Gucci owner Kering and private equity firm Ardian said on Tuesday they had completed a joint venture agreement for a New York property deal valued at $900 million.Read More

Euro zone bond yields were steady on Tuesday as traders awaited the currency bloc’s composite PMIs and a closely watched U.S. jobs report for a potential steer on the Federal Reserve’s policy outlook.Read More

Axis Bank shares dropped 4% after management delayed its NIM recovery outlook, now expecting margins to bottom out in Q4 or early Q1. While fee income remains constrained and profitability has softened, easing stress in retail portfolios and improving corporate demand offer some support. The stock is still up 16% year to date.Read More

Investors are reassessing dominant themes like AI, finding comfort in resilient US economic fundamentals and a selective outlook for India. While the AI trade faces skepticism regarding data center ROI, US markets show no immediate red flags. India’s IT services face valuation risks, with a preference for large-cap stocks due to historical mean reversion in...Read More

Shakti Pumps’ shares surged for the fourth consecutive day, driven by multiple large solar pump orders across Maharashtra, Jharkhand, and Madhya Pradesh. The strong order inflow underscores its leadership in solar-powered irrigation solutions, boosting market confidence. Technical indicators show healthy momentum, supporting continued investor interest amid positive sectoral trends.Read More

The Indian Rupee has fallen sharply against the US Dollar. It crossed the 91 mark for the first time. This decline is due to continuous foreign investor selling. Uncertainty surrounding the India-US trade deal is also a major factor. The Rupee has lost ground significantly in recent trading sessions. This economic development is impacting the...Read More

The Indian rupee is experiencing a significant decline, reaching new lows. This persistent weakness, despite positive movements in other Asian currencies, is leading bankers to anticipate stronger intervention from the Reserve Bank of India. The central bank has previously stepped in forcefully to curb the rupee’s slide, and market watchers believe similar action is likely...Read More

Indian stock markets are in a holding pattern. Valuations are high, and investors await clearer signs of earnings growth. Rate cuts offer a positive outlook, potentially boosting spending and profits. Focus is on companies serving the Indian market. Investors are advised to be selective, especially in the FMCG sector. Patience is key as markets adjust.Read More

PSU banks are poised for continued growth, with market participants confident the rally is far from over despite near-term challenges. Valuations remain attractive, and improved asset quality and comfortable capital adequacy are expected to drive outperformance against private lenders. Investors are advised to remain selective and monitor macro and stock-specific developments.Read More

Newly listed Meesho shares rose sharply to a fresh high, pushing the company’s market capitalisation past Rs 85,000 crore despite weak broader markets. Strong trading volumes and a bullish initiation by Choice Institutional Equities, citing a faster path to profitability, reinforced investor confidence in the stock’s post-listing rally.Read More