Market Bizzz

​Of course, we can debate the valuations and things like that, but fundamentally IT as a business should do well in the near future. As far as FMCG is concerned, the reason, again, I must mention that rural demand was really-really weak and that has now started improving. The green shoots are visible.

Puneet Chhatwal, MD & CEO of IHCL, discusses the expected long-term growth in India’s hospitality sector. He highlights the increasing demand for talent and business travel, and IHCL’s strategy of launching and re-imagining properties. Chhatwal anticipates significant contributions to the economy, with double-digit growth fueled by innovative initiatives and strong market demand.

This means today will be the last day to buy the shares of these companies in order to be able to qualify for the dividends announced by them.

In the 47th annual general meeting of RIL, the investors will watch out for timelines, targets, new partnerships and other announcements regarding the conglomerate’s diversified business that sprawls across oil and petrochemicals, telecom, retail, new energy and finance.

​So, commodity as a space, including chemical commodity, we find that probably the better times going forward. From the pipeline, I think the expensive inventory is also out and as a result of which some of these companies are looking relatively better placed on the margin front for FY25.

Abhishek Basumallick of Intelsense Capital discusses the Indian market’s health and sectoral prospects. With a focus on IT, chemicals, pharma, auto, and manufacturing sectors, he anticipates steady growth over the next decade. He advises caution as valuations remain high but sees opportunities in new IPOs and rural consumption trends improving.

This strategy allows us to remain invested and benefit from the long-term growth potential while being cautious and adaptive to the changing market dynamics.

BOJ raised interest rates from 0.1% to 0.25% last month and indicated further hikes to take care of rising inflation. This created a fear of the unwinding of the JPY lead carry trade. The BOJ later allayed concerns indicating a more cautious approach to further rate increases.

5 stocks’ closing prices crossed above their 200-day moving averages (DMAs) on August 27

Hindustan Zinc, under Vedanta, fixed August 28 as the record date for dividends, making today the last day to buy shares to qualify. The company announced a Rs 19 per share dividend. Other companies such as Asahi India Glass, and Bajaj Steel Industries also disclosed their final dividends.