August proved volatile for PMS funds, with several small and midcap strategies logging steep losses—Valcreate’s Lifesciences fund plunged 10.19%. Yet, a few portfolios like Wallfort’s Avenue Fund and Valcreate’s Digital Disruption strategy posted modest gains, highlighting sharp performance divergence.Read More
Indian indices closed with modest gains as auto and IT weakness capped momentum. OFSS slid, Waaree Energies hit Rs 1 lakh crore m-cap, Jupiter Wagons and Aurobindo Pharma rallied, while BSE declined.Read More
JP Morgan raised Eternal’s price target to Rs 390 from Rs 310, maintaining an “Overweight” stance. The upgrade reflects Blinkit’s accelerating growth, national footprint expansion, strong service levels, and superior customer acquisition, prioritizing market share and long-term growth durability over near-term profits.Read More
European stocks saw a slight increase. Investors are waiting for the European Central Bank’s policy decision. They also await the U.S. inflation data. Defence stocks are up due to geopolitical tensions. The ECB is expected to maintain current interest rates. France’s equities face a downgrade. Kering delays Valentino purchase. Covestro rose after ADNOC addresses EU...Read More
Indian markets remain resilient despite global uncertainty, with Vinit Sambre highlighting emerging profit pools in semiconductors, energy transition, and healthcare. He sees these sectors as sustainable growth drivers, even amid high valuations and potential short-term volatility.Read More
The rupee’s breach of 88 is sentiment-driven, not fundamental, says YES Securities. Strong FX reserves, low CAD, robust services exports, and RBI support are likely to stabilise INR in the 86.5–88 range unless tariffs or geopolitical tensions escalate further.Read More
The Indian rupee plummeted to a record low against the U.S. dollar due to the impact of U.S. tariffs, eroding investor confidence and making the rupee vulnerable. Foreign investors have withdrawn billions from Indian markets, exacerbating the currency’s decline.Read More
Indian markets are seeing sector rotations as investors weigh optimism from GST cuts and reforms against profit-taking. While autos and consumer stocks have surged 20–30%, near-term volatility is expected, though structural growth prospects remain positive.Read More
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