As of March 31, Puravankara has completed 95 projects totalling 57 million sq ft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.
JP Morgan has cautioned that India’s FY27 earnings face significant risks from an extended energy and logistics shock linked to the Middle East conflict. The brokerage warned that the Nifty50 could slip to 20,500 in a bear case, even as it maintains a 27,000 base-case target amid fragile macro signals.
Axis Capital expects BSE to replace Wipro in the NSE’s semi-annual index rebalancing, with changes likely announced in August and effective from September 30, 2026. Based on partial data, one Nifty 50 change is anticipated along with reshuffles in Nifty Next 50. If included, BSE could see $657 million inflows, while Wipro may face $225 million outflows from index funds.
Emkay Global maintains a bullish outlook on Indian equities, projecting the Nifty could reach 29,000 by March 2027, driven by strong domestic growth, earnings recovery and policy support. The brokerage expects markets to navigate near-term volatility from geopolitical tensions & high crude prices. It also warns of macro risks from elevated oil but sees long-term structural growth in Indian equities intact.
Cognizant has raised its share buyback programme to $2 billion, signalling strong capital return plans and confidence in long-term growth. The move triggered a sharp rally in the stock, even as the IT services firm continues to face pressure from a broader multi-year decline and valuation concerns.
The Indian rupee reached a historic low on Tuesday. Stubbornly high crude oil prices and weaker Asian currencies pressured the rupee. Higher US yields added to the decline. State-run banks sold dollars, suggesting possible central bank intervention. The rupee slipped to 96.47 against the US dollar, surpassing its previous low.
Indian markets are supported by strong domestic liquidity, but valuations are questioned against fundamentals and growth expectations. Sameer Dalal of Natverlal & Sons Stockbrokers remains cautious on earnings visibility for FY27, while favoring long-term prospects in banking and real estate, advising caution on metals.
BSE shares rose sharply on Tuesday on expectations of replacing Wipro in the Nifty50 during the September rejig. The rally comes after strong Q4 results and bullish brokerage views. Analysts remain divided on the stock, with Nuvama staying positive, Jefferies cautious, and Motilal Oswal turning neutral but raising its target price.
Mumbai-based Ro Fund Management has launched the ‘Ro Stars of India Fund’, a SEBI-registered Category III AIF focused on generating high-alpha returns through a differentiated investment approach and disciplined risk management. The fund has reportedly outperformed benchmark indices within its first month of operations.
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