Laurence Balanco of CLSA highlights this as a key Nifty level — Five key takeaways
CLSA’s Balanco said that as long as the IT index remains below 31,700, which is still 6% away from current levels, the index will remain in a downtrend.
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Markets tend to adjust to geopolitical shocks over time: Manulife Investments
Marc Franklin, Deputy Head of Multi Asset Solutions-Asia at Manulife Investments, says markets welcomed signals that the conflict may not be prolonged, easing fears after the recent oil price spike. However, investors remain cautious amid persistent geopolitical risks. He expects…
ideaForge launches specialised drone flight-test training programme for NATO personnel in US
ideaForge Technology Ind Inc launched a drone flight-test training for NATO at NTPS in the US, with participants from various international air forces and navies.
Arvind Smartspaces stock surges 13% after Pirojsha Adi Godrej buys 8.2 lakh shares via block deal
At the end of the December quarter, the HDFC Capital Fund held 8.8% stake in the company. Meanwhile, Godrej did not hold any previous stake in the firm, as per data available in the stock exchanges.,
Nifty may consolidate for three months; 23,800 key support, 25,500 possible on rebound: CLSA
Nifty could remain in a consolidation phase for the next three months, with 23,800 acting as a key support level, according to Laurence Balanco of CLSA. He said the index has held this support so far, which remains constructive for…
Amber Enterprises shares extend losses but Jefferies sees enough triggers to raise target
Brokerage firm Jefferies has a ‘buy’ rating on Amber Enterprises with a price target of ₹9,120 per share, an upside of 24.6% from its previous close.
Raymond Realty to jointly develop residential project in Mumbai with development value of ₹3,000 crore
With the new project, Raymond Realty said its gross development value of its real estate projects will be close to ₹43,000 crore, it said.
February life insurance data: Axis Max Life, Canara HSBC lead; SBI Life, LIC see base-driven gains
Life insurers reported strong February numbers. Axis Max Life’s premiums rose 30%, Canara HSBC Life’s jumped 52%, and LIC’s increased 24%. HDFC Life saw a 3% decline.
Market correction: Flexi-cap funds fall up to 23% in nearly 18 months; large caps decline over 12%
Indian equities downturn since September 2024 impacted mutual funds. Large-cap funds fell 6.98%, flexi-cap funds declined 8.67%. Motilal Oswal Large Cap Fund had the smallest decline at -1.16%. Samco Flexi Cap Fund dropped 23.38%.
HSBC does not see much upside in Meesho; says profits may come at the cost of growth
HSBC said that Meesho’s longer-term valuation will depend on the company’s ability to monetise customer data beyond its core e-commerce business.