Domestic markets rebounded from early losses despite rising Iran-US tensions, supported by strong gains in banking stocks. Analysts have recommended Ather Energy and J&K Bank for Thursday, citing bullish breakouts, healthy volumes, strong momentum indicators and favorable long-term technical structures.
Lenskart Solutions saw a major stake sale as SoftBank offloaded shares worth about Rs 2,873 crore through a block deal. The transaction drew strong institutional interest, while analysts remain positive on Lenskart's growth prospects, technology-led model and expanding international footprint.
Indian equities remained volatile amid IT sector weakness, global uncertainties and cautious investor sentiment. Analysts see key Nifty support near 23,200-23,000 and resistance around 23,750-23,800. Market participants will monitor technical levels, global cues, sectoral trends and stock-specific developments for direction.
Rajesh Exports and promoter Rajesh Mehta face regulatory action after Sebi alleged large-scale financial misrepresentation and possible revenue inflation of 97-99%. The regulator has barred Mehta from trading in company securities and ordered a fresh forensic audit.
US stocks opened lower as rising crude oil prices and renewed Middle East tensions pressured sentiment, after reports of Iranian missile activity near Kuwait and Bahrain. Dow, S&P 500 and Nasdaq slipped at open, while concerns over new US tariff proposals added to risk-off mood despite strong AI-led earnings support.
Investor Tom Gayner views stocks as ownership in businesses built on human ingenuity. He emphasizes that a company's value stems from its ideas, expertise, and innovation. Successful firms convert knowledge into profits, creating lasting economic value. These businesses continuously reinvest in their intellectual capital, attracting talent and fostering growth.
The fund will be utilised to strengthen research and advisory capabilities, expand team across functions, and support market expansion, the startup said in a statement.
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