Market Bizzz

Mayuresh Joshi from William O’Neil India highlights a selective market recovery, with rural-focused sectors, hospitals, and certain banks leading. Agrochemicals and rural themes, along with Kotak Mahindra Bank, are identified as potential early winners. He emphasizes earnings performance as a key recovery driver, especially for fertilizer companies and tractor manufacturers showing strong sales.

Christopher Wood, of Jefferies, remains bullish on India’s long-term growth despite recent tactical portfolio adjustments due to high valuations and liquidity tightening. He highlights factors such as increased equity supply and tighter monetary policies contributing to the recent market correction.

Ashish Gupta of Axis Mutual Fund sees investment potential in defence and PSU sectors despite market corrections. He finds defence valuations attractive but emphasizes the importance of order book to revenue conversion. Gupta prefers private banks over PSU banks due to stronger market positioning.

Ujjivan Small Finance Bank share price: Ujjivan SFB’s total loan portfolio reached Rs 30,466 crore, showing a 9.8% growth compared to the previous year. The proportion of secured loans has notably increased, now constituting 39.3% of the overall loan book as of December 2024, up from 28.3% a year ago.

These stocks’ 50-day SMA crossed below their 200-day SMAs on February 28.

Tuhin Kanta Pandey has taken charge as the 11th chairman of SEBI, succeeding Madhabi Puri Buch. The seasoned bureaucrat aims to bolster SEBI as a leading market institution, focusing on trust, transparency, teamwork, and technology. Pandey brings extensive experience in economic policy and financial administration.

India’s stock market is undergoing a major correction, with the Nifty 50 falling nearly 16% from its peak and broader indices seeing steeper losses. Just 1,103 points from a bear market, rising global and domestic concerns drive risk aversion. Despite the turbulence, Axis Securities highlights high-potential stocks for 2025, offering investment opportunities across key sectors.

Nifty has fallen for five consecutive months, its longest losing streak since 1996, with February alone seeing a 6% drop. Analysts highlight key technical levels and momentum indicators, suggesting a possible pause in selling pressure. Strong rollovers indicate persistent bearish sentiment.

Foreign Institutional Investors (FIIs) offloaded ₹11,639 crore worth of Indian equities on Friday, marking their worst sell-off in February. The Nifty plunged 420 points, breaching key supports, while Sensex fell 1,414 points. IT and auto sectors faced the sharpest declines.

Wall Street’s indexes displayed mixed results on Friday amid concerns over a potential economic slowdown. The Commerce Department reported a drop in consumer spending for January, heightening concerns of stagflation. Stocks such as Nvidia and Microsoft faced declines, while inflation data met expectations. Investors closely watched the Fed’s next policy moves and economic cues.