Krishna Sanghavi discusses market uncertainties, highlighting the importance of finalized tariffs for Indian growth, especially regarding the U.S. market. While BFSI and consumption sectors appear promising, the IT sector faces challenges due to U.S. economic uncertainties. FII behavior reflects global reallocation, but tariff clarity could improve India s attractiveness.

Nischal Maheshwari highlights positive growth in the power sector s transmission and distribution (T&D) due to solar power adoption and rising power consumption, necessitating infrastructure upgrades. He also notes IndusInd Bank s significant fundraising, potentially strengthening its capital base amidst management changes. Maheshwari favors NBFCs over banks in the short term due to declining interest rates and niche lending.

Shares of IEX plunged 26% after CERC approved market coupling in the day-ahead segment, threatening its monopoly in price discovery. Analysts advise caution amid oversold signals, regulatory uncertainty, and weak technicals. Key support lies at Rs 120–150. A wait-and-watch approach is recommended for fresh investors.

The IPO of IndiQube Spaces was subscribed 1.39 times by midday on Day 2, with strong retail participation at 5.08x. The Rs 700-crore issue has a price band of Rs 225–237 per share. In the grey market, shares were quoting at a Rs 17–18 premium. Proceeds will fund new centres, repay borrowings, and support general corporate needs.

Tokenisation is gaining traction as big banks and regulators embrace blockchain-based financial assets. While stablecoins lead the charge with rapid growth, tokenised stocks and bonds face adoption hurdles. Still, rising institutional interest and regulatory clarity signal a potential shift in the future of finance.

Manas Jaiswal from Manas Jaiswal Technical Research gives his view on the indices. He is cautious on Nifty but bullish on Bank Nifty. He suggests accumulating Bank Nifty on dips with a stop loss. Jaiswal recommends exiting IEX and suggests Jindal Steel and Eternal for buying. He also picks Tata Steel as a good long-term investment in the metal space.

Grip Invest has introduced Infinite, a reinvestment product designed to streamline fixed-income investments. This auto-SIP feature reinvests monthly bond payouts into curated mutual funds, potentially boosting returns by up to 30%. Grip Invest addresses the challenges of manual tracking and idle returns, particularly benefiting retail investors with smaller payouts, and aims to enhance compounding and prevent value erosion.

European shares rose to a six-week high on Thursday, buoyed by optimism over a potential EU-U.S. trade agreement and upbeat corporate results, as investors awaited the European Central Bank s rate decision later in the day.

Shares of Indian Energy Exchange (IEX) tanked 26% on Thursday, logging their worst intraday single-day performance since listing in 2017. The stock is on track for its seventh consecutive session of losses, extending the declines to 33% in this period.