Jefferies calls the conflict between Israel and Iran a buying opportunity; Hormuz warns: there is a risk of major shocks for India

Amid the sharp selloff triggered by US and Israeli missile strikes on Iran, global brokerage firm Jefferies has struck a cautiously optimistic tone, suggesting the revival in the Middle East could be short-lived. The brokerage draws parallels with recent regional conflicts that quickly faded and sees a potential buying opportunity emerging from the panic.However, it […]

Nifty finds support near 25,900; Volatility offers buying opportunities, says Rahul Sharma

Indian equity markets showed signs of recovery with a return of buying interest, but traders should brace for higher volatility in the near term, said Rahul Sharma, Director and Head – Technical & Derivatives Research at JM Financial Services.Speaking to ET Now, Sharma said the Nifty 50 has found short-term support around the 25,900-25,950 zone […]

Adani Power shares could grow another 23%, says JM Financial while initiating coverage

Domestic brokerage firm JM Financial has initiated coverage on Adani Power with a ‘Buy’ rating, setting a target price of Rs 178 per share. This implies a potential upside of 22.8% over the current market price of around Rs 145.The brokerage’s optimism stems from the company’s strong execution capabilities, dominant position in thermal energy and […]

Defense biggest theme of the decade and not oil, natural resources or forex. Gurmeet Chadha explains why

Amid rising geopolitical tensions following the US invasion of Venezuela and the arrest of President Nicolas Maduro on drug trafficking charges, the global focus has returned to military strength as the cornerstone of national power, while the episode poses potential risks to market sentiment.In an era when territorial sovereignty, trade interests and energy routes are […]

Market reversal: Sensex falls 31 points, Nifty falls below 26,000 while D-St declines for 4th day; The rupee falls to a new record low

Indian shares closed lower on Wednesday, with the Sensex and Nifty continuing their declines to a fourth straight session as investors held on to gains near record highs. Sentiment on Dalal Street remained fragile ahead of the Reserve Bank of India’s policy decision on Friday, as continued foreign outflows kept pressure on the rupee, pushing […]