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PC Jeweller shares fell 8.1% after BSE and NSE placed the stock under the short-term ASM framework, following a sharp rally of 33% in two days. The drop comes despite an 80% YoY revenue surge in Q1FY26 and significant debt reduction. Technical indicators suggest the stock is overheated, though momentum remains strong across key moving averages.
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Indian market is expected to consolidate, mirroring mixed global signals. Nifty futures saw slight gains, closing at 25,541, while India VIX experienced a rise. Options data suggests a trading range between 25,000 and 26,000. Experts recommend buying RIL, IOC, CESC, Sun Pharma, Apollo Tyres, Britannia Industries, ICICI Prudential and Voltas, setting specific targets and stop-loss levels for short-term traders.
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Trump says the US will impose a raft of levies after pausing his Liberation Day tariffs.
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