Nifty’s bullish trend continues, prompting ‘buy on dips’ recommendations amidst GST implementation and H1B visa concerns. Experts suggest Suzlon, Sun Pharmaceutical, JSW Steel, and Axis Bank for short-term gains based on technical analysis. For longer-term investments, Jindal Saw, Venus Pipes, and Bharat Dynamics are highlighted due to attractive valuations and growth potential.Read More
The rupee weakened slightly to 88.21 against the dollar due to a strong US currency and declining domestic equities. Concerns over the H-1B visa fee hike impacting the IT sector and India’s service exports are weighing on investor sentiment. Despite this, India’s forex reserves rose, and trade talks with the US are scheduled for September...Read More
Indian government bonds experienced a decline, mirroring the movement of U.S. Treasuries, as traders keenly await the central and state governments’ borrowing plans for the fiscal year’s second half. The anticipation of the government’s borrowing calendar release later this month is a key factor influencing market sentiment. Simultaneously, traders are closely monitoring the states’ quarterly...Read More
GRSE share price: Garden Reach Shipbuilders & Engineers (GRSE) signed five MoUs with key players in shipbuilding, ports, and infrastructure, targeting green vessels, ship repair, port development, multimodal logistics, and ropeway connectivity. These collaborations aim to boost India’s shipbuilding capacity under the Maritime Amrit Kaal vision.Read More
Quantum AMC’s Christy Mathai expects stronger earnings momentum for large-cap stocks, driven by GST cuts, tax reliefs, and improving liquidity. She favours financials, IT, and auto sectors, highlighting disciplined investing in well-governed companies trading below intrinsic value for long-term compounding.Read More
HUDCO shares: HUDCO has signed an MoU with NBCC to execute four construction projects in UP, Haryana, Gujarat, and Delhi, including commercial, institutional, office, and residential developments.Read More
Indian stocks experienced a decline at the opening on Monday, reversing gains from the previous session. IT stocks were the primary contributors to the downturn, triggered by the U.S.’s significant increase in H-1B visa costs to $100,000.Read More
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