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Hudco Q3 Results: HUDCO plans to exit its 25% stake in Ind Bank Housing and increases its FY25 borrowing plan by 37.5% to ₹55,000 crore. Q3 net profit surged 42% YoY to ₹735 crore.

The hammer candlestick pattern indicates strong buying interest at lower levels, pointing to potential bullish momentum. The index held its key monthly support at 23,100, confirming its resilience. Immediate resistance is at 23,300, and a breakout could target 23,600 and 23,800 in the near term, said Mandar Bhojane, Research Analyst at Choice Broking.

Polycab India posted its highest-ever Q3 FY25 revenue of ₹5,226.1 crore, a 20% YoY growth, with PAT rising 11% to ₹463.3 crore. Strong performance across Wires, Cables, and FMEG segments drove growth.

Reflecting on 2024, Jafer emphasized the significant milestones in the crypto space, particularly Bitcoin surpassing the $100K mark and the total crypto market cap hitting record highs. The launch of spot Bitcoin and Ethereum ETFs played a key role in driving these achievements, attracting over $35 billion in net inflows and outperforming gold ETFs during their early years.

During Trump’s 2017-2021 tenure, Indian pharma equities faced challenges, including increased FDA regulatory actions that raised compliance costs and U.S. distribution channel consolidation that pressured margins. Major firms like Sun Pharma, Cipla, and Dr. Reddy’s, with significant North American exposure, were heavily impacted by these hurdles, affecting their profitability and market performance.

The government is not considering changes to capital gains tax for individual investors or HNIs, with plans to maintain the LTCG and STCG framework. While a simplification of the Income Tax Act is underway, any change to tax rates is unlikely. Experts suggest stabilizing LTCG norms could boost market participation and help the economy.

Analysts at BNP Paribas have assigned target price estimates to several companies across various sectors. Reliance Industries, the largest by market capitalization, has a target price of Rs 1,650. Tata Consultancy Services (TCS), another major market player, is projected to reach a target price of Rs 4,750.

The Indian rupee strengthened on Wednesday, tracking gains in most of its regional peers, while dollar-rupee forward premiums declined on the back of likely dollar-rupee buy/sell swaps conducted by the Reserve Bank of India.

I agree there is a bit of a slowdown, there are fears, there is FIIs selling. But where is that talk of 25,000 crores domestic money that is coming into the system every month? Everybody has forgotten it. I think that is going to come at play on the first signs of stability.

Gautam Shah discusses market behavior, with an outlook on quality stocks, sector shifts, and leadership changes. He emphasizes Bajaj Finance for its solid fundamentals and predicts market recovery amid external pressures.