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Bharat Electronics Ltd (BEL) grabbed investor attention on Friday, rising 2.3% to an intraday high of Rs 283.45 on the BSE ahead of its record date for determining the shareholder eligibility for an interim dividend of Rs 1.5 per share. The record date and the ex-date for this purpose is March 11.

«It is quite possible we may go through some bit of consolidation as we grapple with global macros, as we grapple with local macros, but post that we should be in a pretty much a sweet spot,» says Nilesh Shah, MD & CEO, Envision Capital. Is the market going to be a winner or not? Have we sold out enough? Nilesh Shah: Yes, India will remain a winner, be it sports or be it the Main Street or be it the Mint Street, India remains a long-term winner. Yes, there would be a bit of upheavals here and there. Like in sports, you lose one match or so, but ultimately what matters is winning the trophy, winning the tournament. I clearly believe India will continue to win this trophy of being the star in emerging markets.

Simbhaoli Sugars Ltd.(up 2.11%), Ponni Sugars(Erode)Ltd.(up 0.88%), Kothari Sugars & Chemicals Ltd.(up 0.31%) and Bannari Amman Sugars Ltd.(up 0.11%) were among the top gainers.

Axis Securities has an equal weight call on Cholamandalam Investment & Finance Company with a target price of Rs 1650. The current market price of Cholamandalam Investment is Rs 1465.9. Cholamandalam Investment & Finance, incorporated in 1978, is a Large Cap company with a market cap of Rs 122829.71 crore, operating in the NBFC sector.

Umang Dairies Ltd.(up 4.30%), Future Consumer Ltd.(up 3.71%), LT Foods Ltd.(up 2.23%), Vadilal Industries Ltd.(up 2.20%), Dangee Dums Ltd.(up 2.02%), Emami Ltd.(up 1.94%), Hindustan Unilever Ltd.(up 1.89%), Colgate-Palmolive(India)Ltd.(up 1.83%), Mrs. Bectors Food Specialities Ltd.(up 1.68%) and Nakoda Group Of Industries Ltd.(up 1.42%) were among the top gainers.

Domestic benchmark index NSE Nifty gained 88.21 points to 22640.7, while the BSE Sensex traded 300.56 points up at 74633.14.

«All the GST products which come in that band, the affordable products, I would guess are the ones where they would see some kind of cut, clearly not the luxury products, and also given that automobiles and tariffs and Trump tariffs are going to impact the automobiles above that $40,000 mark, clearly there is unlikely to be any GST reduction above that,» says Chakri Lokapriya, CIO-Equities, LGT Wealth. Where do you see things are stacking up for the market? We have seen a dinky bounce from the recent low. Are we out of the woods? Chakri Lokapriya: You are absolutely right. We are out of the woods because if you look at the valuation currently trades at Nifty one year forward, trades at about 18.8 times, close to 19 times. The COVID lows was about 18.5 times. So, is the market overall in a far better economic situation than it was during the COVID period lows? Answer is clearly yes.

bond yields were barely changed at the start of a week that would see key events including heavy debt supply, bond purchases from the central bank and inflation data due in India as well as the United States. The benchmark 10-year yield was at 6.6902% as of 9:45 a.m. IST, compared with its previous close of 6.6881%.

ICICI Bank Ltd.(up 0.8 per cent), State Bank of India(up 0.51 per cent), Axis Bank Ltd.(up 0.41 per cent) and HDFC Bank Ltd.(up 0.05 per cent) were among the top gainers.

Indian rupee weakened on Monday on the back of strong demand to buy dollars at the daily reference rate and as the Chinese yuan slipped amid worries about the country's economy and a global trade war. The rupee declined 0.4% to 87.26 against the U.S. dollar as of 9:45 a.m. IST.

On the BSE, Kesoram Inds.(down 95.24 per cent), Raghuvansh Agrofarm(down 20.00 per cent), RLF Ltd(down 15.65 per cent), Aadi Industries Ltd.(down 10.71 per cent) and Octaware Tech(down 9.99 per cent) were among the stocks that plunged over 5 per cent during the session.

