Ace investor Madhusudan Kela has made fresh investments in underperforming stocks, picking up stakes in Indiabulls Limited and Simplex Infrastructures Limited, signalling a contrarian approach amid recent market trends. Kela acquired over 5.15 crore shares in Indiabulls, representing a 2.22% stake. Indiabulls, a smallcap company with a market capitalization of Rs 2,810 crore, operates across…
Indian stock markets witnessed sharp volatility on Thursday, plunging early before staging a strong recovery, with the Sensex and Nifty ending marginally higher for the second straight session in FY27. At close, Sensex was up 185 points at 73,319.55 while Nifty was up 34 points at 22,713. The benchmark indices closed nearly 1,800 points and…
The shares of metal companies have seen a sharp decline recently, dropping up to 14% on the past one month amid broader market weakness. This decline follows escalations in the Iran-US war and hawkish commentary from the Federal Reserve, which came on the back of soaring oil prices. However, experts see metal prices rising in…
The Nifty IT index closed February around 20% lower, while the tech-heavy Nasdaq declined only 4% during the same month. Experts highlighted structural differences in index composition as the reason for the divergence in the performance of ETFs benchmarked to the two indices. “The Nasdaq comprises hardware, platform and product-led technology companies which include AI…
Amid fears that artificial intelligence is just a bubble ready to be popped, billionaire investor Howard Marks said that it is very real and capable of doing a lot of work. However, he remains inconclusive regarding whether investing in AI will be profitable. “Since we don’t have full knowledge of AI’s business potential or its…
Shares of Anil Agarwal-led Vedanta Ltd rallied as much as 5% to their intraday high of Rs 727.40 on the BSE on Wednesday after BofA Securities upgraded the stock to “Buy” from “Neutral” and sharply raised its target price to Rs 840 from Rs 480 — an increase of 75%. The international brokerage cited a…
Zerodha co-founder Nithin Kamath has cautioned investors to pay closer attention to Depository Participant (DP) charges, saying these often-overlooked fees can significantly increase the cost of trading, especially when brokers levy them as a percentage of transaction value. In a post explaining how DP charges work, Kamath said that every time an investor sells shares,…
Indian benchmark indices closed higher on the back of buying interest in consumer and private banking stocks, though gains were limited by selling pressure across auto, IT and pharma names. While Nifty ended at 25,693.70, rising 50.90 points or 0.20%, the BSE Sensex marched ahead by 266.47 points or 0.32% to 83,580.40. Meanwhile, the volatility…
Shares of Msafe Equipments are commanding a strong premium in the grey market ahead of the company’s listing on the BSE SME platform, with the GMP currently at around 17%. At the issue price of Rs 123 per share, this implies an expected listing price of about Rs 144–145, though analysts caution that GMP is…
Amid the ongoing volatility and market-wide corrections, investors are grappling with the dilemma of where to allocate capital: largecaps, or the more volatile mid and smallcaps. Weighing in on this debate, Gurmeet Chadha, Managing Partner and Chief Investment Officer at Complete Circle Consultants, shared his perspective on X, urging investors to adopt a medium- to…