Latest Stock Market News

"The Nifty remained volatile during the day as the market participants adjusted positions according to the FOMC outcome. On the daily chart, Nifty formed a small-bodied candle with wicks on both sides, suggesting indecisiveness,” Rupak De, Senior Technical Analyst at LKP Securities, said.

Divgi is an automotive component entity which has the capability to develop and provide system level transfer case, torque coupler, and Dual Clutch Automatic Transmission (DCT) solutions. It has three manufacturing and assembling facilities located across India.

Stating that India’s valuation premium to its Asian peers remain near all-time high, the global financial services firm said historically at this level, market returns in the next one year have remained muted and thus warrants caution.

The company’s brand positioning as the key player in Southern India with capabilities primarily in speciality care bodes well for the multi-disciplinary integrated private healthcare services provider, said ICICI Securities

“In areas like defence where there is an incredible opportunity for the coming decade. Defence as a sector is where IT was maybe 20 years back. There’s a huge opportunity and with the whole buzz and manufacturing tailwinds and the government’s thrust on indigenisation, clearly defence is a huge opportunity for the next 8 to 10 years.”

"We can see more banks issuing Basel III-compliant as well as infrastructure bonds, with funds getting easily absorbed over the next quarter," he said. According to market participants, bond issuances by banks could touch around 500 billion Indian rupees ($6.21 billion) this financial year, with a bulk of the issues likely in the next quarter. State-run banks have already raised 281 billion rupees through a combination of Basel III-compliant additional Tier

The secondary markets have been volatile lately, which is why the demand for IPOs has been slow, he added. "Investors see attractive buying opportunities in select listed stocks, so there have to be compelling reasons to look at a new stock."

So, as the NLP looks to reduce logistics cost from the current 13-14% to sub 10% and there are seen multiple benefits unfolding from the regime in due time, ICICI Direct has listed its top 4 picks from the space.

As part of the project, approximately 65,000 MW per year manufacturing capacity of fully and partially integrated, solar PV modules shall be installed. A grant worth Rs 19,500 crore has been passed by the government.

“There are so many ideas in the consumption space, capital goods, defence. It is better to play those investment themes than commodities. The cycles are very short, brittle and these companies have not created significant value over the past decade or so. So rather than dabbling in commodity stocks, I would prefer to go for some of the other non commodity based businesses.”