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The dollar weakened to a near seven-week low as investors anticipated revisions to U.S. jobs data, potentially indicating a weaker labor market and bolstering the case for Federal Reserve rate cuts. Economists foresee a significant downward revision in job numbers, possibly prompting the Fed to act more aggressively.Read More

Bajaj Finance is preparing for a leadership transition. Rajeev Jain’s successor will be an internal candidate. The company aims to finalize succession plans within six months. Jain’s term extends until March 2028. Bajaj Finance targets significant growth. They project a profit of ₹43,000 crore by FY29. The firm also plans to expand its customer base substantially.Read More

Automobile stocks surged following GST rate cuts. Tata Motors and Mahindra & Mahindra led the gains. Vehicle prices have been reduced, boosting investor confidence. Festive season demand is anticipated to drive sales. Analysts predict growth in smaller car segments. Mahindra & Mahindra shares have seen significant gains recently. August sales showed improvement in two-wheelers and commercial vehicles.Read More

Dalal Street focuses on industries benefiting from recent GST rate cuts. Several stocks are expected to outperform amid market uncertainty. Top stock picks across automobiles, consumer goods and insurance are highlighted. These picks could deliver returns of 9% to 29% over six months. Brokers like SBI Securities, Motilal Oswal, ICICI Securities, HDFC Securities and Anand Rathi have provided their recommendations.Read More

Gold demand dipped during the initial festive period. India Bullion & Jewellers Association reported a 28% drop. High gold prices dampened consumer enthusiasm. Many buyers opted for lighter, lower-karat jewelry. Some jewelers saw increased sales value despite volume decreases. Investment demand for gold coins remained steady. Jewelers are adjusting manufacturing strategies to meet changing preferences.Read More