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Zerodha co-founder and CEO Nithin Kamath, who was named EY Entrepreneur of the Year 2024, struck a cautionary note on social media, hinting that his accolade might be a delayed indicator of a market peak. «This is what the top of the bull market looks like with a lag . A broker winning the @EY_India entrepreneur of the year 2024,» Kamath posted on X, formerly Twitter, on March 6. He added a cinematic touch to his reflection, referencing the melancholic Bollywood song Zindagi Kaisi Yeh Paheli from the 1974 film Anand, a song that contemplates the unpredictable nature of life, which played in the background as he received the award, adding a reflective, almost ironic undertone to the moment.

Gujarat Mineral Development Corporation Ltd.(up 4.73%), Sandur Manganese & Iron Ores Ltd.(up 4.09%), Pokarna Ltd.(up 4.06%), The Orissa Minerals Development Company Ltd.(up 3.05%), KIOCL Ltd.(up 2.87%), MOIL Ltd.(up 2.73%), 20 Microns Ltd.(up 2.44%), Coal India Ltd.(up 2.10%), Aro Granite Industries Ltd.(up 1.83%) and NMDC Ltd.(up 1.41%) were among the top gainers.

Domestic benchmark index NSE Nifty gained 73.46 points to 22410.75, while the BSE Sensex traded 195.4 points up at 73925.63.

Wednesday’s 740-point surge in the Sensex, coupled with a 4% rebound in the BSE Smallcap index over the last two sessions, has fueled optimism that the market may have found a bottom. Key technical indicators—including the 14-week RSI, extreme breadth readings, FII long-short ratios, and seasonality trends—are signaling that a potential turning point is near.

Sensex and Nifty, opened higher for the second consecutive session on Thursday, driven by gains in auto, financial, and metal stocks. The rally followed US President Donald Trump's temporary tariff reprieve on automobile imports from Mexico and Canada. The BSE Sensex climbed 299 points (0.41%) to 74,032, while the Nifty50 advanced 99 points (0.44%) to 22,436 around 9:20 am.

buy call on HDFC Life Insurance Company with a target price of Rs 800. The current market price of HDFC Life is Rs 621.3. HDFC Life Insurance Company, incorporated in 2000, is a Large Cap company with a market cap of Rs 133495.30 crore, operating in the Financial Services sector.

Indian Railway Finance Corporation (IRFC) shares surged 3.14% to an intraday high of Rs 121.45 on the BSE on Thursday as the company aims to improve margins by expanding lending beyond railway projects. The newly designated Navratna PSU is exploring financing metro projects and other infrastructure linked to Indian Railways, officials said. In addition, IRFC is assessing opportunities to refinance loans disbursed by multilateral institutions such as the World Bank. This move is significant given the fluctuations in the cost of dollar-denominated borrowings.

Market expert and Quant Mutual Fund’s CIO Sandeep Tandon advised investors to stay mentally resilient as markets undergo a correction, emphasizing that market cycles demand patience and perspective ash e acknowledged that after four years of extraordinary returns from 2020 to 2024, investor expectations had soared, making the current 15-20% correction feel more painful than usual. However, he reassured that such pullbacks are a natural part of both structural and cyclical bull runs and that the market is showing signs of bottoming out.

Wipro shares will be in focus on Thursday after the company introduced TelcoAI360, an AI-first managed services platform aimed at helping telecom operators scale technology solutions while reducing costs and enhancing customer experience. Developed in collaboration with Wipro’s AI partner ecosystem and leveraging ServiceNow’s telecommunications industry solutions suite, TelcoAI360 is designed to streamline operations, improve network performance, and strengthen security for telecom providers.

