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Indian markets are experiencing a healthy correction, according to Vachana Investments’ MD, CA Rudramurthy BV. He advises waiting for specific levels around Nifty 23,700-23,800 and Bank Nifty 55,000 for buying opportunities. He highlights strength in pharma, power, and select metals, while cautioning against IT stocks. Rudramurthy also shared specific buy and sell trade ideas.
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Sebi has approved IPOs for four firms spanning logistics, alternatives, real estate and manufacturing. Companies aim to tap rising demand across sectors, though competitive pressures, cyclicality and evolving investor preferences may shape their growth and market reception.
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IndusInd Bank Q4 Results: IndusInd Bank has announced a significant turnaround, posting a standalone net profit of Rs 533 crore in the fourth quarter, a stark contrast to the Rs 2,236 crore loss a year ago. Despite a sequential dip in profit, the bank declared a final dividend of Rs 1.
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A Polymarket user allegedly made $35,000 by exploiting unusual temperature spikes recorded at Paris airport, prompting a police investigation into possible sensor tampering. While speculation points to physical interference, authorities are probing the incident, raising fresh concerns over manipulation risks in prediction-based betting markets.
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The Indian rupee ​declined in all five trading ​sessions to log its steepest week-on-week loss since September 2022, ​as worries over the fragility of a U.S.-Iran ceasefire and disrupted energy flows sparked a renewed surge in oil prices.
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