Fed’s policy shift supports EMs; India set to gain: Geoffrey Dennis

US markets stay strong as Fed cuts rates. Geoffrey Dennis, Independent Emerging Markets Commentator sees dollar weakness, EM gains, and India’s long-term growth appeal.

US markets stay strong as Fed cuts rates. Geoffrey Dennis, Independent Emerging Markets Commentator sees dollar weakness, EM gains, and India’s long-term growth appeal.

Dhiraj Agarwal, Managing Director of Ambit Investment Managers, sees a selective, bottom-up stock pickers’ market ahead, with mid-single-digit index returns, opportunities in consumer discretionary, and strong long-term prospects for gold.

Indian CRDMOs, according to brokerage firm JPMorgan, are well-positioned to benefit from structural tailwinds and substantial investments in capacity and capabilities.

Shares of Euro Pratik Sales are tentatively scheduled to be listed on the NSE and BSE on September 23.

Vodafone Idea had petitioned the Supreme Court to set aside DoT’s demand for ₹9,450 crore in additional AGR dues, arguing that it goes beyond the scope of the Court’s previous ruling on AGR liabilities.

Shares of Redington had surged 20% this Tuesday as well ahead of the launch of the iPhone. Over 11 crore shares of the stock had changed hands that day.

On Thursday (September 18), the rupee depreciated 35 paise to close at 88.20 against the US dollar.

Globally, spot gold held at $3,646.23 per ounce as of 0311 GMT, little changed from the previous session. Prices had touched an all-time high high of $3,707.40 an ounce on Wednesday (September 17), before retreating.

MobiKwik said that an isolated internal processing error occurred on September 11 and 12, causing certain failed transactions to be incorrectly marked as successful. This led to unintended payouts to some merchants and users, who exploited the issue to gain…

Investors can bid for 73 shares of Epack Prefab Tech in a lot and in multiples of the same thereafter. Retail investors can invest a minimum of ₹14,892 crore.