Stocks to buy: NHPC, ITI and JSW Energy on investors’ radar
The Sensex dropped by nearly 425 points due to significant selling in various sectors including auto, pharma, and banking shares. NHPC, ITI, and JSW Energy showed varied performances with potential trading opportunities. Investors are advised to wait for key resistance breakouts and monitor price actions closely for favorable setups.
German stock futures, euro edge up on Merz win
The uncertainty comes as European Union leaders are set to hold an extraordinary summit on March 6 to discuss additional support for Ukraine and how to pay for European defence needs.
EU fund managers churn out defence funds once deemed uninvestable
And in a sign of the times, even investors focused on environmental, social and governance (ESG) metrics are now softening once strict exclusion policies to make room for defence assets.
Sebi mulls wider investor pool for angel funds
This move will enable more wealthy investors to participate, boosting funding for startups. It ensures that only financially strong investors take on high-risk investments, helping Angel Funds raise more capital and support early-stage companies.
Nifty50’s valuation to get a lift with Zomato, Jio Fin joining index
The changes would make Nifty’s valuations look more expensive, a key factor for the unrelenting selling by foreign investors in Indian equities since October.
Small- & mid-tier IT firms log faster revenue traction
Among the non-top five companies, Coforge, Persistent Systems, and Sonata Software have displayed strong topline momentum in recent quarters.
Bain Capital closes in on Manappuram Finance deal
Bain Capital is nearing a deal to acquire a controlling stake in Manappuram Finance. The agreement involves fresh capital from Bain and a secondary share sale by promoters, potentially increasing Bain’s stake to 46%. The deal is expected to bring management changes, with a new CEO and initial joint operations.
Dollar reprieve brings global funds back to emerging Asia stocks
The uptick adds to signs the tide may be turning for regional equities after they underperformed their global peers last year due to the strengthening dollar and concern they would suffer from global trade tensions.