Ventura's October 9 market update highlighted a sharp rise in FII selling, with ₹12,943.6 crore of outflows on October 8, while DII buying provided only partial support. Nifty touched a fresh 52-week low of 22,180, with elevated crude, rupee weakness and high G-sec yields adding to the pressure on domestic equities.

Vinit Bolinjkar of Ventura expects Indian equities to remain cautious as investors track global bond yields, crude prices and the upcoming earnings season. He favours a stock-specific approach focused on strong balance sheets and earnings visibility, with broader market direction depending on whether crude and global yields ease.

Despite the Nifty falling around 5% during the September quarter, Vinit Bolinjkar of Ventura expects the impact on AMC earnings to be lower than the headline market decline suggests. Since AMC revenues are linked to average AUM rather than quarter-end levels, the relatively higher average AUM could provide some support, although weakness in equity-oriented schemes may weigh on blended revenue yields.

Ventura's October 8 update noted a negative opening setup, with US markets and Gift Nifty ending lower and market breadth remaining weak. Metal stocks led sectoral declines, while IT and pharma also came under pressure; Nifty options showed peak Call OI at 22,200 and Put OI at 23,000.

Ventura's October 8 market update highlighted a weak market setup following the RBI's 25-basis-point repo rate hike and shift to a calibrated tightening stance. Persistent FII selling, a weaker rupee and elevated bond yields remain key concerns, while Nifty support is seen at 22,500–22,400 and resistance at 23,000.

Vinit Bolinjkar of Ventura cautions that a sharp fall in an SME stock is not, by itself, a reason to average down. He suggests considering the health of the business, cash flows, debt, governance and whether the original investment thesis still holds before adding to a losing position.

Juzer Gabajiwala of Ventura says investors should look at overall equity allocation before rebalancing. If small-cap exposure is high, investors can consider stopping their small-cap SIP and redirecting future investments towards flexicap or large-cap funds, while considering taxation and investment horizon before redeeming existing holdings.

Ventura's October 7 update highlighted a 0.98% rise in the Nifty and broad-based gains across mid- and small-caps, while DII buying continued to cushion persistent FII outflows. The RBI MPC decision, weaker rupee and elevated crude prices remained key factors for the market outlook.

Vinit Bolinjkar of Ventura expects continued market volatility, with the rupee, crude prices and the RBI's rate stance acting as key swing factors. He sees banks, auto and realty in focus around the policy decision, while PSU banks, defence and renewables could show relative resilience.

Ahead of the RBI policy outcome, Vinit Bolinjkar of Ventura said a rate hike could weigh on banks, auto and realty in the short term but may support the rupee and ease FII outflow pressure. He expects the RBI's forward guidance and tone on future rate action to be the bigger driver for bonds and markets.

N S Ramaswamy of Ventura noted that increased Middle East crude exports and signs of recovering flows have recently eased extreme price spikes. However, elevated crude remains a concern for India, with higher oil prices adding to fuel, logistics and freight costs and potentially complicating the inflation and interest-rate outlook.

Ventura's Vinit Bolinjkar expects October to remain volatile and range-bound until Q2 earnings offer greater direction. He pointed to easing crude prices and moderation in FII selling as key factors that could support a festive recovery.

Vinit Bolinjkar of Ventura said the RBI faces a finely balanced policy decision, with markets largely expecting a 25-basis-point hike. He expects rate-sensitive sectors such as banks, auto and realty to remain in focus, while the policy stance and guidance could determine the next market move.

Vinit Bolinjkar expects October to remain volatile and range-bound until Q2 earnings provide direction, following September's sharp decline and continued FII selling. He identified easing crude prices and lower FII selling as key triggers that could support a festive-season recovery.

Vinit Bolinjkar of Ventura expects a repo rate hike to pressure banks, auto and realty stocks in the short term, while potentially supporting the rupee and easing FII outflow pressure. For bonds, he sees the RBI's forward guidance and future rate path as more important than the hike itself.

Following the October 5 market recovery, Vinit Bolinjkar of Ventura said elevated US bond yields and persistent FII selling remain key overhangs. He expects continued volatility, with the rupee, crude prices and RBI's stance likely to shape the broader market direction.

As the Sensex and Nifty recovered on October 5, Vinit Bolinjkar of Ventura said elevated US bond yields and persistent FII selling remained key overhangs. He expects continued volatility, with the rupee, crude prices and RBI's rate stance likely to influence market direction.

