Stock market recommendations: Bajaj Broking Research suggests Godawari Power and Ispat Limited and Apollo Micro Systems as top stock picks amidst market volatility influenced by new US tariffs. Nifty faces support at 24,400-24,350, while Bank Nifty’s key support is at 53,000. Focus remains on quality stocks benefiting from GST reforms and the festive season.
Brokerages maintain positive outlooks on several stocks. Nuvama highlights Maruti Suzuki’s EV production and capacity expansion. Motilal Oswal sees transformational growth for Adani Ports. Jefferies notes ICICI Bank’s rising risk profile but stable credit costs. Investec anticipates improved returns for RBL Bank, while ICICI Securities emphasizes Allied Blenders & Distillers’ premiumization strategy.
India’s textile sector receives a boost as the government extends the import duty exemption on cotton until December 2025. This move aims to enhance competitiveness in global markets, revive orders for SMEs and export units, and stabilize raw material costs across the textile value chain. The decision is expected to safeguard employment and indirectly benefit…
India’s industrial production surged to a four-month high of 3.5% in July, primarily fueled by a robust manufacturing sector which grew by 5.4%. While manufacturing showed strong growth, mining contracted significantly and power generation saw a modest increase. Overall industrial production for April-July FY26 expanded by 2.3%, compared to 5.4% in the same period last…
Investing consistently over a longer period, even with smaller amounts, can yield significantly higher returns due to the power of compounding. An SIP of Rs 15,000 for 20 years can generate a larger corpus than an SIP of Rs 20,000 for 15 years, highlighting the importance of time in wealth creation.
India’s proposed GST reforms aim to soften the impact of US tariffs and boost household spending, according to BMI. The government plans to lower tax rates on commonly used items, potentially offsetting the effects of 50% US tariffs. While GST is a major revenue source, the reform’s fiscal impact is expected to be mild.
Federal Reserve governor Lisa Cook is challenging her dismissal by Donald Trump in court, alleging it threatens the Fed’s independence. Trump cited mortgage fraud allegations as the reason, but Cook claims it’s a pretext to install a loyalist and influence interest rates. The lawsuit argues the firing lacks ’cause’ and could undermine the Fed’s ability…
Indian textile exporters are bracing for a significant blow as the U.S. imposes steep 50% tariffs, potentially impacting nearly a quarter of India’s textile exports. Order cancellations have already begun, but the government’s extension of duty-free cotton imports until December 31st offers some relief.
