Christopher Wood of Jefferies predicts Indian stock market gains next year, driven by nominal GDP growth, GST reforms, monetary easing, and potential foreign inflows.
The blue-chip Nifty 50 index climbed 170 points to end at 25,239, while the S&P BSE Sensex jumped 595 points to 82,381. The Nifty Bank index advanced 260 points to 55,148, closing above the 55,100 mark for the first time…
DN Pathak, ED of Soybean Processors Association of India (SOPA) stated that domestic soybeans already struggle at prices below minimum support price (MSP), while US soybeans are significantly cheaper, making it impossible for Indian farmers to compete.
The surge reflects a mix of macroeconomic, political, and domestic factors, say experts.
Vaibhav Global shares have climbed 18% over the past seven trading days and are now up 25% so far in September.
“Regulatory risk is by far the biggest risk for brokers like us,” Nithin Kamath wrote in a post on X. “This risk is magnified even more because most brokers’ earnings are from traders, and they earn almost nothing from investors,”…
JLR, which accounts for nearly 70% of Tata Motors’ consolidated revenue, said in an updated statement that it has extended the ongoing production halt until Wednesday, September 24.
The Redington stock on Tuesday also broke above the 50 and 200-day moving average (DMA). The 100-DMA is at ₹272 per share.
Last month, Godfrey Phillips had announced a 2:1 bonus issue with September 16 being the record date. This is the company’s first bonus issue, as per data available on the exchanges.
Globally, December gold futures surged to an unprecedented $3,728.32 per ounce, supported by the prospect of looser US monetary policy and persistent safe-haven demand amid global economic uncertainty.