Vinit Bolinjkar of Ventura sees Karamtara Engineering and Rentomojo as the more attractive options, with Karamtara standing out for its established profitability and Rentomojo offering higher growth potential for investors with greater risk appetite.

Ventura is positive on the LCC Projects IPO and recommends subscribing, citing strong order book, healthy earnings growth and reasonable valuations. Key risks include dependence on government projects, higher debt and concentration across segments, customers and geographies.

Ventura is among the brokerages recommending investors Subscribe to the Steamhouse India IPO. The ₹414 crore issue is backed by the company’s differentiated industrial gas business, healthy financial performance and planned capacity expansion, while key risks include its rich valuation, geographic concentration and debt burden.

Ventura has recommended investors Subscribe to the Prasol Chemicals IPO, citing the company’s proven financial track record and growth trajectory. The ₹500 crore issue, priced at ₹643–676 per share, includes a ₹80 crore fresh issue and ₹420 crore OFS.

NSE’s subsidiaries turning profitable is a positive development, according to Vinit Bolinjkar, though he does not expect any of them to become as large as the core exchange business.

Ventura has a Subscribe rating on Kanohar Electricals, citing its strong presence across power transmission, railway electrification, renewable energy and distribution. The brokerage also highlighted the company’s significant improvement in financial performance over the past three years.

Ventura expects Indian markets to open cautiously, with Gift Nifty down 0.12% and Nifty options showing key Call OI at 24,000 and Put OI at 23,500. Market breadth remained weak, while sector performance was mixed, with Microcap and Smallcap indices marginally positive.

Ventura has initiated coverage on Sammaan Capital with a Buy rating and a target price of ₹377.70, implying a potential upside of 140%. Ventura expects the lender’s advances and AUM to grow at around 38% and 34% CAGR, respectively, through FY29, supported by its shift towards a retail-focused franchise, improving operating leverage and lower funding costs.

Ventura’s September 7 market update indicates a positive opening for Indian markets, supported by a 0.32% rise in Gift Nifty and positive domestic market breadth. Nifty options show Call OI at 24,000 and Put OI at 23,900, while sectoral performance remained mixed.

Ventura’s Vinit Bolinjkar said much of the commodity optimism is already reflected in metal equities, making stock selection and entry valuations critical. He prefers Hindustan Zinc for zinc and silver exposure, Hindalco for diversified aluminium and copper exposure, and NALCO as a higher-beta aluminium play.

Ventura’s market update points to a positive opening for Indian markets, supported by strong global cues and a 0.55% gain in Gift Nifty. While FIIs/FPI remained net sellers at ₹2,345.9 crore, strong DII buying of ₹4,977.5 crore and positive market breadth provided support.

Ventura expects Indian markets to open positively, supported by gains in global markets and a 0.54% rise in Gift Nifty, despite negative domestic breadth. Options data indicates Nifty resistance at 24,200, while Bank Nifty shows heavy ATM congestion around 57,500.

Ventura’s report highlights an improvement in Park Medi World’s blended ARPOB to ₹30,040 from ₹26,206, alongside a 440-bps YoY increase in super-speciality revenue contribution to 61.7%. It also notes that hospitals operating above 60% occupancy deliver significantly higher EBITDA margins, with Mohali’s margins improving to around 26%.

Dividend-paying stocks can offer a natural price cushion during market sell-offs as falling prices push yields higher and attract value-focused investors. Ventura’s Vinit Bolinjkar noted that dividend stocks have historically outperformed major indices during downturns, particularly on total returns.

Strong bed additions, healthy occupancy and improving margins are expected to drive Park Medi World’s next phase of growth. Ventura retained its ‘BUY’ rating and raised the 24-month target price to ₹406 from ₹284.

Indian markets remained under pressure, with the Nifty 50 declining 0.10% and broader indices witnessing sharper losses. While IT, FMCG and Oil & Gas outperformed, selling pressure persisted across healthcare, auto, financial services and banking sectors.

Park Medi World’s expansion plans, healthy occupancy and improving operating performance support Ventura's positive outlook. The brokerage retained its ‘BUY’ rating and raised the 24-month target price from ₹286 to ₹406.

Indian markets remained under pressure as the Nifty 50 declined 0.4%, while heavy FII selling weighed on sentiment. Private banks, healthcare and pharma gained, even as metals and FMCG faced sharper declines.

