Nifty breached key support levels near 25,980 and 25,878, signalling a shift from bullish to bearish sentiment. Traders are advised to use a Bear Put Spread strategy to capitalise on the downward bias, with resistance at 26,10026,200 and support at 25,75025,700.
Bharat Coking Coal's IPO opened to strong investor demand, fully subscribed within half an hour. The issue is trading at a significant grey market premium, indicating positive listing expectations. With substantial coking coal reserves and a dominant market share, the company is poised for a robust debut, attracting interest from retail and high-net-worth investors alike.
US equity markets show surprising resilience with a broadening rally beyond tech, supported by Fed rate cut expectations and stable economic data. However, corporate earnings will be key to sustaining this optimism. Geopolitical shifts and policy uncertainties, including potential tariffs, pose long-term risks, leading to a cautious investment approach focused on AI data center supply chains and precious metals.
JM Financial has started coverage on Meesho with a Reduce rating and a Rs 170 target for March 2027, citing limited upside after the stocks sharp post-listing rally. Meesho, which debuted at Rs 161.20 in December, surged 58% to Rs 254.65 but has since corrected nearly 36% and is now trading at Rs 164.
BHEL shares rebounded after a sharp selloff triggered by concerns that India may ease restrictions on Chinese firms bidding for government contracts. Brokerages remain divided, with JM Financial seeing limited long-term impact and Jefferies flagging potential risks pending policy clarity.
Brokerages are divided on how a potential easing of Indias restrictions on Chinese firms bidding for government contracts could affect Bharat Heavy Electricals Ltd. While Jefferies flags competitive risks if curbs are lifted, JM Financial argues that any relaxation, especially at the component level, would lower costs, improve execution and leave BHELs market position largely intact, underpinning its positive long-term outlook on the stock.
Who is Reza Pahalavi: Tens of thousands of Iranians heeded exiled Crown Prince Reza Pahlavi's call to protest the clerical leadership, filling streets nationwide. These demonstrations, driven by economic hardship, mark a new phase testing public support for figures once distant from everyday Iranians, as security forces respond with force.
Elecon Engineering Company's shares plunged 13.2% after reporting a 33% drop in Q3 FY26 net profit to Rs 72 crore, despite a marginal 4.3% revenue increase. The company cited order inflow delays and increased employee costs impacting EBITDA margins. However, management expressed confidence in future recovery due to healthy open orders and steady demand from key domestic and overseas industries.
Iran has again cut internet and phone services as protests surge across the nation. Demonstrators are responding to calls for action, with markets closing in solidarity. This unrest echoes decades of similar movements driven by economic hardship and demands for freedom. Authorities have a history of responding with force and communication blackouts to quell dissent.
