Axis Securities remains constructive on real estate, backed by rising pre-sales, stronger balance sheets and premium housing momentum. Its top picks include Prestige Estates Projects and Signature Global, both beneficiaries of sustained demand recovery and aggressive expansion plans.
BSE shares have jumped 15% in the past month and now sit just 6% below their record high of Rs 3,030. The stock has rebounded nearly 50% from its late-September low as concerns over possible F&O curbs eased. After sliding sharply due to regulatory uncertainty, the exchange has staged a strong comeback, drawing renewed investor attention.
Indian pharmaceutical stocks, including Lupin, Shilpa Medicare, and Natco Pharma, are under scrutiny following recent USFDA inspections at their manufacturing sites. These audits yielded regulatory observations, prompting companies to address the findings. Alkem Laboratories, however, reported no critical issues from a separate Armenian health ministry audit at its Sikkim facility.
HG Infra shares: The company, in joint venture with Kalpataru Projects, has become the L-1 bidder for a 1,415 crore Maharashtra Metro Rail project. HG Infra will execute 40% of the work, while Kalpataru will handle the remaining 60%.
PSU bank stocks are showing signs of exhaustion after a strong rally, with indicators like Shooting Star candles and MACD crossovers suggesting a potential pullback. Investors are advised to wait for dips before turning bullish again. Nifty Bank also witnessed an evening star formation, hinting at possible downside moves.
Oil prices are falling again. Peace talks between Russia and Ukraine are moving forward. This could lead to more Russian oil entering the market. The U.S. dollar is also getting stronger. This makes oil more expensive for many countries. Investors are watching these developments closely.
Gold prices fell on Monday. A strong US dollar near six-month highs impacted the precious metal. Hopes for a December interest rate cut by the US Federal Reserve diminished. This development is significant for investors. Other precious metals like silver, platinum, and palladium also saw price movements. Investors are closely watching economic indicators.
Most Indian individual investors saw their net worth decline in the July-September quarter due to market downturns. While benchmark indices like the Nifty experienced losses, midcap and smallcap indices fell more significantly. Nemish Shah's portfolio, however, bucked the trend with a substantial gain, while other prominent investors like Vijay Kedia and Madhusudan Kela also reported positive returns.
Truhome Finance, supported by Warburg Pincus, is preparing for a public listing in the next financial year. The company aims to secure the position of the second-largest affordable housing financier in India. Truhome Finance expects significant growth in its assets under management.