Rays of Belief’s expanding centre network, integrated service model and US presence strengthen its growth outlook. Ventura recommends subscribing, while identifying high employee costs, rising receivables and operating cash burn as key risks.

Deepa Jewellers offers strong growth, with sharp increases in FY26 revenue and PAT, alongside robust return ratios and improving leverage. Ventura recommends subscribing, while highlighting customer and geographic concentration, outsourced manufacturing and working-capital needs as key risks.

Ventura recommends subscribing to Augmont Enterprises, citing its integrated precious-metals ecosystem, strong bullion network, refining capabilities and technology-led platform. Key risks include gold-price volatility,

Indian markets remained under pressure, with Nifty and Sensex declining amid negative market breadth. Options data showed key open interest around 24,300 Calls and 24,000 Puts, keeping these levels in focus.

Gold’s sharp rally could face volatility and corrections, with a hawkish Fed and higher real yields posing key risks. Ventura’s NS Ramaswamy recommends partial profit booking and rebalancing if gold exceeds 15% of the portfolio.

Ventura said Tejas Networks’ ₹1,537-crore order from TCS, which exceeds the company’s FY26 revenue, is financially significant and positive for the stock in the short to medium term. The order involves supplying radio access network equipment for 18,685 BSNL 4G sites, with investors now awaiting details on the execution timeline.

Mixed global cues point to a mildly negative start, while positive market breadth offers some support. Ventura expects Nifty to remain rangebound, with 24,200 as key support and 24,500 as resistance.

Strong DII buying continues to cushion market weakness, while Ventura sees the Nifty trading in a narrow range between 24,200 and 24,500.

Ventura’s Juzer Gabajiwala said low-equity hybrid SIF strategies can potentially earn 1–2% more than deposits or debt funds while offering greater tax efficiency. He noted that these strategies could complement fixed-income allocations for investors seeking relatively higher returns with tax benefits.

Tax efficiency and flexible strategies are driving interest in hybrid SIFs, with Ventura highlighting their potential to outperform deposits and debt funds by 1–2%.

Improving investor sentiment and strong domestic liquidity are driving the recent IPO revival, while Ventura expects the momentum to remain supported by a stronger pipeline of quality companies.

A stronger IPO pipeline and supportive domestic liquidity could sustain fundraising momentum, while Ventura expects investors to remain selective, with valuations, earnings visibility and cash-flow quality driving IPO performance.

Jindal Stainless’ near-term challenges could ease as operations normalise, while Ventura sees the DGTR anti-dumping probe as a key catalyst for a sustained re-rating. For Hindustan Zinc, stable silver prices and supportive zinc prices could aid a recovery.

High leverage, frequent trading and elevated transaction costs continue to weigh on retail F&O outcomes. Ventura highlights disciplined risk management, controlled position sizing and avoiding excessive leverage as key ways to limit losses.

Mixed market breadth remains a key concern despite supportive global cues, with Ventura highlighting 24,350 Call and 24,300 Put levels as important Nifty option zones.

Strong FII and DII buying continues to support Indian equities, while Ventura expects a mildly positive opening amid supportive global cues and mixed broader-market breadth.

Strong investor demand and Augmont’s integrated precious-metals ecosystem support the IPO outlook, while Ventura highlights gold-price volatility, working-capital needs and inventory management as key risks.

Mixed global cues and subdued options sentiment point to a cautious market setup, with Nifty PCR at 0.69, according to Ventura.

Indian equities may open on a mildly cautious note, with mixed global cues and sectoral rotation keeping sentiment subdued, according to Ventura.

Augmont’s integrated business model, refining capabilities and technology-led platforms support its IPO outlook, while working-capital needs, inventory management and precious-metal price volatility remain key risks, according to Ventura.

Attractive valuation, strong regional presence and planned store expansion support Lalithaa Jewellery Mart’s growth outlook, according to Ventura.

Ventura remains positive on Tempsens Instruments, citing its niche positioning, strong growth profile and expanding business opportunities.

Tempsens Instruments IPO was subscribed 51x on the final day, with a ₹330 GMP indicating strong listing expectations. The brokerage remains positive, citing its niche business and growth potential.

Supportive market breadth and gains across small-cap indices point to healthy domestic participation, even as Gift Nifty signals a mildly negative opening. Ventura’s options data places Nifty resistance at 24,300 and support around 24,000.

