Several stocks, particularly in the BFSI sector, are showing bullish signals with increased open interest in the June series. PNB, Bank of India, Manappuram Finance, SBI Cards, and SBI are poised for potential breakouts. BSE is also exhibiting strong upside potential due to regulatory changes, while Inox Wind sees continued bullish momentum with high rollover rates.
Technology to drive consolidation in broking and asset management: Saurabh Mukherjea
Saurabh Mukherjea of Marcellus Investment Managers anticipates profit margin compression in the AMC sector due to increased competition. He suggests potential US tariffs on India