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European equities slipped on Wednesday, retreating from a five-month closing high in the previous session, after tech stocks tracked dour performances of their Wall Street peers and as the defence sector faced pressure for a second day.

Gold October futures held steady near Rs 98,800 per 10 grams on MCX despite a strong dollar and easing geopolitical concerns. Analysts warn more downside is likely ahead of the Fed’s Jackson Hole speech, with prices expected to stay volatile alongside silver.

A potential GST cut on automobiles could spark a rally in auto stocks, with Mahindra & Mahindra, Maruti Suzuki, Ashok Leyland, and TVS Motor seen as key beneficiaries, Nomura said. The brokerage’s scenario analysis suggests upside across all cases, highlighting margin gains and demand boost potential, though Maruti’s near-term outlook remains Neutral pending clarity on the tax cut.

In FY26 so far, 11 stocks within the BSE Auto Index have delivered double-digit gains, with eight names — such as Hyundai Motor India, Bosch, UNO Minda, Hero MotoCorp, TVS Motor, Ashok Leyland, MRF, and Mahindra & Mahindra — soaring between 25% and 50%.

Rajesh Bhatia of ITI MF advocates for including telecom stocks in core portfolios, highlighting tariff increases and growing free cash flow. He also favours digital economy companies like PB Fintech and Zomato, citing their rapid growth and potential profitability. Bhatia expresses less optimism about oil and gas, preferring sectors with predictable growth.

Nitish Mittersain of Nazara Tech clarifies the online gaming rules impact. He states PokerBaazi stake doesn t affect consolidated revenue. A past PAT loss of ₹20-25 crore from Moonshine is noted. Future investments are under evaluation pending bill details. Existing investments in PokerBaazi might face write-offs. Nazara is well-capitalized with ₹800 crore cash.

Saurav Ghosh of Jiraaf highlights high-yield corporate bonds as attractive in 2025. Equity market volatility and global trade shifts favor debt. India s strong economy and healthy corporate balance sheets support this. Rate cuts are expected, boosting debt markets. Online bond platforms are gaining traction. High-yield bonds offer stability and predictable returns for investors seeking diversification.

Gold prices on the Comex exchange are projected to climb to USD 3,600 per troy ounce by the end of 2025, according to a report by Ventura. The forecast follows a fresh record high of USD 3,534.10 on August 7, surpassing the earlier peak of USD 3,509.90 in April this year.

Vedanta shares slipped on Wednesday after NCLT deferred its demerger hearing to September 17, following serious objections from the Centre over alleged non-disclosure of key details. Sebi had previously issued a warning, and the Supreme Court rejected the company’s plea on Talwandi Sabo benefits.

China stocks rose to their highest level since 2015 on Wednesday, extending a rally fuelled by a rotation of funds into equities amid easing trade tensions and Beijing s crackdown on excessive competition.