Gift Nifty jumps 400 points from lows after US Supreme Court strikes down Trump tariffs
A significant US Supreme Court ruling has dismantled former President Trump’s broad tariffs, sparking a rally in global markets, including India’s Gift Nifty. This decision, rejecting the use of emergency powers for trade policy, offers a potential reset for international trade tensions. For India, it arrives as markets grapple with volatility, potentially easing existing tariff […]
NSE to launch Gold 10 grams futures from March 16 after Sebi approval. Check expiry and other details
National Stock Exchange will launch Gold 10 grams futures from March 16 after approval from Securities and Exchange Board of India. The monthly, delivery-based contract aims to boost retail participation with defined price limits, margins and Ahmedabad-based settlement.
Gaurav Jogani sees jewellery, footwear driving consumer discretionary growth
Jewellery and footwear sectors are driving growth in consumer discretionary spending. Quick-service restaurants are adapting with pricing strategies. Margins are improving due to cost management. Experts see limited downside in valuations. Key metrics to watch include same-store sales growth and brand margins. Titan, Lenskart, Metro Brands, Vishal Mega Mart, Devyani, and Sapphire are top picks.
Markets in a seesaw phase; investors should use volatility to back largecap stocks: Rahul Shah
Equity markets experienced a sharp reversal this week, erasing early gains and sparking debate about deeper weakness. Despite the choppiness, market experts remain constructive, citing strong earnings trends and sectoral tailwinds. Rahul Shah highlights robust profit growth and positive outlooks for BFSI, metals, consumption, autos, and cement, recommending selective investment in largecap stocks.
Fundamentals intact but markets search for fresh triggers, says Karthikraj Lakshmanan
Indian equities are navigating uncertainties, with strong fundamentals and a supportive macro environment. Despite a disconnect between on-paper strength and market tickers, experts anticipate double-digit GDP and earnings growth by FY27. Investors are advised to focus on bottom-up stock selection, particularly in financials and select mid-caps, as the market matures.
Markets likely to look past geopolitics as oil risks remain contained, says Andrew Freris
Markets are increasingly accustomed to geopolitical shocks, with investors likely to overlook conflicts unless they significantly impact growth or inflation. While crude oil remains a key variable, strong US production and OPEC decisions are balancing supply. Investors are focused on US economic data and the Federal Reserve’s delayed interest rate cut outlook.
Omnitech Engineering to float Rs 583 cr IPO on Feb 25
Omnitech Engineering has announced its upcoming IPO, aiming to raise Rs 583 crore with a price band of Rs 216-227 per share. The precision component manufacturer’s share sale opens February 25, with funds earmarked for debt repayment and expansion. The company, serving global energy and industrial clients, is set to list on March 5.
Brokerage that nailed gold, silver bull run targets fresh record highs
Apurva Sheth of Samco Securities forecasts a continued bull market for gold and silver, projecting record highs driven by structural deficits and strong investment demand. He anticipates gold reaching $7,040 and silver $140-210 within three years, highlighting a potential shift in leadership from silver to gold.
Negative Breakout: These 10 stocks cross below their 200 DMAs
In the Nifty500 pack, the closing prices of 18 stocks fell below their 200-day moving averages (DMA) on February 19, according to StockEdge.com’s technical scan data. Of these, we have highlighted 10 stocks that slipped more than 2%. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price […]
Manilam Industries IPO: Check GMP, price band, subscription and other details
Manilam Industries India’s Rs 40 crore SME IPO opens for subscription on Friday. The issue closes on February 24. Listing is scheduled on the NSE SME platform on February 27. The company is engaged in manufacturing decorative laminates and trading plywood. Proceeds will fund capital expenditure, loan repayment, and working capital.