$394 mn inflows eyed as IHCL, Swiggy, 5 more join Nifty Next 50 in March rejig
In terms of inclusion, Indian Hotels is expected to witness the largest inflow at $108 million, followed by Britannia with $85 million, BPCL at $80 million, and CG Power at $60 million.
Gold snaps 4-day losing streak, climbs Rs 235 to Rs 90,685/10 gm
Gold prices increased by Rs 235 to Rs 90,685 per 10 grams on Wednesday. Firm global trends and retailer buying after recent losses influenced this recovery. Silver prices also rose by Rs 1,500 to Rs 1,01,500 per kg. Market participants are watching key macroeconomic data and developments in the Russia-Ukraine situation for further insights.
Reliance to stop buying Venezuelan oil over US tariffs, sources say
India’s Reliance Industries, operating the largest refining complex globally, will stop importing Venezuelan oil due to a new 25% U.S. tariff on countries purchasing crude from Venezuela. Reliance, which imports about 2 million barrels monthly, might still receive an April cargo. The tariff threat has already slowed Venezuelan heavy crude loading at main ports.
Women mutual fund distributors represents 21.5% of total registered MFDs in India: AMFI – Crisil Report
Women’s participation in mutual funds has surged, with AUM doubling in five years to Rs 11.25 lakh crore. Long-term investing, SIP adoption, and equity allocation have increased, while debt fund interest declined. More women are opting for direct plans, and younger investors in smaller cities are driving mutual fund growth.
Market laggards no more? 2 smallcaps jump up to 19% despite market slump
Capri Global Capital and Tourism Finance Corporation of India (TFCIL) soared with a 20% upper circuit on Wednesday despite the overall market decline. Capri Global reported an 88% annual profit growth, while TFCIL is trading above its 50-day and 200-day SMAs, indicating strong performance.
Rohit Srivastava identifies three key sectors to watch in near term
Rohit Srivastava discussed market moves, noting a pullback in Nifty and Bank Nifty. Immediate support levels are seen at 23,500 for Nifty and 51,150 for Bank Nifty. Significant trends in commodities, PSUs, and financials were highlighted, with the potential resurgence of the IT sector as well.
US tariffs may hit India’s marine exports, but other sectors resilient: Ajay Srivastava
We cannot feel any pain of any other product hitting. But if we agree to their demands on dismantling of MSP, allowing GMO products, and allowing ethanol, I mean, domestic policy beyond tariffs, then it will be a big problem.
Defence a good bet over the medium term; avoid auto for now: Rajesh Bhatia
Rajesh Bhatia, CIO at ITI Mutual Fund, suggests that the market will be stock-specific rather than trending. He recommends focusing on sectors like power and defence while avoiding auto stocks. Additionally, he believes declining interest rates will benefit banks and NBFCs. Enthusiasm should be kept low with selective stock picking being key.
Stocks to buy today: Motilal Oswal see 20-40% upside in Brigade Enterprises & Marico
Motilal Oswal remains optimistic about Brigade Enterprises, emphasizing robust pre-sales growth, expansion outside of Bangalore, and increasing rental income after FY26.
This brokerage backs Suzlon shares despite a 31% fall in 6 months. Here’s why
Suzlon Energy’s shares have dropped 31% in the last 6 months, underperforming the Nifty 50 index. However, Motilal Oswal remains bullish, initiating coverage with a ‘buy’ rating and a target price of Rs 70, indicating a 21.5% upside. Suzlon leads global wind energy with 20.9 GW capacity across 17 countries, including 15 GW in India.