Industry Report

Anand Rathi attributed the slowdown in the real estate sector to weaker hiring and salary growth, particularly in the IT sector, along with subdued capital market performance over the past two years.

Indian IT firms hit their lowest Nifty 50 weight in over two decades as AI disruption fears and a sector-wide selloff erode market influence

The telecom major added ₹7.64 trn in value over 5 years, while TCS, Infosys and Wipro together lost ₹8.5 trn, according to the Burgundy Private Hurun India 500 report

Ban stocks are in the spotlight today as the RBI allowed domestic lenders to extend loans to non-residents against foreign currency ​deposits, including via their offshore branches.

Brokerage firm Motilal Oswal Financial Services initiated coverage on 8 companies across apparel and home textiles, with Gokaldas Exports, Arvind, and Indo Count Industries as high-conviction picks.

Among sector preferences, the brokerage favours Angel One, Computer Age Management Services (CAMS), ICICI AMC, Nippon India Asset Management, and HDFC Asset Management Company

Profitability at state-run oil marketing companies (OMCs) is set to improve as falling crude oil prices lift fuel marketing margins, although rising debt levels and uncertainty over fuel taxes could limit the sector's longer-term earnings outlook, according to a JP Morgan report. Composite margins on petrol and diesel sales at state-run refiners and fuel retailers are now above levels seen before the recent Middle East conflict, with gains driven by lower crude prices and reduced central excise duties, it said. The start of the West Asia conflict triggered a surge in global oil prices but retail pump rates in India remained steady for large parts and rising only by a fraction of the required increase. Even after the Rs 7.50 per litre increase in petrol and diesel prices in May, retail pump rates were lower than the cost. "Our estimates for OMC composite margins on petrol and diesel are now higher than pre-war levels. Losses on LPG are still elevated, but should also start to track o

The hospitality sector is expected to remain stable in FY27, supported by domestic leisure travel and MICE sector demand, with room rates likely to remain firm, said Indian Hotels Company.

The oil ministry is considering increasing the weightage of exploration activities in the performance assessment of upstream oil PSUs to boost domestic hydrocarbon discoveries

Lupin, Intas Pharmaceuticals, Sun Pharma, MSN Laboratories, Natco Pharma, Zydus Life Sciences and Dr Reddy's Laboratories are some of the companies, the note said, that could potentially benefit.

Investec noted that gold NBFCs are dependent on the gold price, with negligible volume growth. It expects a 12 per cent gold price appreciation in line with long-term history.

Record defence production and exports, coupled with strong order books and improving execution, are expected to support healthy growth for defence companies in FY27

Motilal Oswal has reiterated a 'Buy' rating on BEL stock with an unchanged target price of ₹510, based on the 45x two-year forward earnings.

Aluminium remains is UBS' preferred sub-sector, that offers a mix of earnings growth (cyclical tailwinds), valuation support, and potential to deleverage.

Chronic therapies and GLP-1 adoption help broaden growth drivers as the market expands over 10 per cent in April and May

Shares of air-conditioner makers jumped up to 5 per cent on Wednesday as a delayed monsoon and persistent heatwave boosted demand expectations.

The brokerage said that it prefers Star Health in the space as it has recommended a 'Buy' rating on the stock for a target price of ₹650.

The medium-term outlook for the banking sector remains constructive, supported by healthy credit growth, stable asset quality and improving liquidity conditions, says Motilal Oswal.

Falling crude price is a clear positive for India's automobile and tyre sectors, where raw material and logistics costs are highly sensitive to crude derivatives, say analysts at ICICI Securities.

ATF typically accounts for about 40 per cent of airline operating expenses and can rise to as much as 60 per cent during periods of sharp volatility.