Nomura has downgraded Indian equities to Neutral, citing elevated energy prices from the Iran war, AI market disadvantages, and a potential slowdown in domestic inflows. The brokerage warns that sustained higher oil prices and a weakening domestic investment cushion could pressure valuations, leading to a significant cut in its Nifty target.Read More
Nifty valuations have eased to near pre-Covid averages, prompting Jefferies to turn constructive on equities. The brokerage favours banks, pharma and real estate while trimming autos and cement. It sees moderate earnings growth ahead, with limited downside risks, supported by reasonable valuations and improving sector-specific outlook across markets.Read More
March auto sales showed a mixed trend. Passenger vehicles performed well, driven by models like the Punch and Nexon. Commercial vehicles faced weakness, with sales described as only ‘okayish’. Farm equipment outlook for FY27 is cautious due to monsoon uncertainty and supply issues. April passenger vehicle sales may be softer year-on-year.Read More
Bitcoin and Ethereum experienced a nearly 3% decline, trading around $67,000 and $2,044 respectively, as geopolitical tensions in Iran influenced market sentiment. Major altcoins also saw losses, with the global crypto market capitalization falling. Despite this retracement, steady ETF inflows are providing some support, though traders remain cautious heading into the Easter period.Read More
Market direction is highly fluid due to US-Iran conflict news, with sentiment shifting daily. While recent market corrections offer accumulation opportunities, sustainability hinges on conflict resolution. The defence sector, however, presents a strong long-term growth narrative driven by India’s self-reliance push.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