Vinit Bolinjkar of Ventura sees potential for a tactical recovery in October if crude prices and US yields ease, FII selling moderates and earnings remain supportive. However, he noted that a sustainable rally would depend on earnings delivery and improving global liquidity conditions.

Ventura has assigned a subscribe rating to the ₹178 crore Vishal Nirmiti IPO. The brokerage highlighted the company's 32-year group heritage, manufacturing facilities across multiple states and execution capabilities supported by ISO accreditations and automated technologies.

Ventura's September 30 update noted mixed overnight global markets and a negative Gift Nifty indication, pointing to a cautious start for Indian equities. Nifty options showed Call and Put open interest peaking at 22,700, while several mid- and small-cap indices remained under pressure.

Vinit Bolinjkar of Ventura said September's sharp sell-off was driven by high US bond yields, a strong dollar, FII selling and higher crude prices. He also pointed to weaker domestic indicators and liquidity being absorbed by the heavy IPO pipeline as additional pressures on equities.

Vinit Bolinjkar of Ventura has a hold view on Titan, citing its strong long-term jewellery franchise but limited near-term upside at current levels. He suggested that existing investors hold their positions, while fresh buying could be considered in tranches on meaningful corrections.

Vinit Bolinjkar expects near-term volatility but remains constructive on the Nifty's medium-term outlook, with 23,000 as an immediate support and 23,800–24,000 as resistance. He stressed the importance of business quality, valuations and diversification over chasing recent momentum.

Ventura's September 29 market update highlighted a 1.56% fall in the Nifty amid broad-based selling and intensified FII outflows. The report also covered sectoral weakness, F&O positioning and developments across Kalpataru Projects International, Dilip Buildcon, Man Infraconstruction, NCC and Anupam Rasayan India.

Vinit Bolinjkar of Ventura attributed the recent weakness in IT valuations to slowing global growth, high interest rates and delayed technology spending. He noted that AI-led transformation could create near-term revenue pressure, even as the sector's longer-term prospects remain supported by enterprise AI, cloud and cybersecurity demand.

Ventura's September 29 update highlighted declines across US markets and a negative Gift Nifty indication, alongside weak breadth in Indian markets. The report also tracked Nifty, Sensex and Bank Nifty options positioning and sector performance.

Kalyan Jewellers gained about 2.5%, supported by strong Q1 FY27 performance, with consolidated revenue, EBITDA and PAT rising 38%, 25% and 32%, respectively. Ventura's Vinit Bolinjkar noted the improving sentiment, while margin compression, gold prices and rupee volatility remain key risks.

N S Ramaswamy of Ventura said the recent correction in gold followed a sharp rise in US Treasury yields and renewed expectations of Fed tightening. He sees COMEX Gold resistance at $4,260 and $4,350, with support at $4,130, $4,050 and $4,000.

N S Ramaswamy of Ventura expects gold and silver to remain under pressure amid elevated Treasury yields, inflation concerns and expectations of further Fed tightening. For MCX Gold December, he sees resistance at ₹1,51,000 and support at ₹1,48,000, ₹1,45,000 and ₹1,40,000.

N S Ramaswamy of Ventura said renewed concerns over Middle East supply disruptions have pushed Brent crude back above $106 a barrel. He sees resistance at $108–109 and support at $104, $101 and $97 for Brent crude.

N S Ramaswamy of Ventura pointed to uncertainty around the Strait of Hormuz and elevated regional tensions as key factors supporting crude prices. He expects war-related developments to remain important for the near-term direction of crude oil.

N S Ramaswamy of Ventura highlighted renewed concerns over prolonged Middle East supply disruptions as Brent crude moved above $106 a barrel. He sees immediate resistance at $108–109, with a sustained break potentially opening the way towards $112 and $115.

Vinit Bolinjkar of Ventura said Reliance’s recent weakness reflects concerns around crude volatility, O2C margins, capital spending and free cash flow. For investors with a multi-year horizon, he sees the recent weakness as an opportunity to build a position gradually, while favouring buying in tranches.

Ventura’s September 28 market report highlighted positive global cues, a 0.39% gain in Gift Nifty and positive NSE breadth. The report also covered index options positioning, sector performance and securities under the F&O ban.

