NSE shares fall 2%, slip below IPO price, but analysts’ target prices go up to Rs 2,050. Time to buy?
NSE slipped below their Rs 1,785 IPO price on Monday, taking its market capitalisation to Rs 4.36 lakh crore. Despite the decline, brokerages remain positive on the stock, with Macquarie, Emkay and PL Capital setting target prices between Rs 1,950 and Rs 2,050, citing its market leadership and growth prospects.
PB Fintech shares can rally 91% after 2-day bloodbath, says Bernstein. Here’s why it remains bullish
PB Fintech shares rose 4% after Bernstein retained its Outperform rating and Rs 2,310 target price, despite the stock’s sharp fall following IRDAI’s proposed ban on dark patterns. The brokerage expects lower insurance take rates, revenue and profit estimates, while cost rationalisation could provide some cushion. IRDAI’s draft framework also proposes sweeping changes to insurance […]
BSE shares fall 2%, down 30% in 4 months. Why Macquarie is bullish while Jefferies is cautious
BSE shares fell over 2% amid a broader market decline, trading more than 30% below their May high. Brokerages offered mixed views, with Macquarie bullish on growth prospects, while Jefferies and Nuvama flagged regulatory and operational headwinds, including STT changes, RBI norms and the Closing Auction Session impact.
Suzlon Energy shares fall 2% to near six-month low, down 15% in one month
Suzlon Energy shares slipped over 2% to a near six-month low, approaching their 52-week low amid higher trading volumes and broader market weakness. Investors are also tracking the company’s Q1 performance and wind energy outlook.
Fed tightening bets weigh on gold prices
Gold prices have taken a hit, influenced by rising oil rates that have sparked inflation fears and suggested further interest rate hikes may be on the horizon. Spot gold decreased by 0.7%, with US gold futures mirroring the trend. Analysts warned that escalating energy costs may exacerbate inflation, prompting consumers to feel anxious about their […]
Indian markets struggle to keep pace with global peers amid oil, rupee and geopolitical pressures
Foreign Portfolio Investors have withdrawn significant funds from Indian equities, resulting in notable market losses. Meanwhile, domestic mutual fund inflows have provided some support, mitigating these losses. Sectoral performance has varied, with IT and FMCG experiencing declines amid external challenges. Valuations in India have cooled, making the market comparatively cheaper relative to global peers. Overall, […]
Dollar firms as US-Iran tensions lift oil, hawkish Fed bets build
The dollar showed strength as investors anticipated inflation data and central bank decisions this week. Oil prices increased due to ongoing US-Iran tensions, which raised concerns about energy supply. Analysts predict potential interest rate hikes from the Federal Reserve given current inflationary pressures. The Australian dollar is also expected to see a rate increase in […]
Equities must remain in retirement portfolio despite market swings: Hsu
Judy Hsu, the CEO of Standard Chartered, highlights the critical role of equities in retirement portfolios despite current market fluctuations. Recent trends show a notable withdrawal of funds from Indian equity markets due to global economic changes. The bank has observed a rapid rise in private credit interest among high-net-worth individuals, while entrepreneurs emerge as […]
IPO rush continues: 20 issues to raise over Rs 1,257 crore this week
In an exciting week for investors, the market anticipates four major IPOs and 16 smaller SME IPOs, aiming to raise approximately ₹1,257 crore. Key players in the mainboard segment include Shah Investors Home, Srit India, Vishal Nirmiti, and Nityas Gems & Jewellery, all expected to make significant waves. With additional listings on the horizon from […]
Emerging market investors shun riskiest bonds as US yields soar
Emerging-market investors are pulling back from riskier bond investments amid a significant selloff in global credit markets. The recent turmoil has resulted in high yields for US Treasuries, raising concerns among money managers. With credit spreads at tight levels not seen since 2007, investors are worried about potential bond selloffs. Some analysts are trimming exposure […]