MARKET OPERATIONS RBI
Stock picks of the week: 7 stocks with consistent score improvement and return potential of more than 24% in 1 year
As Friday saw the Nifty and other sectoral indices close with gains, the general feeling on the street was of bullishness. But make no mistake: It was a volatile week, especially when you look at the mid-cap segment where market breadth was under pressure. Now, there are two ways to be volatility-ready. First, stick to quality stocks. Second, avoid any kind of leverage. And take into account Q4 of FY 25 earnings. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Why the stock market rose today: Sensex settles 1,046 pts higher, Nifty tops 25,100; 4 key drivers of the rally
Nifty Bank, Financial Services, Auto, and Metal sectors led the market rally, emerging as top performers. In the broader market, the Nifty Midcap and Smallcap indices rebounded, climbing nearly 0.8% following a steep drop on Thursday.
Sensex surges over 800 pts, Nifty reclaims 25,000 as bank, auto stocks lead rally
Indian stock markets saw a positive start on Friday. The BSE Sensex and Nifty50 both showed gains in early trading. Banking and auto sector stocks are performing well. Bajaj Finserv and Mahindra & Mahindra are among the top gainers. However, some stocks like IndusInd Bank are experiencing losses. Global tensions continue to influence investor sentiment.
Mayuresh Joshi on 3 sectors where earnings & valuation support can take stock prices higher
Marketsmith India suggests healthcare and NBFC stocks may perform well. Hospital stocks with asset-light models show earning stability. Select NBFCs with strong financials are poised for growth. Consumption-driven stocks like Vishal Mega Mart and V-Mart Retail could benefit from rebounding rural spending. These stocks exhibit potential for volume and price gains. Geopolitical factors are currently influencing market trends.
How M1xchange is revolutionising MSME financing in India
The category winner at the ET MSME Awards 2024 is democraticising access to working capital for India’s MSMEs, unlocking growth for every tier, bridging credit gaps, and fuelling economic empowerment across the nation.
China's rare earth curbs hit India; Groww eyes bonds
China's rare earth export controls are concerning Indian electronics manufacturers. This and more in today’s ETtech Top 5.
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ETMarkets Smart Talk | Avoid overpriced defence, travel, and consumer staples: Arun Poddar’s caution list
Arun Poddar of Choice International advises investors to be selective amid high valuations and macro uncertainties. He suggests avoiding overheated sectors like private defence and focusing on financials, automobiles, and infrastructure. Poddar anticipates stable DII flows and cautions against small and mid-caps due to their expensive valuations, recommending a staggered investment approach.
Microfinance sector introduces new grievance redressal tools for customer protection
Sa-Dhan, the RBI-recognized SRO, has launched a toll-free grievance helpline and a comprehensive Client Grievance Redressal Mechanism (CGRM) manual to enhance customer protection in the microfinance sector. These initiatives aim to foster transparency, trust, and accountability, addressing the critical role of microfinance in supporting underserved communities. The CGRM manual will aid smaller MFIs in building effective internal systems.
Jio Financial Services takes full control of Jio Payments Bank with Rs 104.5 crore SBI stake buy
Jio Financial Services has acquired a 17.8% stake in Jio Payments Bank from SBI, making it a wholly-owned subsidiary. This follows RBI approval and coincides with Jio BlackRock's launch of mutual fund schemes, aiming to offer innovative investment products. The company reported a slight increase in net profit and revenue for Q4 FY25.
No near-term rally expected as weak earnings, global uncertainty weigh on sentiment: Dinshaw Irani
Helios Mutual Fund's CEO, Dinshaw Irani, projects a steady market landscape ahead. He cites underlying economic weaknesses and global tensions as key factors influencing this prediction. However, there is a silver lining with liquidity flows providing stability. Anticipated interventions from the RBI could yield favorable outcomes in the near future.
Govt's net borrowings under control, show steady trend: SBI Report
India's market borrowing program demonstrates stability, with net borrowings well-managed despite economic growth. The government adheres to fiscal discipline under the FRBM Act, utilizing instruments like G-secs, debt switches, and buybacks to fine-tune its borrowing profile. While public debt has increased, prudent fiscal management ensures long-term sustainability, aligning with FRBM targets.
Long India narrative continues but global investors turning impatient: Taimur Baig, DBS Bank
Taimur Baig from DBS Bank discusses the global economy. He says the oil market can handle Middle East tensions. Oil prices are below historical highs. Investors are optimistic about India's growth. They want faster economic progress. The US and UK may sign trade deals. These deals may not be detailed. The US needs to import goods.
Market’s next big cue may come from earnings and rural revival: Shiv Puri
Shiv Puri from TVF Capital Advisors suggests a positive outlook for consumption due to changing unsecured personal lending. He highlights opportunities in underpenetrated sectors like hospitals and retail, emphasizing the importance of selectivity and difficulty as a barrier to entry. Puri believes the premiumization wave has potential but needs broader consumer participation, and earnings will drive market cues.
Nifty Internet index outperforms peers with 19% returns since Feb launch. Is the dotcom boom here to stay?
The Nifty India Internet Index has shown impressive growth since its inception in February, outperforming the Nifty 50 and many sectoral indices. This growth is fueled by increasing investor confidence in digital-first business models and the shift towards online platforms. While some internet stocks have struggled, consumer-facing digital disruptors have largely driven the index's positive performance.