Ventura’s September 28 market update highlighted continued FII selling, DII buying and positive sectoral breadth. The update also covered F&O positioning and developments at Rashtriya Chemicals & Fertilizers, Welspun Corp, JSW Energy, Prestige Estates Projects and Aequs.

SRIT India’s ₹218 crore IPO is open for subscription from September 28–30 at a price band of ₹123–130 per share. Ventura has assigned a neutral rating to the issue, noting the company’s execution of large-scale technology projects across government and enterprise clients.

Shah Investor's Home IPO is priced at ₹159–167 per share, with the ₹90 crore issue open from September 28–30. Ventura has a neutral view on the issue, with the company operating across brokerage, financial product distribution and investment solutions.

N S Ramaswamy of Ventura said renewed concerns over Middle East supply disruptions and uncertainty around the Strait of Hormuz are keeping a geopolitical risk premium in crude prices. He expects crude to remain sensitive to developments in the US-Iran standoff, with Brent resistance at $108–109.

N S Ramaswamy of Ventura expects gold to remain range-bound to mildly bearish if the dollar and bond yields stay firm. He sees COMEX Gold support at $4,200–4,250 and resistance at $4,360–4,450, while MCX Gold support stands at ₹1.49–1.50 lakh.

N S Ramaswamy of Ventura expects gold to remain sensitive to US inflation data, Treasury yields, Fed commentary and developments in West Asia. He sees the near-term trend as slightly bearish, with MCX Gold December facing resistance at ₹1,51,000 and support at ₹1,48,000.

Amid Monday’s market sell-off, N S Ramaswamy of Ventura highlighted renewed concerns over Middle East supply disruptions and rising crude prices. He sees immediate resistance for Brent crude at $108–109, with a sustained breakout potentially opening the way towards $112–115.

N S Ramaswamy of Ventura attributed the sharp correction in gold and silver to rising US Treasury yields, a stronger dollar, higher crude prices and expectations of further Fed tightening. He expects the near-term trend for gold to remain slightly bearish.

Ventura expects a marginally positive opening supported by stronger global cues and improved market breadth. DII buying remained strong at ₹3,617.8 crore despite continued FII selling.

As the NSE IPO opened with 42% subscription on Day 1, Ventura analysts highlighted the exchange's loss of market share in index options, an important business segment, to BSE.

Vinit Bolinjkar said rising inflation, elevated wholesale prices and higher bond yields have made conditions less supportive for rate cuts, leaving limited room for the RBI ahead of its October policy meeting.

Vinit Bolinjkar said higher US rates could narrow the India-US interest rate differential, putting pressure on the rupee and reducing foreign investor interest in Indian bonds.

Ventura was among the brokerages recommending subscription to the NSE IPO, which is structured as an offer for sale by existing shareholders.

Ventura expects a negative opening following mixed global cues, while continued FII selling contrasts with strong DII buying. Domestic institutional participation remains a source of market support.

Vinit Bolinjkar said rising inflation, elevated wholesale prices, higher bond yields and the Fed's return to rate hikes have made conditions less supportive for further RBI rate cuts. He expects a more cautious policy stance.

Ventura was among the brokerages recommending subscription to the NSE IPO as the exchange compares with global peers on market position, scale and operating performance.

Ventura was among the brokerages recommending subscription to the NSE IPO. The article highlights NSE's dominant market position and strong financial profile alongside its other structural strengths.

Ventura analysts pointed to NSE's loss of market share in index options, an important segment of its business, as a factor investors should consider while assessing the IPO.

Ventura was among the brokerages recommending subscription to the Hero Motors IPO, which was 3.37 times subscribed by Day 2. The issue comprises a fresh issue of ₹600 crore and an offer for sale of ₹400 crore.

Vinit Bolinjkar said a potential US rate hike could strengthen the dollar, raise global bond yields and tighten financial conditions, creating pressure on emerging-market currencies and capital flows.

Ventura highlighted NSE's dominant market position, with high market shares across cash equities and equity derivatives, alongside strong operating profitability supporting its valuation premium to global exchange peers.

Vinit Bolinjkar said a higher US rate environment could narrow the India-US rate differential, putting pressure on the rupee and reducing foreign investor interest in Indian bonds. He also noted that rising inflation leaves less room for RBI rate cuts.

