Market expert Sandip Agarwal expressed caution on the Indian IT sector, citing low single-digit growth and high valuations for large caps. He believes current rallies are tactical, not fundamental, and sees potential bottoming out when multiples contract. Agarwal favors platform companies and is highly bullish on India's consumer tech "Mag-7" for long-term growth.
A major cyberattack on Jaguar Land Rover has halted global manufacturing, leaving customers in the dark about their vehicle deliveries. The UK government has stepped in with a 1.5 billion loan to support suppliers, a move experts deem risky but necessary to mitigate economic fallout.
Trent shares: The Tata Group firm posted a 17% year-on-year (YoY) rise in standalone revenue for the June quarter, reaching 5,002 crore compared to 4,260 crore in the same period last year. During the quarter, it also launched 40 Zudio stores and 13 Westside outlets.
Kedar Kadam emphasizes that while record SIP inflows indicate a strong structural shift in Indian investing, many investors lack clear financial goals. He advocates for intentional, goal-oriented investing to navigate global uncertainties and market volatility. A selective, disciplined approach, focusing on quality growth and due diligence, is crucial amidst stretched valuations and evolving market dynamics.
President Trump threatened to use emergency powers to deploy more troops into Democratic-led cities, citing the Insurrection Act amid legal challenges to military deployments. Judges have issued mixed rulings on National Guard deployments in Portland and Chicago, with governors opposing federal intervention.
The Trump administration is preparing to announce a $10-15 billion bailout for U.S. farmers impacted by trade disputes and large harvests. However, the ongoing government shutdown complicates the rollout, as Congressional approval for such a large payout is currently impossible. Existing government reserves are also insufficient to cover the proposed aid.
Tesla's shares rose over 5% following a teaser for an October 7 event, anticipated to unveil a more affordable vehicle to combat declining sales. Analysts expect this new model, potentially a stripped-down Model Y, to address falling annual deliveries and unlock new demand, despite previous delays and cost-cutting uncertainties.
Gold prices surged to an all-time peak on Tuesday, driven by U.S. economic and political uncertainties and anticipated Federal Reserve interest rate cuts. Despite some Fed officials signaling caution on further reductions, markets are pricing in more cuts. This environment, coupled with strong central bank buying and investor demand for hedges, propelled gold's significant year-to-date gains.
