The brokerage expects the Nifty to trade at 19.5 times its estimated earnings of Rs 1,280 for FY27, compared with an earlier multiple of 18.5 times
Trading sentiment in the equity market will largely be driven by domestic corporate quarterly earnings, any update related to US tariffs and foreign fund movements this week, analysts said. Investors would also focus on world market trends, movement of global oil benchmark Brent crude and the rupee-dollar trend for further cues, experts noted. "This week, all eyes will be on the earnings reports of companies like HCL Technologies, Axis Bank, Hindustan Unilever, and Maruti. Globally, any updates related to tariffs and their potential impact on world markets will remain in focus," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Stocks of India's second-largest IT company Infosys will remain in focus on Monday after the firm reported an 11.7 per cent decline in consolidated net profit to Rs 7,033 crore for the March quarter, mainly on account of compensation to employees, and acquisitions during the reported period. "This week, we expect gradual up-move to continue in the Indi
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The domestic currency closed 39 paise stronger at 85.98 against the greenback after closing at 86.37 on Friday
Analysts believe that the recent up move is led by bottom-fishing in select smallcap stocks; the index, however, needs to conquer the long-term averages to qualify for a market reversal.
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The recent correction in Indian markets has been significant, but it's important to put it in perspective
Foreign investors continue to pull back money from the Indian equity market, withdrawing Rs 24,753 crore (about USD 2.8 billion) in the first week of March amid escalating global trade tensions and lacklustre corporate earnings. This came following an outflow of Rs 34,574 crore from equities in February and Rs 78,027 crore in January. The total outflow by FPIs has reached Rs 1.37 lakh crore in 2025 so far, data with the depositories showed. According to the data with the depositories, Foreign Portfolio Investors (FPIs) offloaded shares worth Rs 24,753 crore from Indian equities this month (till March 7). This also marks the 13th consecutive week of net outflows. Since December 13, 2024, FPIs have offloaded equity shares to the tune of USD 17.1 billion. The sustained selling by overseas investors is chiefly due to a combination of global and domestic factors. A major catalyst continues to be the escalation in global trade tensions, which significantly weigh on investor sentiment.
Traders looking for bargains within Asia are gravitating toward still-cheap Chinese equities, which are in the middle of a bull run sparked by developments in artificial intelligence
After some sell-off during the week, Union Minister Piyush Goyal on Saturday opined that the 50-share benchmark Nifty's valuation is decent and reasonable. Goyal, who oversees the commerce and industry portfolio, said that there can be some more correction in the offing for the Indian markets. A forward price-to-earnings ratio of 19 makes the Nifty valuations "decent" and "reasonable". "Some of them (Nifty stocks) may have seen some downfall, but by and large the Nifty still reflects decent valuations," Goyal said, speaking at an event organised by mutual fund industry's lobby grouping Amfi here. "At a P/E ratio of 19 for a developing nation which is the fastest growing country, it (valuation) is still reasonable - some small correction here or there may still happen," he added. Goyal said that the ongoing correction in the markets should serve as a wake-up call for the ones who have not advised the small investors properly, and asked Amfi to ensure that it isolates those who have
India's first woman Sebi Chief Madhabi Puri Buch, who faced conflict of interest allegations by the US-based short-seller Hindenburg and also political heat thereafter, would complete her three-year tenure later on Friday and will be succeeded by Finance Secretary Tuhin Kanta Pandey. Before her appointment as Sebi chief, veteran investment banker who has also work with country's leading private sector lender ICICI Bank, joined Sebi's board as a whole-time member in April 2017 and was later elevated as a chairperson in March 2022. She succeeded former IAS officer Ajay Tyagi, who held the top position for five years, from March 1, 2017, to February 28, 2022. Buch's stint at Sebi Chief has been marked by both significant strides and notable challenges. Taking charge on March 2, 2022, Buch made history as the first woman to lead the market regulator, as well as the first private-sector individual to hold the position. Although, Buch in her tenure made significant strides in areas like
Markets Today Highlight: Broader markets also mirrored benchmarks, with Nifty Midcap100, and Nifty Smallcap100 ending down by 1.26 per cent and 0.30 per cent, respectively
Markets Today Highlights: Banking shares stole the show among sectors, with Nifty PSU Bank, and Private Bank indices ending higher by over 2 per cent each
The NSE derivatives data show that FIIs continue to hold a bearish bias, with 8.5 short positions in index futures for every long bet.
Markets Today LIVE: Markets in Indian are poised to open with an upside, amid firm global cues, as investors track the start of the Budget session with the presentation of the Economic Survey today
Markets Today Highlights: The broader markets outperformed the benchmarks, with smallcap shares leading the charge as the Nifty Smallcap100 index settled higher by 3.32 per cent
Markets Today Highlights: Banking stocks stole the show in the sectoral markets, with Nifty Bank, PSB, and private bank indices each ending higher by over 1 per cent
The NSE Nifty Smallcap 250 Index was on course to enter a bear market after losing about 3.5 per cent early in Tuesday's session after a similar drop the previous day
Markets Today Crash Highlights:Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 3.84 per cent and 2.75 per cent, respectively