Market News
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Another conglomerate sets eyes on India's wealth market
Godrej Investments has set up a wealth management unit, Godrej Wealth, to target India's affluent for ₹1 trillion in assets under management by 2031.
Pirojsha Godrej Bullish On Financial Services Business; Shares Godrej Capital Listing Plans
The group has set an ambitious target of managing Rs 1 lakh crore in assets under management (AUM) in its wealth management business over the next five years
ET Alpha Wealth Summit: Decoding market cycles and India's next wealth creators
Investors face market uncertainty. The ET Alpha Wealth Summit on June 4 in Mumbai brings together top investors. S Naren of ICICI Prudential AMC will share lessons on market cycles. Samir Arora of Helios Capital Management will discuss future wealth creation opportunities. The event explores whether market turbulence is over or if more is expected. Registrations are open.
TCS shares soar 7%, up nearly 10% in just two sessions! What are technical charts indicating?
TCS shares jumped as much as 7% on Tuesday, extending their two-day gain to nearly 9% as investors snapped up the stock after months of underperformance. The rally was driven by optimism around AI-related opportunities and attractive valuations following a sharp sector-wide selloff. Analysts at Nuvama believe the IT sector is poised for a comeback rather than a collapse, helping boost sentiment toward large-cap IT stocks.
FMCG Sell-Off On Weak Monsoon Fears May Be Overdone, Says Nuvama's Abneesh Roy
Abneesh Roy went on to name a few preferred consumer names into two groups.
Titagarh Rail Shares Rally After Nuvama Sees 30% Upside — Check Target Price, Outlook
The brokerage highlighted that Titagarh's order book remains healthy at around Rs 142 billion.
Godrej Industries enters wealth management under financial services business
Godrej Industries entered the wealth management business under its financial services segment.
NMDC shares rise to 52-week high after production update, dividing analyst views
Brokerage firm Nuvama has raised NMDC's EBITDA estimates for FY27 and FY28 by 13% and 16%, respectively, in order to factor in higher volumes and iron ore prices.
Nifty has a positive undertone, but Street waits for a decisive breakout
Nifty is trading in a consolidation zone between 23,200 and 24,050. Analysts suggest buying on dips with a target of 23,900. Key sectors like banking and auto are showing strength. Specific stock recommendations include Tata Power, Sona BLW, L&T, Indian Energy Exchange, Nuvama Wealth Management, and Syrma SGS Technology for potential gains.
Groww, Motilal Oswal, Angel One Race To Build Wealth Businesses Beyond Trading
Brokerages are expanding into wealth management, insurance, lending, alternatives and asset management as they seek recurring revenue streams and reduce reliance on trading activity.
India auto wholesales expected to sustain uptrend across segments through FY26–28: Nuvama
India's automotive sector is set for sustained growth trajectories over the next two fiscal years, with passenger vehicles and two-wheelers expected to outpace heavy commercial vehicles and tractors.
Listed brokers, exchanges rake in profits even as war clouds linger
India's listed brokers and exchanges reported robust March quarter earnings, driven by a surge in Margin Trading Facility (MTF) and a favorable base effect. Increased market volatility, strong commodity trading, and elevated VIX levels also boosted volumes. Brokers are diversifying income streams beyond core broking, evolving into 'pseudo-NBFCs' with offerings like wealth management and insurance.