Kaynes Technology’s steep decline has sparked intense scrutiny after accounting inconsistencies flagged by Kotak raised concerns over disclosures and smart-metre dependence. While this triggered the sell-off, most brokerages argue fundamentals remain intact, valuing the stock attractively despite working-capital stress and revised guidance. Analyst views remain divided but broadly constructive with improvement triggers ahead.Read More
The Indian rupee hit a new record low against the U.S. dollar, falling past 90.4675 due to the lack of a trade deal with the U.S. and corporate dollar outflows. The central bank reportedly intervened mildly to slow the currency’s depreciation rather than defend a specific level.Read More
Amidst DII buying and FII outflows, mid- and small-cap corrections are driven by valuation and earnings realities, according to Harsha Upadhyaya. He advises caution in these segments due to rich valuations and decelerating earnings, favoring large and select midcaps with a focus on banking, financials, and consumption.Read More
European shares were muted on Thursday, as declines in technology stocks following a weak forecast from U.S. cloud firm Oracle outweighed relief over the Federal Reserve’s comments that were less hawkish than expected.Read More
Markets staged a strong recovery on Thursday, led by banking stocks, as the Nifty rebounded from intraday lows. Analysts noted a positive technical setup at a crucial support zone, with potential for further upside if the rebound sustains above 25,850. Eicher Motors and Glenmark Pharma were highlighted as potential stock ideas.Read More
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