Bain Capital to acquire 18% stake in Manappuram Finance for Rs 4,385 crore via affiliates
Bain Capital has agreed to acquire joint control in Manappuram Finance by investing Rs 4,385 crore for an 18% stake. The transaction will trigger an open offer for an additional 26% stake. Existing promoters will maintain a 28.9% stake. Manappuram Finance aims to fuel growth and expand with Bain Capital’s support.
Infosys, Wipro ADRs fall by 3% after Accenture raises full-year revenue forecast
Infosys and Wipro ADRs fell after Accenture raised the lower end of its annual revenue forecast, reflecting strong demand for AI and cloud migration services. Accenture’s results indicate broader IT sector trends ahead of India’s earnings season in April.
Gold and Silver ETFs offer over 30% average return in one year. Did you miss the shine?
Gold and silver ETFs delivered over 30% returns in the last year, driven by soaring commodity prices. Experts expect further gains amid trade tensions, declining US interest rates, and strong industrial demand, though short-term consolidation may occur.
Adani Group’s cost of capital falls 104 basis points in FY25 amid credit upgrades
In a recent investor meeting, Adani officials stated that the reduction in borrowing costs is due to several credit rating upgrades, a more stable earnings profile, and a resilient business model that has weathered external volatility.
US markets have topped; in medium term, it is good for EMs like China, Mexico: Adrian Mowat
Adrian Mowat predicts US markets have peaked and will have a tough year, offering opportunities for selective investment in emerging markets, especially in China and Mexico. He highlights China’s growth in AI and technology, which attracts global investors. Some emerging markets like Korea and Taiwan may not perform well due to their correlation with Nasdaq.
2 top stock recommendations from Sneha Seth
Sneha Seth from Angel One suggests booking profits for intraday positions in index options. She notes potential resistance at 23,000-23,100 levels but sees opportunities in the oil and gas sector. She highlights BPCL and Cipla as promising stocks, with specific target and stop loss levels. Banking stocks also look strong, supporting Nifty’s performance.
Gautam Trivedi on valuations, sectoral bets and India’s growth themes
Gautam Trivedi of Nepean Capital discusses the recent market correction, attributing it to necessary adjustments and highlighting value in power, real estate, and travel sectors. He expresses caution regarding the IT sector’s future due to AI’s potential impact and anticipates significant power demand growth.
IndiGo set for strong growth, but SpiceJet still a risky bet: Hemang Jani
The only thing is that one is not really sure whether you will see some big companies getting into this, something like a Bharti or a Jio or any other company, maybe Adani Group, so that part is something that is not very clear.
Broader market participation signals a stronger rally ahead: Hemang Jani
Market expert Hemang Jani discusses a strong market foundation with significant participation from midcap stocks, banks, and financial sectors. Promising sectors include capital goods like Kirloskar and Cummins. Adani Group’s entry into the wire segment and DMart’s investment in e-commerce are also highlighted.
ETMarkets PMS Talk: Navigating global volatility – How Wave Asset’s tactical hedging paid off in February 2025
We broadly pick the top 20 companies from each of these five sectors: industrials, financials, exports, consumer staples, and consumer discretionary. When selecting them, we look for four key factors.