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.

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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.

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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.

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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

Daily Voice: Vinit Sambre of DSP MF flags oil, inflation concerns, expects consolidation ahead

Despite surplus stock and some policy changes, the long-term outlook for sugar sector remains on the government#39;s push for ethanol blending, says Vinit Sambre

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Daily Voice: Smart meters is a hot theme in power sector but with some caution, says this fund manager

Smart meters offer exciting growth, but navigating implementation challenges and data security will be key, says Sonam Srivastava.

from Moneycontrol Market Outlook https://ift.tt/xOd6LfH