US Stock Reports, Quotes and News
Mark Mobius discusses the potential of largecaps in India, particularly in the infrastructure and power sectors. He highlights NHPC\’s entry into hydropower and emphasizes global growth opportunities, while addressing the valuations of public sector entities. Mobius suggests one should keep some cash on the side in the event of a correction where you can buy at much lower prices.
Kunal Bothra suggests an election-proof portfolio with L&T, BHEL, and Amara Raja Battery. He discusses FPI short positioning, VIX jump, and market scenarios based on majority outcomes. Bothra thinks markets are very pessimistic and in that context, if there is a clear majority, I would expect maybe 8% to 10% rally from current levels.
Shares of metal giants Vedanta and Hindustan Copper surged by 4% on BSE to Rs 410.45 and Rs 372.25, respectively, while Hindustan Zinc saw a remarkable 14% leap to a new 52-week high of Rs 520. The surge is attributed to heightened demand from China, a major player in the global metal market.
Srivastava notes market stability as potential start of election rally with low VIX indicating low market expectations. Anticipates positive market movement post-election outcome, highlighting potential opportunities in private banks like Kotak Bank amid market consolidation.
A look at the day ahead in European and global markets from Kevin Buckland
Of the 25 public sector undertakings (PSUs) that published their shareholding for the March quarter, 11 saw a decline in mutual fund holdings, while only three stocks saw an increase in stakes.
Deven Choksey emphasizes individual stock investments over market view, focusing on sectors like IT, specialty chemicals, and pharma. He remains cautious on market exuberance and suggests strategic investments during corrections for long-term gains. Choksey says: \”The market is scaling up too quickly and too early, maybe that is where one is not fully comfortable.\”