MIRAE ASSET SHAREKHAN
Rupee falls 9 paise to 94.50 against US dollar in early trade
In early trading on Friday, the rupee slipped by 9 paise to reach 94.50 against the US dollar, driven by a robust dollar and surging crude oil prices. After a brief bounce-back, it peaked at 94.36. The domestic equity market exhibited mixed performance, with Sensex rising yet Nifty falling. Notably, Foreign Institutional Investors remained active, purchasing substantial equities, bolstering market optimism.
Pills are paying off! Pharma stocks lead 2026 rally with up to 112% return
In 2026, India's pharmaceutical stocks are making headlines with impressive year-to-date gains. This surge is driven by strong domestic demand alongside enhanced profitability from new product launches. Notable players like Laurus Labs and Gland Pharma have recorded remarkable returns, topping 100%. Amid challenges faced by other sectors, the pharmaceutical field demonstrates resilience. Analysts are optimistic but advise exercising caution regarding potential market volatility and the durability of this sector's performance.
Rupee rises 33 paise to close at 94.93 against US dollar
The rupee closed at 94.93 against the US dollar, marking a gain of 33 paise. Positive trends in domestic markets contributed to this improvement, despite elevated crude oil prices. Foreign Institutional Investors sold equities worth Rs 943.60 crore on a net basis. The IMF advocated for exchange rate flexibility in response to energy shocks affecting the Indian economy.
ITC, RIL, HDFC Bank among top laggards as Nifty falls over 12% in 2026: Time to buy beaten-down stocks or wait for a recovery?
In 2026, the Nifty 50 index faced significant drops, with 34 out of 50 stocks plummeting by as much as 34%. Analysts believe that the sell-off is driven by foreign institutional investor exits and a conservative outlook on earnings. This decline presents potential opportunities for long-term investors as valuations dip below historical norms.
Rupee rises 7 paise to 95.19 against US dollar in early trade
The rupee appreciated by 7 paise, settling at 95.19 against the US dollar, influenced by a declining dollar. Brent crude's lower trading prices, however, constrained further gains. The dollar index fell by 0.27 percent, reflecting decreased demand. Investors are observing geopolitical developments and domestic equity trends for potential consequences, while the IMF advises greater exchange rate flexibility to tackle energy-related economic challenges.
Rupee rises 3 paise to close at 95.25 against US dollar
The Indian rupee appreciated by 3 paise to reach 95.25 against the US dollar. It started the day at 95.20 but hit an intra-day low of 95.38. Positive domestic market trends and declining crude oil prices helped stabilize the currency. Analysts expect the rupee to face pressure due to a strong dollar and hawkish Federal Reserve signals. The dollar index rose slightly, while Brent crude oil prices were down.
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Jio makes its D-Street debut: What it means for Reliance Industries investors and the road ahead
Jio Platforms’ stock market debut has brought its standalone valuation into focus, raising questions about value unlocking for Reliance Industries shareholders. Analysts weigh the outlook for Jio and RIL, the holding-company discount, and the growth drivers shaping their investment cases.
Rupee rises 4 paise to 95.03 against US dollar in early trade
In early trade, the rupee appreciated by 4 paise to 95.03 against the US dollar amid persistent pressures. Forex traders cited strong dollar influence and elevated Brent crude oil prices, which were near USD 115 per barrel. Analysts expect the rupee to continue facing challenges amid macroeconomic factors and await RBI interventions. Investors are keenly observing the FOMC decision and any guidance from the Fed Chair.
Rupee falls 5 paise to 94.98 against US dollar in early trade
In early trading, the rupee was priced at 94.98 against the US dollar, slipping by 5 paise primarily due to high crude oil rates and ongoing geopolitical conflicts. Despite the dollar index facing a slight decline of 0.15 percent, India's forex reserves have seen a downturn, potentially affecting the currency's stability. However, the Reserve Bank of India's timely intervention might bolster the rupee at lower trading levels.
Nifty rally faces crucial test at key resistance levels: Analysts
Nifty gained 3% last week, forming a higher-top and higher-bottom structure, indicating bullish sentiment. Analysts suggest it must breach key resistance levels for more substantial gains ahead. Meanwhile, Bank Nifty is approaching significant resistance, which may hinder further upside potential shortly. Key stocks like Coforge, Kotak Bank, and Indian Hotels present buying opportunities based on technical analysis.
Gold price, silver rate suffer weekly losses. Check latest gold rate predictions
Gold rate, silver price were up on Friday but both precious metals were jolted by weekly losses.
Rupee rises 20 paise to 94.79 against US dollar in early trade
The rupee reached 94.79 against the US dollar following structural forex interventions by the Reserve Bank of India. Elevated crude oil prices and declining equity markets limited the currency's gains. The dollar index decreased by 0.54 per cent, reflecting the dollar's weakened strength. While US retail sales exceeded forecasts, the Producer Price Index was unexpectedly high. Foreign Institutional Investors also offloaded significant equities on Thursday, impacting domestic market performance.
ETMarkets Smart Talk| ‘Desi to Videsi’: How GIFT City is changing the way Indians invest globally — Mustafa Pardiwala
GIFT City is emerging as a gateway for Indian investors seeking global diversification, offering access to US stocks, ETFs and sectors such as AI and semiconductors. Mustafa Pardiwala of Mirae Asset Capital Markets (IFSC) explains how investors can start with smaller amounts, the role of ETFs, currency risk and fractional investing.
Nifty outlook: Can the index defend the crucial 23,000 level?
