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U.S. Stocks Slip as Oil Swings Test Iran War Deal Hopes
Wall Street pulls back from records amid Brent crude volatility at $100/bbl, Strait of Hormuz uncertainty, mixed earnings), softer jobs data and rising 10-year Treasury yields to 4.38%.
Abakkus trims banking exposure, adds solar and power-linked capital goods stocks
Aman Chowhan, Fund Manager at Abakkus Asset Manager, which manages assets worth nearly $2.06 billion, said the sharp market rebound over the past few weeks has caught many investors by surprise, even as the fund stayed selectively bullish through the correction. The Mumbai-based AMC increased exposure to renewable energy, power-linked capital goods and select metal plays, while trimming some banking exposure. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Ujjivan SFB Q4 Results: High other income, low provisions aid profit; Asset quality improves
Ujjivan Small Finance Bank reported a sharp rise in Q4 profit aided by higher other income and lower provisions, while asset quality improved sequentially. The RBI sought further loan diversification before a universal banking licence transition.
Market Trading Guide: Buy Nippon Life, Bharat Dynamics on Friday for gains up to 14%
Nifty ended marginally lower despite showing a consolidation breakout and improving technical indicators. Analysts expect bullish momentum to continue with upside potential in the near term. Nippon Life India Asset Management and Bharat Dynamics were highlighted as attractive trading opportunities based on strong chart patterns.
Aditya Birla Sun Life AMC joins Category III AIF rush with ₹2,000 crore fund
This follows growing investor appetite for Category III AIFs, which are increasingly being used by asset managers and wealth firms to offer hedge fund-like public market products to high-net-worth individuals (HNIs), ultra-HNIs and family offices.
Trade Setup for May 6: Nifty manages to hold 24,000 but banking index holds the key
The Bank Nifty continued to lag, ending 0.6% lower and trading below key moving averages. Analyst Sudeep Shah said the 54,100-54,000 zone will act as a crucial support for Bank Nifty. A break below 54,000 could trigger further downside towards 53,400.
Anand James’ top picks: Why Time Techno and Shyam Metalics are buys this week
Geojit’s Anand James sees Nifty stabilizing despite volatility, with a potential move toward 25,600. While banking stocks remain weak, select opportunities exist. He highlights Time Technoplast and Shyam Metalics as bullish trades, backed by strong technical indicators like RSI strength and MACD crossovers, offering near-term upside for traders.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Power Grid shares on 4 May
Despite ongoing geopolitical tensions, Nifty 50 increased by 0.4% to 23,998. Broader market indices performed well. A consolidation phase is expected, and investors are advised to buy high-quality stocks. Monitoring geopolitical volatility will be essential as earnings season progresses.
India’s newest mutual fund: Bhautik Ambani wants to bring global quant power to retail investors - The Economic Times
India’s newest mutual fund: Bhautik Ambani wants to bring global quant power to retail investorsThe Economic Times
Top Gainers and Losers on April 30: Vedanta, Waaree Energies, Eternal, Adani Energy, Ceat, among top losers
The Indian stock market declined in April's final session due to rising crude oil prices and a weak rupee, with the Nifty 50 down 0.73% and the Sensex 0.78%. Both indices recorded over 7% gains for the month, while the rupee hit a record low against the dollar.
Stocks to buy: Nagaraj Shetti recommends Syrma, Transformers and Rectifiers shares to buy
According to Nagaraj Shetti, Nifty 50 could reach towards the next hurdle of 24,800 levels in the near term. Immediate support is placed at 24,100 levels. Today, The Nifty 50 rose 0.13% to 24,263.85, while the Sensex gained 0.15% to 78,228.08 as of 11:41 IST.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades over 300 points lower; Brent at $102/bbl
Sensex Today | Stock Market LIVE Updates: Barring Monday, the Nifty has not made a low below 23,500 last week, making it a key level for the index. The Nifty Bank surged nearly 4,500 points last week, and the 55,000 level on the downside will be watched here too.