India is set to raise a significant 1.79 trillion rupees from IPOs of state-run firms by 2030, part of a larger $183.7 billion asset monetisation drive. Key sectors like railways, power, petroleum, aviation, and coal will see stake sales. This initiative aims to boost government revenue and streamline operations across vital public enterprises.Read More
Aditya Shah of Hercules Advisors believes IT sector sentiment is overly negative, presenting buying chances. He advises caution on banks like IDFC First Bank and AU Small Finance Bank due to recent issues. Cigarette stocks face policy risks. Shah favors private banks, seeing potential in SBI, ICICI Bank, and HDFC Bank.Read More
Wall Street experienced a sharp downturn as renewed trade policy uncertainty and concerns over the technology sector’s outlook prompted a defensive market shift. Investors moved capital into safe-haven assets like gold and U.S. Treasuries, reflecting heightened global caution. Private credit market anxieties, particularly regarding U.S. software exposure, further amplified market stress.Read More
Clean Max Enviro Energy’s Rs 3,100 crore IPO entered Day 2 with a muted grey market premium and 34% subscription on Day 1. While institutional demand remained strong, retail interest was weak. Brokerages are divided, with some advising caution on valuations and others recommending long-term investment potential.Read More
Indian IT stocks including Infosys and Wipro may face selling pressure after Anthropic said its Claude Code tool can modernise COBOL-based legacy systems. The announcement triggered up to a 5% fall in US-listed ADRs, intensifying concerns that AI could disrupt traditional IT services and software business models.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