Strong DII buying of ₹2,124 crore and supportive market breadth are helping cushion ₹543 crore of FII selling. Ventura expects a mildly cautious opening despite positive US market cues.

Tempsens Instruments has received strong demand across investor categories, while Ventura maintains a ‘Subscribe’ view. The company’s specialised thermal engineering and cable solutions offer exposure to India’s industrial expansion.

Nifty’s immediate resistance stands at 24,288–24,325, while options data shows maximum Call OI at 24,300 and Put OI at 24,000. Ventura’s derivatives setup points to a closely watched trading range.

Skyways’ EBITDA rose from ₹49.5 crore to ₹128.7 crore between FY24 and FY26, while PAT increased to ₹41 crore. Ventura’s positive view is supported by the company’s expanding logistics operations and improving margins.

Strong credit growth, healthy asset quality and reasonable valuations are supporting private banks, according to Ventura’s Vinit Bolinjkar. He believes the sector offers a buying opportunity for investors with a 2–3 year horizon, with HDFC Bank among his preferred picks.

Augmont’s presence across bullion trading, refining, manufacturing and digital gold provides multiple growth avenues, supporting Ventura’s positive view on the IPO.

Tempsens Instruments is positioned to benefit from India’s manufacturing expansion and rising industrial automation, with its technical capabilities offering a competitive edge. Ventura maintains a positive view on the IPO.

Indian equities saw broader participation, with the NSE advance-decline ratio improving to 2,106:1,402 and the Nifty Smallcap 100 gaining 0.68%. IT, FMCG and financial services were among the key sectoral outperformers.

Augmont’s presence across bullion trading, refining, manufacturing and digital gold gives it multiple growth avenues, according to Ventura. The brokerage maintains a ‘Subscribe’ rating, while flagging high working capital needs, inventory management and intense competition.

Rising renewable adoption among commercial and industrial users, along with data-centre and AI demand, could support CleanMax’s expansion, according to Ventura. The brokerage sees competitive power costs and a growing contracted portfolio as key advantages.

Clearer cash recovery, a lower regulatory risk premium and favourable power-sector tailwinds are the key drivers identified by Ventura’s Vinit Bolinjkar. He sees the ruling as a strong fundamental catalyst, with revised compensation and cash payout timelines now in focus.

Ventura’s Juzer Gabajiwala notes that investments in small-cap funds have crossed ₹7,500 crore, with mid-cap funds also gaining traction. More than half of total inflows are now moving towards mid- and small-cap segments, highlighting a clear change in investor preference.

Strong DII inflows of ₹3,974 crore continue to support domestic equities, helping cushion volatility despite elevated crude prices and mixed global cues. Ventura expects a marginally positive opening.

Options data points to 24,500 as the key Call OI level for Nifty, while 24,000 holds the highest Put OI. Ventura’s analysis indicates a cautious setup amid mixed global cues.

Q1 FY27 earnings outperformance among mid- and small-cap companies points to improving business activity, but Ventura’s Vinit Bolinjkar cautions against treating the trend as a broad-based earnings boom. He expects the next phase to be driven more by revenue-led earnings upgrades than favourable base effects or margin expansion.

Ventura highlights mixed sectoral performance and weak market breadth, even as FII and DII buying remains supportive. IT remained the key drag, while Auto, Healthcare and Oil & Gas outperformed.

Ventura believes Gaja Capital has built a strong position in India’s alternative asset management space, supported by its investment track record and institutional investor base. However, performance-linked earnings, promoter dependence and investor concentration remain key risks.

Ventura expects Indian markets to open marginally positive, with Gift Nifty gaining 0.05% despite declines across major US indices. Options data points to resistance at 24,200 on the Nifty, while weak advance-decline ratios indicate continued negative market breadth.

Ventura expects Indian markets to open marginally positive despite weak global cues, with FII/FPI and DII buying providing some support. It sees resistance around 24,200 on the Nifty, while auto, healthcare, oil & gas and pharma outperformed and IT remained the key drag.

Ventura’s Vinit Bolinjkar said Adani is effectively playing India’s growth story through infrastructure, with its businesses offering 20–30 years of visibility. He has maintained a ‘Buy’ rating on Adani Enterprises since 2022, citing the long-term infrastructure cycle as a key earnings driver.

