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Power Grid shares rose sharply, extending their two-day rally after the PSU raised its FY26 capex and capitalisation guidance. Strong Q3 results, higher government investment plans, and bullish technical indicators have boosted investor sentiment, with the stock trading above key moving averages and showing further upside potential.
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News and Media
Bajaj Housing Finance shares rose sharply on Tuesday after the company reported a strong Q3 show. Its net profit soared 21% YoY to Rs 665 crore, signalling strong growth momentum. Strong NII growth, a 23% rise in AUM, and robust asset quality supported sentiment, though technical indicators pointed to cautious short-term momentum.
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News and Media
Foreign investors reduced selling in Indian stocks this fiscal year. However, their investment in initial public offerings and qualified institutional placements also dropped significantly. This trend suggests a waning interest in Indian equities. Meanwhile, domestic mutual funds continued their strong support with consistent inflows, remaining net buyers throughout the period.
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News and Media
US President Trump announced a significant reduction in tariffs on Indian goods, lowering them from 25% to 18%. This move, linked to India's agreement to halt Russian oil purchases, is expected to strengthen the rupee and boost Indian stocks. Strategists anticipate positive impacts across various asset classes and export-oriented sectors.
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News and Media
Arbitrage funds, popular with affluent investors, are set to see returns shrink by 25-35 basis points due to a proposed increase in securities transaction tax (STT) on equity derivative trades. The government's budget proposal raises STT on futures sales, impacting the price anomalies these funds exploit. Despite this, their tax efficiency is expected to maintain popularity.
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News and Media
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