Nuvama Wealth Management is currently involved in negotiations for a stake sale, with PAG seeking an exit after five years of investment, but the deal is facing challenges due to valuation disagreements.

Nuvama expressed a more cautious outlook, highlighting that while the supply-side oil shock is fading, demand risks are building, and they expect further consensus earnings downgrades against an optimistic growth forecast for FY27 for BSE500 companies.

A new report from Nuvama indicates a significant shift in India's housing market, highlighting that while the total housing sales value increased by 17% year-on-year, the number of homes sold only rose by 6%, suggesting that luxury housing is the primary driver of growth rather than mass demand.