Ventura's market update pointed to broad-based selling and continued FII outflows, while DII buying remained supportive. Nifty IT was the only major sector to outperform during the session.

Vinit Bolinjkar said a US rate hike could strengthen the dollar, push global bond yields higher and tighten financial conditions, putting emerging-market currencies and capital flows under pressure.

Vinit Bolinjkar said the IT sector is moving from expansion-led growth towards greater scrutiny of AI investments and returns. Companies successfully integrating AI into enterprise workflows could stand out, while legacy delivery models may face margin pressure.

Ventura expects a marginally positive opening despite weak global cues, while continued FII selling and weak market breadth point to cautious sentiment. Strong DII buying could provide some downside support.

Vinit Bolinjkar noted that FII selling remained cautious while DII buying provided liquidity support. He expects markets to remain range-bound in the near term, with sustained FII re-entry and continued DII buying potentially supporting the next move higher.

According to Vinit Bolinjkar, global technology spending remains intact but is shifting towards AI infrastructure, with investors increasingly focusing on returns from AI investments and companies that can translate AI into enterprise outcomes.

Vinit Bolinjkar said elevated crude prices, volatile US rate expectations and risk-off flows could keep markets volatile in the near term, while resilient domestic fundamentals support the medium-term outlook.

Ventura expects a marginally positive opening, with Gift Nifty higher and domestic breadth improving, while continued DII buying provided support despite sustained FII selling.

NSE’s declining share in index options remains a factor to watch as the exchange navigates changes to expiry rules and higher transaction taxes.

Vinit Bolinjkar, Head of Research at Ventura, said rising inflation, elevated wholesale prices and higher bond yields have made conditions less supportive for further rate cuts, leaving limited room for the RBI ahead of its October policy meeting.

A narrower India-US interest rate differential could keep pressure on the rupee and reduce foreign investor interest, according to Vinit Bolinjkar, Head of Research at Ventura.

Ventura was among brokerages recommending subscription to the NSE IPO, citing the exchange’s strong market position and operating strengths.

Ventura highlighted a 0.61% decline in Gift Nifty and continued FII selling, while strong DII buying provided support to domestic markets.

With inflation and bond yields rising and global rates moving higher, Ventura expects the RBI to maintain the status quo while adopting a more cautious stance.

Ventura was among brokerages recommending subscription to the NSE IPO, while the article highlights its strong market share and operating performance relative to global exchanges.

The brokerage was positive on the NSE issue as it highlighted the exchange’s dominant position, strong competitive moat and high operating margins.

The brokerage pointed to NSE’s declining share in index options as a key factor to watch amid changes to weekly expiries and higher transaction taxes.

Ventura was among the brokerages recommending subscription to the Hero Motors IPO. The issue comprises a ₹600 crore fresh issue and ₹400 crore OFS, with proceeds also earmarked for capacity expansion.

Vinit Bolinjkar, Head of Research at Ventura, said NSE’s dominant market share and strong operating economics support a premium valuation, with the exchange holding 92.99% of cash-market turnover, 99.79% of equity-futures turnover and 74.71% of equity-options premium turnover in FY26.

Head of Research at Ventura, Vinit Bolinjkar, said a potential Fed rate hike could strengthen the dollar, raise global bond yields and tighten financial conditions, putting pressure on emerging-market currencies and capital flows.

Vinit Bolinjkar, Head of Research, Ventura, said a US rate hike could strengthen the dollar, raise global bond yields and put pressure on the rupee and foreign investor flows into India.

Ventura says strong DII buying continued to provide support despite sustained FII outflows and broad-based pressure across major sectors.

Vinit Bolinjkar, Head of Research at Ventura, said a US rate hike could strengthen the dollar, push global bond yields higher and tighten financial conditions, putting pressure on emerging-market currencies and capital flows.

Ventura's Head of Reseasrch, Vinit Bolinjkar, said the global technology spending base remains intact, but the shift towards AI infrastructure and greater scrutiny of returns could lead to a more selective IT market.

The daily update from Ventura pointed to continued FII selling and strong DII buying, with metals among the key sectoral drags.

With crude prices, US rate expectations and risk-off flows keeping FII positioning cautious, Ventura expects markets to remain volatile and range-bound in the near term.

Vinit Bolinjkar, Head of Research at Ventura said global technology spending remains intact but is shifting towards AI infrastructure, with investors increasingly separating companies that can monetise AI from those exposed to legacy delivery models.

