Dollar bears seize on notion of crumbling US exceptionalism
The expanding chorus of greenback bears includes asset managers Invesco and Columbia Threadneedle and hedge fund Mount Lucas Management. On Wall Street, Morgan Stanley and Societe Generale are warning clients that going long the dollar is an overcrowded trade that may not hold up.
Oversold Nifty may see a technical bounce: Analysts
Stocks like HDFC Bank, Bajaj Finance, Hindalco, Ashok Leyland, NTPC, BEL, Chola Finance, JSW Energy, Narayana Hrudayalaya, and SBI Cards look promising on the charts, with potential returns of 5–8%, analysts said.
High F&O rollovers in these stocks signal contrarian bets
After having dropped 32% from the all-time high, stock futures of the consumer goods manufacturer are seeing a bullish build-up. “The stock is now showing signs of a gradual recovery and has reclaimed its short-term moving average, the 20-day EMA (exponential moving average), in the last trading session.
Adani eyes $12.5 billion equity to partially fund Rs 5 lakh crore capex
The Adani Group raised $13.8 billion in equity between 2019 and 2024, among the highest such exercises by an Indian conglomerate after Reliance Industries. The money had been raised by Adani Enterprises, Adani Green Energy, Adani Energy Solutions and Adani Total Gas.
Ex-SoftBank biggie looks to bet big on Shapoorji Group
Rajeev Misra, former SoftBank executive, is planning a significant investment in the Shapoorji Pallonji Group through his venture One Investment Management and a consortium of global funds. The funds will help refinance the group’s high-cost debt, leveraging their stake in Tata Sons.
Q3 GDP booster, Feb auto sales data among 8 factors that could impact D-Street trade this week
Rupak De, Senior Technical Analyst at LKP Securities, commented that Nifty continues to stay in the bearish zone. He noted that in the short term, Nifty is likely to find support between 21,800 and 22,000.
SaaS player Excelsoft Technologies files DRHP with Sebi for Rs 700 crore IPO
Saas company Excelsoft Technologies has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise Rs 700 crore through an IPO.
IPO Calendar: Muted market sentiments limit offerings to just 1 this week
Although the primary market is currently quiet, analysts remain optimistic about the long-term outlook. Around 1,000 IPOs are expected to launch over the next two years, with prominent companies like Zepto, LG India, and Reliance Jio preparing to go public.
From upcoming financial year onwards, all schemes’ funds must flow via single nodal agency: FM Sitharaman
Finance Minister Nirmala Sitharaman has instructed the Department of Expenditure to route all funding for schemes through a single nodal agency from the next fiscal year. She emphasized the role of the CGA to support states in adopting this system, which has already saved over Rs 11,000 crore since 2021-22.
GST mopup rises 9.1 per cent in February on strong local play
India’s gross GST collections rose by 9.1% year-on-year in February, reaching ₹1.83 lakh crore, reflecting an economic rebound. Domestic transactions surged by 10.2% to ₹1.41 lakh crore, while growth from imports moderated to 5.4%. Experts foresee further increases in GST collections ahead.