Edelweiss AMC s CIO-Equities, Trideep Bhattacharya, suggests markets are at fair value, awaiting earnings upgrades. He anticipates consumption recovery and government capex to drive future growth. Long-term themes include brand creation, market share gains via AI and mobile commerce, and disruption from data and alternative energy. Midcaps show strong growth potential despite valuation concerns.

Mehul Colours is set to launch its Rs 21.66 crore IPO on the BSE SME platform today, offering 30.08 lakh equity shares at Rs 68-72 per share. The IPO proceeds will fund a new manufacturing facility, working capital, and general corporate expenses. The subscription window closes on August 1, with shares expected to debut on August 6.

Takyon Networks is set to launch its Initial Public Offering today. The IPO aims to raise Rs 20.48 crore. The offer will be available on the Bombay Stock Exchange SME platform. The IPO window will remain open until August 1. The company provides IT infrastructure and system integration services. Allotment finalization is expected on August 4.

National Securities Depository Limited s IPO is set to open soon. The IPO aims to raise Rs 4,012 crore through an offer for sale. The price band is fixed between Rs 760 and Rs 800 per share. The IPO will remain open for subscription for a few days. Listing on Bombay Stock Exchange is expected shortly.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

The growing U.S. debt and fiscal deficits are sparking de-dollarisation conversations, potentially benefiting emerging markets like India. While immediate outflows from U.S. bonds are limited, long-term implications could reshape investor sentiment. Increased U.S. debt may lead to elevated yields and steeper yield curves globally, influencing bond issuance strategies.

George Thomas of Quantum AMC suggests that despite market volatility and cautious FIIs, opportunities exist in private sector banks, insurance, and AI-driven IT. He notes IPO valuations are full and advises valuation-consciousness, especially in small and midcaps. Domestic flows and earnings recovery support market performance, with SIPs indicating a shift in retail investor behavior towards long-term orientation.

NRIs are increasingly investing in Indian mutual funds, driven by emotional connections, belief in India s growth story, and long-term financial goals. While taxation and regulations pose challenges, digitalization and government initiatives are making investments easier. Equities remain the preferred asset class, reflecting a conviction in India s economic potential, with fixed income playing a complementary role for diversification.

Midcap IT companies are facing a downturn, mirroring the struggles of their largecap counterparts. Q1 earnings revealed topline misses and cash flow issues, exacerbated by cautious client spending and project delays. While some analysts remain optimistic, concerns persist about valuations and the lack of a clear earnings upgrade cycle, leading to a mixed outlook for the sector.

Markets regulator Sebi imposed a penalty of Rs 10 lakh on Rupesh Satish Dalal HUF for insider trading in the scrips of HDFC and HDFC Bank ahead of the April 2022 merger announcement.