Ventura’s Vinit Bolinjkar said that while Q1 FY27 earnings were better than expected, the improvement has not translated into a broad market rally as investors remain focused on earnings upgrades, valuations and global risks. He expects the next upcycle to depend on FY27–28 earnings upgrades, recovery in consumption and private capex, improved global liquidity and sustained foreign inflows, with markets likely to remain stock-specific until then.

Ventura has given a ‘Subscribe’ rating to the Horizon Industrial Parks IPO, citing its strong 79.16% EBITDA margin and planned debt reduction from ₹2,250 crore of IPO proceeds. However, it flags the company’s history of losses, high finance costs and potential execution delays in its development pipeline as key risks.

Valuation and earnings visibility favour Lalithaa Jewellery Mart over Horizon Industrial Parks, according to Ventura’s Vinit Bolinjkar. While Ventura highlights Lalithaa’s scale and presence in Tier-2 and Tier-3 markets, it remains cautious on Horizon’s losses, debt levels and customer concentration.

Value-added dairy products offer a key growth opportunity, with Ventura’s Vinit Bolinjkar continuing to hold Milky Mist for the long term. He sees the company as one of the few strong businesses in the segment, supported by the growing opportunities in value-added dairy.

India’s infrastructure cycle remains a key growth driver for Adani Enterprises, according to Ventura’s Vinit Bolinjkar. He sees the group’s infrastructure businesses offering 20–30 years of visibility, positioning the company to benefit from India’s long-term infrastructure expansion.

Debt reduction is a key part of the Horizon Industrial Parks IPO story, with Ventura noting that ₹2,250 crore of the proceeds will be used to reduce borrowings. While this could lower the company’s debt-equity ratio, Ventura highlights its history of losses and potential execution delays in the development pipeline as key risks.

India’s infrastructure cycle remains a key growth driver for Adani Enterprises, according to Ventura’s Vinit Bolinjkar. He believes the group’s infrastructure businesses offer 20–30 years of earnings visibility, making the flagship a proxy for India’s infrastructure growth.

Ventura recommends subscribing to the Sunshine Pictures IPO, highlighting its presence across films, web series, television, music and digital content. The brokerage also points to the company’s in-house post-production capabilities and mix of self-financed and co-produced projects.

India’s infrastructure boom continues to underpin the investment case for Adani Enterprises, according to Ventura’s Vinit Bolinjkar. He believes the group’s infrastructure businesses offer long-term earnings visibility, with the company positioned to participate in India’s sustained infrastructure growth.

India's infrastructure expansion remains a key growth driver, with Ventura's Vinit Bolinjkar viewing Adani Enterprises as a proxy for this trend. He highlights the long-term earnings visibility offered by the group's infrastructure businesses, which can extend over 20–30 years.

With West Asia stepping up investments in energy and water infrastructure, Ventura’s Vinit Bolinjkar sees the opportunity for Indian pipe makers as structural rather than purely geopolitical. He sees Welspun as best positioned, while cautioning that geopolitical risks, project delays and rising competition remain key risks.

Strong growth in revenue and profit has strengthened Lalithaa Jewellery Mart’s investment case, according to Ventura. The brokerage highlights its presence across Tier-II and Tier-III markets, high revenue per store and backward integration, while flagging exposure to gold prices, inventory and operating cash flows as key risks.

Weak global cues and negative market breadth point to a cautious start, according to Ventura, with Gift Nifty indicating a marginally negative opening. Weakness across midcaps and smallcaps could keep market sentiment subdued, despite some strength in select microcap stocks.

A large development pipeline and strong institutional backing strengthen Horizon Industrial Parks’ growth prospects, according to Ventura. The brokerage highlights its Grade A portfolio, established customer base and high entry barriers, while noting that finance costs and depreciation continue to weigh on profitability.

Earnings growth is expected to be the key catalyst for Indian equities, according to Vinit Bolinjkar, Head of Research at Ventura. He believes investors should remain selectively constructive, favouring businesses linked to manufacturing, infrastructure, power, defence and financial services, while prioritising strong balance sheets and sustainable cash flows.

India’s expanding e-commerce ecosystem continues to support Shiprocket’s growth prospects, with Ventura recommending the IPO. The brokerage highlights the company’s asset-light model, broad merchant ecosystem and potential from emerging businesses as key positives.

Improved global cues are likely to support a marginally positive opening, with Gift Nifty gaining 0.03% after US markets ended higher, according to Ventura. However, mixed-to-negative market breadth and weakness in the Nifty 50 suggest that gains could remain selective, with midcaps and smallcaps showing relative strength.

