Should you buy the dip? Strategist Anand James shares his weekly stock strategy
Market expert Anand James suggests caution following recent volatility. He notes the Nifty needs to break above 24,140 for a confirmed upswing. IT stocks are oversold, but a short-term bounce is possible. James recommends a selective approach, prioritizing technical confirmation before making new investments in the coming week.
Amba Auto IPO opens for subscription today. Check GMP, price band and other details
Amba Auto Sales and Services’ Rs 65 crore SME IPO opens Monday with zero grey market premium, indicating cautious investor sentiment. The company, an authorized dealer for Bajaj Auto and LG Electronics, plans to use IPO proceeds for working capital and expansion. Financials show steady growth, with revenue around Rs 242 crore in FY25.
India tech giants struggle to shake off $115 billion rout
India’s top software exporters are facing investor concerns over growth, with Infosys and HCL Technologies reporting results below expectations. This downturn, exacerbated by a weak global economy and AI disruption, has led to a significant drop in the IT sector’s valuation, wiping billions off its market cap.
Essentials, staples drive Reliance’s FMCG business, qcomm push hits retail margins
Reliance’s consumer goods arm is seeing strong growth. Daily essentials are now its biggest revenue source, bringing in ₹8,800 crore in FY26. Beverages also performed well. The company’s overall FMCG business is projected to reach ₹22,000 crore in FY26. Campa soft drinks lead the brand sales, with Independence staples following closely. Reliance is expanding its […]
Dollar demand, FPI outflows, oil prices to weigh on rupee
The Indian rupee is anticipated to decline further this week, breaking its recent stable trading band. Strong dollar demand, rising oil import costs, and consistent foreign investor withdrawals are pressuring the currency. Despite the Reserve Bank of India’s interventions, the rupee is expected to open significantly weaker on Monday, signaling continued downward pressure.
Nifty expected to oscillate between 23,400 and 24,500: Analysts
Technical analysts suggest the Nifty is entering a consolidation phase rather than a reversal, with key support zones expected to hold. Analysts anticipate a trading band between 23,400 and 24,500, with a breakout needed to revive directional strength. The underlying structure remains constructive for a gradual upward move.
India Inc net profit rising in double digits in Q4 despite RIL’s dip
Corporate earnings for the March 2026 quarter show strong growth. Aggregate net profit rose double digits, boosted by banking and finance firms. Reliance Industries’ profit declined, but this was offset by other sectors. Revenue growth reached its highest in seven quarters. IT companies also reported significant profit increases. More results are expected soon, offering further […]
Microfinance stress under control, deposit rates likely to remain unchanged: V Vaidyanathan, IDFC First Bank
IDFC First Bank will not raise deposit rates soon after recent cuts. The bank is focusing on growth in mortgage, vehicle, and consumer loans. It also aims to expand its rural banking and priority sector loan book. The microfinance book stress is now under control. The bank is also investing in technology and its mobile […]