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Nifty IT hurtles toward historic 8-week bloodbath: AI death knell or ultimate bear trap?
Indian IT stocks are experiencing an unprecedented losing streak. This has wiped out significant market value and ignited a debate about artificial intelligence's future impact. Some investors see a major buying opportunity amid the sell-off. Foreign investors have exited, but one large mutual fund is aggressively buying. Analysts are divided on the sector's outlook.
Higher input costs likely to erode chemical companies' profits
Rising US-Iran tensions are impacting Indian chemical makers. Higher crude oil prices are increasing input costs for essential materials like methanol. Shipping delays and rerouting are adding to expenses. This situation affects companies reliant on imports from the Gulf. The fertilizer industry also faces supply shortages. These factors are squeezing profit margins for many Indian chemical and fertilizer producers.
Market correction a chance to rebalance portfolios, India may outperform from April: Quant MF
Sandeep Tandon, Founder & CIO of Quant Mutual Fund, says crude’s sharp spike may peak near $120–130 and remain elevated in the near term but is unlikely to sustain beyond a few months. He expects global markets to stay weak through 2026, while India could outperform from April after recent underperformance. Tandon advises investors to stay calm and use volatility to rebalance portfolios, adding selectively to sectors such aspharma, power, telecom, and select PSUs.
Tejas Networks, Redington to Netweb Technologies: These 5 stocks rise up to 19% despite stock market crash
Tejas Networks and Redington shares surged 19% and 17% respectively on February 27, despite falling benchmark indices. The Sensex and Nifty 50 declined over 1% amid geopolitical tensions and foreign fund outflows, highlighting contrasting stock performance.
Earnings visibility to drive markets; Axis MF’s Karthik Kumar underweight IT, bullish on autos
Karthik Kumar, Fund Manager at Axis Mutual Fund, sees selective opportunities in defence stocks but remains cautious on railways, staples and utilities, and also recommends allocating part of a portfolio to gold.
Himadri Speciality commissions 70,000 TPA speciality carbon black line at Bengal's Mahistikry unit
With this brownfield expansion, Himadri’s total carbon black manufacturing capacity has increased to 2,50,000 TPA, including a speciality carbon black capacity of 1,30,000 TPA at the Mahistikry site. Shares of Himadri Speciality Chemical Ltd ended at ₹491.00, up by ₹0.85, or 0.17%, on the BSE today, February 24.
Mutual funds pump Rs 55,413 crore into financial stocks amid March selloff
Despite the buying, total mutual fund assets fell to Rs 46.6 lakh crore from Rs 51.29 lakh crore in February
Trade Spotlight: How should you trade Kotak Mahindra Bank, Dr Reddys Labs, Tech Mahindra, Infosys, GE Shipping, and others on May 19?
The market is expected to witness consolidation with range-bound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
Taking Stock: Markets snap 2-day fall; Sensex up 395 pts, Nifty above 23,200
Biggest Nifty gainers were Interglobe Aviation, Jio Financial, Eicher Motors, SBI, Apollo Hospitals, while losers included ONGC, Titan Company, NTPC, Power Grid Corp and Tech Mahindra.
Taking Stock: Nifty ends near 23,150 in volatile trade; pharma, private banks rally
ICICI Bank, Kotak Mahindra Bank, Grasim, M&M, JSW Steel were among top gainers on the Nifty, while losers were Infosys, HCL Tech, Adani Ports, Trent, Eternal.
Trade Spotlight: How should you trade Gland Pharma, Dr Lal PathLabs, Himadri Speciality Chemical, Axis Bank, JSW Steel, and others on June 12?
The market needs to surpass and sustain above its short-term moving averages for a further uptrend; until then, consolidation may continue. Below are some short-term trading ideas to consider.
Sensex Today | Stock Market Live: Sensex jumps 880 pts, Nifty above 24,250; all sectors rally
Sensex Today | Stock Market LIVE Updates: Maruti Suzuki, Adani Ports, Bajaj Auto, HUL, Tata Consumer were among major gainers on the Nifty, while losers were Kotak Mahindra Bank, Dr Reddy's Labs, ONGC, Eternal and Adani Enterprises. All the sectoral indices are trading in the green with auto, FMCG, realty, power, telecom up 1% each. Nifty Midcap and Smallcap indices up 0.7% each.