Market strategist Sandip Sabharwal discussed Avenue Supermarts’ high valuations and potential consolidation. He noted Tata Capital IPO’s valuation is expensive despite a positive NBFC outlook. Sabharwal advised selectivity in real estate, favoring companies like DLF, and cautioned about oversupply risks in solar energy while seeing value in beaten-down IT stocks.Read More
European shares steadied on Monday, aided by a bounce in technology and mining stocks, after worries about growing U.S.-China trade tensions hammered markets on Friday.Read More
French government bond yields edged up in line with the wider market on Monday, after Prime Minister Sebastien Lecornu, who was reappointed on Friday, unveiled his cabinet, as pressure intensifies to pass a belt-tightening budget.Read More
Gold surged over 2% to Rs 1,23,840 per 10 grams amid US-China trade tensions and a weaker rupee. Analysts advise buying on dips near Rs 1,22,000, with key support at Rs 1,20,800 and targets toward Rs 1,25,200, as macro uncertainty fuels safe-haven demand.Read More
Silver prices surged to near $52 an ounce, their highest in decades, driven by a historic short squeeze in London and strong investor demand for precious metals. Gold also hit a record high above $4,068 an ounce, extending its eight-week rally, while platinum and palladium joined the broad-based upswing.Read More
India’s auto sector is poised for a broad-based recovery, with two-wheelers leading the charge and passenger and commercial vehicles showing improved sentiment. GST rationalization and festive demand are expected to boost consumption across FMCG, apparel, and footwear, though jewellery faces inventory risks. Stock-picking will be key for outperformance in the coming market rally.Read More
Canara HSBC Life Insurance IPO: The grey market premium (GMP) for Canara HSBC Life shares has fallen from Rs 10 to Rs 2, with the IPO priced at Rs 106. The IPO is a full offer-for-sale (OFS) of 23.75 crore shares and will remain open for three days, closing on October 14.Read More
The US government shutdown enters its twelfth day, triggering layoffs, service closures, and growing political deadlock, as Democrats and Republicans clash over funding and health subsidy extensions.Read More
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