Orkla India shares surged nearly 10% after Citi Research initiated coverage with a Buy rating and a target price of Rs 750. The brokerage expects steady revenue and earnings growth driven by product mix improvement, distribution expansion and international demand, although the stock remains below its listing price.Read More

Foreign institutional investors dumped nearly Rs 17,000 crore worth of Indian IT stocks in February amid rising concerns that artificial intelligence could disrupt the traditional software services model. While brokerages warn of further downside and earnings risks, some analysts believe AI could eventually expand the industry’s long-term growth opportunities.Read More

Mukesh Ambani’s ambitious Jio Platforms IPO faces potential delays due to the Indian government’s slow formalization of new listing rules. Reliance aims to file the draft prospectus before April, contingent on government notification. This mega IPO, potentially India’s largest, could be impacted by the regulatory wait, despite the regulator’s approval of rule changes.Read More

Bitcoin dipped to around $71,000 on Friday. Geopolitical tensions, ETF flows, and rate cut uncertainty influenced the market. Ethereum and major altcoins like BNB, XRP, and Solana also saw declines. Analysts suggest the market remains cautious, shaped by liquidity and institutional flows. Bitcoin’s recent rise reflects improving short-term sentiment.Read More

Global markets are on edge due to ongoing geopolitical tensions. Investors face uncertainty about equities and the global economy. Sharp market swings are occurring as headlines shift. Experts suggest the situation may continue for some time. Concerns about inflation and supply disruptions are rising. Crude oil flow disruptions are a key worry. Investors are advised...Read More

According to Christopher Wood, foreign institutional investors (FIIs) may return strongly to India equities if the global semiconductor cycle peaks or if the domestic market sees a sharp correction. In his GREED & Fear note for Jefferies, he said investors currently lack conviction that the semiconductor cycle has topped.Read More

Shares of defence shipbuilders surged despite broader market weakness, with Mazagon Dock rising 18% in two days and Cochin Shipyard gaining 9%. The rally follows escalating geopolitical tensions and reports of a naval strike near Sri Lanka, raising expectations of higher maritime defence spending and improved order prospects for Indian shipyards.Read More

Stock broking firm Shreni Shares is planning an Initial Public Offering. The company has filed preliminary papers with Sebi. The public issue includes a fresh share sale and an offer for sale by existing shareholders. Proceeds will fund working capital and repay borrowings. Shreni Shares serves over 2,620 clients and operates across India.Read More

IRCON and RVNL shares surged significantly on Friday following reports of a proposed merger initiated by the Ministry of Railways. This consolidation aims to create a larger, more efficient railway entity by combining specialized expertise and enhancing execution capacity. The proposal now awaits approval from various government ministries and the CCEA.Read More

Indian government bonds saw an early dip as traders braced for a crucial auction, seeking to gauge continued investor support amidst global economic pressures. Despite rising crude oil prices and U.S. Treasury yields, domestic bonds have shown resilience, partly due to consistent buying from a key investor group.Read More