Sudip Bandyopadhyay bets on pharma, metals and select cyclicals as geopolitical risks ease
Easing West Asia tensions boost global markets, prompting investors to reassess opportunities. Market veteran Sudip Bandyopadhyay favors pharmaceuticals, healthcare, specialty chemicals, agrochemicals, education, and metals, citing earnings visibility and growth drivers. He advises caution on MTAR Technologies due to client concentration and a sharp rally.
Asian Paints, HPCL, MRF other crude-sensitive stocks jump up to 5% on Iran-US peace deal framework
Crude-sensitive stocks surged as oil prices dropped significantly following an agreement between Iran and the US to end their conflict and reopen the Strait of Hormuz. This development brings relief to global oil shipments, though analysts advise caution regarding the timeline for full normalization.
Will SpaceX’s $75 billion IPO set the ball rolling for Reliance Jio and NSE listings in India?
SpaceX’s massive IPO is making waves globally. However, Indian market experts believe this will not directly impact upcoming listings of Jio Platforms and NSE. The timing for these Indian mega IPOs will depend on domestic market sentiment and conditions. Geopolitical easing could also play a role.
Nifty’s hidden discount sale: 54% of top Indian stocks are cheaper now than in 2023. Is it time to buy?
Over half of India’s top Nifty50 stocks are now trading at lower forward P/E multiples than in 2023, indicating a significant valuation correction. This discount sale, driven by macro anxieties and a slowdown in earnings growth, presents a recalibrated risk-reward scenario for investors. Experts suggest this period offers a tactical accumulation window for long-term capital […]
IndiGo, SpiceJet and other tourism stocks surge up to 7% as US-Iran deal lifts sentiment
Indian airline and travel stocks up to 7% surged as U.S. President Trump announced an initial agreement to end the war and reopen the Strait of Hormuz. This development is expected to ease geopolitical tensions, potentially reducing operating costs for airlines and restoring travel sentiment. Investors anticipate a normalization in global travel and aviation as […]
Why a Rs 72,000 crore fund manager refuses to chase power and defence rally now
ICICI Prudential’s Mittul Kalawadia advises caution on current market valuations. He notes that future growth is already factored into stock prices, limiting safety for new investments. Kalawadia highlights attractive opportunities in banking, select discretionary consumption, pharmaceuticals, and manufactured goods exporters. He also discusses the IT sector’s potential disruption by AI and the importance of position […]
4 new Vedanta Group stocks to list on stock exchanges on Monday. Brokerages reveal expected listing price
The Anil Agarwal-led group announced in April that each of its eligible shareholders will get one share in each of the four companies for every share held in Vedanta on the record date, marking one of the biggest corporate restructurings in India’s metals and mining space.
Crude Oil Price Today (June 15): Oil hits March lows, down 4% as US-Iran sign peace deal. What are experts saying?
Brent Crude oil price : Brent crude futures fell $3.58, or 4.10%, to $83.75 a barrel, while U.S. West Texas Intermediate crude declined $4.01, or 4.72%, to $80.87. Both benchmarks had already fallen more than 3% on Friday.
Gold gains over 1% after US, Iran reach peace deal
Gold prices surged over 1% as U.S. and Iranian officials announced a peace deal to end their conflict, halt the U.S. blockade, and reopen the Strait of Hormuz. This development eased inflation and higher interest rate concerns, pushing oil prices down and reducing the likelihood of a December U.S. rate hike.
Global Market Today: Asian shares surge, oil skids on Gulf deal
Markets globally surged as a tentative US-Iran peace deal emerged, promising to ease inflation and reduce the need for interest rate hikes. Oil prices plummeted on the news, with Brent crude falling significantly. This development offers relief to central banks worldwide ahead of key policy meetings this week.