Market News
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D-Street set for a negative opening as GIFT Nifty trades lower
Domestic markets ended lower after a four-session winning streak on Tuesday. Profit booking and weakness in Realty and Metals stocks impacted market sentiment. Foreign portfolio investors bought shares, while domestic institutional investors sold them. The Indian rupee saw its biggest single-session gain in three weeks. Investor focus remains on business updates and trade agreement progress.
Rohit Srivastava sees market near key support, favors metals and pharma
Rohit Srivastava, Founder of Indiacharts and Strike Money, believes Indian markets are nearing a critical support zone and may be in the final phase of the current pullback. He says the broader market remains resilient despite weakness in benchmark indices, which supports the case for a rebound. Srivastava remains positive on metals and pharma stocks, cautious on IT and FMCG, and expects the RBI to focus on liquidity measures rather than rate hikes amid global uncertainties.
Circulate Capital commits $150 million to India to invest in recycling companies
Circulate Capital has committed $150 million from its second fund to Indian recycling companies, building on initial successes. The firm, backed by major corporations and development finance institutions, is expanding its focus to critical materials like metals, aiming to diversify supply chains away from China.