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Dixon gets govt nod for JV with China’s HKC Overseas
Dixon Technologies has secured government approval for its joint venture with China's HKC Overseas. This partnership, under Press Note 3, allows for the manufacturing of display modules in India. Dixon will hold a majority stake, aiming to boost domestic electronics and automotive sectors. The venture will reduce reliance on international suppliers and strengthen the 'Make in India' initiative.
Avoid OMCs; prefer defence and summer plays: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says oil marketing companies remain largely avoidable as they are cyclical, commodity-linked businesses with limited long-term wealth creation potential, especially as renewable energy gains share. He advises selective buying in market declines, favouring defence stocks like BEL and HAL and summer-linked plays such as LG Electronics and Blue Star. Kant also sees corrections in InterGlobe Aviation as a potential long-term buying opportunity despite near-term volatility.
PSU banks better placed than private peers amid uncertainty, says LGT Wealth CIO
Chakri Lokapriya, CIO-Equities at LGT Wealth India, says geopolitical tensions and rising crude prices have created uncertainty for India, especially given its heavy oil import dependence. While sectors like textiles and PLI-linked electronics may still grow, margin pressures and a weaker rupee could weigh on profitability. He adds PSU banks remain relatively better placed than private peers due to strong government-led infrastructure spending, though prolonged high oil prices could impact treasury gains.
Watch | Gurmeet Chadha & Devina Mehra on market strategy amid West Asia tensions
Devina Mehra, Founder, Chairperson and Managing Director of First Global and Gurmeet Chadha, Managing Partner & CIO of Complete Circle say geopolitical tensions may trigger short-term volatility but not a lasting bear market. Mehra advises using market dips to deploy cash, noting past conflicts fade from markets and crude spikes are usually temporary. She prefers autos, pharma and select cyclicals. Chadha remains overweight defence, citing opportunities in Solar Industries, Bharat Electronics and Zen Technologies, while also watching refiners amid oil price swings.
Trade Spotlight: How should you trade Bharat Electronics, Natco Pharma, Thermax, Sun Pharmaceutical, Kirloskar Oil Engines, and others on March 9?
Bears are likely to hold the fort, with the previous week's low at major risk amid geopolitical tensions in the Middle East. Below are some short-term trading ideas to consider.
Closing Bell: Nifty below 24,900, Sensex slips 1,048 pts on rising middle east tension
Biggest Nifty losers were L&T, Interglobe Aviation, Adani Ports, Tata Motors Passenger Vehicles, Adani Enterprises, while gainers included Bharat Electronics, Sun Pharma, ONGC, Dr Reddy's Labs and Hindalco. Except metals, all other sectoral indices ended lower with Auto, Consumer Durables, Oil & Gas down 2 percent each. The Nifty midcap and smallcap indices fell 1.5 percent each.
Taking Stock: Sensex sinks 1,048 pts, Nifty below 24,900 on rising US-Iran tensions
Biggest Nifty losers were L&T, Interglobe Aviation, Adani Ports, Tata Motors Passenger Vehicles, Adani Enterprises, while gainers included Bharat Electronics, Sun Pharma, ONGC, Dr Reddy's Labs and Hindalco.
Closing Bell: Market snaps 3-day fall; Nifty above 23,400, Sensex surges 939 pts
Biggest Nifty gainers M&M, Grasim Industries, Trent, UltraTech Cement, Bajaj Finance, while losers are Bharat Electronics, Wipro, Max Healthcare, Sun Pharma, Coal India. On the sectoral front, auto, bank, FMCG up 0.5-1%, while media, oil & gas, pharma, realty, capital goods down 0.5-2%. Nifty Midcap index is trading flat, while smallcap index down 0.5%.
Dixon Technologies: Moving beyond assembly to deep electronics manufacturing
Component localization and new growth engines position Dixon for the next phase of EMS opportuni-ty
Stocks to Watch Today: Paytm, Nykaa, Honasa Consumer, Maruti Suzuki, Bikaji Foods, VA Tech Wabag, RCF, LG Electronics, Welspun Corp in focus on 22 May
Stocks to Watch, 22 May: Stocks like GAIL India, Aurobindo Pharma, LG Electronics India, FSN E-Commerce Ventures Nykaa, Honasa Consumer, Welspun Corp, Rashtriya Chemicals and Fertilisers, Max Healthcare Institute, VA Tech Wabag, Bikaji Foods International, GMM Pfaudler, One 97 Communications Paytm, and Maruti Suzuki will be in focus on May 22.
Closing Bell: Sensex, Nifty end flat amid volatility; pharma, oil & gas gain, media falls
Bharat Electronics, Adani Ports, Sun Pharma, Bharti Airtel, Maruti Suzuki were among major gainers on the Sensex, while losers were Power Grid Corporation, Trent, Bajaj Finserv, HDFC Bank and Eternal. Among sectors, auto, pharma, oil & gas, PSU Bank telecom, metal added 0.4-1%, while media index shed 0.7%. Nifty Midcap index rose 0.6%, while smallcap index ended flat.
Closing Bell: Market sinks on ceasefire worries; Nifty below 23,800, Sensex tanks 950 pts
On the sectoral front, oil & gas, PSU Bank, Infra, Consumer Durables, and Private Bank shed between 0.4-2%, while metal, power, pharma added 0.5-1%. L&T, Interglobe Aviation, HDFC Bank, Shriram Finance, Jio Financial are among biggest losers on the Nifty, while gainers included Dr Reddy's Labs, Hindalco, Bajaj Auto, Bharat Electronics, ONGC. Nifty Midcap and Smallcap ended on a flat note.