Cement demand and pricing trends surprised positively in Q2, supported by consolidation and broad-based recovery across housing, rural demand, and government capex, says CLSA’s Indrajit Agarwal. While metals face global oversupply pressures, India’s EMS sector is set for a long-term growth boom. Agarwal outlines key sector trends, pricing dynamics, capex cycles, and investment implications for...Read More
Oil prices dipped as U.S. inventories of crude and fuel rose, signaling a market oversupplied against demand. Despite concerns over Russian supply disruptions from Ukrainian attacks, persistent crude oversupply is tempering price gains, with analysts expecting a slight draw in official U.S. crude stocks.Read More
Asian markets saw the yen strengthen and the U.S. dollar hold firm. Investors moved to safe assets after a global stock market decline. Concerns over AI stock valuations and rising jobless claims added to market anxiety. Traders are now considering potential interest rate cuts by the Federal Reserve. Japan’s holdings of U.S. Treasuries also saw...Read More
Gold prices held steady as investors keenly awaited Federal Reserve meeting minutes and U.S. jobs data for clues on future interest rate moves. A stronger dollar also weighed on the precious metal. Traders are now factoring in a slightly higher chance of a December rate cut, though uncertainty persists amid global equity market jitters and...Read More
Indian markets mirrored global sentiment as US stocks tumbled, driven by tech stock valuations and a weak Home Depot forecast. Investors eagerly await Nvidia’s results amid AI exuberance concerns. Job market data also showed a cooling trend, adding to market jitters. Despite strong overall earnings, fears are circulating.Read More
Groww shares faced unusual settlement problems after a strong rally. Over 30 lakh shares went into auction due to short sellers unable to deliver. A short squeeze intensified the price rise. While the auction settled deliveries, investors now watch for fundamental trading as extreme pressures ease. Valuations are a key concern for the future.Read More
Gallard Steel’s Rs 37.5-crore IPO opens Wednesday, aiming to fund manufacturing expansion and debt reduction. Priced between Rs 142-150, the issue has a modest 7% grey market premium. The Pithampur-based firm, serving railways and defence, reported strong revenue and profit growth. Anchor investors have already subscribed.Read More
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