Pharma tariffs and value retailers: Sudip Bandyopadhyay shares market outlook
Sudip Bandyopadhyay advises caution in pharma due to US tariff uncertainties, recommending domestic-focused companies like Mankind Pharma for growth. He also anticipates a strong Q3 for value retailers, including V-Mart, driven by rising incomes and festive demand. Overall, domestic sectors offer safer growth amidst global volatility.
Apollo Hospitals, Max Healthcare, Fortis rise up to 5%. Here’s why
Hospital stocks surged up to 5% on Monday, October 6, after the government revised rates under the Central Government Health Services (CGHS) Scheme for nearly 2,000 medical procedures, effective October 13. This marks the first major update in over a decade, addressing complaints from empanelled hospitals that outdated rates previously discouraged them from offering cashless […]
Tata Capital CEO on the thought process behind IPO pricing, growth outlook and room for re-rating
Tata Capital’s CEO discusses the upcoming IPO, a significant event for the year. The company set the share price to allow wide investor participation. Proceeds will augment Tier-1 capital. This capital will support loan book expansion. Tata Capital plans to strengthen its position in financial services. The company maintains its credit quality.
Gold tops $3,900 for first time on safe-haven demand
Gold prices surpassed $3,900 an ounce for the first time. This rise stemmed from safe-haven demand. A US government shutdown played a role. Expectations of further Federal Reserve rate cuts also fueled the increase. Gold performs well during economic uncertainties. It recorded a 49 percent gain this year. Strong central bank buying and ETF demand […]
Oil prices gain 1% after lower-than-expected OPEC+ output hike
Oil prices rose one percent on Monday. OPEC+ announced a smaller production increase than expected. Output will rise by 137,000 barrels per day from November. This decision aims to support oil markets. Analysts predict continued price weakness due to global economic conditions. Supply disruptions from sanctions and Ukraine attacks are noted. G7 nations plan steps […]
Is Tata Capital IPO a long-term bet or wait-and-watch opportunity?
Tata Capital’s upcoming IPO is priced at a discount, reflecting its lower net interest margin and return ratios compared to peers. While its loan book grew significantly, a merger with Tata Motors Finance increased its gross NPAs. Investors are advised to observe its financial performance post-listing.
Asian shares jump to record on Japan, gold rallies
Asian stocks, led by Japan, surged to a record high, with gold also hitting an all-time peak, as investors anticipate looser monetary policy and robust AI investment. Japan’s Nikkei jumped after pro-stimulus Sanae Takaichi became Prime Minister, while the yen weakened significantly. The US tech rally is set to resume, despite a government shutdown.
Wall Street traders brace for extended shutdown amid lofty valuations
Ahead of earnings season, the US stock market rally faces compounding threats from a government shutdown, eye-watering equity valuations, and a cooling labor market. With the S&P 500 at dot-com levels, experts warn of a potential 5-10% pullback, advising investors to trim highly valued positions.
NSE trims lot sizes for Nifty, Bank Nifty
The National Stock Exchange has reduced the market lot sizes for derivative contracts across four key indices, including Nifty and Nifty Bank, effective from year-end. This move aims to make trading cheaper for participants by lowering contract values and margin requirements, aligning with Sebi guidelines. Experts believe it will support declining options volumes.
Sustaining above 25,000 may unlock fresh upside for Nifty
Nifty began October positively, breaking its losing streak, with experts eyeing sustained levels above 24,820 for further gains towards 25,000-25,170. While the structure remains fragile, sectors like banking, auto, metals, and defence are poised to drive momentum. Traders are advised to stay hedged and consider accumulating on dips around 24,600, with specific stock recommendations highlighted […]