Latest Stock Market News

Nifty 50 has dropped 14% from its peak due to weak earnings, foreign outflows, and global trade concerns. InCred Equities lowered its target to 22,850 by March 2026, citing earnings downgrades, market volatility, and cautious FII sentiment despite sectoral resilience.

​Overall Nifty earnings should stabilise going forward. So, we are of the opinion that Nifty 50 index if I look at the valuation is currently near to 10-year average level and hence I feel that we might see more consolidation at this level, but major downside is now over.

Goldman Sachs raised Bharti Airtel’s target price to Rs 1,780, citing strong growth, while maintaining a “sell” on Vodafone Idea (Rs 2.40) and Indus Towers (Rs 330) due to financial and operational concerns. Bharti sees 9.2% upside, while Vodafone Idea faces a 70% downside risk amid weak subscriber growth and high capex.

Market sentiment remains negative, but domestic inflows continue, especially in small-cap funds. Shenoy advises rebalancing portfolios, favoring financials, autos, and telecom. He urges caution in IT due to AI and tariff risks. Small and mid-cap stocks like Kaynes and Pennar offer opportunities. Investors should stay disciplined, focusing on strong fundamentals and long-term themes.

The market is undergoing a painful adjustment phase. Portfolios are shifting from expensive momentum stocks to value-driven stocks. This shift is causing pressure on mid and smallcap companies. Despite this, some quality midcap companies in sectors like hotel and tourism, EV space, housing finance, and engineering R&D are appearing as good buying opportunities.

A long buildup occurs when both open interest (OI) and trading volumes rise alongside an increase in the underlying stock price

Before the issue, the company s shares were trading at a GMP of Rs 0 in the unlisted market on Tuesday, showing no premium over the upper end of the IPO price band of Rs 70.

Beezaasan Explotech IPO: The retail portion of the issue was subscribed 89%, while the non-institutional investors category saw a 28% subscription on the final day of bidding. Meanwhile, qualified institutional buyers subscribed 1.56 times the allotted portion.

Citi has overweight positions in the financials and healthcare sectors in the country, while remaining underweight on paints and consumer discretionary stocks.