Mihir Vora from Trust MF suggests growth potential in mid and small-cap stocks. These segments include auto ancillaries and CDMO. Capital goods, construction, and pharmaceuticals may show promising results. Vora believes stock-picking opportunities exist even in a sideways market. He advises caution on increasing pharma exposure due to potential US tariff risks. However, he thinks dramatic tariff hikes are unlikely.
In the Nifty500 pack, 11 stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on July 16, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. 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. Take a look:
Smartworks Coworking Spaces made a strong debut on the stock exchanges, listing at a premium of over 7% on Thursday. The IPO, which was subscribed nearly 14 times, saw significant interest from institutional and retail investors. Despite ongoing losses, the company's operating performance shows robust growth.
The dollar experienced fragility amidst concerns that President Trump might dismiss Federal Reserve Chair Jerome Powell, impacting U.S. market confidence. Trump denied immediate plans but kept the option open, criticizing Powell's interest rate policies. Investors fear undermining the Fed's independence, potentially weakening the dollar.
Oil prices experienced a rebound following earlier losses, fueled by robust economic data from major oil-consuming nations and indications of reduced trade tensions. U.S. crude inventories saw a significant drop, signaling increased refinery activity and demand. Despite concerns over tariffs and slower growth in China, positive developments in trade negotiations between the U.S.
Transrail Lighting's stock has surged following strong Q1 results, driven by double-digit revenue and profit growth. The EPC company, specializing in power transmission and distribution, benefits from a robust order book and capacity expansion.
Amidst regulatory actions impacting exchanges and brokers, money managers suggest asset management companies (AMCs) as a safer investment in India's capital markets. While broking stocks face potential degrowth, AMCs are expected to benefit from consistent inflows. Selective exposure to banking stocks with AMC subsidiaries is also recommended due to attractive valuations.
State Bank of India (SBI) initiated a 25,000-crore share sale to institutional investors, marking the largest equity capital raise by an Indian entity since 2015. The indicative offer price ranged from 806.75 to 831.70 per share, with participation expected from LIC, financial institutions, and international investors.
