Markets ride on momentum, but GST effect already priced in: Sudip Bandyopadhyay
Indian equities had a strong week, boosted by global and local factors. The Goods and Services Tax regime change is expected to further boost sales. Sudip Bandyopadhyay suggests caution regarding GST-specific gains. He recommends watching cement, infrastructure, and auto ancillary sectors. He advises caution on large-cap IT, real estate, and metals due to limited short-term […]
Trading in Piramal Enterprises shares suspends from September 23 following merger with Piramal Finance
The NSE will suspend trading of Piramal Enterprises Ltd (PEL) shares effective September 23, 2025, due to its amalgamation with Piramal Finance Ltd (PFL), a move sanctioned by the NCLT. This merger, driven by RBI regulations and strategic benefits, consolidates operations under a single entity, enhancing service and shareholder value. CFO Upma Goel will resign […]
Infosys, Wipro ADRs decline up to 4% amid Trump’s proposal for $100,000 annual H-1B visa fee
American Depositary Receipts of Infosys and Wipro faced a decline. This followed the Trump administration’s plan. The plan proposed a $100,000 annual fee for each H-1B visa. The policy could significantly impact companies. These companies rely on foreign skilled workers. The proposed fee is part of a broader immigration overhaul.
Fed’s Miran defends call for steep rate cuts, says Trump didn’t direct his vote
Stephen Miran, the new US Federal Reserve Governor, addressed concerns about his independence. This followed his dissent on rate cut decisions. Miran advocated for steeper rate cuts. He argued for a near-neutral interest rate. He cited no inflation risk and lower housing costs. These views contrast with the Fed’s consensus. Other policymakers favor gradual cuts.
U.S. equity funds see large outflows as investors book profit
Investors withdrew a massive $43.19 billion from U.S. equity funds, the largest outflow since December 2024, driven by concerns over high market valuations after a significant rally and a Federal Reserve rate cut. Large-cap and technology funds experienced substantial outflows, while bond funds continued to attract inflows for the 22nd consecutive week.
Japan yield spike and carry trade unwinding may shift global capital flows: Abhishekn Bisen of Kotak MF
Japanese bond yields are surging, causing global concern. Political instability in Japan adds to economic uncertainty. Abhishekn Bisen of Kotak Mutual Fund notes the yen carry trade unwinding. US tariffs impact Indian bond yields and the rupee. Despite global uncertainty, India’s strong macro fundamentals support bond inflows. Experts suggest investors consider longer-duration bonds.
Vijay Kedia’s TechD Cybersecurity to GK Energy: 5 IPOs that could give up to 90% returns next week
It has been one of the busiest weeks in the IPO market with multiple issues hitting the Street. From decorative laminates to renewable energy, companies across sectors are testing investor appetite in the primary market. Grey market premiums (GMPs) suggest that some of these listings could deliver strong gains — with one even eyeing up […]
Nifty momentum strong; 26,000 possible by Diwali: Rajesh Palviya
The Nifty has reached 25,400 this week. Experts predict the rally may continue next week. Rajesh Palviya suggests Nifty could reach 25,750 if it surpasses 25,500. Banking stocks are currently supporting the market. Palviya sees potential in PSU banks, NBFCs, power, and chemical sectors. Suzlon Energy and Bharat Forge are his stock picks.
FIIs make Rs 4,500 crore bet on auto stocks before GST cut fuels showroom rush from Monday
Foreign Institutional Investors (FIIs) have aggressively invested Rs 4,500 crore in Indian auto stocks following the GST rationalization announcement, anticipating a consumption-led rally. The GST Council’s decision to slash tax rates across auto segments, coupled with seasonal tailwinds, has fueled this surge. While autos, metals, capital goods, and financials saw inflows, consumer services, IT, and […]
Wall Street closes higher with indexes notching weekly gains
Wall Street’s main indexes closed higher on Friday, securing a weekly gain fueled by FedEx’s strong earnings and positive sentiment in the technology sector. Optimism surrounding AI-linked stocks and the Fed’s anticipated rate cuts further boosted the market. However, concerns arose from a blocked funding bill and Lennar’s disappointing forecast, adding a layer of caution […]