The dollar dropped for a second day on Wednesday as expectations of a ceasefire in the Middle East conflict grew after the U.S. signalled that an end to the war could be near, even though markets remained on edge on fears of escalation.Read More
India’s latest market downturn is unusual because stock prices have corrected sharply despite a resilient macro backdrop. Unlike past cycles marked by fiscal weakness, high NPAs, or external stress, key indicators remain stable. This divergence suggests the potential for a faster, V-shaped recovery, creating selective opportunities for high-conviction investors.Read More
Axis Capital initiates a ‘Buy’ on Meesho with a Rs 195 target, anticipating a 34% surge. The brokerage highlights Meesho’s strong position to capture growth in smaller cities through its affordability model. Key drivers include expanding user base to 440 million, growing ad revenue, and competitive advantages over rivals.Read More
SNVA Traveltech Ltd, the operator of online travel platform Travomint, has submitted preliminary IPO papers to Sebi via the confidential route. The Noida-based company aims to leverage this approach for greater flexibility in its public offering preparations. Travomint, established in 2017, offers comprehensive travel booking solutions globally.Read More
Young Indians are leading the surge in crypto derivatives trading. Gen Z traders aged 18-25 dominate new accounts. Women’s participation is also growing significantly. Trading activity is increasing, with larger trade sizes and higher frequency. Eastern India shows remarkable growth, indicating a shift from metro-centric to wider adoption. This signals a new era for digital...Read More
As FY27 begins, FY26 was marked by global uncertainty and domestic headwinds, with the Nifty 50 falling 5%. Amid tariffs, FII outflows, weak earnings, and geopolitical tensions, PSU banks outperformed, delivering a 57% return, supported by improving asset quality, strong balance sheets, sustained credit growth, and attractive valuations, drawing investor interest even amid broader market...Read More
Cupid Limited shares jumped 8 percent on Wednesday. The company expects to exceed its FY26 revenue and profit targets. Cupid has set a new revenue goal of at least Rs 600 crore for FY27. Strong export growth and a favorable currency environment are driving this optimism. The company’s stock has delivered impressive returns over the...Read More
Indian equities experienced a significant rebound, with the Nifty climbing nearly 500 points. Technical indicators suggest a potential shift in market sentiment, hinting at the end of a selloff and the start of a durable uptrend. PSU banks and IT stocks are showing signs of recovery, offering near-term trading opportunities as the market moves towards...Read More
FY26 India IPOs show signs of retail fatigue, with average listing gains falling to -7% and retail oversubscription halving. Only 34 of 108 IPOs delivered over 10% gains on listing day. While institutional participation, especially by mutual funds, remains strong, retail appetite is cooling. FY27 sees a robust pipeline, with 144 SEBI-approved companies and 83...Read More
Indian defence shares surged Tuesday following fresh geopolitical concerns. US President Donald Trump’s remarks on NATO stability and global security dynamics fueled the rally. Companies like Garden Reach Shipbuilders & Engineers and Mazagon Dock Shipbuilders saw significant gains. Strong domestic fundamentals, including a growing defence budget and government initiatives for self-reliance, also support the sector.Read More
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