A recent US government shutdown has sparked debate on its impact on America’s global standing and trade relations with India. Market expert Santosh Rao suggests the political narrative remains divided, with uncertainty clouding trade talks. While the shutdown highlights governance strains and fiscal concerns, its long-term economic impact is expected to be limited, with the US economy showing resilience.Read More
Groww’s parent company, Billionbrains Garage Ventures, extended its post-listing rally on Friday, with the stock trading nearly 50% above its issue price. The company’s Rs 6,632-crore IPO, open from November 4 to 7, drew strong interest, recording 17 times subscription led by institutional buyers. Brokerages see solid long-term potential but caution about high valuations.Read More
Bharat Dynamics rose sharply after its Q2 PAT surged 76% YoY to Rs 216 crore, and revenue doubled to Rs 1,147 crore. The company won a major Rs 2,095.7 crore defence order for Invar anti-tank missiles, boosting investor sentiment.Read More
Gold prices strengthened as a softer dollar supported global bullion, though hawkish Federal Reserve comments limited gains. Domestic gold futures opened firm, with both gold and silver posting strong weekly advances. Rate-cut expectations have eased, while renewed economic data flow after the U.S. shutdown offered stability. Physical market prices remained broadly steady across major cities.Read More
Voltas shares slipped nearly 3% after the company reported a sharp 76% YoY drop in Q2 net profit to Rs 32 crore, reflecting continued margin pressure and operational headwinds despite pockets of recovery across segments. The stock later recovered from its lows, trading 0.5% higher at Rs 1,344.20 around 10 am, signalling some buying interest at lower levels.Read More
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