JM Financial’s Venkatesh Balasubramaniam says Indian equity valuations remain stretched despite recent correction, with real opportunities emerging gradually in smallcaps and microcaps. He advises staggered investing over 6–12 months, expects limited upside from largecaps in 2026, sees Budget as non-market-moving, and prefers consumer, auto, NBFC, hotel and real estate stocks while staying cautious on banks,...Read More
Shares of Anil Agarwal-led Vedanta Ltd rallied as much as 3% to their fresh 52-week high of Rs 699 on the BSE on Friday after copper prices bounced back to inch closer to its fresh high of $13,407 on the London Metal Exchange. Zinc prices also edged higher by about a percent.Read More
Shriram Finance Q3 results: Shriram Finance reported a 29% YoY fall in its December quarter standalone net profit at Rs 2,522 crore compared to Rs 3,570 crore reported in the year ago period.Read More
The Indian rupee plunged to a fresh all-time low on Friday, as dollar demand from corporates and importers outweighed early moves and compounded existing pressure on the currency.Read More
Indian equities experienced a sharp decline on Friday, with the Sensex and Nifty erasing early gains due to persistent foreign institutional investor (FII) selling. FIIs offloaded equities worth Rs 2,550 crore on Thursday, marking the 13th consecutive session of net selling in January, significantly impacting market sentiment and capitalization.Read More
Cipla Q3 Results: Cipla reported a 57% YoY drop in net profit to Rs 676 crore, impacted by lower gRevlimid sales in North America. Despite this, the company’s One India business saw double-digit growth in branded prescriptions, and upcoming launches are expected to offset future revenue declines.Read More
The selloff follows management commentary on resilient operating performance during December, a month marked by industry-wide disruptions after large-scale IndiGo flight cancellations and rescheduling across the country.Read More
Paytm Share Price: Paytm’s stock experienced a significant drop due to market worries about the Payment Infrastructure Development Fund. This scheme’s potential discontinuation could impact digital payment providers. However, a brokerage firm has initiated coverage with a positive outlook, forecasting substantial growth. Meanwhile, domestic mutual funds have reduced their holdings in Paytm for the first...Read More
Adani Group stocks tumbled up to 10% after the US SEC sought court permission to email summons to Gautam Adani and Sagar Adani regarding an alleged $265 million bribery scheme. India had previously rejected official requests for service, citing procedural grounds. The SEC is pursuing the case, which involves allegations of bribing Indian officials and...Read More
India’s market regulator has accused top executives from PwC and EY, along with global private equity firms Carlyle and Advent, of insider trading. The allegations stem from a 2022 Yes Bank share sale. SEBI claims these individuals shared confidential information, leading to unlawful gains. This action highlights a crackdown on market manipulation and insider trading...Read More
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