Rupee falls 36 paise after RBI rolls back some forex curbs
The currency had closed Monday at 93.13/$. The rollback came after markets ended trading Monday. Bank treasury heads said they remain cautious and are holding back from offering non-deliverable forward (NDF) contracts to corporates, as RBI is likely monitoring such trades. The dollar-rupee forward premiums rose, increasing hedging costs, with the 1-year forward yield up […]
As FPIs continue to sell, outflows likely to rise before inflows revive
“The financial services sector has the biggest weight on benchmark Nifty; so when there is broad-based selling, banking and financial services’ share in foreign selling tends to be higher,” said U R Bhat, co-founder & director, Alphaniti.
US markets fall as Middle East concerns offset earnings optimism
US markets saw a dip as American stocks fell. Early gains vanished due to renewed worries about the Middle East conflict. This overshadowed positive corporate earnings and strong retail sales figures. Investors are closely watching developments in Iran. The market sentiment remains cautious amid geopolitical uncertainties.
MF Picks: 13 smallcap stocks surge up to 115% in six months; 3 turn multibaggers
MFs are ramping up exposure to smallcaps, with 13 picks soaring up to 115% in six months and three turning multibaggers.
Tata Investment Q4 Results: Profit jumps 69% YoY to Rs 64 crore; co declares Rs 3.4 dividend
Tata Investment Corporation posted 69% YoY profit growth to Rs 63.83 crore, driven by strong dividend and investment gains. Revenue surged 143%, while lower taxes boosted earnings. Full year performance also improved significantly, reflecting solid portfolio returns amid volatile market conditions
Groww’s Ishan Bansal sees structural shift in derivatives participation post regulatory changes
Derivatives business faces a structural reset post FY25 regulatory changes, with growth now driven by a smaller but stable customer base, increased market volatility, and an evolving product mix. Despite a dip in equity derivatives participation, future growth is anticipated from overall industry expansion and increasing per-user activity as younger investors engage more.
Nifty bears regret not buying the dip. Will Trump hand them a second chance?
Indian equities have staged a sharp recovery, with Nifty up 9% this month, surprising bears who anticipated a deeper dip. Despite geopolitical tensions, market sentiment has shifted to a ‘buy-on-dips’ approach, with experts suggesting the market is near a bottom. Analysts advise staggered buying as near-term direction depends on Middle East de-escalation, crude oil prices, […]
Tata Steel shares jump 12% so far in April. Here’s why Nomura stays bullish on India’s steel sector
Tata Steel shares are nearing record highs, up 12% in April, as Nomura maintains a bullish outlook on India’s resilient steel sector. The brokerage believes global headwinds, including Chinese competition and Middle East conflict impacts, will have limited effect on major players’ earnings potential.
Rising stars on D-St: Senco Gold among 15 stocks with up to 50% upside scope
Indian stock markets continue to recover from the incessant selloff in March, with Sensex and Nifty rebounding sharply. As investors continue to re-evaluate their portfolios, SBI Securities named 15 stocks as its ‘rising star’ recommendations. Check out the list of stocks named by the domestic brokerage and their upside potential from the previous closing price.
Sensex jumps 1,200 points in three days ahead of Iran war ceasefire expiry. 4 key factors
Indian markets extended gains for a third straight session, supported by easing oil prices and optimism around US-Iran talks. Sensex and Nifty rose sharply, adding over Rs 8 lakh crore in market capitalisation. Broader markets and realty stocks led gains, while declining volatility signalled improving investor sentiment.