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The Indian IT sector is showing signs of recovery. Valuations reflect existing pessimism. Mid-tier companies are focusing on AI and automation. Revenue growth in these areas could lead to a sector rerating. Power, manufacturing, and consumption sectors are expected to drive market growth. Investors should watch for earnings delivery to justify valuations.

Ashiana Housing has acquired approximately 23 acres of land in Chennai. The company plans to develop a senior living housing project. The project has a revenue potential of Rs 1,200 crore. The land was acquired from Mahindra World City Developers Ltd. The project will consist of villas and apartments. Ashiana Housing aims to expand into Bengaluru and Mumbai.

Berkshire Hathaway increased its stake in Mitsubishi Corp to 10.23% through National Indemnity Company.

Delhi International Airport is set to raise 10 billion rupees ($114.28 million) through the sale of 15-year bonds. Bids from bankers and investors have been invited for Friday, with a quarterly coupon payment structure. The coupon rate, currently at 8.75%, will be reset after the fifth and tenth years.

A 5-year swing high marks the highest price a stock has reached in the past five years. It often acts as a significant resistance level where prices have historically struggled to break through.

Trading below the 200 DMA is considered a negative signal because it indicates that the stock s price is below its long-term trend line.

The earnings decline for Indian companies might be nearing its end. Q1 saw the smallest downgrade cycle in a year. Large companies are showing stability. Oil and Gas sector boosted overall growth. Construction materials and telecom sectors are performing well. Textiles and consumer durables are facing challenges. Rural consumption revival and potential RBI policy changes could aid growth.

Indian equities experienced a sharp decline on Thursday, triggered by the implementation of 25% US tariffs on Indian imports. The Sensex and Nifty opened significantly lower, with banks facing the most substantial selling pressure. Weak global cues and continuous foreign fund outflows further intensified the market downturn, resulting in a considerable loss of market capitalization.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.