- Bloodbath in Asian markets: Over US$1 trillion was wiped out in a few hours as AI and tech valuation concerns intensified. South Korea’s KOSPI down -8.2%, wiping out over ₩500,200,000,000,000 ($340 billion). Japan’s NIKKEI down -4.5%, wiping out over ¥52,500,000,000,000 ($355 BILLION). China’s SSE down -2.15%, wiping out over ¥1,645,000,000,000 ($229 BILLION). Taiwan’s stock market down -3%, erasing NT$132,000,000,000,000 ($127 BILLION). Every asset driven by hype and euphoria eventually faces a reality check. Experts believe knowing when not to invest may become as important as knowing when to invest. Stay away from FOMO.
- Silver touched an all-time high of around Rs.4.22 lakh amid extreme optimism before correcting to nearly Rs.2 lakh, while 24-carat gold declined around 30% from Rs.1.93 lakh to nearly Rs.1.41 lakh. A similar euphoria was later witnessed in AI stocks and global markets. Always remember, every hype, every euphoria and every greed cycle eventually ends badly.
- Large trade: ABSL Umbrella UCITS Fund Plc India Frontline Equity Fund bought 20 lakh shares of JTL Industries at Rs.72 per share.
- Big fancy is being reported in the Twinkle Papers IPO as per grey market reports. The IPO opens on 29th June to fund capacity expansion.
- Big positive for investors and bulls. Goldman Sachs has raised India’s FY27 GDP growth forecast to 6.5% and lowered its inflation estimate to 4.9% from 5.1%.
- As per market grapevine, stocks to watch include Atlanta Electricals, Anant Raj, Eco Recycling, Finolex Industries (Finpipe), HSCL, Huhtamaki India, IOLCP, JTL Industries, Prince Pipes, Rajesh Power, RBL Bank, Shri Bajrang Alliance, Somi Conveyor Beltings, Univastu, VA Tech WABAG, Vodafone Idea, Wanbury and Yes Bank. For the time being, avoid trading large caps and focus on fundamentally strong mid- and small-cap growth stocks available at attractive valuations with an optimistic Q1FY27 outlook.
