Market Bizzz

With multiple technical and sentiment indicators flashing oversold signals, institutional investors increasing their long positions, and key resistance levels in sight, the stage might be set for a strong recovery.

Jim Walker, Chief Economist at Aletheia Capital, discusses the likely slowdown in the US economy, potential changes in US trade policies, and the impact on global markets. He emphasizes India’s promising growth, stable policies, and the need for deregulation. Additionally, he mentions the appeal of gold and copper investments amid economic uncertainties.

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.

Market analysts have differing views on India’s real estate sector. While Christopher Wood remains positive about its growth, Neeraj Dewan observes signs of consolidation and a slowdown in investments. Dewan notes that despite some negotiated discounts, builders are maintaining prices, suggesting resilience. Investors are advised to wait for further consolidation before expecting a strong revival.

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.