Stocks in news: L&T, Hero MotoCorp, Voltas, PB Fintech, LTIMindtree

Shares of L&T, Tata Power, Canara Bank, Hero Moto and BSE will be in focus today as the companies will announce their fourth quarter results.

from Economic Times https://ift.tt/LRukr4y

Kotak Mahindra Bank shares fall 4% to fresh 52-week low on another bad news

Kotak Mahindra Bank's shares plummeted 4%, hitting a new 52-week low of Rs 1,561 following Joint MD KVS Manian's resignation. Nuvama downgraded the stock from buy to reduce. Earlier, RBI restrictions caused a 10% decline last week.

from Economic Times https://ift.tt/aQxlUCy

Manappuram Finance shares rally 5% on Sebi nod to IPO of subsidiary Asirvad Micro Finance

Manappuram Finance shares surged 5.4% to a 52-week high of Rs 207.30 following news of subsidiary Asirvad Micro Finance receiving Sebi approval for an IPO. The IPO, filed last October, will follow a book-building process with allocation to various investor categories.

from Economic Times https://ift.tt/NzjLpYX

Conflicts vs elections: Navigating the markets in stormy waters

Recent weeks have been dominated by news of strife and armed conflicts. This has led to jitters in foreign flows into Asian equities, impacting India as well. Approximately Rs 25,000 crore has been pulled out by foreign institutional investors from Indian equity markets in April so far.

from Economic Times https://ift.tt/wKUM2JQ

Daily Voice: #39;Unless significant breakdown in US economy, 75 bps fed funds rate cut seems improbable in 2024#39;

While Marcellus Investment Managers broadly remains positive on the market, certain segments of the market, particularly in the small and mid-cap space, may face increasing scrutiny regarding valuations, says Arindam Mandal.

from Moneycontrol Market Outlook https://ift.tt/F9dukYx

Premiumisation, Indigenisation and Infrastructure — ITI AMC lists three themes to watch out for

CIO Bhatia sees the breadth of participation in the market as a proof that the quality of the market is good. "A high quality market like this doesn#39;t get disrupted very easily,” he says.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/premiumisation-indigenisationinfrastructure-—-iti-amc-lists-three-themes-to-watch-out-for_17528041.html

Daily Voice | This investment veteran sees banking and financials trade below median value, despite strong growth

Prima facie, oil prices crossing and sustaining above $100 a barrel does pose a risk and may have negative ramifications on India#39;s goldilocks macro, says Niraj Kumar.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-investment-veteran-sees-bankingfinancials-trade-below-median-value-despite-strong-growth_17527391.html

Daily Voice | This investment manager has 3 sectors on his radar if there is a sharp correction

Banking, FMCG and speciality chemicals are Ashika Global Family Office Services co-founder Amit Jain’s picks if the market takes a tumble.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-this-investment-manager-has-3-sectorshis-radar-if-there-issharp-correction_17526021.html

Record advance-decline ratio for April but experts see no reason to rejoice, just yet! Here’s why

Experts say that market breadth has taken a u-turn in the past few sessions amid geopolitical jitters and weak global cues. So, even though it#39;s a positive sign, it would be prudent to adopt a wait-and-watch approach and see if the trend persists throughout the month.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/record-advance-decline-ratio-for-aprilexperts-see-no-reason-to-rejoice-just-yet-here’s-why_17525451.html

Expect shallow rate cut by Fed in July-August; RBI may follow: Mahendra Kumar Jajoo

Jajoo expects Fed rate cuts in July-August but points out that we are now dealing with a new development on the geopolitical front. Iran and Israel conflict news is coming and that will have impact on the energy prices, which will again impact the global supply chain. Therefore, the central banks will be a little watchful and RBI may cut the rate one or two times after the Fed starts the rate cut process.

from Economic Times https://ift.tt/7e5aLsl

Daily Voice: Iran-Israel conflict may drive Brent crude above $100 a barrel, but sustainability uncertain, says this investment strategist

FIIs expect increased focus on infrastructure spending, continuation of #39;Make in India#39; and #39;Make for the World#39; initiatives, and support for sunrise sectors and the startup ecosystem from the government post general elections, says Vikas Gupta.

from Moneycontrol Market Outlook https://ift.tt/wlyJLHP