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Amid geopolitical tensions and market volatility, Nifty faces resistance while Bank Nifty shows signs of exhaustion after hitting a high. IT stocks, particularly TCS, Coforge, and Intellect, display recovery potential. Analysts suggest caution with longs, favoring large caps and providing trading ideas for CONCOR, TCS, and Bandhan Bank.
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Ather Energy launched its IPO today. The company plans to raise Rs 2,981 crore. The IPO includes fresh equity shares and an offer for sale. Funds will support expansion and R&D. Analysts recommend subscribing, citing Ather's strong position in the electric two-wheeler market. The company anticipates industry growth and aims to expand its product range.
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Oil prices saw a slight increase in early trading. However, trade talk uncertainties between the U.S. and China continue to weigh on the market. The prospect of OPEC+ potentially increasing supply adds to the gloom. Conflicting signals from Donald Trump and Beijing regarding trade progress are also impacting the market.
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