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China's shift towards yuan appreciation is poised to boost emerging-market currencies, fueled by expectations of lower US interest rates. The yuan's influence as a regional anchor and its impact on trade flows extend beyond Asia. This policy change signals a departure from maintaining yuan stability, potentially easing central bank policies and benefiting the broader emerging market space.
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News and Media
Aavas Financiers' stock is recovering after a subdued June quarter, fueled by expectations of improved loan disbursement and attractive valuation. Despite a change in disbursement recognition policy impacting AUM growth, the company anticipates double-digit growth, driven by branch expansion and controlled credit costs. Analysts have revised target prices, with some upgrading their ratings on the stock.
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Nifty 50 is set to climb towards 25,500. Market breadth is improving. Analysts suggest buying on dips, with support at 24,700. BFSI, auto, consumption, and metals sectors are likely to outperform. IT and infrastructure sectors present bargain-buying chances. Stocks like SBI, Axis Bank, TCS, and Maruti could see gains. Railtel and Persistent Systems also look promising for investors.
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News and Media
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