Nifty shows recovery, trading flat at 24,840, with analyst CA Rudramurthy BV noting a positive reversal pattern and key support at 24,580. He recommends buying on dips, citing domestic policy pushes and strong earnings potential. Metals, e-commerce, and PSU banks are favored sectors, with stock picks including Nykaa, Paytm, Eternal, and IndiGo.
Shares of Atlantaa Ltd soared 20% to hit the upper circuit at Rs 55.65 on the NSE on Wednesday, October 3, after the small-cap company clinched a massive Rs 2,485 crore order from IRCON over five times its market capitalization of just Rs 450 crore. The stock has hit an upper circuit for a second session in a row.
Tushar Bohra predicts a market turnaround fueled by accelerating earnings momentum, expecting double-digit Nifty CAGR within two years despite initial volatility. He advocates for domestic cyclicals, consumption, banks, NBFCs, and the power/utility sectors, emphasizing a stock-specific approach for metals. This outlook highlights strategic investment opportunities.
A market veteran sees a positive shift for India's financial sector. Private banks, including HDFC Bank and ICICI Bank, will lead future growth. FY27 is expected to be a landmark year for both private and public sector banks. Rate cuts and government measures will support this expansion. A billion-dollar NBFC investment highlights this outlook.
New bodies and body parts discovered in a Kenyan village, Binzaro, raise fears that a doomsday starvation cult has persisted despite a major police operation two years ago. This new site, 30km from the original Shakahola massacre, reveals 34 bodies and 102 body parts, suggesting the cult adapted its deadly practices.
The search for survivors has continued, even though they found no signs of life on Thursday as they called out students' names through tunnels inside the remains and used sensors to detect vital signs.
Subramaniam stressed the need for investor education and responsible distribution. Equities are a good wealth creation and inflation-beating asset class, but not like a lottery. Distribution is key because a lack of trust in financial institutions was surprising to me, despite big names like SBI and HDFC being in the space.
