Dalal Street Week Ahead: Nifty seen consolidating further before next directional move

The Nifty experienced a mild corrective movement, trading in a downward-biased consolidation phase and ending the week with a slight loss. Despite a supportive Fed stance, the index faced resistance near recent highs, indicating a technical pause within an uptrend. Traders are advised to remain cautious, protect profits, and await a breakout above 26,200–26,300 for […]

Where valuations still make sense: ICICI Pru’s Vaibhav Dusad on IT, banks and select contrarian bets

ICICI Prudential AMC sees opportunities in technology and large private banks. Financials are adapting to rate cycle changes. The fund manager discusses how concentrated portfolios generate alpha. Innovation is explored through various themes. The outlook for banking and financial services is constructive. Certain market segments offer valuation comfort, with contrarian plays emerging for the new […]

Eternal and Temasek-backed Shiprocket files updated DRHP for Rs 2,342 crore IPO

E-commerce enabler Shiprocket is gearing up for an IPO, aiming to raise up to Rs 2,342 crore. The company, backed by investors like Temasek, plans to use the funds for platform growth, technology, and potential acquisitions. Shiprocket’s platform assists Indian MSMEs and digital retailers with logistics, payments, and sales, operating an asset-light model.