Shiv Chanani sees midcaps, smallcaps, and consumption as long-term structural opportunities, backed by India s growth, resilience to global tariffs, justified valuations, strategic cash deployment, and disciplined portfolio building.

Indian benchmark indices experienced a sharp decline on Thursday, primarily driven by losses in IT stocks following disappointing Q1 results and a subdued global outlook. The Nifty IT index led sectoral losses, with stocks like Coforge and Persistent Systems plummeting. Market sentiment was further dampened by Donald Trump s unexpected visit to the Federal Reserve and uncertainty surrounding a U.S.

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.

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