Bajaj Auto shares fell nearly 4% despite a 14% YoY rise in Q1FY26 PAT to 2,210 crore. Revenue grew 10% to 13,133 crore, driven by strong export and premium segment sales. EBITDA stood at 2,500 crore with a 19.7% margin, down QoQ due to lower dollar realisations, partially offset by better product mix.
Market expert Sunil Subramaniam advises investors on navigating tariff uncertainties. He suggests assessing risk profiles and considering domestic sectors. Pharma and IT sectors have seen corrections. Focus on consumption, banking, and capital goods. Multicap funds are recommended. RBI's stable policy and India's insulated economy offer reassurance. Paint stocks are promising due to domestic orientation and softening crude prices.
Abhay Agarwal of Piper Serica highlights concerns over US tariffs affecting Indian industries. Order cancellations are already occurring in sectors like textiles. A resolution to the tariff disputes is crucial for market confidence. The RBI's recent policy was largely expected. Uneven growth and real inflation are key concerns for the RBI. Rate transmission to borrowers needs improvement.
JSW Cement launches its Rs 3,600 crore IPO today. The IPO includes a fresh issue and an offer for sale. Shares are priced between Rs 139 and Rs 147. The IPO will close on August 11. Listing on NSE and BSE is expected on August 14. Proceeds will fund a new cement unit and debt repayment.
The dollar weakened amid growing expectations of Federal Reserve rate cuts and concerns about political influence on U.S. institutions. Disappointing jobs data fueled speculation of a September rate cut, while the euro gained support from potential progress in Russia-Ukraine war talks. President Trump's nominations for Fed positions are also under scrutiny as traders anticipate further rate cuts this year.
The unspecified technological issue caused a 6:30 p.m. ground stop that affected airports alongside Chicago include Denver, Newark, Houston and San Francisco.
In a letter HUD sent Wednesday to the complaining parties, which was obtained by the Tribune, the agency said it was closing the case to instead focus on "real concerns regarding fair housing."