Shibani Sircar Kurian, Senior EVP, Sr. Fund Manager & Head -Equity Research, Kotak AMC, says that a considerable number of stocks are trading almost 50% lower than their 52-week high. So, some degree of valuation comfort is coming in. We are approaching this market by looking at stocks with earning visibility. Largecaps continue to offer better risk-reward as compared to mid and smallcaps as a pack. However, within mid and smallcaps, there are definite points of opportunity and we would use these corrections to look at these particular segments and stock in terms of allocation. Help us with your take on the markets because some are calling out a near-term bottom in place and also trying to look out for some more opportunities. We saw a bit of a rebound on Wednesday. What is your reading? Shibani Sircar Kurian: Since December of last year, the volatility has been on the back of global as well as domestic factors and some of these uncertainties still remain. However, what we must also understand is that when we look at markets, the Nifty itself has corrected almost 13-14% from its highs. Similarly, the midcap and smallcap indices have seen a greater correction. More importantly, at a stock level, the correction has been even steeper than what the headline indices seem to suggest.

BSE Sensex surged by 740 points while Nifty snapped its 10-day losing streak on Wednesday following value buying in utilities and power shares and a strong trend in global markets. Stocks that were in focus include names like Quadrant Future Tek, which spiked 18% and Varun Beverages, which declined 0.3% and Coforge, whose shares gained 8% on Wednesday.

LIC Housing Finance shares will be in focus on Thursday after the company’s board approved a borrowing plan of Rs 1.23 lakh crore for FY26 through loans, bond issuances, and other instruments. The board, based on the audit committee’s recommendation, approved a total borrowing budget of Rs 1,22,500 crore for the next financial year, the company said in a stock exchange filing.

China unlocked more stimulus on Wednesday and promised greater efforts to cushion the impact of an escalating U.S. trade war. Hours earlier, Germany's likely next government agreed on the biggest overhaul to fiscal policy since the country's reunification.

Market corrections alone do not create investment opportunities- what matters is whether stocks have corrected to their fair value, says Sanjeev Prasad of Kotak Institutional Equities. He pointed out that despite sharp price declines, many stocks, particularly in the consumer staples sector and speculative "narrative stocks," remain overvalued. Meanwhile, he identified select banking stocks as one of the few areas where investors can still find value. «Just because the stock has corrected does not mean anything in isolation. Has it corrected to the right level in terms of value? That is the question to ask,» he asserted.

investors need a strategic and adaptable approach to mutual fund investments. In an interaction with ETNow, Sandeep Tandon of Quant MF emphasized the importance of flexibility and diversification, particularly in a risk-off market phase where rapid shifts in sentiment can make portfolio management challenging. Rather than chasing high-risk thematic funds, he advocates for flexi-cap and multi-asset funds, which allow professional money managers to navigate market volatility more effectively.

Trump might turn to unconventional ideas to try to bring the ballooning U.S. debt under control, after the president insisted he won't cut popular health and retirement benefits. Some of Trump's advisers have espoused unorthodox ideas in recent months, including forcing foreign governments to swap Treasuries for cheaper bonds in order to reduce interest payments and selling residency cards to rich foreigners at $5 million a pop.

technical indicators, including the 100-week exponential moving average (EMA) and the FII long-short ratio, are currently signalling the market may be oversold and poised for a potential short-term rebound. After a decline of 15% since October 1, Nifty gained 1.15% on Wednesday. The Nifty Midcap 150 and Nifty Smallcap 250 indices gained 2.43% and 2.71% respectively on Wednesday. Both indices plunged 20% and 25%, respectively, since October 1 through Tuesday.

oversold market after early indications that the US may soften its stance on trade tariffs. The NSE Nifty gained 1.15%, or 254 points, to finish at 22,337. The BSE Sensex rose 1.01%, or 740 points, to close at 73,730.

equity derivatives contracts to Monday from the long-established Thursday. A look at what could have prompted the country's largest exchange to alter them. Which are the contracts NSE has changed the expiry day?

markets regulator Sebi's recent directive on minimum information has many inconsistencies and is «laughable», former Sebi chairman M Damodaran said on Wednesday. Addressing an event organized by the Institute of Internal Auditors here, Damodaran said we will not be able to see good governance at companies if there are prescriptive arrangements, and advocated that such practices come from within. He quipped that the February 14 directive on industry standards on minimum information to be provided for review by the audit committee and shareholders for approval of a related party transaction is a «very elaborate» document.

The rupee closed 0.3% higher at 86.9550 against the U.S. dollar, its best single-day gain since February 11.