ETMarkets Smart Talk| New GST regime and higher US tariffs likely to weigh on September-quarter earnings across sectors: Shravan Sreenivasula
Corporate India anticipates potential earnings turbulence due to the GST implementation and higher US tariffs, impacting sectors like textiles and auto ancillaries. The US Federal Reserve’s rate cut introduces market volatility, while FII selling reflects concerns over growth and valuations. Despite these challenges, experts favor NBFCs, consumer discretionary, and precious metals, suggesting a balanced portfolio […]
Atlanta Electricals IPO: GMP, brokerages signal positive sentiment. Should you bid?
Atlanta Electricals has introduced its Rs 687 crore IPO. The IPO opened on September 22 and will close on September 24. The price band is Rs 718–754 per share. Grey market activity indicates positive listing expectations. The company will use fresh issue proceeds for debt repayment and working capital. Public sector undertakings contribute significantly to […]
Prime Cable Industries IPO: GMP, price band among key things to know before subscribing
Prime Cable Industries is set to launch its IPO on September 22. The company aims to raise Rs 40 crore through fresh equity and an offer-for-sale. The IPO will close on September 24, with listing on September 29. The company will use the funds for capital expenditure, debt repayment, and working capital. Revenue rose 71% […]
TechD Cybersecurity shares to debut today. Bumper subscription, GMP indicate strong listing
TechD Cybersecurity is ready to list on NSE SME. The IPO saw massive oversubscription. The grey market premium suggests a strong debut. The company plans to use IPO funds for expansion. TechD offers cybersecurity services like VAPT and consulting. Adani Group and Zensar Technologies are among its clients. The firm aims to be a global […]
Gold holds firm near record high as markets eye Fed policy signals
Gold prices are stable near record highs. Investors are watching for United States inflation data. Many Federal Reserve officials will speak this week. The central bank may further ease monetary policy. The Personal Consumption Expenditure price index data is due on Friday. Markets expect two more rate cuts this year. SPDR Gold Trust holdings increased.
Oil inches up as tension flares in Europe, Middle East
Oil prices saw a slight increase due to geopolitical tensions in Europe and the Middle East. Russia’s actions near Poland and airspace violations raised concerns. Ukraine’s drone attacks on Russian energy infrastructure added to the unease. Four Western nations recognized Palestinian state, further escalating regional tensions. Increased oil supply from Iraq also influenced the market.
Can Indian markets sustain their rise despite high valuations and global uncertainties?
Despite global economic concerns, Indian stock markets are nearing record highs. Sensex and Nifty are close to peak levels. Domestic liquidity is driving the market. Foreign selling has receded. Investors are cautious due to high valuations and trade tensions. Some investors are shifting towards gold. Market participants are unsure about the sustainability of the rally.
Asian shares rise as Japan rallies, dollar gains
Asian markets saw gains, led by Japan, after its central bank addressed ETF concerns. Australian and South Korean shares also increased. US equity futures showed mixed performance amid H-1B visa fee worries. Trump touted progress on China issues. Wall Street reached new highs, fueled by rate cut prospects. Focus shifts to China’s loan rates and […]
Consumer services, IT, power see sharp FII outflows in September
Foreign investors turned net sellers in the first half of September, offloading shares in consumer services, IT, and power sectors due to concerns over profitability and rising costs. Financial services saw renewed interest, driven by attractive valuations in state-owned lenders. Automobiles, capital goods, and metals & mining also attracted inflows, but overall, foreign investors remained […]
Nifty faces stiff resistance as US visa concerns weigh
Nifty extended its winning streak, surpassing a key resistance level, but analysts foresee challenges around 25,500-25,670. Despite potential headwinds from US visa policy changes impacting the IT sector, technical indicators suggest a bullish outlook. Experts advise traders to capitalize on dips, highlighting Samman Capital and Piramal Pharma as potential buys with specific targets and stop-loss […]