Mayur Patel of 360 ONE Asset Management sees improving structural drivers in financials, telecom, commercial vehicles, and integrated solar manufacturing, which are not fully valued for their medium-long term earnings. He highlights easing liquidity, trade deal benefits, and potential for revived foreign flows, while cautioning on AI disruption in IT services and rich valuations in FMCG and Defence.
Global currency markets saw the Australian dollar surge on hawkish central bank expectations, while the Japanese yen weakened due to political interference in monetary policy. Shifting interest rate outlooks dominated currency movements this month, with investors now focused on which central banks will lead in rate hikes, not cuts.
Gold prices remained stable as investors assessed U.S.-Iran nuclear talks, while a strong dollar pressured the yellow metal. Despite slight increases in jobless claims, the labor market appears steady. Markets anticipate Federal Reserve rate cuts, though economic optimism could temper this outlook.
Walmart will pay $100 million to settle FTC charges that it misled customers and drivers regarding earnings in its Spark Driver program. The company falsely claimed all tips went to drivers and inflated base pay and tip amounts. This settlement also prohibits Walmart from misrepresenting future delivery offers.
Sebi warns investors about fake notices demanding Securities Transaction Tax payments. Fraudsters are using forged Sebi letterheads to deceive people. The market regulator clarifies it does not issue such notices. Investors are urged to verify all communications. Sebi also cautions against unregistered individuals promising risk-free profits and handling trading accounts. Investors should check Sebi registration before investing.
The Nifty ended flat as financial stocks dragged despite gains in auto and consumer sectors. Technical indicators signal continued weakness, with resistance at 25,550–25,600 and downside risk toward 25,300. Analysts recommend buying Data Patterns and Finolex Cables on bullish breakouts.
Home First Finance shares fell nearly 6% after promoters Aether and True North sold Rs 660 crore stake via bulk deals to Societe Generale and PICTET. Despite the decline, the stock has outperformed benchmarks over one year and posted strong quarterly profit growth.
Working groups constituted by Sebi to review the delivery and settlement framework and existing regulatory norms in the agricultural commodity derivatives segment have submitted their reports to Chairman Tuhin Kanta Pandey, the regulator said on Thursday.
Sebi has directed all regulated entities and their agents to display registered names and registration numbers on social media platforms. The move aims to enhance transparency, curb misleading content and help investors distinguish between regulated intermediaries and unregistered market participants online.
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