Govt to sell 3% stake in BHEL via OFS, sets floor price at Rs 254 per share
BHEL stake sale: The government will sell 3% stake representing over 10.44 crore shares in Bharat Heavy Electricals Limited (BHEL) via an offer for sale (OFS). The defence PSU has set the floor price at Rs 254 per share.
Silver ETF inflows jump 139% month-on-month in January to Rs 9,463 crore, AUM at Rs 1.16 lakh crore
Silver ETFs saw massive January inflows as investors chased precious metals despite sharp volatility. Assets surged, returns topped 50%, and silver outperformed gold before a late-month crash underscored risks amid global uncertainty and profit-booking and heavy ETF participation nationwide grew.
Sensex ends 208 pts, Nifty reclaims 25,900; auto, metal stocks shine
Benchmark indices Nifty and Sensex extended their gains for a second straight session on Tuesday, supported by a sharp rally in auto and metal stocks that lifted overall sentiment. Meanwhile, broader markets outperformed, with midcap and smallcap indices rising 0.5% and 0.35%, respectively.
BSE’s long-term growth trajectory remains strong: Sundararaman Ramamurthy
BSE’s Managing Director and CEO Sundararaman Ramamurthy states the exchange prioritizes long-term market growth over derivatives market share. Recent tax changes may encourage longer-term equity investments. Ramamurthy believes the exchange is still in its early growth phase, with significant potential for foreign investor participation. He anticipates market microstructure adjustments due to these developments.
2 top stock recommendations from Vinay Rajani
Indian stock markets are advancing, approaching record levels. Experts see continued strength in the Nifty, with support at 25,600. Metals and PSU banks are identified as key performing sectors. Steel Authority of India and Bank of Maharashtra are highlighted as promising stock picks. Broader market participation is increasing as the earnings season concludes.
Gold and silver rally set to continue as dollar weakness looms: Peter Schiff
Renowned investor Peter Schiff predicts continued gains for gold and silver, driven by a weakening U.S. dollar and shifting global monetary trends. He cites a loss of confidence in U.S. fiscal policy and central bank independence as key factors, suggesting gold will replace the dollar as a reserve asset.
Amnish Aggarwal on stocks to watch amid market volatility
Indian markets see renewed investor interest in pharma, speciality chemicals, and exchange-traded services, with recent earnings showing mixed signals. Pharma valuations are attractive, with Sun Pharma and MNCs like GSK and Pfizer showing promise. Speciality chemicals require patience, while BSE’s performance is linked to market sentiment and NSE’s upcoming listing.
Gold, silver ETFs gain as investors buy the dip after sharp fall
Gold and silver ETFs rebounded strongly on Monday, recovering from significant losses incurred last week. Despite market volatility, wedding-related demand persists, with consumers in smaller cities accelerating purchases to hedge against future price increases. Long-term investors continue to favor gold for its consistent returns.
Upstox not in a hurry for IPO, targets 2.3x jump in FY26 profit to Rs 500 crore
Upstox is prioritizing profitability and diversification over an immediate IPO, aiming for a 2.3x profit jump to ₹500 crore by FY26. The brokerage is expanding into commodities, MTF, and mutual funds to offset regulatory impacts and build resilience in a challenging market environment.
Navin Fluorine shares up 3% as Q3 net profit soars 122% to Rs 185 crore
Following an exceptional December quarter, Navin Fluorine International witnessed a significant leap in its stock prices. The firm announced a noteworthy surge in both net profit and revenue, highlighting enhanced operational performance marked by elevated EBITDA and improved margins. Growth was particularly notable across High-Performance Products, Specialty Chemicals, and CDMO markets.