Commodity Radar: Buy on dips as gold consolidates ahead of Fed. 5 tech tools to sharpen your trades
Gold traded slightly weaker on Monday amid profit booking before the US Fed policy outcome. October futures held near ₹1,09,180 on MCX, with analysts expecting consolidation as rupee weakness supports domestic bullion prices.
Bajaj Group’s Maharashtra Scooters announces 1,600% dividend, stock rises
Maharashtra Scooters, a Bajaj Group company, declared a massive interim dividend of Rs 160 per share (1,600% of face value), sending shares up nearly 3% on Monday. The record date is September 22, with payouts expected around October 13, 2025.
Elon Musk buys $1 billion worth of Tesla shares from open market
Elon Musk, Tesla’s CEO, recently bought company shares worth $1 billion. This purchase occurred on Friday across multiple transactions. It marks Musk’s first open market stock purchase since February 2020. He acquired approximately 2.57 million shares. Tesla’s stock performance has been strong over the past year. The company is also seeking shareholder approval for a […]
Muthoot Finance raises $600 million via international bond markets
Muthoot Finance, India’s largest gold loan NBFC, has raised USD 600 million through an international bond issuance under its External Commercial Borrowing (ECB) programme. The proceeds will fund lending activities, allowing the company to extend more credit across India. The issuance saw strong global participation, highlighting investor confidence in Muthoot Finance’s growth strategy and fundamentals.
Eternal becomes top pick in mutual fund portfolios in August, bought for Rs 7,200 crore
Eternal (formerly Zomato) emerged as mutual funds’ top pick in August, attracting ₹7,200 crore, surpassing giants like Infosys and HDFC Bank. Several AMCs, including Aditya Birla Sun Life and Axis Mutual Fund, significantly added the stock, while SBI Mutual Fund reduced its holdings. Overall, equity mutual funds decreased cash balances, deploying funds into opportunities like […]
What Sebi chief’s weekly expiry remark means for BSE. Explained with 5 scenarios
SEBI’s board didn’t announce changes to derivative contracts but plans to release a consultation paper soon. Potential tweaks, such as altering expiries or contract sizes, could impact exchange earnings, especially for BSE, according to a Nuvama report.
Jefferies initiates coverage on 3 alcohol stocks, calls one of them dark horse
Jefferies initiates coverage on Indian spirits firms United Spirits, Radico Khaitan, and Allied Blenders with “Buy” ratings, citing premiumisation as a key growth driver. Radico is the top pick, while Allied is called a “dark horse” with potential for a turnaround.
LIC MF’s Toshniwal backs IT, banks, retail NBFCs; cautions on FMCG and staples
Jaiprakash Toshniwal of LIC MF Asset Management sees a positive turn for Indian stocks. Festive demand and a resilient economy are key factors. He favors IT, banking, and retail NBFCs. He advises caution on overvalued staples. He notes improved conditions in the metals sector. Domestic factors and steady foreign investment should support markets.
Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole
Atul Bhole from Kotak Mutual Fund suggests that the Indian stock market’s risk-reward is now favorable after a period of correction. He recommends deploying cash into equities, anticipating double-digit earnings growth driven by government reforms, GST, and addressed liquidity issues. Despite underperforming other markets, domestic flows remain strong, making IT sector a contrarian investment opportunity.
Dollar steadies ahead of Fed meeting
Dollar remained stable before key central bank meetings. Euro showed little reaction to France’s credit downgrade by Fitch. Investors are awaiting rate decisions from the US Federal Reserve, Bank of Japan, and others. Market anticipates potential rate cut from the US Federal Reserve. Focus is also on US-China trade talks and TikTok divestiture deadline.