The rupee strengthened to 88.10 against the US dollar, buoyed by FII inflows and a weaker greenback. Gains were limited by rising global crude oil prices, fueled by geopolitical tensions. Positive sentiments arose from FII investments and potential trade negotiations between the US and India, influencing market dynamics.Read More
Gold prices experienced profit booking after reaching a record high of Rs 1,08,749 per 10 grams, influenced by the U.S. employment revision report. Silver, however, showed resilience. The U.S. data revealed a significant downward revision in employment figures, raising concerns about stagflation. Experts advise caution, suggesting booking profits in gold and implementing stop-loss measures for...Read More
Tata Capital’s unlisted shares have experienced a significant drop of 30% from their April peak due to various factors. These include the volatility of unlisted markets, concerns about stretched valuations compared to peers like Bajaj Finance and Shriram Finance, and the impact of HDB Financial Services’ IPO performance.Read More
Sterling and Wilson shares: The company announced it has secured a ₹415 crore order for a solar power project in Rajasthan, despite its stock hovering near multi-year lows. It received a Letter of Intent (LoI) from a top private Independent Power Producer for a BOS EPC package.Read More
Japanese financial giant Sumitomo Mitsui plans to sell its entire 1.65% stake in Kotak Mahindra Bank via a Rs 6,166-crore block deal at a 4% discount to the last close. Analysts see short-term supply pressure but remain positive on the bank’s fundamentals, with Axis Securities maintaining a BUY call and projecting strong credit growth ahead.Read More
Sun Pharma shares: The company revealed that the FDA classified its Halol facility as “Official Action Indicated” after finding CGMP violations during a June inspection, resulting in an Import Alert that blocks U.S. shipments except for approved exemptions.Read More
New U.S. tariffs, driven by geopolitical concerns over India’s oil imports from Russia, may slow growth but paradoxically benefit bond investors. However, fiscal pressures and supply-demand imbalances are currently pushing yields higher. Despite near-term volatility, current levels offer potential investment opportunities, especially if GDP growth remains moderate and inflation stays near target.Read More
GST rate cuts on cement and construction materials are poised to reduce construction costs by 3-5%, potentially boosting mid-income and affordable housing, especially in Tier-2 cities. Digital real estate platforms are also democratizing property investment, offering options like fractional ownership and SM REITs, with lower entry barriers and professional property management, enhancing liquidity and diversification...Read More
India’s fixed-income market is currently in a favorable position due to low inflation, supportive policies, and consistent domestic and foreign demand. Investors should aim for a balance of carry, quality, and tactical flexibility by building a solid core, selectively adding duration, and maintaining cash reserves to capitalize on volatility. This approach will define performance in...Read More
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