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Mumbai’s redevelopment wave promises thousands of new apartments, largely in the premium segment. While boosting revenues and reshaping the skyline, experts warn affordability is shrinking. Rising luxury supply risks overshadowing affordable housing, leaving middle-class buyers with limited choices.
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Nifty’s positive performance and surpassing resistance levels suggest a bullish market sentiment. Experts recommend buying stocks like IREDA, BEL, and Glenmark Pharma, citing positive trends and potential upsides.
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Several penny stocks, priced below Rs 5, have delivered substantial returns, transforming into multibaggers within a year. Bluegod Entertainment led the gains with a 226% surge, followed by Ramchandra Leasing & Finance at 189%. Landmarc Leisure, Avance Technologies and Excel Realty N Infra also saw significant growth, offering impressive returns to investors.
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Railway stocks surged on Monday, with some counters rallying up to 9% on heavy volumes. Ircon International led the gains, followed by RVNL, Titagarh Rail, Texmaco Rail, and IRFC, while IRCTC saw modest growth. The sector’s rally was driven by strong buying interest.
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Bitcoin rose 4.4% to $116,031 over the past week, driven by rate cut expectations and technical patterns. Analysts eye resistance near $117,500, with support around $115,000. Ethereum consolidates near $4,650, while Solana shows momentum. Fed guidance ahead may trigger further volatility in crypto markets.
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