Compound Growth Guide: Double Engine Strategy
Compound Growth Guide: Double Engine Strategy
Profit by knowlytics
Compound Growth Guide: Double Engine Strategy
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Government eases investment rules for stockbrokers. Amendment to Securities Contracts Regulation Rules gives clarity. Brokers can now invest surplus funds more freely. Earlier rules restricted investments in non-securities businesses. New rules allow investments unless client funds are involved. This empowers brokers to diversify revenue streams. However, exchange circulars need updating for full clarity.
Indian stock market slipped as Reliance Industries, HDFC Bank, and Infosys dragged indices lower, with Nifty falling below the 100 EMA, signaling weakness. Analysts see support at 24,150–24,400 and resistance near 24,650. Stock picks include Lumax Industries and Authum Investment with bullish setups.
Choice Institutional Equities initiated coverage on Nazara Technologies with a BUY rating. Strong growth, acquisitions, and global expansion support momentum, though regulatory risks and underperforming IPs remain key challenges