Metal stocks have seen a significant rally, with precious metals driven by geopolitical concerns and industrial metals like copper poised for growth due to AI investments. However, steel faces caution due to weak demand from China. The IT sector is bifurcated, with digital platforms showing long-term promise and traditional IT services anticipating AI-driven growth and margin improvements.
Proposed insurance commission reforms aim to align incentives with consumer interests, potentially causing near-term disruption for distributors but strengthening the sector long-term. Meanwhile, India's listed retailers face challenges sustaining high valuations as slowing growth is offset by margin improvements, driven by increased competition and shifting consumer purchasing habits.
The Federal Reserve chair is under a Justice Department criminal investigation concerning a $2.5 billion headquarters renovation. Prosecutors are examining if Jerome Powell misled Congress about the project's cost and scope. This development escalates White House tensions with the central bank and raises concerns about its independence.
Billionbrains Garage Ventures shares rose after Kotak Institutional Equities initiated coverage with a Buy rating. The brokerage forecasts strong earnings growth for Groww in the coming years. This growth is expected from areas like marginal trading facility and commodities. Operating leverage and margin expansion are also anticipated. Groww's product-first approach and tech focus are key strengths.
Mukul Agrawal has updated his Rs 6,500-crore stock portfolio. He added Hindustan Construction and Sudeep Pharma. Agrawal reduced his stake in Monolithisch and likely exited Stanley Lifestyles. His portfolio includes several multibagger stocks from the past year. These include Osel Devices, Zelio E-Mobility, Monolithisch India, Zota Health Care, and ASM Technologies.
Gold prices eased on MCX after hitting record highs, while silver remained firm amid geopolitical tensions. Analysts cite profit booking, strong safe-haven demand and expectations of US rate cuts, with experts advising buying on dips despite elevated volatility.
Gold prices eased on MCX after hitting record highs, while silver remained firm amid geopolitical tensions. Analysts cite profit booking, strong safe-haven demand and expectations of US rate cuts, with experts advising buying on dips despite elevated volatility.
