We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
Harikanta Overseas' SME IPO opens Wednesday, aiming to raise Rs 25.63 crore. The issue, priced between Rs 91-96, sees muted grey market sentiment with zero premium. Funds will bolster working capital and general corporate needs as the textile fabric manufacturer expands. The IPO closes May 22, with tentative listing on May 27.
Vegorama Punjabi Angithi's SME IPO opens Wednesday, with a 20% grey market premium signaling strong investor interest and expected listing gains. The company aims to raise Rs 38.38 crore to fund expansion, including new cloud kitchens and infrastructure upgrades. The issue is priced between Rs 73-77 per share.
Oil prices dipped for a second day as President Trump suggested a swift end to the Iran conflict. However, market caution persists due to ongoing peace negotiation uncertainties and Middle East supply disruptions. Experts warn prices will remain elevated due to potential renewed strikes and slow supply recovery.
As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
President Donald Trump has broken tradition by actively trading stocks. His portfolio saw over 3,600 buy and sell orders in the first quarter. Many trades involved companies directly affected by his presidential decisions. This extensive trading activity contrasts sharply with previous presidents who divested or used blind trusts.
The US dollar remains strong near a six-week peak, driven by inflation fears and the potential for higher interest rates due to the Iran war. This surge is pushing the Japanese yen towards intervention levels. Global bond markets are experiencing a sell-off, with US Treasury yields hitting multi-year highs.
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