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Market expert Joshi praises TCSs outstanding financial performance, expecting a stock re-rating. Anticipates positive sector impact and growth in BFSI, energy, manufacturing, life sciences, and healthcare industries based on TCSs stellar results.

Nifty Metal led the losses, falling around 1 percent. Nifty Pharma, Infra and IT indices were also trading with losses. On the flipside, gains in Nifty PSU Bank, Auto, Bank, Energy and FMCG indices capped losses for the headline indices.

“While we did not expect any major announcements in this budget, the lower fiscal deficit coupled with higher capex outlay will aid continued momentum of India growth story. Both of these moves are enablers for a pickup in the private capex cycle,” says Ashish Gupta, CIO, Axis Mutual Fund

“There is a lot of value that the Street is probably giving to both these elements of businesses as well. For Jio, the equity value is probably coming out anywhere between Rs 725 to 775 on a standalone basis. For Reliance Retail, anywhere between Rs 1,250-1,350. So there is a broad construct in terms of the expected SOTP valuations within the entire group itself.”

“The untapped opportunity that Mukesh Ambani was speaking about probably exists and there are competition pressures in existence. A low-cost digital offering can probably ensure that consumers transition faster onto the platform. The tie-up with BlackRock on the asset management business and probably entering life insurance business. I am pretty sure the Jio Financial management will probably come out with a very elaborate presentation”

The Qatar Investment Authority is set to invest $1 billion in Reliance Retail Ventures, valuing the company at $100 billion. This is a significant increase from its previous valuation of $43 billion in 2020. The investment reflects the growth and potential of Reliance Retail Ventures, which has seen an increase in its customer base and operates through an integrated offline and online network. The deal is seen as a positive development for Reliance Industries and highlights the strength of its r...

From India’s perspective, Hemant, with experience of more than 15 years in fund management industry, says equities look attractive after 18 months of consolidation and valuation converging with long term averages.

To choose the best performing mutual fund to invest in, a variety of criteria must be taken into account, including benchmarks for funds, the performance of the chosen funds relative to other funds of a similar category, historical returns, ratios, profile of the fund managers, and more.

Other factors that would influence trading are global market trends, movement of the rupee and crude oil

Over the last week, the 30-share BSE benchmark jumped 1,498.02 points or 2.67 per cent. Bulls continued to dominate domestic markets during the last week amidst positive global cues, analysts said.