Despite Rs 10,782 crore worth of FII selling in September, Nifty has held firm for eight straight sessions. Analysts say improving macro signals, policy reforms, and potential Fed rate cuts could turn FIIs into buyers again and fuel fresh upside in equities.
Nifty seen heading to 25,300 as metals, midcap IT lead: Axis Securities’ Rajesh Palviya
Indian equities are poised for a potential upswing, with Nifty targeting 25,300 and Bank Nifty aiming for 55,200, according to Axis Securities. Derivative data suggests a shifting base and increased upside potential. Midcap IT stocks, Hindustan Zinc, and National Aluminium are also expected to perform well. Samvardhana Motherson and Bajaj Finserv are top trading picks.
Sebi board meeting: 10 key takeaways from IPO reforms to mutual fund regulation tweaks
The Securities and Exchange Board of India approved reforms. These reforms relax norms for public offers and shareholding. Foreign investors will have easier market access. Real Estate Investment Trusts now have equity status. Exit load for mutual funds is reduced. There are changes to related party transactions. A new website, ‘India Market Access’, is launched for Foreign Portfolio Investors.
Bajaj Housing Finance to breathe easy after Sebi relaxes public shareholding rule
Sebi has eased minimum public shareholding norms for large companies, giving Bajaj Housing Finance more time to dilute promoter stakes. Firms between ₹50,000 crore and ₹1 lakh crore now get extended timelines, reducing market pressure and improving fundraising flexibility.
Sebi board meeting: REITs get equity status, move set to boost mutual fund investments
Sebi has reclassified Real Estate Investment Trusts (REITs) as equity, enabling greater mutual fund participation and index inclusion, while InvITs retain their hybrid status. The move aligns with global best practices and boosts liquidity, growth, and investor access.
Average rate on a 30-year US mortgage falls to lowest level in nearly a year
US mortgage rates witnessed a drop this week. This is the lowest in almost a year. The decline happened before the Federal Reserve’s expected rate cut. The 30-year mortgage rate is now at 6.35 percent. Refinancing applications have surged. Experts suggest rates may not fall much further. The housing market could become more competitive.
South Korean stocks hit record high on AI, market reform optimism
South Korean shares surged to a record high, marking their best weekly performance in over 18 months, fueled by optimism surrounding artificial intelligence and domestic market reforms. Chipmakers like Samsung Electronics and SK Hynix led the gains, driven by anticipated demand from the global AI boom.
Japan’s Nikkei hits record high, overheating caution limits gains
Nikkei in Japan reached a record high today, mirroring Wall Street’s performance. However, market caution limited further gains. Investors felt the market might be overheating. Wall Street saw record closes due to expectations of Federal Reserve interest rate cuts. Chip-related stocks and Fast Retailing contributed to Nikkei’s rise. SoftBank Group experienced a slight dip after a significant surge this week.
Oracle Financial Services, Trent among 6 F&O stocks saw a high increase in futures open interest
A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
At multi-year highs: Sundaram Finance, Cupid among 5 stocks witness 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.