At least half a dozen large private and MNC banks, following a rigid interpretation of the law, have told such offshore investors that they can hold less than 10% in listed companies only after registering themselves as foreign portfolio investors (FPI) with the Securities & Exchange Board of India (Sebi).
It felt much longer, but the U.S. stock market needed just a few weeks to roar all the way back to where it was on President Donald Trumps Liberation Day.
Anand James of Geojit Investments sees potential for Nifty to hit 25,000, though warns that a drop below 24,280 may signal weakness. He expects defence stocks to sustain gains post-pullback and suggests buying Sonata Software, Sumitomo Chemicals, and Medanta on dips. Smallcaps remain under pressure, but a minor correction could reignite buying interest.
The United States aims to reshape India's trade policies. This is part of a proposed agreement. The US seeks tariff cuts and regulatory changes. These changes could benefit American firms. Key areas of focus include agriculture and dairy. The US wants changes to India's minimum price support programs. They also want easier access for US retail giants.
Several stocks in the Nifty Microcap 250 index are projected to deliver strong gains over the next year, according to analyst estimates compiled by Trendlyne.Companies such as Rajesh Exports, Sterlite Technologies, and Zaggle Prepaid Ocean top the list, with potential returns ranging from 100% to 230%. Here's a look at the top picks:
