Dubai-based IHC’s arm sells stake in Adani Enterprises
The stake has been acquired by Envestcom Holding RSC. Envestcom holds stakes in other Adani companies such as Adani Energy Solutions and Adani Total Gas. As of December 2024, Envestcom Holding held 55,200,000 shares in Adani Energy Solutions, representing a 4.60% stake and 54,593,600 shares in Adani Total Gas, representing a 4.964% in the company.
Technical indicators kindle hope of rebound
After a decline of 15% since October 1, Nifty gained 1.15% on Wednesday. The Nifty Midcap 150 and Nifty Smallcap 250 indices gained 2.43% and 2.71% respectively on Wednesday. Both indices plunged 20% and 25%, respectively, since October 1 through Tuesday.
NSE changes expiry day for equity derivatives contracts
The exchange has changed the expiry day of all index and stock derivatives contracts from April 4. The monthly contracts of stock derivatives, Nifty, Bank Nifty, Fin Nifty, Midcap Nifty, and Nifty Next 50 contracts will expire on the last Monday of every month, while the weekly contracts of Nifty 50 would lapse on Monday […]
D-St reverses its 10-day losing run as worries over tariff ease
The 25% tariffs imposed on Canada and Mexico took effect Tuesday along with fresh levies on Chinese imports. In his address to the US Congress, President Donald Trump said that reciprocal tariffs will take effect from April 2 on countries like India, South Korea, the EU, China and others.
Abhay Agarwal sees market bottoming out as aggressive FPI selling slows
Market volatility is due to low trading volumes, with potential bottoming out expected by April. Positive shifts in domestic consumption and FPI flow reversals suggest opportunities in the banking and financial sectors. Transition focuses on high-growth small and midcap stocks over largecap defensive names.
Rohit Srivastava optimistic on Nifty, says market has reached bottom and ready for upside
The Nifty index shows signs of a strong recovery after a long losing streak, supported by low sell volumes and oversold conditions. Market expectations are bullish with crucial resistance levels around 22,500, while Nifty Bank outperforms, indicating readiness to break its downward trend.
Nifty50 appears reasonable, but stock selection is key: Sanjeev Prasad
Sanjeev Prasad discusses the current market, highlighting the lack of substantial value across large-cap, mid-cap, and small-cap indices despite their correction. He points out potential opportunities in the banking sector due to stabilization and growth prospects while cautioning against highly overvalued narrative stocks.
Dollar’s decline and crude price dip may boost India’s market outlook: Sandeep Tandon
Sandeep Tandon, CIO of Quant MF, discusses the commonality of market corrections even in a bull market. He highlights the importance of handling these corrections with maturity. Tandon is positive about India’s near-term market outlook due to favorable currency movements and lower crude prices, despite global trade tension concerns stemming from Trump’s policies.
Biocon shares up 3% after US FDA nod for key cancer drugs
Biocon share price: Shares of Biocon Ltd rose 3% after Biocon Pharma received FDA approvals for cancer drugs Lenalidomide and Dasatinib, enhancing its US oncology market presence. The company also got tentative approval for Rivaroxaban. Despite recent stock declines, analysts suggest a potential 22% upside. Biocon’s Q3 profits dropped sharply due to a previous one-time […]
ETMarkets Smart Talk | Over 60% of the stocks are available at 25-50% discount highs: Value buys or traps? Manish Goel explains
Even though FIIs have pulled out a record amount in Rs 2.1 trillion since October 2024, DIIs have stepped in with even higher investments (Rs 3.2 trillion), keeping the market from falling sharply.