistance welded steel pipes and structural tubes maker plans to raise up to R 540 crore. The issue will open on Wednesday, June 25 and end on Friday, June 27. The IPO price band has been set at Rs 77 to Rs SME segment will also see top action with 7 IPOs opening for subscription.1) Suntech Infra Solutions IPO: The issue will open on Wednesday, June 25 and end on Friday, June 27. The IPO price band has been set at Rs 81-86. The IPOs will be listed on NSE Emerge. The company is expected to raise up to Rs 42.16 crore.2) Shri Hare-Krishna Sponge Iron IPO: The issue will open on Tuesday, June 24 and end on Thursday, June 26. The IPO price band has been set at Rs 56-59. The IPOs will be listed on NSE Emerge. The company is expected to raise up to Rs 28.39 crore.3) AJC Jewel IPO: It is a book-building issue of Rs 14.59 crores and opens for subscription on June 23, 2025 and closes on June 26. The issue price band has been set at Rs 90-95 per share.4) Icon Facilitators IPO: Issue opens for subscription on June 24, 2025 and closes on June 26, 2025, and the company plans to raise up to 19.11 crores via the book-building process. The price band has been set at Rs 85-91 per share.5) Abram Food IPO: Issue opens for subscription on June 24 and closes on June 26, and the company plans to raise up to 13.99 crores via the book-building process. It is a fixed price issue with shares available at Rs 98 per share.6) PRO FX Tech IPO: Issue opens for subscription on Thursday, June 26, 2025 and closes on Monday, June 30, 2025, and the company plans to raise up to 40.30 crores via the book-building process. The price band has been set at Rs 82-87 per share.7) Valencia India IPO: Issue opens for subscription on Thursday, June 26, 2025 and closes on Monday, June 30, 2025, and the company plans to raise up to 46.49 crores via the book-building process. The price band has been set at Rs 95-110 per share.8) Ace Alpha IPO: Issue opens for subscription on Thursday, June 26, 2025 and closes on Monday, June 30, 2025, and the company plans to raise up to 47.15 crores via the book-building process. The price band has been set at Rs 101-107 per SME IPOs are currently open for subscription. They will close on June 24.1) Safe Enterprises Retail Fixtures IPO2) Mayasheel Ventures IPO3) Aakaar Medical Technologies IPOSamay Project Services, Patil Automation, Eppeltone Engineers, and Influx Healthtech will be among the stocks to get listed this week.