The IMF has urged governments worldwide to rein in spending, narrow budget deficits and reduce debt as global public debt approaches 100% of GDP. Rising bond yields and borrowing costs are adding to fiscal pressures and limiting room to tackle future economic shocks.
In an interview with Kshitij Anand of ETMarkets, Chandraprakash Padiyar, Senior Fund Manager at Tata Asset Management, says investors should focus on bottom-up stock selection rather than making investment decisions based solely on market capitalisation. He also highlights manufacturing as a promising wealth-creation theme, backed by improving cost competitiveness, strong balance sheets and ambitions to scale up globally.
Aegis Logistics agreed to acquire an 89.9% stake in Tristar Holdings for $809 million, expanding its global energy logistics operations. The acquisition, subject to regulatory approvals, is expected to close in the fourth quarter of the current fiscal year and broaden Aegis’s geographic reach, service offerings and profitability.
Five Nifty500 stocks that gained over 6% on October 13 featured in StockEdge’s RSI Trending Up scan, signalling strengthening price momentum as their Relative Strength Index (RSI) values crossed above 50 from below.
Four Nifty 500 stocks closed over 3% above their volume-weighted average prices on October 13, signalling potential intraday strength, according to StockEdge technical scan data.
Indian jewellery stocks present a mixed picture ahead of the festive season. Despite rising gold prices and macro headwinds, Q2 business updates show robust revenue growth. With the festive calendar shifting demand to Q3, analysts weigh in on valuations, earnings trajectory, and top stock picks for H2FY27.
Ravita Engineering Services IPO is a book-built issue worth Rs 116.05 crore, comprising an entirely fresh issue of 1.04 crore shares. The allotment is expected to be finalised on October 19, while the company’s shares are tentatively scheduled to list on the NSE SME platform on October 22, 2026.
In a recent trading session, the Nasdaq index took a hit as chip stocks continued their downward spiral, amid diverging results from major banks like Citigroup and Goldman Sachs. The PHLX chip index faced a substantial decline, sparking fears surrounding competition in this sector. Despite the turbulence, analysts express optimism about future earnings linked to AI-driven innovations.
Major US banks reported higher third-quarter profits, supported by resilient consumer spending, AI investment and stronger trading revenue. However, executives warned that persistent inflation, elevated interest rates and geopolitical risks could strain household finances and slow economic growth. JPMorgan Chase missed earnings estimates, while Goldman Sachs, Citigroup and Wells Fargo reported stronger results.
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