Fixed income investors might need to adjust their strategies. Experts suggest shifting from long-term bonds to accrual strategies. Focus should be on schemes earning through steady interest. Investors who gained from falling yields can consider booking profits. Short to medium tenure funds and corporate bonds are now attractive. Ultra short-term funds are suitable for shorter horizons.
Indian Continent Investment, led by Sunil Mittal, plans to sell approximately 0.8% of its stake in Bharti Airtel for over 9,300 crore through a block deal. The sale involves five crore shares at a floor price of 1,862 per share, a 3% discount. This follows a similar stake sale in February, with Bharti Airtel's shares showing significant gains this year.
Tata Sons has initiated early talks with minority shareholder Shapoorji Pallonji (SP) Group to explore potential exit and monetisation options for SPs 18.37% stake, currently pledged with lenders. This follows a resolution by Tata Trusts to retain Tata Sons private status and seek a settlement. Chairman N Chandrasekaran recently met Shapoor Mistry, marking their first formal engagement since 2016.
Indian equity markets rebounded on Thursday, recovering from earlier losses fueled by tariff concerns. Optimism surrounding a potential Trump-Putin meeting spurred hopes for eased US-India trade relations, particularly regarding Russian oil purchases. The NSE Nifty and BSE Sensex both closed marginally higher, driven by short covering and positive momentum indicators, suggesting a possible continuation of the upward trend.
