Infosys, once a darling of the IT sector, has hit a rough patch. With a year-to-date (YTD) decline of 16%, the IT giant has entered bear market territory. In just the last five days, its share price of Infosys has tumbled nearly 7%, leaving investors anxious and wiping out significant wealth. Among those hit the
The insurance sector has been through a turmoil lately, coupled with regulatory crackdown. CLSA believes the insurance sector will continue to see a slowdown. Within the sector, it has chosen Max Financial Services as its top ‘Buy’ in the sector. CLSA on Max Financial: regulatory overhang on sector continues The brokerage house picked Max Financial, given
Nuvama Institutional Equities slashed the target price on Zydus Lifesciences by 16% to Rs 840 from Rs 1,003, maintained its ‘Reduce’ rating on the stock. The pharma major is acquiring France-based orthopaedics player Amplitude Surgical for 300 million euros in two tranches, paying a premium of 81% to its current price. This is likely to
The Indian stock market wrapped up the last trading session of the week on a weak note, as both the Sensex and Nifty closed in the red. After opening on a positive note, indices lost momentum in the latter half of the session, weighed down by selling pressure across sectors. The Sensex ended at 73,828.91
The brokerage firm, Morgan Stanley has weighed in on India’s midcap IT landscape, offering some highlights into the sector’s growth and stock preferences. According to the brokerage, the IT industry is entering a “transition phase” with revenue growth expected to moderate in the near term. Among midcaps, Coforge emerges as a strong contender. The brokerage
Retail traders looking to dabble in Futures & Options (F&O) may soon have to prove they are financially and intellectually prepared for the high risk segment. The Securities and Exchange Board of India (SEBI) is reportedly considering a “suitability exercise” to ensure traders have the required knowledge and funds before stepping into derivatives trading. According
The recent correction in the market has had some telling impact on the mutual fund industry. Not only have flows slowed down to 3-month lows but the small cap funds saw significant decline and the SIP registrations have come down drastically. This is as per the latest data shared by the Mutual Fund Association, AMFI. This
The big contrarian call from CLSA at this hour, it has maintained the Outperform rating on IndusInd Bank now with a revised target price of Rs 900 per share. Though CLSA has cut estimates by 9-25% (for the one-off accounting hit and lower growth) and cut target price to Rs 900 per share from Rs1,300
Tier 2 and Tier 3 cities in India are rapidly emerging as new growth hubs, attracting both homebuyers and real estate developers seeking opportunities beyond the saturated metro markets. Their rising appeal lies in a combination of affordability, improved infrastructure, and evolving urban lifestyles. As property prices continue to soar in metropolitan areas, buyers are
Heightened global trade tensions in the wake of Trump’s tariff tantrum have sent global stock markets into a tailspin, wiping out trillions of dollars of investor money over the last few days. In the domestic equity market, benchmark indices Sensex and Nifty have crashed over 5% each in the last one week. Broader indices BSE
The price of Liquefied Petroleum Gas (LPG) is set to increase by Rs 50 per cylinder from tomorrow morning for both Ujjwala (PMUY) and non-Ujjwala consumers, Union Petroleum Minister Hardeep Singh Puri said on Monday. “For PMUY beneficiaries, the price will rise from Rs 500 to Rs 550 per cylinder. For other consumers, it will
The central government on Monday (April 7) announced an increase in excise duties on petrol and diesel by Rs 2 per litre, effective Tuesday (April 8), as per a notification issued by the Department of Revenue. Currently, excise duty on petrol stands at Rs 19.90 per litre, which will rise to Rs 21.90. For diesel
Donald Trump infused bloodbath drove Indian markets to a 9-month low today. Touted as Black Monday the day witnessed tariffs setting off a sell-off in equities globally, and India was no exception. In the early trade, the Sensex dropped 5 per cent lower at one point, but as the day progressed, it pared some of
