Base metals like aluminium and copper present significant opportunities, according to CLSA India’s Indrajit Agarwal. Steel faces near-term downside risks. Aluminium prices are expected to rise due to supply disruptions and increasing demand. Cement sector anticipates earnings pressure now, with recovery expected later in the fiscal year. Indian producers have a cost advantage in non-ferrous metals.Read More
Wipro announced a Rs 15,000 crore share buyback at Rs 250 per share, its first in nearly three years. The IT major plans to repurchase up to 60 crore shares, representing 5.7% of its paid-up capital. Promoters have indicated their intention to participate in this tender route buyback.Read More
Alt Capital has launched AltCap Yield Fund III to tap opportunities in commercial real estate, targeting Rs 1,000 crore with a green shoe option. The fund will focus on pre-leased Grade A assets, aiming for stable income and 16–18% IRR, backed by strong demand and the firm’s proven investment track record.Read More
Indian banks have reportedly halted gold and silver import orders, causing jewellery stocks like Kalyan Jewellers and Titan to fall. MMTC, however, surged on market rumors of being permitted to import gold. This situation has led to significant amounts of precious metals stuck at customs, awaiting a formal government order, potentially impacting supply ahead of Akshaya Tritiya.Read More
South Korean stocks ended lower Friday but secured a second weekly gain. Hopes for a U.S.-Iran ceasefire boosted sentiment. The Korean won weakened against the dollar. Bond yields saw an increase. Foreign investors were net sellers of shares. The KOSPI index experienced a slight dip. This market movement reflects ongoing geopolitical and economic factors.Read More
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