Short-term traders should stay cautious; more weakness likely ahead: CA Rudramurthy BV
Indian stock markets faced a turbulent week. The Nifty index dropped below 25,300, a key support level. Bank Nifty also weakened, adding to market concerns. Experts suggest this indicates a potential for further declines in the short term. Investors are advised to be cautious and selective in their approach.
Strong growth and subdued inflation keep India in sweet spot: Aurodeep Nandi
India is experiencing robust economic growth alongside subdued inflation, a rare “goldilocks” scenario. Nomura’s Aurodeep Nandi highlights easing headwinds, supportive policy, and stable core inflation, projecting continued expansion. While rate cuts are unlikely, the RBI retains flexibility, and the rupee faces moderate volatility.
Nischal Maheshwari bets on PSU banks, flags microfinance reset as structural positive
Market expert Nischal Maheshwari advocates a selective, valuation-conscious strategy across sectors like microfinance, banks, metals, autos, power, and defence. He highlights opportunities in PSU lenders and commercial vehicles, while cautioning on metals and defence stocks due to current valuations and volatility. Maheshwari also notes structural demand in data centres and a positive outlook for autos.
360 ONE’s Mayur Patel spots opportunities in 4 sectors for your FY27 portfolio
Mayur Patel of 360 ONE Asset Management sees improving structural drivers in financials, telecom, commercial vehicles, and integrated solar manufacturing, which are not fully valued for their medium-long term earnings. He highlights easing liquidity, trade deal benefits, and potential for revived foreign flows, while cautioning on AI disruption in IT services and rich valuations in […]
Manilam Industries India shares to list today. Here’s what GMP indicates
Manilam Industries is set to list on the NSE SME platform on February 27. The IPO closed on February 24 and was subscribed 6.25 times overall. The company plans to use the funds for equipment, solar panels, loan repayment, and working capital. Manilam Industries manufactures decorative laminates and trades in plywood.
Positive Breakout: These 12 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap over Rs 1000 crore, 12 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on February 26, according to stockedge.com’s technical scan data. Traders use the 200-day daily moving average (DMA) as a key indicator to determine the overall trend in a particular […]
Global Market Today | Asian markets retreat following decline in US stocks
Asian stocks saw a slight dip from their peak levels. This followed a downturn in Wall Street markets. Investor sentiment was impacted by a subdued response to Nvidia’s earnings report. Despite this, Asian equities continue to outperform global benchmarks this year. Investors are focusing on companies involved in the artificial intelligence supply chain.
NSE invites investment banks to pitch for managing IPO
The National Stock Exchange has invited 15 investment bankers to pitch for managing its upcoming IPO, with JPMorgan Chase and Kotak Mahindra Capital among those in contention. The exchange is expected to file its draft red herring prospectus in April, with existing shareholders likely to offload 4-4.5% of equity. This move follows SEBI’s no-objection certificate, […]
Sebi tightens rules on MF classification, overlaps
The Securities and Exchange Board of India (Sebi) has revamped mutual fund scheme classifications, mandating uniform naming conventions and eliminating the solution-oriented category. New rules also cap portfolio overlaps for thematic equity funds, potentially leading to consolidation and impacting arbitrage fund returns. These changes aim for investor clarity and scheme uniformity.
IRFC OFS draws tepid retail participation
Retail investors largely ignored the government’s offer for sale in IRFC, with only a fraction of the reserved shares being bid for on the final day. Institutional investors had previously subscribed to nearly 95% of their allocated shares. Due to undersubscription, the government opted not to exercise the green-shoe option.