Indian markets are showing signs of recovery after a significant selloff. Experts suggest that Indian currency, bonds, and equities are currently undervalued. Hopes for a ceasefire in the Middle East conflict have led to a drop in oil prices. This development is expected to calm market volatility and potentially trigger a buying spree.Read More
Elara Capital has initiated coverage on Solar Industries with a ‘Buy’ rating and a target price of Rs 15,450, forecasting a 24% upside. The brokerage highlights three key growth drivers: a booming defence portfolio, aggressive global expansion across 90 countries, and a robust Rs 2,200 crore capital expenditure plan.Read More
Market expert Pankaj Pandey sees opportunity in current market dips. He compares today’s correction to the Russia-Ukraine war, suggesting markets are near a bottom. Pandey recommends buying quality largecap stocks in autos, cement, and capital goods. He advises patience for HDFC Bank due to near-term challenges. Select NBFCs and PSU banks also present attractive prospects for investors.Read More
The Indian central bank likely intervened to support the rupee on Wednesday. Heavy dollar demand from maturing non-deliverable forwards weighed on the currency. Traders reported the Reserve Bank of India used state-run banks for intervention. This helped the rupee hold above its record low. Indian shares and government bonds saw gains as oil prices fell.Read More
Australian shares surged on Wednesday, gaining nearly 2%. Softer inflation data boosted market sentiment. Hopes for a Middle East ceasefire also contributed to the rise. The S&P/ASX 200 index reached its strongest daily gain since February 9. Consumer prices remained unchanged in February, lowering annual inflation. Energy stocks saw a decline, while gold and mining stocks advanced significantly.Read More
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