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Asian equities have started 2026 strongly, driven by fiscal expansion in developed markets and persistent geopolitical tensions. Rising commodity prices, particularly base metals, are linked to AI-driven demand. Investor Manishi Raychaudhuri remains positive on Asian equities, with a selective overweight on India, favoring financials, discretionary consumption, commodities, and industrials.
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News and Media
Shares of NALCO fell on Thursday, ending a four-day, 14% rally, as profit booking hit Indias metals sector. All 15 stocks on the Nifty Metal index traded lower amid cooling global commodity prices and stretched valuations.
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News and Media
Speculation about changes to insurance commissions is back on Dalal Street. This is raising concerns for distributors and insurers. Analysts warn that stock prices might not fully reflect these potential regulatory shifts. While the December quarter shows strong momentum for insurers, especially in health and term plans, any commission cuts could hurt volumes. Policybazaar also faces uncertainty.
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News and Media
JM Financial advises caution on oil marketing companies (OMCs) like HPCL, IOCL, and BPCL due to potential excise duty hikes in the upcoming budget. The brokerage reiterates buy ratings on upstream producers Oil India and ONGC, citing attractive valuations and medium-term production growth potential amidst subdued crude prices.
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News and Media
As per the market data, up to 110 million shares, or about 2% of the companys outstanding equity, became tradeable. The increase in free float revived nearterm supply concerns, weighing on the stock even as brokerages maintained a constructive view on the companys longerterm prospects.
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News and Media
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