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Large private sector banks in India are blocking Indian promoters plans to establish investment companies abroad due to concerns of sidestepping foreign currency regulations. Offshore entities can move significantly higher amounts compared to the liberalised remittance scheme, raising concerns of misuse for personal use.

Echoes of that era are reverberating now. The technology this time is artificial intelligence. After a wild stock market rally that sent the S&P 500 soaring 72% from its trough in October 2022 to its peak last month, adding more than $22 trillion of market value in the process, signs of trouble are emerging. Stocks are starting to sink, with the Nasdaq 100 losing more than 10% to fall into a correction and S&P 500 briefly dropping to that level. And the symmetry is raising frightening memories from a quarter century ago.

The ratio rose to 0.47 on Friday from 0.21-0.23 in the week before last, according to data from Axis Securities. The reading had been low - mostly in the range of 0.12 to 0.22 - in the past five months as foreigners had been maintaining bearish futures bets at near-record levels in the period, while simultaneously pruning their shareholdings.

The best word to describe the situation is the one you just used: uncertainty. Remember, it s less than 60 days into this administration. And a lot has been flooded into the marketplace. There s been a lot of executive orders.

​On weekly chart, the index has formed a long bullish candle. The FII long-short ratio stands at 0.47, indicating short-covering by FIIs. The index has closed above the declining channel from its all-time high of 26,277 on weekly chart, signaling the potential for further upward movement towards 23,800 and 24,000.

The portfolio value of Darshita Shah, 41, is down 40% since the market decline began in late September. The Mumbai-based homemaker, encouraged by her college-going son to take the plunge into stocks, had invested around ₹7 lakh in small-cap stocks, especially defence, IT and auto. Now, as Shah watches her holdings languish, she has lost the appetite to make fresh investments despite her son pushing to deploy more.

ESDS Software, a cloud services and data center firm, plans to raise up to Rs 700 crore through an IPO, filing its draft red herring prospectus with SEBI. The proceeds will expand data centers, invest in AI-enabled GPU cloud, and meet long-term working capital needs.

Cipla has broken out of a double bottom pattern on the daily chart, signaling a bullish setup. The breakout, backed by rising volume, indicates strong buying interest and growing investor confidence.

Private sector banks experienced a deceleration in operating and net profits for the third consecutive quarter due to reduced net interest income, increased bad loan provisioning, and continued margin pressure. Conversely, public sector banks reported significant profit growth, benefiting from robust increases in both pre-provision operating profit and net profit.

Axis Securities PMS Fund Manager Neeraj Gaur anticipates a market turnaround in FY26, driven by factors like a stable currency, improved FPI flows, and increased government capex. He plans to adjust his banking underweight stance, remains bullish on pharma and discretionary consumption, and cautious on IT. Gaur also discusses strategies, market trends, and emerging investment opportunities for FY26.