Kotak Securities is optimistic about the stock markets, setting a Nifty target of 29,120 by December 2026, driven by strong earnings growth expectations. The brokerage anticipates over 17% earnings growth for 2027, with improved macro conditions and policy decisions expected to fuel gains. They favor BFSI, technology, healthcare, and hospitality sectors, while also noting positive outlooks for gold and silver.
Adani Enterprises' 25,000 crore rights issue concluded with 108% subscription, attracting applications for 149.5 million shares. The issue, priced at 1,800 per share, saw public investors oversubscribe their portion by 30%. Funds raised will be used for debt reduction and capital expenditure.
Listeners to WBEZ-FM 91.5 may have noticed an abrupt change in the programming schedule Wednesday morning after a power outage shut down operations at the Chicago public radio stations Navy Pier studios.
The commentary from BMI comes amid many economists and bond-market experts in India factoring in a further quarter percentage point reduction in policy rates, lowering terminal rate expectations to 5% in the current easing cycle after RBI looked past a sharply retreating rupee to deliver a rate cut last Friday.
