The week saw markets open strong but close with moderate gains. Infosys will consider a buyback on September 11. Hudco is set to fund Nagpur Metro with Rs 11,300 crore. TVS Motor will pass on GST cut benefits. PCBL Chemical plans a capacity boost. Coal India explores data centers in old mines.Read More

Analysts believe Jaiprakash Associates’ businesses lack synergy with Vedanta, potentially diverting focus from core operations. Vedanta’s acquisition of the debt-laden firm for ₹17,000 crore has been met with shareholder skepticism, as Vedanta shares underperformed. The deal raises concerns about deleveraging efforts amidst a planned demerger, potentially restricting Vedanta’s share re-rating.Read More

Inox Wind shares have surged following positive Q1 results and an upgraded credit rating. The company anticipates faster project execution and has increased its margin guidance for FY24. A strong order book and operational enhancements, including new manufacturing units and high-capacity cranes, support this optimistic outlook. Regulatory changes favoring hybrid energy projects further boost Inox...Read More

Ujjivan Small Finance Bank plans to raise ₹2,000 crore through a qualified institutional placement. This fundraising will occur over the next 18 to 24 months. The bank has applied for a universal banking license and anticipates a decision from the Reserve Bank of India by December. Ujjivan aims to expand its loan book to ₹1...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

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...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...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...Read More

Indian market closed higher, propelled by auto and metal sectors, fueled by GST tax cut optimism and China’s steel reforms. Expectations of a Federal Reserve rate cut further boosted sentiment. Despite early gains, a late sell-off indicated investor caution, with auto stocks rallying and IT facing global uncertainty.Read More

Gold prices soared to a record high of $3,636.69 an ounce on Monday, driven by soft U.S. labor data fueling expectations of a Federal Reserve interest rate cut. The anticipation of lower rates, coupled with a weaker dollar and strong central bank buying, particularly from China, has propelled gold’s impressive gains this year. Investors are...Read More