Indian markets posted a strong rebound in the holiday-shortened three-day trading week, with benchmark indices rallying over 4.5% on the back of positive cues from both domestic and global fronts. The Nifty and Sensex closed near their weekly highs at 23,851.65 and 78,553.20, respectively, supported by optimism over tariff deferrals, product exemptions, easing retail inflation, and the absence of global shocks.While the broader market rallied sharply, it was the smallcap segment that stole the spotlight, with several stocks posting weekly gains of up to 30%. The rally was broad-based, with notable participation from realty, financials, and other sectors, and reflected strong risk-on sentiment despite the prevailing macroeconomic uncertainties.
Despite recession fears, Indian markets rebounded strongly, with the Nifty and Sensex closing near weekly highs. Realty, banking, and financials led the gains, supported by bullish technical indicators. Analyst Sudeep Shah anticipates further upside for Nifty and Bank Nifty, driven by positive FII activity and strong sectoral performance in private and PSU banks.
In the week ending April 17, the benchmark Sensex rose by approximately 4.5%. Amid this broader market rally, seven penny stocks posted gains ranging from 10% to 24%. Our selection criteria focused on stocks with a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum trading volume of 5 lakh shares based on the latest data. (Data Source: ACE Equity)
YES Bank's net profit and NII figures were above Street estimates. During the quarter, the bank's interest income rose 2.3% YoY to Rs 7,616 crore while net NPA (non-performing asset) came at 0.3% against 0.5% quarter-on-quarter.
RBI Governor Sanjay Malhotra voiced concerns about dwindling liquidity in India's call money market, potentially hindering monetary policy transmission. He urged banks to ensure seamless transmission of RBI's liquidity measures to the broader market. With surplus liquidity averaging 1.
Manish Jaiswal sought expert advice on ET Now's The Money Show to enhance his retirement portfolio, aiming for Rs 1.5 crore in 15 years through SIPs. Financial advisor Nisreen Mamaji validated his fund choices and suggested diversifying his investments into specific funds to potentially reach Rs 1.
Robert Kiyosaki, the author of Rich Dad Poor Dad, forecasts a significant rise in the value of Bitcoin, gold, and silver by 2035. He anticipates Bitcoin reaching $1 million, gold hitting $30,000 per ounce, and silver touching $3,000 a coin. Kiyosaki advises immediate investment in these assets to potentially achieve wealth and financial freedom amidst a predicted economic downturn.
India's GDP growth shows signs of revival, potentially returning to 6%+ with controlled inflation and RBI support. While NIFTY50 earnings growth is solid, FY26 may see downgrades. Valuations are normalizing, with opportunities in Financials, Consumer Goods, and Oil & Gas. The focus should be on careful, selective investment, favoring large caps and secular businesses.
ASK Investment Managers is navigating market volatility with a focus on quality and growth stocks, favoring manufacturing, consumption, and healthcare sectors. Despite global headwinds, the firm believes India's domestic strength positions it favorably to attract foreign investment. Earnings trajectory and capital efficiency are crucial for sustained market improvement.
