Sudip Bandyopadhyay advises caution amidst US-China trade talk optimism, highlighting significant disagreements that require time to resolve. He favors domestic infrastructure and realty stocks like DLF, Macrotech, and L&T due to government spending and private capex. Bandyopadhyay anticipates positive results from private banks like ICICI Bank and HDFC Bank and suggests Bharat Electronics for long-term portfolios.
Infosys anticipates a slight revenue decline in Q4, projecting 1-4% CC revenue growth for FY26 due to macroeconomic factors and a lack of mega-deal contributions. HDFC Life is expected to see a rise in annualised premium equivalent (APE) by 10-17% and a potential 31% YoY increase in profit after tax.
Indian stock indices closed higher for the third consecutive session, fueled by easing retail inflation and hopes for rate cuts. Viral Chheda of SSJ Finance and Securities suggests buying Jio Financial, SBI Card, and Canara Bank. He anticipates significant upside potential for these stocks over the next 10-12 months, providing specific entry points, stop losses, and target prices.
Contracts for Japanese, Australian and Hong Kong benchmarks all declined after the S&P 500 closed 2.2% lower and the Nasdaq 100 dropped 3% Wednesday. Gold opened higher early Thursday after rising 3.5% to a record in its previous session. Treasuries rallied across the curve, sending the 10-year yield six basis points lower to around 4.28%. US equity index futures were little changed in early Asian trade.
In the quarter-ended March 31, this route-popular among retail investors-saw a decline in new registrations and an increase in stoppages by individuals. The discontinuations could be a mix of investors being averse to renewing SIPs or ending existing plans in the face of adverse stock market conditions.
The Fed chair's afternoon comments sparked further selling in stocks, which had already been under pressure from a sharp drop in shares of Nvidia and other chipmakers.
