Market Bizzz

Markets regulator Sebi on Friday modified its guidelines and issued necessary clarifications on nomination facilities in the securities market in a bid to make the process of transmission and nomination easier for demat accounts and mutual fund (MF) folios.

Christy Mathai of Quantum MF highlights private sector banks as his top investment due to historically low valuations and potential growth. He also sees opportunities in the two-wheeler segment and health insurance, while expressing caution towards capex-driven sectors and financial market plays amid potential corrections.

Markets have faced a slow decline in February, causing fatigue among retail traders. Rohit Srivastava of Strike Money Analytics suggests a market bottom may be near, highlighting historical trends showing bottoms around February-March. He advises monitoring institutional positioning and post-expiry movements, which could trigger recovery, particularly in financial stocks.

Sandip Sabharwal shares his insights on the market, including midcap valuations, sectors like cement, wires and cables, and financials. He discusses UltraTech’s diversification, the sustainability of high PE ratios, and potential rate cuts. He also comments on the aviation sector’s recovery and the strong demand in the consumer durables segment for ACs.

Wipro announced a $200 million investment into Wipro Ventures to support startups in the technology innovation space. This fourth funding round aims to accelerate investments in early to mid-stage startups, enhancing collaboration with the IT services industry and driving technological progress.

KPI Green Energy’s shares will be closely monitored as its parent company, KP Group, partners with Madhya Pradesh’s New and Renewable Energy Department to develop 1.8 GW renewable energy projects. Additionally, the company’s Q3 earnings report revealed a 67% increase in net profit and a 38.8% rise in revenue, highlighting strong growth in their renewable energy business.

Tata Power signs MoU with Assam Government to develop up to 5,000 MW of renewable energy projects, involving a Rs 30,000 crore investment over five years. The initiative includes solar, wind, hydro, and energy storage projects to enhance Assam’s clean energy transition and economic growth.

Around a third of NSE 500 stocks are trading at valuations below their pre-Covid levels, based on PE and P/B ratios. Significant blue-chip companies such as HDFC Bank, Bharti Airtel, and Maruti Suzuki are 10-60% cheaper, indicating potential value buys despite recent market corrections.

Share Market Holiday today on Maha Shivratri 2025: Stock exchanges BSE and NSE will be closed on Mahashivaratri, marking the first trading holiday of the year. The commodity exchange MCX will remain closed only for the morning session. As Indian markets experience a downturn, volatility is expected with the expiry of February’s derivative contracts.