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Vinay Rajani of HDFC Securities suggests caution despite the recent market rebound, noting uncertainty persists. He identifies FMCG and NBFC sectors as showing potential, with FMCG being the stronger of the two. Rajani recommends Britannia and Chambal Fertiliser as specific stock picks for short-term trading, advising strict stop-losses.
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News and Media
Hindustan Petroleum Corporation Ltd (HPCL) shares surged the most, rising 4% to a day's high of Rs 367.50 on the BSE, followed by Bharat Petroleum Corporation Ltd (BPCL) shares, which climbed 2.7% to Rs 281.80. Meanwhile, Indian Oil Corporation (IOC) shares increased by 2%, reaching Rs 131.
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News and Media
Cryptocurrencies rebounded on Tuesday, with Bitcoin rising above $79,600 and Ethereum holding above $1,500, as easing U.S. tariff concerns improved market sentiment. Altcoins like Solana, Cardano, and Dogecoin also rallied. Despite the recovery, investor caution lingers, with the Crypto Fear & Greed Index in Extreme Fear. Analysts see key resistance at $84,000 for Bitcoin, with volatility likely to persist.
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News and Media
Dipan Mehta advises Indian investors to adopt a sell-on-rise strategy amidst global financial uncertainty, drawing parallels to the 2008 crisis. He suggests caution due to potential tariff impacts and a looming global slowdown, advocating for capital protection and increased cash reserves.
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News and Media
Invesco's Arnab Das suggests a fragmented global economy with shifting capital flows from the US to Europe and Asia due to trade tensions. While retaliation from China is underway, the primary short-term risk remains a potential recession. Das advises a holistic portfolio review, cautioning against impulsive reactions amidst market dislocations.
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News and Media
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