Time to book profits in power stocks; India heading towards currency risk: Rohit Srivastava

This week will be important as RBI will announce credit policy on Thursday. The Reserve Bank of India (RBI) is expected to raise its main interest rate by 25 basis points on 6 April, and then pause for the rest of the year.

Share Market LIVE Updates: Benchmark indices opened in green on Wednesday as Sensex trades above 59,000 pts and Nifty around 17,400. Adani Enterprises, Tata Steel, and Hindalco shine, while Power Grid and Britannia drag. All sectors are in green with the Metal and Realty indices leading the rally.

The appetite for Indian equity both domestically and internationally is growing, paving the way for a bullish market, according to Sunil Singhania, Founder of Abakkus Asset Manager. Singhania is optimistic about a good monsoon and growth, infrastructure spending, increasing corporate expansion, and a shift of global investments away from China toward India. Singhania says the world is stabilising, due in part to soft oil prices, settling inflation and a return of cost pressures, plus China's reopening that creates an optimistic outlook for the second half of 2023.

By Stephen Culp NEW YORK (Reuters) - Wall Street stocks wobbled to a mixed close and the dollar bounced back on Friday as market participants caught their breath at the end of a week loaded with

CA Rudramurthy, Head of Research at Vachana Investments, advises caution in midcaps and smallcaps as these stocks have started correcting. He points out that yesterday and today there has been underperformance in these sectors. He suggests selling when you can and not when you want, and shifting from momentum to value. He also mentions that the India VIX has been volatile but has not shown any specific moves. He recommends shorting weaker stocks such as Muthoot Finance and M&M Finance, while avoiding selling strong stocks like Escorts, HDFC Bank, and SBI.

Sensex Today | Share Market Live Updates : Foreign institutional investors (FIIs) net sold shares worth ₹4,595.06 crore, while domestic institutional investors (DIIs) purchased ₹9,093.72 crore worth of stocks on March 13, provisional data from the NSE showed.

Independent analyst Anand Tandon says that slightly out of fashion stocks like HDFC merit a relook given that it has eased off because of technical action. He further says one of the major themes to look for in the second half is rural India driving some of the demand growth assuming that the monsoon is not a total disaster. One can also be looking at markets outside India.”

“I think we are set for an industrial revival and as I keep telling people, it may sound a bit boisterous, but I get a déjà vu feeling of the 2003-2008 bull market because the sectors and themes that are moving are very similar to what had happened then. We are extremely overweight are: electrical equipments, capital goods, infrastructure. ”

Manoj Giri, a Bengaluru-based trader, says that while options selling gives a high chance of winning, the low returns compared to any risk taken eventually led him to the cash segment. He believes the risk-to-reward ratio in cash markets is more favourable as it gives better flexibility to deploy any amount of cash, buy, sell and manage risks and positions.

As a result, the Indian FAR bonds will be included in the EM Local Currency indices with an initial weight of 20% of their full market value in September. The weight of FAR bonds will then be increased in increments of 20% of their full market value every month over the 5-month period ending in January 2025, when they will be weighted at their full market value (100%) in the indices, Bloomberg said.