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In the overseas market, gold and silver were quoting lower at USD 2,014 per ounce and USD 24.04 per ounce, respectively.

Four domestic fund houses have reduced their exposure to ITC, one of the top holdings of many mutual funds, in April, despite the stock hitting all-time highs. Nippon India MF sold a stake worth INR157cr ($21m) in the FMCG conglomerate, while ICICI Pru MF has offloaded stocks worth INR426cr. SBI Mutual Fund and Tata Mutual Fund sold shares worth INR376cr and INR118cr, while only Sundaram Fasteners MF has added a stake worth INR43cr. Overall, mutual funds combined have decreased their holdings in ITC by 6.1 million shares.

ICICI Securities has suggested 19 stock ideas to invest in realty and capex themes, citing a broad-based upcycle in the area as one driver. The brokerage predicted the end of the interest rate hike cycle would trigger further investment and that a recent expenditure push by the Indian government had fuelled real estate investments. It cited data indicating that household investments in real estate had contributed hugely to the post-pandemic economic rebound alongside strong aggregate sales. The report also noted robust real estate absorption, with resilient real estate prices driving absorption, and a trend towards robust real estate demand by households.

Changes in taxation for debt mutual funds have led to a shift in investment strategy for high net worth individuals. Debt funds no longer offer the same high post-tax return and diversification, requiring investors to look for alternative investments to diversify their portfolio risks. Advisors suggest a three-part investment strategy to replace debt funds that includes high quality debt investments, domestic equity exposure, and other uncorrelated assets like high yield debt instruments, hedge funds, and more. It is expected that the third component will generate around 7-9% post-tax basis and new markets will emerge, though investors may have to sacrifice liquidity.

So it looks like the case for being on an extended pause seems to get accentuated after the recent inflation numbers, both domestically as well as globally. So, we believe that coupled with the fact that there is a week on week supply and also one cannot wish away the fact that the IIP data though it is a lag indicator, it is slightly on the softer side, means that markets will sooner than later start discounting rate cuts.

Ami Organics, incorporated in the year 2007, is a Small Cap company (having a market cap of Rs 4141.80 Crore) operating in Chemicals sector.

Neogen Chemicals, incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 3716.08 Crore) operating in Chemicals sector.

Reliance Jio Infocomm will further extend its market share, set to take its subscriber base to 490-500 million, helped by positive long-term market dynamics, according to a report by Bernstein Research. Reliance Jio has dominated the telecom industry since 2016, with a 44% market share expected to hit 47% by FY26. Its average revenue per user is targeting Rs 225 by FY26, driven by the 5G monetisation. Bernstein expects some private equity investors who bought into Reliance Jio in 2020 to push for an exit option, potentially initiating an IPO.

​​Revenue from operations jumped 10% year-on-year (YoY) to Rs 2.30 lakh crore in the March quarter, compared with Rs 2.09 lakh crore in the corresponding quarter of last year.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 11.15 per cent and 5.79 per cent, respectively.