Non-banking finance companies (NBFC) such as Aditya Birla Finance (ABFL), L&T Finance, Poonawala Fincorp, and SMFG India Credit are among those extending credit to small businesses, harnessing the technology backbone offered by payment firms such as BharatPe, Paytm and PhonePe.Read More
Leela Palaces Hotels & Resorts stock has seen an uptick, driven by expansion plans and growing travel demand. The company’s international foray into Dubai and domestic growth, coupled with a widening luxury hospitality demand-supply gap, positions it for future success. Analysts anticipate significant upside, with a ‘BUY’ rating and a target price of ₹600.Read More
China’s sole pure-play silver fund experienced a 10% plunge on Thursday, ending a speculative rally. The UBS SDIC Silver Futures Fund LOF’s manager had repeatedly warned of unsustainable gains and a high premium over underlying assets. This decline follows a historic short squeeze and record highs for spot silver.Read More
Indian markets saw a subdued trading session on Wednesday, ending marginally lower. This consolidation follows a recent surge. Analysts suggest a positive outlook, recommending buying on dips as the Nifty maintains its uptrend. Banking index participation is crucial for further upward movement.Read More
Nifty closed marginally lower on Wednesday due to profit-booking in certain sectors. Analysts anticipate a narrow trading range for Indian equities this week, with limited triggers and reduced global market activity. The India VIX remains near historical lows, supporting a bullish sentiment.Read More
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