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Eicher Motors gained over 22% in the past month, with Bank of America Securities raising its target to Rs 7,500, citing GST rate cuts, rising premium demand, rural financing support, and brand pull. The brokerage expects Eicher to remain a key beneficiary of the two-wheeler upcycle alongside TVS.
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Silver prices may climb as high as Rs 1.5 lakh per kg in the coming months, supported by robust industrial demand, a weakening dollar and safe-haven flows amid global uncertainties, according to a report by Motilal Oswal Financial Services.
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Sensex closed at 81,101, up 314 points, as auto stocks powered the rally. Maruti, Eicher, TVS, M&M, and Bosch hit fresh 52-week highs, signaling bullish momentum and investor confidence in the sector’s growth outlook.
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To facilitate ease of doing business, markets regulator Sebi on Tuesday came out with a simplified format for disclosure documents for portfolio managers.
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BSE CEO Sundararaman Ramamurthy says India’s economy is on a strong growth path, supported by domestic investors, rising consumption, and policy reforms. Despite FPI outflows, equity markets remain resilient. IPOs, SME listings, and mutual fund expansion boost market depth, while derivatives growth strengthens participation. Optimism persists for long-term equity gains.
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TechD Cybersecurity, backed by Vijay Kedia, is launching a Rs 40 crore IPO on NSE Emerge from September 15–17 at Rs 183–193 per share. Proceeds will fund global expansion, talent growth, and India’s largest integrated cybersecurity GSOC in Ahmedabad.
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The rupee weakened by 3 paise to close at 88.12 against the US dollar due to persistent foreign fund outflows and concerns over potential US tariffs on India. Global trade uncertainties and remarks from a White House trade advisor further pressured the rupee.
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Indian equities closed higher on Tuesday, fueled by Infosys’ share buyback announcement, which boosted IT stocks. Optimism surrounding potential GST cuts and growing expectations of a U.S. interest rate reduction further supported market sentiment. The Sensex and Nifty both gained, with IT and consumer discretionary sectors leading the advance.
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The Indian equity market remains range-bound, with Nifty facing support at 24,600–24,800 and resistance near 25,000. Momentum is weak despite positive cues. Traders are advised to focus on select sectors and resilient stocks like AB Capital and Adani Ports, using appropriate stop losses for short-term trades.
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Zinc prices fell on the MCX amid profit booking after a recent rally, while trends were mixed on LME and SHFE. Strong US economic data, expectations of a rate cut, and declining LME inventories support an upward bias. Analysts suggest buy-on-dip near Rs 272–273 with targets of Rs 285–290.
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