Gold prices jumped by 1.7% or Rs 1,200 per 10 gram on Friday taking cues from prices in the international market. The rally was on the back of growing hopes of the September interest rate cut by the US Federal Reserve following a benign July inflation number.
Gautam Singhania on how after realty, the engineering business could have a huge revenue potential
Raymond’s Chairman Gautam Singhania discussed the company’s decision to focus on menswear due to negative male feedback on entering women’s wear. He highlighted a merger with Maini Engineering, bringing opportunities in titanium and aerospace sectors. Singhania also pointed out the potential in Mumbai’s real estate market, emphasizing timely project deliveries.
Big movers on D-Street: What should investors do with Tata Steel, NMDC and Coal India?
Domestic equities ended their two-day losing streak on Wednesday, driven by strong US markets on prospects of a Fed rate cut. Highlighted stocks were Tata Steel, NMDC, and Coal India—all experienced drops. Analyst Riyank Arora provided recommendations for these stocks’ trading strategies when the market reopens.
Harsha Upadhyaya on where to put money to work incrementally this year
Harsha Upadhyaya, CIO-Equity at Kotak AMC, observed that mid and small-cap stocks have outperformed large-caps since the COVID lows. However, he noted a potential decline in this trend, anticipating similar earnings growth for mid, small, and large-caps by FY26. Pharma remains a sector with selective investment opportunities, while thematic mutual funds may see fluctuating inflows.
3 sectors that may give you freedom from worries this Independence Day
In a market insight, Siddhartha Khemka highlighted robust domestic liquidity and strong interest in quality IPOs. He noted pharma, FMCG, and automotive as promising sectors. Khemka also pointed out Gravita India and Signature Global for their growth potential. Additionally, he expressed optimism for new-age tech stocks like Zomato and Policybazaar.
Asia stocks firm, dollar sags with US yields on Fed cut bets
Asian stocks held steady as the dollar weakened due to falling U.S. Treasury yields influenced by mild consumer inflation data. Regional markets like Japan’s Nikkei and Australia’s stock benchmark showed gains. U.S. S&P 500 futures indicated a rise following a slow consumer price increase in over three years, boosting Wall Street.
Europe’s STOXX 600 climbs as upbeat earnings buoy travel and leisure, financial stocks
European stocks climbed on Wednesday, driven by gains in travel, leisure, and financial sectors. The STOXX 600 index rose by 0.5%, encouraged by signs of slowing U.S. inflation and potential Federal Reserve rate cuts. Key performers included Flutter, UBS, and Straumann, while Thyssenkrupp and Carlsberg faced declines.
Sit on the sidelines! Volatility is high and both shorts & longs get bought out daily: Ajay Bagga
Ajay Bagga advised investors to stay on the sidelines due to high market volatility, primarily affecting equity and FX markets. Despite strong oversubscription in IPOs driven by liquidity, he cautioned that valuations are elevated. He highlighted opportunities in hospitals and EMS sectors but emphasized the need for regular, cautious investments.
At multi-year highs: These 5 stocks witness 5-year swing high breakouts
A 5-year swing high represents the highest price a stock has achieved within five years
Positive Breakout: 3 stocks cross above their 200 DMAs
The 200-day DMA is used as a key indicator by traders to determine the overall trend of a stock.