Indian IT services firms face headwinds as global enterprises prioritize hardware over software. Despite negative sentiment, stable fundamentals and improving earnings offer a compelling buying opportunity. Christy Mathai, Fund Manager-Equities at Quantum AMC, says investors can find value in IT services, consumer durables, and selective auto segments, while capital goods and energy present mixed outlooks.Read More
Indian stock markets are showing more reasonable valuations after recent volatility. This positioning is expected to attract emerging market investment flows. Earnings growth is showing signs of revival across various sectors. Investors are advised to consider a broader range of commodities beyond gold and silver. Opportunities are emerging in mid and small-cap segments as valuation gaps narrow.Read More
The Rs 17.04 crore IPO, which comprised a fresh issue of Rs 14.04 crore and an offer for sale of Rs 3 crore, was subscribed 11.85 times overall. The NII segment led the demand at 25.41 times, followed by retail at 8.99 times and QIBs at 6.57 times (excluding anchor portion).Read More
Friday brought a pleasant uplift for gold and silver prices, thanks to savvy bargain hunters jumping in. After dipping to a one-week low earlier, the market responded positively to robust U.S. employment statistics, reshaping expectations about potential interest rate cuts. Now, eyes are on the forthcoming inflation report, which may clarify the Federal Reserve’s next moves.Read More
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