Category: Business News & Economy

Growfast

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

Motilal Oswal projects stronger growth for food delivery and quick commerce, upgrading Swiggy to ‘buy’ with a Rs 560 target and maintaining Eternal at Rs 420. Easing competition, GST reforms, and festive demand are expected to drive profitability, boosting investor confidence in the sector.

Sri Lotus Developers and Realty shares rose 5.5% to ₹195.75 after Motilal Oswal initiated coverage with a ‘Buy’ rating and a ₹250 target price, implying a 28% upside. The brokerage highlighted strong fundamentals, sectoral tailwinds, and a robust project pipeline.

Nifty closed lower on Friday amid sectoral selling pressure. Analysts expect short-term volatility but potential for a sustained rally. Cholamandalam Investment and CreditAccess Grameen are recommended for Monday, showing strong breakouts, bullish momentum, and support above key EMAs. Upside potential is 6–10%, with clearly defined stop-loss levels.

Nifty ended higher after a late rebound driven by financials, pharma, and FMCG, supported by sentiment linked to the NDA’s Bihar victory. Technical indicators suggest strength above key support levels. Analysts recommend GRSE and Thyrocare based on strong breakouts, robust volume patterns, and sustained momentum across major moving averages

Indian equities extended losses for a second straight session as IT, financial and auto stocks weighed on benchmarks, pushing the Nifty below key short-term averages. Amid rising bearish momentum, analysts flagged 26,000 as a crucial support, while recommending NBCC and Dalmia Bharat on technical breakouts.

Indian equities fell over 1% as escalating Middle East tensions pushed crude oil prices higher, weighing on sentiment. Analysts warn sustained oil gains could impact inflation, deficits and monetary policy. Technical analysts recommend Data Patterns and NALCO as potential trades for Monday based on breakout patterns and bullish momentum.