The Nifty index has extended its losing streak, testing key support levels. Recent recovery indicates demand, but the broader trend remains under pressure. Experts suggest specific options strategies and stock picks for the week. Several stocks like Sona Com, Auro Pharma, and PhysicsWallah are recommended for buying. Trading strategies focus on potential bounces and retracements in the market.
ETMarkets Smart Talk | From Anthropic to SpaceX: Mehul Vora on AI valuations, IPO hype and investor risks
The excitement around AI and high-profile IPOs is undeniable—but the bigger question is whether valuations are being driven by current business economics or expectations of what these companies could become five or ten years from now.
Rupee slumps 38 paise to close at 95.92 against US dollar
The rupee fell 38 paise to close at 95.92 against the US dollar on Tuesday. Escalating Middle East conflict and soaring Brent crude oil prices weighed on the currency. Surging dollar demand from oil importers raised inflation and trade balance concerns. Domestic markets weakened, while global treasury yields and a strong dollar dented sentiment. India's forex reserves, however, reached a record high of USD 785.706 billion.
Rupee plunges 34 paise to 95.08 against dollar as crude prices surpass USD 100 mark
The rupee fell by 34 paise, settling at 95.08 against the US dollar, amid rising crude oil prices that have breached USD 100 per barrel, raising inflation fears. The depreciation was fueled by sluggish equity markets and foreign institutional investor sell-offs. Additionally, escalating tensions in West Asia contributed to Brent crude futures surpassing USD 100, indicating a continued bearish trend for the local currency.
Rupee rises 2 paise to close at 94.49 against US dollar
The Indian rupee has risen by two paise, closing at 94.49 against the US dollar, buoyed by positive foreign investments and an increased appetite for risk. However, the rising prices of crude oil and ongoing US-Iran tensions may hinder further appreciation. With this, the rupee has marked six sessions of consecutive gains, prompting traders to keep an eye on US non-farm payroll data for upcoming market trends.
Rupee rises 14 paise to close at 94.59 against US dollar
Thursday marked the fifth consecutive day of appreciation for the Indian rupee, which increased by fourteen paise, closing at 94.59 against the US dollar. This positive shift was largely due to substantial inflows from foreign currency deposits, with a remarkable total of USD 127.23 billion raised through enhanced central bank programs. Meanwhile, the domestic equity markets faced a downturn during the session.
Buy, Sell or Hold: Morgan Stanley remains overweight on Bharat Forge; Mirae Asset Sharekhan recommends buy on DEE Development Engineers
Brokerages remain positive on select stocks following Q1 FY27 earnings, with Morgan Stanley retaining an Overweight rating on Bharat Forge and raising its target, while Goldman Sachs maintained a Buy on Info Edge. Mirae Asset Sharekhan also retained a Positive view on DEE Development Engineers, citing strong order inflows, a healthy order book and robust growth prospects.
Demand Revival: IT services firms log 26% jump in Q2 deal wins
Analysts see deal momentum strengthening as clients step up AI spending over next two years.
Rupee falls 28 paise to close at 88.13 against US dollar
The rupee weakened to 88.13 against the US dollar due to a hawkish Federal Reserve stance and a stronger dollar. The Fed's rate cut outlook, worries over potential US tariffs, and continuous foreign fund outflows pressured the rupee.
Stocks to buy today: Mirae Asset Sharekhan sees over 30% upside in Saregama India
Mirae Asset Sharekhan remains optimistic about Saregama India, highlighting its content investment strategy and shift towards becoming an entertainment IP company, which strengthens its long-term resilience.
Stocks to buy today: IndusInd Bank gets a downgrade; Antique sees 26% upside in Coromandel International
Mirae Asset Sharekhan has revised its rating for IndusInd Bank from Buy to Hold, highlighting concerns about management stability, regulatory scrutiny, and possible losses from its derivative portfolio.
Stocks to buy today: Mirae Asset Sharekhan sees 14-17% upside in Polycab India & APL Apollo Tubes
Brokerage firms have a positive outlook on several companies for 2025. Citi maintains a "Buy" on UltraTech Cement, Mirae Asset Sharekhan recommends "Buy" on Polycab India, and APL Apollo Tubes is also rated a "Buy" by Mirae Asset. These stocks are expected to benefit from strong growth, strategic expansions, and favorable market trends in the coming year.
Stocks to buy today: Mirae Asset Sharekhan sees up to 40% upside in Bajaj Finserv
Investec maintains a "Buy" on Medplus Health Services, targeting Rs 940, citing growth plans and strong generics adoption. Mirae Asset Sharekhan upgrades Bajaj Finserv with a target of Rs 2,350, focusing on AI, profitable growth, and structural market opportunities. Hem Securities also recommends a "Buy" on Parag Milk, targeting Rs 255, driven by strong earnings, distribution, and value-added products.
Mirae Asset Financial Group completes acquisition of Sharekhan
Mirae Asset has completed the acquisition of Sharekhan. This will enable Sharekhan to leverage Mirae Asset's global expertise to enhance its offerings and expand its reach. The acquisition aligns with Mirae Asset's vision of establishing a strong presence in India's retail brokerage market.
Mirae Asset acquires Sharekhan for ₹3,000 crore
In 2016, BNP Paribas had acquired Sharekhan from a clutch of private equity firms, including Citi Venture Capital International (CVCi), Baring Asia Private Equity and Samara Capital, for ₹2,100 crore. "BNP Paribas wants to focus mainly on the banking business. They had earlier exited the mutual fund and wealth management businesses also," said the second person quoted above.
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