India’s macro setup stable, but markets await earnings firepower: Hemang Jani
Hemang Jani suggests favoring Swiggy, Eternal, or Policybazaar over Nykaa among new-age companies, citing Nykaa’s lackluster performance. He anticipates stable market conditions with a focus on the upcoming earnings season and potential sector rotation. While IndusInd Bank shows revival signs, Jani expresses near-term caution on the banking sector as a whole.
RPower, Reliance Infra shares tumble up to 5% after SBI flags RCom loan as fraud
Shares of Reliance Power and Reliance Infrastructure fell sharply after SBI classified Reliance Communications’ loan as fraud, implicating Anil Ambani. The move, based on a 2020 forensic audit, alleged diversion of Rs 12,692 crore. Ambani’s legal team called the action ex parte and unjust, claiming it violates RBI norms and court rulings while ignoring his […]
CDMO and Generics the next pharma growth pillars: Gurmeet Chadha
Gurmeet Chadha suggests that with corporate profitability nearing all-time highs and markets at 21 times forward earnings, investors should temper return expectations. He recommends a balanced portfolio with long-dated bonds and gold. Rural demand is showing signs of recovery, while the pharma sector, particularly CDMO and generics, presents opportunities with lower correlation to the Nifty.
Tata Steel shares rally 5.5% in 2 days on China-fueled metals rally, upbeat UK business outlook
Tata Steel shares climbed more than 3% on Wednesday, following a global surge in steel futures driven by encouraging factory data from China, which pointed to a rebound in manufacturing activity. The upward momentum carried into Thursday, with the stock reaching an intraday high on the BSE.
Coromandel International shares gain 4% after CCI approves NACL acquisition
Coromandel International shares: In a regulatory filing, the company announced that the Competition Commission of India (CCI) has granted approval for its planned acquisition of a majority stake in NACL Industries Limited.
Ukraine war ceasefire in sight? Nah! Russia is in driver’s seat and whatever Trump is doing is not serious: Swaminathan Aiyar
Amidst Washington’s push for a ceasefire in the Russia-Ukraine war, Trump’s strategy remains ambiguous, marked by shifting stances and skepticism. Despite aiming to reduce commitments to Ukraine and increase sanctions, the effectiveness of these measures in compelling Putin to negotiate is uncertain. Trump’s unpredictable approach leaves the situation fluid, with Russia currently holding a strong […]
Asian Paints shares up 8% in 1 week amid rising momentum, even as regulatory clouds loom
Asian Paints shares rose 8.3% in a week, driven by falling crude prices and improved margin outlook, despite a CCI probe into alleged market abuse. Strong technical signals support near-term gains, but regulatory risks persist.
Expect sector rotation ahead; investors must stay nimble: Dhananjay Sinha
Dhananjay Sinha of Systematix Group suggests a cautious market outlook. Upcoming results season, tariff concerns, and US Fed rate decisions are key factors. A rotational investment strategy is advised. Focus on sectors like consumption-related ideas, non-ferrous metals, tractors, two-wheelers, agri-inputs, FMCG, and defence. Banking sector rally may slow down. Auto sector faces potential supply headwinds. […]
IndusInd Bank, Hero MotoCorp may exit Nifty to make way for IndiGo, Max Healthcare: Nuvama
IndusInd Bank and Hero MotoCorp may be dropped from the Nifty50 in the September review, with Max Healthcare and IndiGo likely replacements, according to Nuvama. Max could see $400 million in passive inflows if included. BSE is unlikely to enter the Nifty50 or even the Nifty Next 50 unless its stock surges over 40% and […]
Moving Media Entertainment shares list at 1% premium on NSE SME platform
Moving Media Entertainment debuted on the NSE SME platform with a 1.4% premium, listing at Rs 71 against an issue price of Rs 70. The IPO, a fresh issue of 62 lakh shares, saw strong revenue growth in FY25. Proceeds will fund advanced camera solutions, debt repayment, and general corporate needs.