The outlook for Indian equities remains positive, with Vinit Bolinjkar of Ventura seeing potential for another 7–8% Nifty upside by year-end if private bank margins, crude prices and auto momentum improve. He favours pharma, healthcare, small finance, auto ancillaries and capital goods, while advising selectivity in legacy IT, consumer durables and construction EPC.

Weak market breadth and a decline in Gift Nifty point to a cautious start for Indian equities, according to Ventura Securities. While select midcap and microcap stocks showed strength, mixed global cues and pressure across smallcaps suggest a stock-specific approach may remain important.

Gold is likely to remain in a consolidation phase, according to NS Ramaswamy of Ventura, with US rates, the dollar and geopolitical developments key to the outlook. He prefers gold over silver for near-term positioning, while seeing a 60–70% gold and 30–40% silver split within a precious-metals allocation.

With input costs rising, FMCG companies may rely on calibrated price increases, premiumisation and cost efficiencies, according to Ventura. The brokerage expects a sharper margin recovery if West Asia tensions ease and commodity prices moderate.

Growth in India’s direct-commerce market and Shiprocket’s expansion into international markets could support its growth, according to Ventura. The brokerage also notes that adjusted EBITDA turned positive in FY26, while concentration in the core business remains a risk.

With both NSE and BSE showing negative breadth, Ventura expects markets to remain selective despite a marginally positive opening indicated by Gift Nifty. Small-cap and mid-cap indices showed relative resilience in the previous session.

Ventura has given Behari Lal Engineering’s IPO a Subscribe rating, pointing to its established position in metal rolls and improving financial performance. The brokerage expects higher-value products and capacity expansion to support profitability over the medium term.

Ventura has given a Subscribe rating for Dhoot Transmission, highlighting its strong FY26 performance, growing EV contribution and focus on premiumisation and electrification. The brokerage also sees opportunities from expansion into battery packs and ADAS, supported by the company’s marquee customer base and diversified business mix.

Ventura has recommended subscribing to the Dhoot Transmission IPO, citing its market position in automotive electrical and electronic components, growing EV exposure and long-term industry opportunities. While brokerages remain broadly positive, customer concentration and the execution of capacity expansion remain key risks to monitor.

Ventura recommends subscribing to the LEAP India IPO, citing its leadership in the asset-pooling space and the long-term growth potential from organised logistics and supply chain adoption. The brokerage’s positive view comes as the IPO trades at a premium valuation, making valuation and execution key factors for investors to monitor.

Ventura has recommended subscribing to the Dhoot Transmission IPO, highlighting its strong position in electric two- and three-wheeler wiring harnesses and rising EV revenue contribution. It values the issue at 44.9x FY26 P/E, while flagging margin compression as a key monitorable alongside customer concentration and expansion execution risks.

Ventura expects Indian markets to open cautiously amid mixed global cues and uneven market breadth. While renewed FII buying and resilience in midcaps provide support, DII selling and weakness in PSU Banks point to a selective market, with investors likely to focus on earnings and stock-specific opportunities.

Ventura has recommended subscribing to the Milky Mist Dairy Food IPO, citing strong growth across its value-added dairy portfolio, leading positions in key categories and the expanding organised dairy market. It also highlighted the company’s relatively high leverage as a key factor for investors to monitor.

Ventura has recommended subscribing to the Molbio Diagnostics IPO, highlighting its Truenat platform, recurring test-kit business, strong FY26 growth and expanding presence in molecular diagnostics. It also flags customer concentration, dependence on TB testing and working-capital requirements as key risks for investors.

Juzer Gabajiwala, Director, Ventura, notes that more than half of equity fund inflows are now being directed towards mid- and small-cap funds, as investors seek alternatives to muted large-cap fund performance. He also points to a cautious stance in debt funds, with flows concentrated in liquid and short-term categories.

Dhoot Transmission’s focus on premiumisation and vehicle electrification could support its growth, according to Ventura Securities. The brokerage highlights its expansion into battery packs and advanced driver assistance systems, alongside a strong customer base and diversified business mix.

Ventura has a ‘Subscribe’ rating on Molbio Diagnostics, highlighting the company’s focus on technology-led healthcare solutions. The brokerage sees potential in its point-of-care diagnostics platform and innovation-led approach to expanding access to healthcare.

