Despite a volatile week and a 0.3% decline in BSE Sensex, the BSE Smallcap index slipped just 0.15%. However, 10 smallcap stocks posted double-digit weekly gains, led by NACL Industries, Hampton Sky Realty, and Rajoo Engineers among others.
As police continue the search for the two aggressors, the images of the beating over a $50 check still haunt some of the other workers at the restaurant.
Ace investor Vijay Kedia reduced his stake in Global Vectra Helicorp to 4.86% in Q4FY24. The move reflects profit-booking amid weakness in smallcap stocks. Despite a recent dip, Global Vectra has delivered strong one-year gains. Global Vectra Helicorp shares have seen its gains recede by nearly 16% in the past six months though it has been a big outperformer on a 1-year basis with more than 50% returns.
Edelweiss Mutual Funds Trideep Bhattacharya expects limited direct impact of US tariffs on India but warns of global ripple effects. He prefers healthcare and domestic consumption sectors amid volatility, citing their resilience to global headwinds and currency risks.
Indian markets ended positive after US paused reciprocal tariffs, easing investor concerns. Smallcaps recovered late, while IT, metals, and capital goods rallied. Focus now shifts to India-US trade talks, Q4 earnings, and RBIs stance amid cooling inflation.
SEBI plans to simplify regulations for the capital market. Tuhin Kanta Pandey, chairman of SEBI, mentioned this in an interview. The goal is to reduce compliance burdens and costs. SEBI will review existing rules and seek stakeholder input. They will also address concerns about derivatives market regulations. Consultations with Amfi are planned regarding mutual fund expense ratios.
Indian stock markets surged on Friday, mirroring gains in Asian markets. The NSE Nifty and BSE Sensex both saw significant increases. Metal, consumer durables, and pharmaceutical sectors led the rally. Market experts suggest stability due to cooling volatility and steady investment flows. Investors are advised to focus on domestic sectors.
SEBI Chairman Tuhin Kanta Pandey announced a potential regulatory overhaul to ease compliance burdens and modernize norms. SEBI is collaborating with the RBI and government to simplify investment rules for overseas funds and individuals in the Indian stock market, including exploring fungibility between FPI and FDI.
