Global risks still loom over Indian valuations, warns Sanjeev Prasad
Kotak Institutional Equities’ Sanjeev Prasad suggests a potential IT sector backstop due to already priced-in bad news and company cash reserves, despite unglamorous guidance. He questions high valuations across sectors, considering weaker short-term growth, medium-term disruptions, and elevated global bond yields.
Technical picks: NTPC, Bharti Hexacom among 4 stocks to buy for up to 34% returns in short term
Equity benchmarks closed the last week on a subdued note, ending with modest losses amid heightened volatility. The current holiday-shortened week is expected to be volatile as investors track the developments around the tariffs coming out of the US. In this setup, here are 4 stocks to buy for robust returns in the short term.
HDFC Defence Fund hikes stake in BEML & Solar Industries, adds Centum Electronics in March
HDFC Defence Fund, India’s only defence sector-focused fund, strategically increased its holdings in BEML and Solar Industries in March. It also introduced Centum Electronics to its portfolio, adding 2.58 lakh shares. While maintaining exposure in 19 stocks, the fund’s asset allocation heavily favors capital goods at 66.76%, followed by chemicals at 15.29%.
90-day tariff pause not a reversal, just prolongs market uncertainty: Rajeev Agrawal
Rajeev Agrawal of DoorDarshi India Fund suggests navigating market volatility stemming from President Trump’s tariff policies. He believes tariffs’ impact on India’s GDP is minimal, advising investors to focus on domestic sectors with comfortable valuations. Lending and capital markets are highlighted as promising sectors despite market fluctuations, offering opportunities for those who understand business fundamentals.
ETMarkets Smart Talk | IT, Pharma face global headwinds; Banks and Telcos offer safety: BNP Paribas’ Abhiram Eleswarapu
The recent market drawdown may have already factored in some but not all potential earnings cuts, especially in globally exposed sectors such as IT services and energy. In such a scenario, large-cap valuations look more attractive than mid- and small-caps, and also present fewer downside risks.
Q4 results today: ICICI Pru Life, IREDA among 9 companies to announce earnings on Tuesday
ICICI Lombard and ICICI Prudential Life are set to announce their Q4 results, with analysts anticipating a 10% YoY APE growth for ICICI Pru Life, reaching Rs 3,312 crore. ICICI Lombard’s total income is expected to grow by 5% to Rs 5430 crore, driven by moderate NEP growth.
Fertiliser companies to get a volume+pricing boost
While agrochemical demand remains subdued due to unfavourable weather conditions and crop price pressures, fertilizers are benefiting from structural advantages, making them the preferred pick.
Global FIs join BlackRock for Adani’s $750 million bonds
BlackRock picked up a third of the entire sum and was the largest subscriber to the 3-5 year paper. Farallon Capital Management, Elham Capital-private credit arm of Hillhouse-Sona Asset Management and King Street Capital were others in the consortium, said people in the know.
Asian stocks rise led by Japan on auto tariff reprieve
Shares in Japan rose more than 1% with companies such as Toyota Motor Corp. jumping after President Donald Trump said he is exploring a pause in auto tariffs. Futures contracts for the S&P 500 pared earlier losses from a plan to impose tariffs on semiconductor and pharmaceutical imports. Treasuries were steady and a gauge of […]
Amid all their selling, FPIs accumulate select stocks
Fairfax-backed CSB Bank saw FPI holdings rise by 800 basis points to 13.07% in FY25. Amansa Holdings and Ashoka Whiteoak India Opportunities Fund were the top buyers.