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Indian markets closed lower on Thursday, with the Sensex falling over 400 points and the Nifty below 23,400. Healthcare, IT, and realty stocks gained, while FMCG, oil & gas, energy, and utilities declined. Indian Hotels, National Aluminum, and Fortis Healthcare hit new highs.

GQG Partners increased its stake in four Adani Group companies during the September quarter, while LIC reduced its holdings in two. These changes occurred before the recent allegations against Gautam Adani. The Adani Group has faced investor uncertainty since the Hindenburg report.

The recent market correction offers an opportunity to buy potentially undervalued stocks. Six stocks with strong double-digit sales and profit growth in Q2FY25 have declined over 25% since October. These stocks could be attractive buys for long-term investors

“We maintain our bullish gold outlook and expect to see new highs in 2025, though year-on-year gains are likely to be slower than 2024. There is still room for strategic gold allocations to rise and this should keep driving gold prices higher,” said Joni Teves, Precious Metals Strategist at UBS Investment Bank.

India is in a strong financial position. The recent economic slowdown was temporary. The government is expected to increase spending. This will boost the economy. Private sector borrowing is at a low. A lending boom is expected in the private sector. This will lead to a big investment cycle. India will stop borrowing money to pay interest in three years.

Jungle Camps India (JCIL) has received in-principle approval for its IPO from the BSE SME Exchange after submitting the Draft Red Herring Prospectus (DRHP) in July. The company plans to raise around Rs 30 crore through the issuance of 40,86,400 equity shares with a face value of Rs 10, via the book-building route.

The Nifty 50 index has recently broken below its 200-day EMA. Historically, this has been a positive signal for the market. Over the past seven years, the Nifty has shown strong returns of 3%, 5.5%, 9.3%, and 17.6% in one, three, six, and twelve months, respectively, after touching its 200-day EMA. This suggests potential upside for the market in the coming months.

Belrise Industries, an Indian automotive component manufacturer, has initiated the process for an IPO to raise Rs 2,150 crore. The company plans to use the funds for debt repayment and submitted its draft prospectus to Sebi on Tuesday. Belrise Industries supplies components to major automotive companies globally and reported a revenue of Rs 7,484.24 crore in FY24.

See, when the loan is given for one year and thereafter, it is treated as an NPA after 90 days. So, when it becomes an NPA, the option for us and the customer has not paid the interest or closed the loan, it is for us to ask him to do it and if he is not doing, then go for auction.