Despite resilient domestic macro fundamentals and steady earnings growth, Ventura expects markets to remain range-bound until sustained FII re-entry and continued DII buying provide a stronger trigger.

Ventura pointed to NSE’s technology capabilities, including its ability to process 21.9 billion peak order messages in a single day and 201 million trades on March 24, 2026. The brokerage also flagged government dependency and execution risks as key monitorables.

Juzer Gabajiwala of Ventura said the strong inflows into small- and mid-cap funds in August suggest investors are willing to take on more risk rather than opting for safer investment avenues.

Vinit Bolinjkar of Ventura said fresh escalation in West Asia could disrupt supply chains and delay deliveries, while elevated transportation costs and a stronger dollar may add to pressure on metal stocks in the near term.

Ventura expects Indian markets to open lower amid weak global cues, while persistent DII buying could provide some downside support. The report highlights 24,000 as Nifty resistance and 23,000 as a key Put OI level amid continued oil, currency and interest-rate risks.

Ventura has given a ‘Subscribe’ rating to Manika Plastech, citing its established manufacturing operations, diverse industrial customer base and planned ₹58.77 crore capex to expand capacity and enter new products.

N.S. Ramaswamy of Ventura said intensified US-Iran military action and threats to global crude flows have heightened oil supply anxiety, bringing the geopolitical risk premium back into the market.

N.S. Ramaswamy of Ventura said renewed US-Iran escalation and disruption through the Strait of Hormuz could keep a geopolitical premium embedded in crude. He warned that triple-digit oil prices could pressure import bills, current accounts, currencies and fiscal positions.

Ventura has recommended a ‘Subscribe’ rating for Prasol Chemicals, citing the company’s proven financial track record and growth trajectory.

Ventura expects Indian markets to open lower, with weak global cues, negative breadth and rising volatility weighing on sentiment. The report highlights 24,000 as Nifty resistance and 23,000 as a key Put OI level.

N.S. Ramaswamy of Ventura said intensified US-Iran tensions and threats to global crude flows have brought the geopolitical risk premium back into oil prices. He added that any progress on ceasefire agreements or reopening the Strait of Hormuz could quickly reverse the premium and trigger a sharp correction in crude.

Vinit Bolinjkar of Ventura said the agrochemical sector is showing early signs of stabilisation, but a durable recovery will depend on restocking and a sustained improvement in volumes. For IT, he expects near-term pressure from cautious technology spending and AI-led disruption, while the long-term outlook remains robust.

Ventura expects Indian markets to open lower amid weak global cues, with Nifty facing resistance around 24,000 and support from Put OI at 23,000. Mixed institutional flows, weak market breadth and higher volatility point to cautious sentiment.

Vinit Bolinjkar of Ventura said the strong first-day demand indicates that the market is backing Rentomojo’s growth story. He also noted that the IPO could set the benchmark valuation for India’s furniture rental segment, which has no listed peers.

Ventura has recommended a ‘Subscribe’ rating for Steamhouse India’s IPO, citing its strong operating cash flow of ₹100.46 crore as of March 31, 2026, which could support the company’s planned capacity expansion.

Vinit Bolinjkar of Ventura said Paytm’s launch of its enterprise AI platform marks a shift beyond its core payments business and could add a new high-margin B2B revenue stream. He added that the company’s improving profitability and core business growth make it a reasonable investment case for investors comfortable with fintech.

N.S. Ramaswamy of Ventura said the return of triple-digit crude prices could increase import bills, widen current-account deficits and put pressure on currencies and fiscal positions as geopolitical risks intensify.

N.S. Ramaswamy of Ventura said intensified US-Iran military action has heightened concerns over oil supply, with geopolitical risk premiums returning to the market. He warned that triple-digit crude prices could pressure import bills, current accounts, currencies and fiscal positions.

Ventura’s September 9 market update highlighted a negative opening bias for Indian markets, with US indices and Gift Nifty ending lower. The report also pointed to negative market breadth and key options open-interest levels across Nifty, Sensex and Bank Nifty.

Vinit Bolinjkar of Ventura said the strong subscription on the first day indicates market backing for Rentomojo’s growth story. He also noted that, with no listed peers in India, the IPO could set the benchmark valuation for the furniture rental segment.

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.

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%.