Sebi has proposed revising how ETFs determine base prices and daily price bands to better reflect real-time market conditions and reduce manual errors. The regulator is seeking public feedback on using T-1 data for base prices, introducing dynamic price bands, and adding a pre-open session for commodity ETFs.
Gold prices dropped nearly Rs 1,800 intraday on MCX amid profit booking and a firmer dollar. Analysts see consolidation after a sharp rally, with technical indicators signaling limited upside and recommending a sell-on-rise strategy toward lower support levels.
Indian stock markets face uncertainty as the Nifty tests support levels. Technology sector weakness impacted trading last week. Banking and public sector stocks are showing resilience and strength. Analysts highlight HDFC Bank and NTPC as potential opportunities. Investors are advised to focus on sectors with relative strength and manage risk carefully during this consolidation phase.
Short-term Japanese government bond (JGBs) yields edged lower on Monday as weaker-than-expected economic data caused traders to pare bets for an early rate hike by the central bank.
Japanese shares drifted lower on Monday as weaker-than-expected economic data and a post-election lull capped moves.
Fortis Healthcare reported a 19% revenue growth in its hospital business, driven by acquisitions and brownfield expansions. The company anticipates reaching 70% occupancy within a year and is on track for margin expansion, with hospital EBITDA expected to reach 24-25%.
Indian markets may stage a stronger show in CY26 after a steep CY25 underperformance, as Motilal Oswal sees improving earnings momentum and supportive macro conditions. With Nifty valuations near long-term averages and upgrades returning, the brokerage expects steadier growth, moderating FII outflows and a healthier outlook across large, mid and small caps.
Fractal Analytics debuted below issue price as muted retail demand and valuation concerns overshadowed its AI positioning. Despite institutional support, high multiples, volatile margins and IT sector weakness capped listing gains. Long-term prospects hinge on revenue consistency, attrition control and converting AI capabilities into scalable, recurring earnings growth over time.
Bitcoin hovers near $68,700 after failing to break the $70,000 resistance, with major cryptocurrencies experiencing declines. Analysts note a cautious market sentiment, influenced by declining ETF inflows and range-bound price action. However, underlying demand appears steady, with potential for a rally above $72,000.
Inox Wind shares fell to their 52-week low on Monday after a weak Q3 marked by slow execution, missed revenue estimates, and higher interest costs. Brokerages, including Nomura and Motilal Oswal, slashed price targets, citing softer guidance and trimmed growth forecasts despite retaining ‘BUY’ ratings.
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