Brokerage houses have issued varied stock recommendations for PNB Housing Finance, PI Industries, and Indoco Remedies. Motilal Oswal is optimistic about PNB Housing Finance, while Emkay Global retains a ‘Reduce’ rating on PI Industries due to growth concerns. YES Securities downgraded Indoco Remedies to ‘Sell’, citing earnings pressure and regulatory constraints.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.