Amit Gupta from Motilal Oswal Private Wealth highlights emerging opportunities for Indian markets amidst geopolitical tensions. Focus shifts to sectors like semiconductors and rare earth elements. India’s significant rare earth reserves and rising copper prices present investment potential. Government initiatives to boost AC exports create opportunities in the consumer discretionary sector.
Positive Breakout: These 8 stocks close cross above their 200 DMA
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Smartworks IPO to open on July 10, to raise Rs 445 crore
Smartworks will launch its IPO on July 10 to raise Rs 445 crore via fresh issue and OFS. The company operates over 10 million sq ft of flexible workspace.
Bullish setup for Nifty, Bank Nifty; pharma, oil & gas to remain in focus: Rajesh Palviya
Rajesh Palviya of Axis Securities sees bullish momentum continuing as Nifty holds above key support. Pharma, oil & gas, and capital goods are showing strong breakouts. Glenmark and Reliance are top picks. Meanwhile, Trent may consolidate between Rs 5,000–Rs 6,000, offering a potential buy on dips opportunity for long-term investors.
Smarten Power System IPO opens on Monday. Check price band, GMP, other details
Smarten Power System’s Rs 50 crore SME IPO opens on July 7, with shares priced at Rs 100 each. The issue includes fresh equity and offer for sale, and will list on NSE SME platform on July 14.
ET Market Watch: Markets up but jittery: What’s spooking investors?
Dreamfolks sees Rs 169-cr stake sale by Bajaj Finance, others via block deal; shares tank 12%
According to exchange data, Bajaj Finance offloaded 3.09 lakh shares at Rs 196.32 apiece, totalling Rs 61 crore. Motilal Oswal Mutual Fund sold 2.7 lakh shares at Rs 211.14, fetching Rs 57.04 crore, while HRTI Private Limited exited 2.61 lakh shares at Rs 196.48, amounting to Rs 51.37 crore.
Sebi may widen Jane Street probe to other indices, exchanges: Report
Sebi Probe: Sebi’s probe into Jane Street may expand beyond Nifty options to include trades on other indices and exchanges. While the investigation could take time, it is unlikely to trigger broad market disruption, an ET Now report stated. Retail F&O participation has eased, but nearly 90% of traders still continue to incur losses.
Expect double-digit earnings growth from BSE 500 companies going ahead: Mukul Kochhar
Investec Capital Services’ Mukul Kochhar highlights India’s strong underlying market strength, anticipating double-digit earnings growth for BSE 500 companies. While responsible fiscal management and lower inflation support valuations, securing trade treaties remains crucial for integrating into global supply chains. Kochhar favors domestic cyclicals, financials, industrials, and auto sectors, while expressing caution towards consumer staples and IT services.
Emcure Pharma shares in focus as Bain Capital likely to offload 2.4% stake via block deal
BC Investments IV, linked to Bain Capital, is expected to sell a 2.4% stake in Emcure Pharmaceuticals. The sale will occur through a block deal valued at Rs 551 crore. About 45.5 lakh shares will be sold at Rs 1,279.80 each. Kotak Securities is managing the deal. Emcure’s stock is currently below its all-time high despite strong quarterly results.