RBI Governor Sanjay Malhotra hints at more room for rate cuts if inflation keeps cooling
RBI Governor Sanjay Malhotra indicated potential future rate cuts if inflation remains below projections, emphasizing a data-driven approach to balance growth and inflation. Despite a recent rate cut and shift to a neutral stance, the central bank aims to maintain flexibility and support economic expansion. Malhotra clarified that liquidity management tools like CRR adjustments are not intended for frequent use.
How a wider Iran-Israel conflict can threaten India
Israel, Iran conflict: Recent attacks between Israel and Iran have heightened fears of a larger regional conflict. India is closely monitoring the situation for potential economic repercussions. Rising crude oil prices and trade disruptions are major concerns. The Indian government is urged to diversify energy sources and maintain strategic oil reserves. Several sectors, including aviation, paints, and pharmaceuticals, could face challenges.
Consumer Durables Sector: A Promising Outlook Amidst Challenges
The consumer durables sector is poised for growth following recent economic changes, with several companies showing significant upside potential according to analysts. This article delves into the sector's performance, outlook, and highlights key players that are recommended for investment.
Crude moves to dictate direction for Indian debt, rupee; RBI key for currency
Indian government bonds and the rupee's direction this week are heavily influenced by the escalating Israel-Iran conflict and its impact on crude oil prices. The Reserve Bank of India's intervention to manage currency volatility will be crucial, especially with rising oil prices potentially widening the trade deficit and stoking inflation.
Rally in Indian bonds loses momentum after RBI changes monetary policy stance to neutral
The yields on the five-year and 10-year bonds jumped more than 20 basis points and six points respectively this week, reversing some declines in the current quarter. This came after the Reserve Bank of India (RBI) unexpectedly shifted its policy stance to neutral from accommodative last week, warning that it has “very limited space” left for further easing.
RBI may soon step in to absorb excess liquidity
The Reserve Bank of India is anticipated to introduce variable rate reverse repo (VRRR) auctions to manage surplus liquidity, aiming to keep short-term money market rates within the liquidity adjustment facility (LAF) corridor.
Is Friday the 13th truly unlucky for Nifty bulls? A look at historical trends
Israel has confirmed the launch of a military operation targeting critical nuclear and military sites across Iran. The strikes, carried out at multiple locations, primarily focused on Iran’s Natanz nuclear facility.
Consumption and infrastructure 2 top compounding themes in market now: Sumit Bhatnagar
Sumit Bhatnagar of LIC MF is optimistic about Indian markets. Economic revival and corporate earnings are expected. Consumption and infrastructure are key themes. Rural consumption has revived. Urban consumption is expected to follow. Financials, telecom, and cement sectors may surprise positively. Steel is expected to perform well. Defence sector offers attractive opportunities. Drones have both defence and industrial applications.
Digital payment firms face RBI scrutiny; Pine Labs, Meesho eye listings
Happy Thursday! After approving about 54 companies to become payment aggregators, the central bank is tightening its reins in the sector. This and more in today’s ETtech Morning Dispatch.
RBI said to use cash reserve ratio as active liquidity tool
India's central bank is considering more frequent use of the cash reserve ratio (CRR) to manage liquidity and accelerate monetary policy transmission. This shift marks a departure from using CRR only during extreme cash fluctuations. Recently, the RBI unexpectedly reduced the CRR by 100 basis points to 3%, injecting 2.5 trillion rupees into the banking system.
RBI to stop daily variable rate repo auctions on surplus liquidity
The Reserve Bank of India will halt daily VRR auctions from June 11 due to surplus liquidity exceeding 1% of NDTL. This move aligns with stable liquidity conditions and no new OMOs. Bond yields rose amid negative sentiment and triggered stop losses following a policy stance shift to ‘neutral’.
From Wednesday, banks can't queue up daily to borrow from RBI
The Reserve Bank of India will discontinue daily variable rate repo auctions from June 11 due to surplus liquidity in the banking system, which has averaged ₹2.75 lakh crore in June. This decision aligns with the RBI's target of maintaining surplus liquidity near 1% of net demand and time liabilities.
Hyundai shares soar 7% to surpass IPO price, hit new all-time high amid high volumes
The surge in Hyundai Motor India could be attributed to multiple factors, including RBI’s repo rate cut, boosting auto demand, the company's gains in India’s electric vehicle market, and its investment in renewable energy. Hyundai's EV strategy and macroeconomic tailwinds are seen as key growth drivers.
Can Nifty sustain 25,000? Share.Market expert answers, suggests strategy for Cochin Shipyard, Suzlon & 4 more stocks
Market analyst Mayank Jain advises investors to watch macro data and corporate earnings. Nifty surpassed 25,000 after the RBI rate cut. Immediate resistance for Nifty is at 25,100. Bank Nifty faces resistance at 57,000. Interest rate-sensitive sectors saw rallies. FII selling was offset by domestic investors. The Trump-Musk spat impacts Tesla's stock.
Gold loan stocks like Muthoot Fin, Manappuram rally up to 4% for second day. What should investors do?
RBI's revised gold loan guidelines, effective April 2026, raise the LTV ratio for small-ticket loans, boosting gold loan stocks. The move, seen as regulatory relief for NBFCs, is expected to spur disbursements and intensify competition. Brokerages predict positive implications for NBFCs, with growth-focused outlook and improved profitability.
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