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Markets tend to adjust to geopolitical shocks over time: Manulife Investments
Marc Franklin, Deputy Head of Multi Asset Solutions-Asia at Manulife Investments, says markets welcomed signals that the conflict may not be prolonged, easing fears after the recent oil price spike. However, investors remain cautious amid persistent geopolitical risks. He expects markets to remain volatile but range-bound in the coming weeks, with oil already pricing in significant geopolitical risk, while equities have begun to adjust to the uncertainty.
TCS, HDFC Bank among 5 Sensex stocks that hit 52-week lows & slid up to 14% in a month
The Sensex plunged 1,352 points to close at 77,566 amid a broad market sell-off. Five major index stocks—TCS, InterGlobe Aviation, HDFC Bank, Trent and Asian Paints—hit 52-week lows, reflecting persistent weakness and rising investor caution.
Oil surge and FII selling hammer equities; Sensex plunges over 1,300 pts
The key equity benchmarks ended sharply lower on Monday, extending losses for a second straight session as surging crude oil prices, continued foreign institutional investor (FII) outflows and rupee weakness weighed on sentiment. Brent crude moved past the $100 per barrel mark amid escalating tensions in the Middle East, heightening concerns about inflation and rising input costs for businesses. Persistent FII selling and weakness in the domestic currency further pressured the market, while global volatility and risk-off sentiment led to broad-based declines. The Nifty settled below the 24,050 level, dragged down by losses in auto, PSU bank and consumer durables stocks.
India VIX jumps 100% in one month. Could fear levels take Nifty further down?
The India VIX nearly doubled in a month, reflecting rising fear among investors amid geopolitical tensions and global uncertainty. Surging crude prices and persistent foreign selling have triggered sharp equity declines, with the Nifty 50 down 8%, keeping markets volatile and investors cautious.
Explained: Why Wipro, Infosys and other IT stocks rose up to 1% despite Rs 12 lakh crore market selloff
Shares of IT companies outperformed the broader market on Monday, with Wipro, LTIMindtree, and Persistent Systems rising up to 1% despite a sharp selloff that wiped out over Rs 12.39 lakh crore from BSE-listed companies’ market capitalisation. Wipro led gains, while Infosys and TCS saw modest declines, less severe than the broader market drop.
Asian stocks head for worst week in six years as West Asia conflict escalates
Higher oil prices have also revived concerns about inflation and monetary policy. Treasury yields rose during the previous US session as investors weighed the possibility that persistent energy price pressures could complicate the Federal Reserve’s rate-cut path.
The two defence stocks this portfolio manager likes
Conrad Saldanha, MD & Portfolio Manager of Neuberger Berman, says market uncertainty due to Middle East tensions has created selective long-term opportunities. He sees attractive valuations emerging in global IT services after a sharp correction, while tech fundamentals remain strong. In India, he is selectively adding large caps like Reliance Industries and Bharti Airtel and likes IT midcaps such as Coforge and Persistent Systems as well as defence play Data Patterns, on weakness. Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Infosys, Persistent, Mphasis shares gain after rupee hits record low; Here's how it benefits them
A weaker rupee is typically supportive for IT companies, given that a large share of their revenue is derived from North America and billed in dollars.
Watch | Sanjay Parekh on where he sees value in banks, IT, cement and telecom stocks
Sohum Asset Managers’ Founder & CIO, Sanjay Parekh, says markets look sluggish despite improving macro conditions, with Q3 Nifty earnings near 8–9%. He sees recovery in CVs (Ashok Leyland), credit growth at ICICI Bank and gradual picka a up in cement and steel. Portfolio stays domestic-focused: overweight telecom, NBFCs, industrials, cement, utilities, ports and logistics; underweight oil & gas and banks, zero FMCG. Watching IT names like Infosys and TCS, mid-cap tech (Persistent, Coforge, Mastek), defence HAL, quick commerce Zomato and Swiggy, and capital goods L&T, JSW Energy.
Solid Economic Growth Estimates Mask a Persistent Sentiment Warning - Investing.com India
Solid Economic Growth Estimates Mask a Persistent Sentiment WarningInvesting.com India
Smartphone makers may get PLI scheme 2.0: Government eyes tariffs, China challenges, and programme success
PLI scheme 2.0: The government is in talks with smartphone makers for a new incentive scheme as the current production-linked incentive ends next month. Officials are considering an exception to the general rule of single-round incentives due to changing circumstances, including the zeroing of fentanyl tariffs on China and a persistent manufacturing cost disadvantage for Indian players.
Infosys, Persistent, other IT stocks rise up to 3% after tech rally following strong Nvidia earnings
Indian IT stocks are poised for focus following Nvidia's robust quarterly earnings, which spurred a Wall Street rally. This positive sentiment emerges amidst recent volatility in the IT sector, triggered by AI startup Anthropic's new tools. Analysts suggest the AI technology cycle is in its early monetization phase, with Indian IT firms expected to benefit significantly from increased AI spending.