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Dipan Mehta urges caution despite early signs of market rebound

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Dipan Mehta urges caution despite early signs of market rebound
A tentative rebound in the markets over the past two sessions has offered some relief to investors, but the bigger question remains—can the recovery sustain?

“Keep your fingers crossed. If there was to be a retracement, a turnaround, a correction, it generally starts like this and then it should gather momentum and it should be trying to build on these gains,” said Dipan Mehta, Director, Elixir Equities in an interview to ET Now, while cautioning that multiple external factors still need to align. He added, “But one should keep a lookout for what the news flow is and of course, the oil prices, and if those kind of settle down, the markets can gradually make a recovery.”

Despite the early signs of stability, Mehta underscored the difficulty in calling a definitive market bottom. “I have been in this situation many times and it is very difficult to call when the bottom is formed and when is the right time to buy and when the recovery will take place, it is just that only a few weeks after it is over and done with you will come to know.” He emphasized that a structural shift in market patterns—from lower tops and bottoms to higher ones—would be the real confirmation of a sustained uptrend.

Pharma: Resilience Beyond Regulatory Noise

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On Aurobindo Pharma, recent observations flagged under Form 483 are not seen as a major red flag. Mehta noted that large pharmaceutical companies today operate with diversified manufacturing bases, reducing dependence on a single facility.

“So, I do not think it is much of a cause for concern. More Aurobindo is driven more by good quarterly numbers, overall improvement in sentiment for pharma considering that it is a safe bet in such tumultuous times,” he said. He also highlighted tailwinds such as rupee depreciation and emerging opportunities in weight-loss drugs, alongside improved capital allocation discipline.
Auto Sector: Strong Long-Term Story, Near-Term Moderation
While early indicators point to a slowdown in passenger vehicle retail demand, Mehta believes this is largely a base-effect phenomenon rather than a structural issue.
“These kind of volumes are not really sustainable but nonetheless they are great long-term buys,” he said, expressing preference for companies with strong competitive moats and strategic clarity. Among his top picks are Mahindra & Mahindra and Eicher Motors, both of which feature in his model portfolio.
“Eicher Motors… one of the top auto companies, great prospects to generate growth through exports,” he said, adding that the segment faces limited disruption from electric vehicles. He also sees potential in commercial vehicle makers like Ashok Leyland and Tata Motors, anticipating a cyclical upswing.

However, he advised tempering expectations. “Investors should remain overweight auto but they should reduce their return expectations because these kind of growth rates are not sustainable.”

Real Estate: From Speculation to Cash Flow Discipline
A notable shift is underway in the real estate sector, with companies increasingly focusing on cash flows, realizations, and operational transparency.

“They are like truly consumer companies now and less and less like hedge funds,” Mehta observed, highlighting improved disclosures and business quality. He remains structurally positive, pointing to a potential multi-year upcycle, even if the near term sees some cooling.

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Among preferred names are DLF and Prestige, particularly for their annuity income streams. He also flagged interest in commercial real estate plays such as WeWork and Awfis, alongside Phoenix Mills, given tight supply dynamics in office spaces.

Varun Beverages: Summer Tailwind in Focus
On Varun Beverages, Mehta remains optimistic, driven largely by weather expectations.

“What is going to drive Varun Beverages is a very-very hot summer,” he said, citing forecasts of a strong El Niño effect. “Last year was a washout because of untimely rains and not so hot summer, so I am very positive from that point of view.”

Beyond seasonal demand, he pointed to growth opportunities in Africa and diversification into new segments, including potential foray into alcohol beverages. Still, he stressed that volume growth remains the key driver.

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Banking: Structural Pressures and Shifting Preferences
Mehta struck a cautious note on the banking sector, citing intensifying competition and structural headwinds.

“The banking industry is quickly becoming a red ocean and I am not sure that the industry will be able to sustain these kind of net interest margins in the medium to long term,” he said. He also pointed to rising competition from fintechs and capital markets drawing away savings.

While acknowledging that PSU banks offer value, he prefers NBFCs as a cleaner play on the lending theme. “The way to play the lending business is in my opinion through the NBFCs,” he said, naming Bajaj Finance, L&T Finance, and Cholamandalam as preferred bets.

He added that high banking sector weightage in benchmark indices itself poses a risk. “37% of Nifty’s weightage is in the bank which in itself is a risk factor… it cannot be sustained over a long period of time.”

