HCL Tech has painted a better picture for the year
HCL Tech exceeded expectations in Q3FY25, reporting robust net profit and margin growth, despite slightly below-estimate dollar revenue growth. The company raised its FY25 revenue guidance and maintained a lead over TCS in revenue growth metrics.
LIC’s weak show weighs on Life Insurers’ Dec biz
The life insurance industry saw a 4.8% year-on-year growth in Retail Annualized Premium Equivalent (APE) for December 2024, hindered by a 13% decline in LIC’s Retail APE due to new surrender regulations, while private sector growth rose by 11.4%. SBI Life led as the fastest-growing private insurer.
Liquidity the bigger worry, not rupee fall
The weakening rupee is unlikely to significantly impact India’s trade balance, inflation, or growth prospects despite hurting importers. Limited commodity price rises and weak global growth, especially in China, help mitigate imported inflation. Excessive rupee interventions may hinder growth and further strain forex reserves and liquidity.
Nifty Next 50 in bear grip, stocks decline upto 58%
In comparison, the benchmark Nifty is 12% below its peak level on September 27, while the Nifty Smallcap 100 and Nifty Midcap 100 indices are trading 14% below their highs.
More negative on smallcap and midcap stocks: ICICI Prudential MF
ICICI Prudential continues to recommend investing in hybrid and multi-asset allocation schemes given the strong fundamentals and high valuations.
IndusInd Bank to gain weight on MSCI Index
The private lender’s latest shareholding data show that foreign portfolio investors reduced their stake to 46.63% in December from 55.53% in September. This reduction has pushed the foreign headroom comfortably above the 25% threshold, with MSCI currently applying a half-float factor,
15 stocks up at least 5% in 2025 after giving 25% returns in 2024
So far this year, the Nifty fell 2.36%, Nifty Midcap 150 declined 4.14%, Smallcap 250 dropped 9% and Microcap 250 shed 8.36%.
Tech View: Nifty likely to test 22,700 support. How to trade tomorrow
Nifty showed a bearish breakout from a symmetrical triangle, breaching key support at 23,260. Analysts project further downside to 22,700–22,800, with 23,000 as a critical support level. Pullbacks remain sell-on-rise opportunities.
Rupee shifting to 87-87.50 range against dollar; expects 50-75 bps rate cut in CY25: Upasna Bhardwaj
Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, forecasts the rupee shifting towards 87 against the dollar. She projects GDP growth at 6.1% for FY25 with potential risks leading to a rate cut cycle starting in February 2025. Inflation could be around 5.3% due to rising food prices and a weaker rupee.
What to do with LTIMindtree, Kalyan Jewellers, Policybazaar? Sujit Modi of Share.Market decodes
Investors may focus on sectors like FMCG and utilities that rely on domestic demand and are less affected by currency fluctuations. Export-driven sectors such as IT and pharmaceuticals, might also offer opportunities as they benefit from rupee depreciation. It may be wise to avoid companies with significant foreign debt and may consider diversifying into other […]