Ventura has assigned a ‘Subscribe’ rating to Molbio Diagnostics, highlighting its technology-led point-of-care diagnostics business and growth potential. The positive brokerage view comes as the company attracts strong institutional interest ahead of its IPO.

The proposed framework for authorised persons could significantly raise compliance costs for both APs and brokers, says D P Singh, Head of Compliance at Ventura Securities. He notes that net-worth requirements, deposits and enhanced infrastructure requirements could make it harder for small and mid-sized APs to continue operating.

Vinit Bolinjkar of Ventura attributes HDFC Bank’s underperformance to post-merger funding pressures, a weaker CASA mix and subdued margins. While he remains constructive over the medium term, he expects a meaningful re-rating only after margins bottom out, CASA improves and earnings growth reaccelerates.

Ventura has assigned a ‘Subscribe’ rating to the Ardee Industries IPO. The brokerage views the company’s business prospects and valuation favourably, supporting its positive view on the issue.

Ventura has a ‘Subscribe’ rating on Technocraft Ventures, citing its strong presence in water and wastewater management and exposure to government infrastructure initiatives. The brokerage highlights the company’s ₹1,320.7 crore unexecuted order book, recent project wins and healthy FY26 performance as key positives.

Indian markets may see a cautious start following a weak overnight US session, with Gift Nifty indicating only a marginal gain. Ventura’s update points to mixed domestic breadth, with PSU banks, oil & gas and chemicals gaining while auto, metals and IT remained under pressure.

Ventura has a ‘Subscribe’ rating on LEAP India, citing its strong position in the domestic pallet pooling market and benefits from supply chain formalisation, warehouse automation and ESG adoption. The brokerage also points to strong FY26 revenue growth, improved profitability and debt reduction as key positives for the company.

Vinit Bolinjkar of Ventura says the divergence between Nifty and Sensex closing values is structural, arising from different price-discovery mechanisms at NSE and BSE. He expects the gap to narrow once both exchanges adopt similar mechanisms, while noting that CAS will have a greater impact on derivatives traders and institutional participants.

Indian markets are expected to open on a positive note, with Gift Nifty indicating gains despite mixed overnight global cues. Ventura’s market update also points to broad-based domestic strength, with auto, metal, realty and PSU banking stocks leading sectoral gains.

Newland Labs’ strong positioning in peptides and complex chemistries could support its growth trajectory, according to Vinit Bolinjkar, Head of Research at Ventura. He sees consistent volume growth, margin expansion and improving profitability as key positives for the company.

Strong loan growth, improving deposit trends and healthy balance sheets could support the banking sector’s long-term performance, according to Vinit Bolinjkar, Head of Research at Ventura. He remains bullish on the space and names ICICI Bank, Jana Small Finance Bank, Karur Vysya Bank and City Union Bank among his preferred picks.

The recent recovery in IT stocks may not signal an end to sectoral risks, according to Vinit Bolinjkar, Head of Research at Ventura. He cautions that a broader market correction amid the ongoing dollar de-pegging trade could put renewed pressure on IT stocks.

Vinit Bolinjkar, Head of Research at Ventura, remains positive on Cummins India, citing strong revenue growth and healthy execution despite recent margin pressure. He expects pricing adjustments to help offset cost pressures and support the company’s growth outlook.

On the insurance sector outlook, Ventura's Vinit Bolinjkar maintains a hold view on PB Fintech and prefers traditional insurance players for better risk-reward. He identifies SBI Life as his top insurance pick and remains positive on ICICI Prudential Life and the sector's long-term growth prospects.

With HAL emerging from a consolidation phase, Ventura's Vinit Bolinjkar sees scope for further momentum in the stock. He also believes smaller defence and drone companies could offer opportunities as higher defence spending and faster execution support the sector.

Against a backdrop of resilient domestic growth, Ventura's Vinit Bolinjkar said the RBI's policy continuity remains positive for rate-sensitive sectors such as banking, autos and real estate. He added that improving liquidity and the upcoming festive season could support broader consumption and investment themes.

Commenting on the RBI's latest policy, Ventura's Vinit Bolinjkar said the decision to keep rates unchanged reflects a cautious approach amid global uncertainties. He believes policy continuity, improving liquidity and resilient economic growth provide a favourable backdrop for banking, auto and real estate stocks, while supporting broader consumption and investment themes.

In its latest Daily Market Update, Ventura said improving FII participation, sustained DII buying and healthy market breadth continue to support Indian equities. The brokerage added that positive global cues and strong earnings from select companies are helping maintain a constructive near-term market outlook.