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Metals: Rally Mature, Caution Warranted
Metal stocks have delivered strong gains, aided by rising commodity prices and a weaker rupee. However, Mehta believes the easy money may have already been made.

“I think that we have seen a nice rally in metal companies… but look these companies have rallied significantly,” he said, suggesting that investors already holding positions may stay invested, but fresh entries should be timed carefully.

He warned that elevated prices across aluminium, copper, and steel could limit further upside in the near term. “From a fresh investment perspective I would wait for a down cycle.”

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Builders FirstSource Stock: Nice To Build A Position While It’s Cheap (NYSE:BLDR)

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Builders FirstSource Stock: Nice To Build A Position While It's Cheap (NYSE:BLDR)

This article was written by

I have been working in the logistics sector for almost two decades. I have been into stock investing and macroeconomic analysis for almost a decade. Currently, I focus on ASEAN and NYSE/NASDAQ Stocks, particularly in banks, telco, logistics, and hotels. Since 2014, I have been trading on the PH stock market. I focus on banking, telco, and retail sectors. A colleague encouraged me to engage in the stock market as part of my portfolio diversification instead of putting all my savings in banks and properties. That was also the year when insurance companies became very popular in the PH. Initially, I invested in popular blue-chip companies. Now, I have investments across different industries and market cap sizes. There are stocks I hold for my retirement, while others are purely for trading profits. In 2020, I also entered the US Market. It was about a year after I discovered Seeking Alpha. Originally, I was using the trading account of NY CA-based cousin. Somehow, I acted like his personal broker. That made me more aware of the US market before deciding to open my own account. I decided to write for Seeking Alpha to share and gain more knowledge since I have been trading on the US market for only four years. Like in the ASEAN market, I have holdings in US banks, hotels, shipping, and logistics companies. I discovered it in 2018. Since then, I have been using the analyses here to compare them to the ones I’m doing in the PH Market.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Have the 30 hours of funded childcare brought down costs for parents?

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Have the 30 hours of funded childcare brought down costs for parents?

Free childcare support for working parents varies across the UK, depending on the child’s age.

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Hints, Answer and Strategies for Puzzle #1733 on March 18, 2026

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Nancy Guthrie

NEW YORK — The New York Times Wordle puzzle for Wednesday, March 18, 2026 — game No. 1733 — challenged players with a moderately difficult adverb that tests vocabulary depth and strategic guessing. Released at midnight local time, today’s five-letter word drew an average of 4.6 guesses from NYT testers, marking it as tougher than recent entries but far from the game’s most brutal outings.

Wordle puzzle
Wordle puzzle

Wordle, the daily brain-teaser acquired by The New York Times in 2022, continues to captivate millions worldwide. Players get six attempts to identify a secret five-letter word, with color-coded feedback: green for correct letter and position, yellow for correct letter in the wrong spot, and gray for absent letters. The puzzle resets daily, encouraging streaks and community sharing of grids via emoji squares.

For March 18’s edition, the answer is **AMPLY**, an adverb meaning “fully,” “sufficiently,” “liberally” or “in abundance.” It derives from “ample,” signifying more than enough quantity or degree. The word features one vowel (A) upfront, no repeats, and uncommon consonants like P, L and Y — factors that contributed to its moderate challenge level.

### Spoiler-Free Hints to Guide Your Solve
If you’re still working on today’s puzzle or want tips for similar future ones without immediate spoilers, here are progressive clues compiled from player reports and official NYT data:

1. The word is an adverb describing sufficiency or generosity in amount.
2. It starts with a vowel and ends with a consonant (specifically Y).
3. No letters repeat; all five are unique.
4. The fourth letter is L, a helpful mid-word anchor once discovered.
5. Common synonyms include “plentifully,” “abundantly” or “generously.”
6. It often appears in phrases like “amply supplied” or “amply rewarded.”

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These hints narrow options without revealing too much. Starting words like SLATE, CRANE or PLATE (popular among pros) frequently eliminate multiple vowels and consonants early. Today’s puzzle rewarded vowel-heavy openers, as the A appeared in position one.

### Full Breakdown and Solution (Spoilers Ahead)
Today’s Wordle answer: **AMPLY**.

– Position 1: A (green early if guessed correctly).
– Positions 2-3: M and P (often yellow initially from words like “maple” or “ample”).
– Position 4: L (a frequent pivot point).
– Position 5: Y (the tricky finisher, as many overlook adverbial Y-endings).

