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Nifty Realty up 3%; Brigade, Phoenix jump 5%; here are top bets by HDFC Sec
The Nifty Realty index recouped its two-day loss on Thursday led by strong gains in Brigade Enterprises, Phoenix Mills, DLF and Godrej Properties.
ICICI Prudential Mutual Fund trims stake to 7.12% in Kalpataru Projects International
ICICI Prudential Mutual Fund has decreased its stake in Kalpataru Projects International Ltd below 8% through open market transactions, selling 1,498,354 shares since December 2021.
Nifty could hit 27,000 once geopolitical tensions ease: Bajaj Finserv AMC CIO
Bajaj Finserv AMC CIO Nimesh Chandan projects 15% earnings growth for Nifty in FY28, with EPS rising to the ₹1,420–1,440 range, making valuations look attractive. He backs metals, construction, and cement as long-term plays on a global supply chain shift, holds gold and silver in the multi-asset portfolio, and flags El Niño and elevated US yields as key risks keeping Indian interest rates high in the near term.
Vinay Rajani of HDFC Sec suggests Hero MotoCorp, Oberoi Realty shares to sell in the near-term
The Nifty 50 and Sensex rose on March 16, recovering from a challenging week. However, high crude oil prices amid geopolitical tensions are causing investor caution. Nifty 50 has seen a significant decline recently, raising concerns about future economic stability and investor confidence.