Nomura has cut its Nifty target by 15% to 24,900, warning of a further 5% downside amid geopolitical tensions, rising oil prices and weakening flows. The brokerage sees risks to earnings and valuations, though it believes deeper corrections could create long-term buying opportunities for investors.
Eternal shares have corrected sharply, but JM Financial sees the decline as an opportunity, maintaining a bullish stance. The brokerage believes concerns around the LPG crisis and competition are overstated, and expects steady growth in Zomato and Blinkit businesses, with potential upside driven by improving margins and long-term demand trends.
Indian equities remain under pressure amid West Asia tensions, with Nifty slipping sharply from recent highs. Analysts see the 21,000–22,000 zone as a potential bottom, backed by technical patterns, valuations, and Fibonacci levels. While short-term rebounds are possible, weak momentum, FII outflows, and rising oil prices suggest volatility may persist, prompting investors to adopt a phased, long-term approach.
Indian stock markets, including the Sensex and Nifty, experienced a significant downturn, erasing early gains and falling sharply. Initial optimism surrounding the Strait of Hormuz traffic resumption quickly dissipated, leading to intensified selling pressure and pushing indices into negative territory.
Bitcoin surged past the $75,000 mark, propelled by strong technical indicators and significant derivatives activity, including short liquidations. The cryptocurrency experienced a notable rally, with Ethereum and several altcoins also showing gains, contributing to a rise in the global crypto market capitalization.
Realty body Naredco has partnered with Magicbricks to boost data analytics, research, and market intelligence. This one-year pact will see Magicbricks act as a knowledge and broadcast partner, delivering research reports and co-branded newsletters. The collaboration aims to foster a transparent, data-driven real estate sector, empowering consumers, investors, and policymakers with crucial market insights.
Shares of Adani Power rose on Tuesday, extending a weekly gain of 13% and hitting a four-month high. The rally is driven by strong technical momentum, rising summer power demand expectations, and a 1,600 MW thermal power supply order from Maharashtra State Electricity Distribution Company.
The U.S. Securities and Exchange Commission is reportedly preparing a proposal to make quarterly earnings reports optional, allowing companies to instead report results twice a year. This potential shift, which could be published next month, aims to reduce shortsightedness and costs for public companies, though critics warn of reduced transparency and increased market volatility.
Oil prices surged over 2% as the Strait of Hormuz faces significant disruption due to the ongoing U.S.-Israeli war on Iran. Allies have rebuffed calls to escort tankers, raising supply shortage concerns. The UAE has already reduced production, and some banks have revised longer-term price forecasts upwards.
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