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Indian markets opened higher, driven by ITC and IT stocks, but concerns over foreign fund outflows and the U.S. fiscal outlook may limit gains. ITC s strong quarterly profit boosted its shares, while Sun Pharma declined due to a profit drop. Experts caution about rising U.S. bond yields and their potential impact on emerging markets like India.

Ultra-high-net-worth individuals and NRIs are increasingly viewing luxury items like art, watches, and cars as appreciating investments alongside status symbols. Indian art auctions have surpassed ₹1,000 crore, marking a historic high, while watches gain popularity among younger investors. This shift reflects a changing wealth mindset, where lifestyle choices intertwine with financial goals in a diversified portfolio.

Ashi Anand discusses IndusInd Bank s potential recovery with new management and priced-in irregularities, suggesting current holders could keep holding. She also touches upon the coal sector s deregulation efforts and favors asset/wealth management in capital markets. Anand expresses caution on pharma due to Revlimid base effects, highlighting stock-specific opportunities.

Despite macroeconomic turbulence and global tariff tensions, Saurabh Mukherjea remains bullish on his Marcellus portfolios. Backed by valuation discipline, high-quality stocks, and ample cash reserves, his CCP strategy targets uncorrelated businesses with strong moats. As market growth slows, Mukherjea sees opportunity in select value plays and resilient earnings, trimming underperformers and holding cash for tactical entry points.

HFCL Q4FY25 results showed a net loss of Rs 81.4 crore due to weak optical fibre cable demand. Despite challenges, HFCL expects 25–30% revenue growth in FY26, driven by full capacity utilisation and defence segment contributions. The company also announced a 10% dividend and a new senior appointment in international sales.

On Thursday, both gold and silver ended lower in domestic and international markets. Gold June futures settled at Rs 95,536 per 10 grams, down 0.07%, while silver July futures closed at Rs 97,796 per kilogram, losing 0.46%.

BSE shares: BSE’s previously announced 2:1 bonus share issue took effect today, adjusting the stock price to Rs 2,335 on the NSE. Despite the adjustment, BSE shares climbed 2.3% intraday to hit a high of Rs 2,389.

Global long-term bond yields are rising sharply as investors demand higher returns amid growing debt concerns and inflation risks.

Peter Cardillo from Spartan Capital Securities suggests investing in gold. He anticipates a challenging period for stocks but expects gold to rally. He notes the dollar s weakness and potential for further decline. This could lead to imported inflation. Cardillo highlights concerns about the US tax bill s impact on deficits.

Shares of Premier Energies and Waaree Energies declined following a selloff in US clean energy stocks. This was triggered by the US House passing a tax bill that rolls back clean energy subsidies from the Inflation Reduction Act. The bill s passage has dampened sentiment for Indian solar exporters like Waaree and Premier Energies, potentially impacting global demand and order flows.