Latest Stock Market News

A series of major demergers have been announced, aiming to unlock shareholder value and enhance business focus in this volatility.

Gold prices have surged to an all-time high, surpassing $3,000 internationally and Rs 88,513/10 g on MCX. Central banks globally are buying gold heavily, mirroring Indian households. Experts note gold’s safe-haven appeal and solid returns, advising a buy-on-dips strategy amid potential consolidation.

Deven Choksey of DRChoksey FinServ suggests that certain sectors like NBFCs, HFCs, manufacturers supplying to renewables, and engineering R&D companies offer significant value due to their corrective downside. He highlights the potential recovery in markets and optimism in metal, pharma, and IT sectors due to favorable economic conditions and reduced FPI selling.

Bajaj Auto s board has extended Rajivnayan Rahulkumar Bajaj s term as MD & CEO for five years starting April 1. The company has also approved an Rs 1,500 crore infusion into Bajaj Auto Credit Limited for expansion. Rajiv Bajaj has been with the company since 1990, contributing significantly in various areas including manufacturing and marketing.

IndusInd Bank shares: IIHL, the investment arm of the Hinduja Group, recently obtained in-principle approval from the Reserve Bank of India (RBI) to raise its stake in IndusInd Bank from 16% to 26%.

Adani Green Energy shares: Five fundamental rights petitions filed against wind energy projects in northeastern Sri Lanka were withdrawn. The petitions were retracted after the Attorney General filed a motion in response to Adani Green Energy s decision to cancel its wind energy projects and notify the Board of Investment.

Ashi Anand, Founder & CEO of IME Capital, discusses the current market dynamics and the cautious approach due to various uncertainties including weak growth and US policies. He highlights potential opportunities in banking, capital markets, insurance, and tech sectors, suggesting patience and careful timing for investments amidst a volatile market environment.

Assuming that market returns in the long run track earnings growth, Indian markets offer an attractive risk-reward if return expectations are 9-12%.