ICICI Securities has issued a buy call on PTC Industries, targeting a price of Rs 20,070. With a market price of Rs 10,280, PTC s revenue is projected to grow significantly due to capacity ramp-up and strategic acquisitions. The stock is currently trading at relatively inexpensive levels with promising earnings growth.

An uptrend signal is indicated when the RSI value crosses above 50 from below.

A White Marubozu is a bullish candlestick pattern in technical analysis.

Even though FIIs have pulled out a record amount in Rs 2.1 trillion since October 2024, DIIs have stepped in with even higher investments (Rs 3.2 trillion), keeping the market from falling sharply.

U.S. stocks declined on Tuesday as trade tensions heightened with President Trump s new tariffs on imports from Canada, Mexico, and China. The Nasdaq Composite neared correction territory, while financials and industrials stocks saw significant losses. The Dow dropped 670 points, and the S&P 500 fell 71 points, with market volatility rising amid concerns over economic growth.

Gold prices fell slightly on Wednesday, influenced by rising U.S. Treasury yields and concerns over the impact of President Trump s tariffs on inflation and global trade. The tariffs have led to trade tensions with China and Canada, prompting retaliatory measures. Investors are closely watching economic data and Federal Reserve s monetary policy decisions for further direction.

The euro surged to a nearly four-month high as Germany s political parties agreed on a significant debt overhaul to revive the economy. Amid volatile global currency trading due to new U.S. tariffs, the euro benefited from increased defense spending optimism while the U.S. dollar weakened.

Shreenath Paper Products IPO saw a lukewarm response, with shares set to list on the BSE SME platform. The IPO, mainly backed by retail investors, was subscribed over 1.5 times. Proceeds of Rs 23 crore will be used for working capital and corporate purposes. The company provides a variety of paper products used across multiple industries.

Ajay Srivastava anticipates a gradual recovery for Indian markets amidst ongoing economic uncertainties, noting particular resilience in hospitality, aviation, and pharmaceuticals sectors. However, he warns of significant distress in the automobile, auto ancillary, and real estate sectors, urging investors to maintain perspective and patience.