The NYT WordleBot rated it moderately challenging, with average solvers needing about 4-5 guesses. Hard mode players (who must reuse revealed letters) often took longer due to the word’s rarity in everyday speech compared to nouns or verbs.

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Community feedback on platforms like Reddit’s r/wordle described mixed experiences: some nailed it in three guesses after early PLATE or MAPLE attempts, while others burned through attempts on near-misses like “AMPLE” (missing the adverb form) or “APPLY.” No major trap words dominated discussions, though “AMPLY” evaded casual players expecting more common vocabulary.

### Why This Puzzle Stood Out
“AMPLY” represents a classic Wordle archetype: an uncommon but valid English word that rewards broad lexicon knowledge. Unlike recent puzzles heavy on concrete nouns, this adverb demanded thinking beyond basics. It follows yesterday’s answer (CLASP, March 17), continuing a pattern of varied difficulty in mid-March 2026.

The NYT has kept Wordle ad-free and accessible via nytimes.com/games/wordle or the NYT Games app. No major rule changes have occurred since launch, though features like WordleBot analysis and archive access remain popular for post-solve review.

### Tips to Boost Your Wordle Game Long-Term
– Prioritize starters with high-frequency letters (A, E, R, S, T, L).
– Track eliminated letters meticulously.
– Use second guesses to test new vowels and common consonants.
– Avoid rare words early; save them for later slots.
– Practice with variants like Quordle or Worldle for pattern recognition.

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For March 18 solvers who preserved their streak, congratulations — “AMPLY” tested patience without frustration. Tomorrow’s puzzle awaits at midnight. Share your grid (🟩🟨⬛ format) in comments or on social media to compare paths.

As Wordle enters its fifth year of global play, puzzles like #1733 remind fans why the simple format endures: a daily dose of logic, language and just-right challenge.

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Ex-shire executive charged with stealing, fraud

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Ex-shire executive charged with stealing, fraud

A former council deputy chief executive has been accused of stealing and attempting to gain thousands of dollars through fraud and deceit.

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Bentley Motors confirms 275 job losses at Crewe factory as workers left ‘stunned’

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Business Live

Luxury car maker says it ‘remains strongly committed to Crewe’

Inside Bentley's plant in Crewe, Cheshire

Inside Bentley’s plant in Crewe (Image: Steve Morgan)

Workers at luxury car maker Bentley have been left ‘stunned’ after the company confirmed its intention to cut hundreds of jobs. Union officials said the cuts have ‘come out of the blue’, citing contributing factors such as ‘Trump’s tariffs’ and the continued impact of the covid lockdowns.

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Despite recording an operating profit of £186m in 2025, and a seventh consecutive year of profitability, the company said it planned to cut 275 roles, around 6% of its workforce, by cutting up to 150 staff and not filling vacant positions.

The GMB said Bentley had experienced a 40% year-on-year drop in profits, with GMB organiser Karen Lewis adding: “These cuts have come out of the blue and the workforce is stunned.

“Trump’s tariffs’ have hit Bentley hard and the company is still feeling the affects of the covid lockdown.

“GMB will stand side by side with members in Bentley to ensure the minimum redundancies and the maximum pay outs.”

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Bentley said it remains committed to UK manufacturing,, reports the Liverpool Echo. It confirmed that work continues on the transformation of its Pyms Lane factory, including the ongoing conversion of the site’s oldest building, which will become the future electric vehicle assembly line.

A spokesperson for Bentley said: “Bentley has delivered a seventh consecutive year of profitability while continuing to invest significantly in the transformation of our Pyms Lane site for the next generation of Bentley vehicles, including our first fully electric model.

“As part of ensuring the business remains competitive and prepared for the future, we have begun a consultation programme covering management, agency and non-manufacturing roles, which could result in up to 275 positions being removed from the organisational structure, which equates to approximately six per cent of the organisation.

“These are difficult decisions and our priority is to support any colleagues who may be affected throughout the consultation process.

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“Bentley remains strongly committed to Crewe and continues to invest in the long-term future of luxury car manufacturing at our Pyms Lane site.”

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Last minute save for Modco liquidators’ legal action

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Last minute save for Modco liquidators’ legal action

A legal action by Modco liquidators will progress after a 10-month delay, after a successful eleventh-hour bid to continue the dispute in the Federal Court.