Indian Renewable Energy Development Agency (IREDA) shares will be in focus on Monday after the company announced that the Reserve Bank of India (RBI) has not approved its request for equity investment in the 900 MW Upper Karnali Hydro Electric Power Project in Nepal. IREDA stated that it plans to resubmit the proposal. The company had earlier received in-principle approval from its board on 16 July 2024 to invest up to 10% equity in GMR Upper Karnali Hydro Power Limited, Nepal, and Karnali Transmission Company Pvt. Ltd., Nepal, in partnership with SJVN. The total investment was estimated at around Rs 290 crore, subject to approvals from the Government of India and other regulatory authorities. Existing shareholders of GMR Upper Karnali Hydro Power Limited include GMR and the Nepal Electricity Authority.

Devina Mehra, Founder & CMD, First Global, says this time it has been coincidental that the FIIs have pulled out money and the markets have fallen. But over a period of time, data show that the unsaid assumption that if FIIs come in, the market goes up; FIIs pull out, and the market goes down, does not hold any more. In any case, the end of the US outperformance US is coming closer. Mehra also says that they are overweight on IT, pharma, and auto components and have selectively added some FMCG and chemical stocks.

Tata Power shares will be in focus on Monday after its subsidiary, Tata Power Renewable Energy Ltd (TPREL), signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to develop renewable energy projects worth Rs 49,000 crore ($5.6 billion). This marks one of the largest renewable energy investments in the state, the company said in an exchange filing. TPREL has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to collaborate and explore opportunities to build up to 7,000 MW including solar, wind and hybrid projects with or without storage solutions.

ONGC will be in focus on Monday after its subsidiary ONGC PetroAdditions Ltd (OPaL) decided to relinquish its «only-for-export» status and shift its focus to the rapidly expanding domestic petrochemical market. The company has received final approval to exit the Dahej Special Economic Zone (SEZ), and will now operate as a Domestic Tariff Area (DTA) unit, effective from March 8, 2025. This move will enable OPaL to concentrate primarily on serving the domestic market, instead of exporting products, which was the primary purpose of operating within an SEZ. As a DTA unit, OPaL will be exempt from paying customs duties on products sold within India, which is expected to enhance its profit margins.

global trade war led investors to safe havens, lifting the yen and the Swiss franc. Markets have been fixated on simmering trade tensions across the world as U.S. President Donald Trump slapped tariffs on top trading partners only to delay some of them for a month amid growing signs and fears of the U.S. economy slowing down.

Howard Marks, Co-chairman of Oaktree Capital Management, during his Mumbai visit, believes fixed-income investments are now highly competitive, with high-yield bonds offering returns of 7% and private credit reaching up to 11%. "High yield bonds are at 7%, other strategies are at 7%, maybe as high as 8%, private credit at 9-11%," he noted, reinforcing the case for fixed income as an alternative to equities.

Nifty rebounding from its oversold trajectory. However, Rajesh Palviya, technicals and derivatives analyst at Axis Securities, cautions that the rally remains fragile unless key resistance levels are surpassed. In an interaction with ETNow, he highlighted the significance of 22,750 as a pivotal level that needs to be breached for a stronger uptrend. «There is a recovery from oversold trajectory of Nifty. But still, we are trading below to 20-day moving average, which is placed at around 22,750 kind of level. So, that level needs to cross in this recovery,» he stated.

Subscribe to enjoy similar stories. Hyundai Motor India Ltd's proposals to buy goods and services in excess of ₹31,000 crore next financial year from related companies, which could be more than half the purchases it made in the previous fiscal, have divided two of the country's leading proxy advisory firms. Stakeholders Empowerment Services (SES) and Institutional Investor Advisory Services (IiAS), both based in Mumbai, have put out contrasting notes on Hyundai's resolutions for dealing with seven related companies.

Subscribe to enjoy similar stories. The National Pension System (NPS) is among two key retirement schemes in India. The other one is the Employee Provident Fund (EPF), which employees and employers are required to contribute to mandatorily.

Subscribe to enjoy similar stories. Managers are better equipped than ever to make good decisions. They are more aware that human judgment is fallible.