Following the RBI's latest policy decision, Ventura's Vinit Bolinjkar said the central bank's decision to keep rates unchanged reflects a balanced approach amid global uncertainties. He believes policy continuity is supportive for banking, auto and real estate stocks, while improving liquidity and the festive season could strengthen consumption and investment trends.

According to Ventura, crude oil is likely to remain range-bound in the near term, with prices hinging on developments in US-Iran negotiations and the reopening of the Strait of Hormuz. Ventura expects MCX crude to trade between ₹7,200–₹8,600 per barrel and NYMEX WTI between $75–$90 per barrel.

Offering a balanced view, Ventura says the LIC OFS should be approached as a long-term investment rather than a short-term opportunity. While the discounted offer price and improved liquidity are positives, the brokerage recommends investors remain selective, with valuation and investment horizon being the key considerations.

Highlighting the company's strong financial growth, Ventura has assigned a 'Subscribe' rating to the Ardee Industries IPO. The brokerage believes rising demand for organised battery recycling, favourable industry trends and the planned use of IPO proceeds for working capital and debt reduction support its long-term growth outlook, while noting customer concentration and single-facility dependence as key risks.

Against a backdrop of positive US markets, Ventura's Daily Update Report highlighted improving market breadth, strength across IT, banking, cement and auto stocks, and favourable global cues. The report noted that investors will continue to watch institutional activity and technical levels for near-term market direction.

Adding to the positive market sentiment, Ventura's Vinit Bolinjkar said the recent turnaround in foreign capital flows, coupled with sustained domestic institutional buying, has created a strong foundation for Indian equities. He believes these factors have helped establish a solid floor for the market despite ongoing global uncertainties.

In its IPO note, Ventura assigned an 'Apply' rating to MV Electrosystems, citing its strong in-house R&D capabilities, proprietary technology and high entry barriers in the railway segment. The brokerage also highlighted the company's robust order book and long-standing relationship with Indian Railways as key strengths supporting its growth prospects.

Reflecting on the week's market action, Ventura's Vinit Bolinjkar said improving foreign capital flows and sustained domestic institutional buying have strengthened the foundation for Indian equities. He added that while crude oil prices and the rupee warrant close monitoring, the near-term outlook remains constructively bullish, supported by healthy earnings momentum and improving liquidity.

Against the backdrop of mixed global market performance, Ventura expects Indian equities to open on a positive note, supported by Gift Nifty. The brokerage also highlighted balanced derivatives positioning, even as broader market breadth remained weak in the previous session.

Looking ahead, Ventura's Vinit Bolinjkar expects the Nifty to end 2026 in the 26,000–27,000 range, supported by earnings growth despite intermittent volatility. He has also identified 10 long-term stock ideas across sectors, including Ather Energy, JSW Energy, Trent, CG Power and Aurionpro Solutions, based on their growth potential over the next 1–2 years.

In its IPO review, Ventura highlighted Juniper Green Energy's diversified renewable energy portfolio and long-term revenue visibility through government-backed PPAs. The brokerage has recommended subscribing to the issue, while noting leverage, execution and regulatory risks as key factors to monitor.

While weak global markets are expected to keep sentiment cautious, resilient domestic participation continues to provide support for Indian equities. Ventura's market update highlighted strong gains in IT, metals and pharma, with ongoing DII buying helping offset persistent FII outflows.

Highlighting the company's strong financial growth and leadership in India's hospital sector, Ventura has recommended subscribing to the Manipal Health IPO. The brokerage also noted that investors should keep an eye on regulatory risks, regional concentration and talent retention challenges.

Rather than waiting for ideal market conditions, companies are tapping strong domestic liquidity and supportive valuations to raise capital, according to Ventura. The brokerage expects fundraising activity to remain healthy, with investor focus increasingly shifting towards valuation discipline and fundamentally strong businesses.

Despite weak overall market breadth in the previous session, Gift Nifty points to a positive start for Indian equities. Ventura's daily market update highlighted strength in realty and auto stocks, while private banks, PSU banks and chemicals remained under pressure.

A mixed overnight performance in US markets is likely to keep Indian equities under pressure at the open, with Gift Nifty indicating a softer start. Ventura's daily market update also pointed to balanced market breadth, while weakness persisted across oil & gas, metals, pharma, private banks and realty stocks.