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Iran strikes Tel Aviv with cluster warheads in retaliation for killing of security chief

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Iran strikes Tel Aviv with cluster warheads in retaliation for killing of security chief


Iran strikes Tel Aviv with cluster warheads in retaliation for killing of security chief

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EFG Holding reports 2025 net profit of EGP4.1 billion

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EFG Holding reports 2025 net profit of EGP4.1 billion

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45 Days Later, FBI Pursues DNA Leads in Abduction of Savannah Guthrie’s Mother

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Savannah Guthrie & Nancy Guthrie

TUCSON, Ariz. — More than six weeks after 84-year-old Nancy Guthrie vanished from her home in an affluent Tucson suburb, the investigation into her suspected abduction remains active but without a breakthrough arrest. Pima County Sheriff’s Office and FBI agents continue to analyze evidence, including a mixed DNA sample from the scene and additional surveillance images recovered from her residence, as the case enters its seventh week on March 18, 2026.

Savannah Guthrie & Nancy Guthrie
Savannah Guthrie & Nancy Guthrie

Nancy Guthrie, mother of NBC “Today” show co-anchor Savannah Guthrie, was last seen at her Catalina Foothills home on the evening of Jan. 31, 2026. Family members dropped her off around 9:30 p.m. local time after dinner. She failed to appear at church the next morning, Feb. 1, prompting a welfare check that escalated into a full-scale missing person probe.

Authorities quickly classified the disappearance as an abduction. Drops of blood believed to be hers were found on the front porch. Her doorbell camera was tampered with or disconnected around 1:47 a.m. on Feb. 1, and footage released by the FBI shows a masked, armed individual at the doorstep that night. Investigators believe she was taken against her will in the middle of the night, possibly while in bed. She left behind her cellphone, medications she requires daily for health conditions, and other essentials — factors that heightened concerns for her well-being early on.

The FBI joined the case immediately, establishing a dedicated tip line (1-800-CALL-FBI) and offering an initial $50,000 reward for information leading to her recovery or an arrest. In late February, the Guthrie family announced a separate $1 million reward, payable only upon Nancy’s safe recovery and consistent with FBI guidelines. Savannah Guthrie, her siblings Annie and Camron, and other relatives have made emotional public appeals via social media videos, pleading for tips and insisting “someone knows how to find our mom and bring her home.”

As of mid-March, no ransom has been confirmed paid, despite early speculation about demands. Pima County Sheriff Chris Nanos has said investigators have a theory on motive and believe the home was targeted, though he stopped short of confirming it definitively. He has not ruled out the possibility the perpetrator could strike again. Family members have been cleared as suspects.

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Recent developments include FBI recovery of additional thumbnail images from home security cameras showing people in the yard area before the abduction — but nothing overtly suspicious, sources told outlets including ABC News and CBS News. The images are low-resolution and lack full video. Officials expressed hope in a DNA sample recovered from the scene, describing it as a potential breakthrough for identifying the suspect.

Tip volume surged initially but has tapered, per FBI statements. Investigators have focused on two dates in late January — Jan. 11 and Jan. 24 — and questioned neighbors about nearby construction crews or unusual activity. Experts note the case’s challenges: abductions of elderly individuals are rare (less than 0.2% of reported U.S. kidnappings involve those in their 80s), and the victim’s age complicates survival odds after prolonged captivity without medication.

The disappearance has drawn intense national attention due to Savannah Guthrie’s prominence. Media coverage has included timelines, expert panels on motive theories (ranging from targeted theft to more sinister possibilities), and comparisons to other unsolved cases. Public speculation on forums and social media has ranged from hopeful calls for her return to grim assessments of the odds.

Authorities emphasize the investigation’s ongoing nature. No arrests have been made, and Nancy’s whereabouts remain unknown. Officials urge anyone with information — even seemingly minor details — to contact the FBI anonymously. The family continues to hold out for her safe return while grappling with what experts call “ambiguous loss,” the prolonged grief of uncertainty.

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As Day 46 approaches, the search for Nancy Guthrie stands as a stark reminder of vulnerability even in secure neighborhoods. With forensic leads still under review and a substantial reward outstanding, investigators and loved ones alike cling to hope amid the silence.

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At Close of Business podcast March 18 2026

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At Close of Business podcast March 18 2026

Justin Fris and Mark Beyer discuss Business News’ recent junior miners magazine feature.

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