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BSE member Ramesh Damani says India’s shift to state-directed capex — from defence and rare earths to shipbuilding and urban redevelopment — will form the next decade’s profit pools. He urges active stock picking, long-term equity bets for grandchildren, and selective exposure to pharma and strategic PSUs as Samvat 2082 investment themes.

Ace investor Vijay Kedia urged investors to look beyond bullion gains, calling gold and silver “lifeless money” without creativity. Amid record rallies, he stressed equity investing as a path to value creation, while reshuffling his Rs 1,292 crore portfolio with selective additions and trims.

The Indian Rupee weakened by 7 paise to close at 88.03 against the US Dollar on Friday. Trade tensions and global uncertainties impacted the currency. However, foreign fund inflows and lower crude oil prices provided some support. The domestic equity market saw significant gains.

IndusInd Bank is likely to post up to 82% YoY fall in Q2 FY26 profit as higher provisions, weak treasury income, and margin pressure weigh on performance. Brokerages see muted loan and deposit growth amid asset-quality concerns.

Wipro CEO Srini Pallia says demand remains strong across BFSI, healthcare, and technology as the company closes $9.5 billion in bookings for H1 FY25. CFO Aparna Iyer attributes margin dip to a one-off client provision while maintaining a stable outlook. Wipro’s pipeline, led by AI and automation projects, positions it for gradual growth in FY26.

Despite steep 2025 declines, 10 midcap stocks, including Kalyan Jewellers, Brainbees, and Vedant Fashions, show strong recovery poten

As Diwali approaches, markets have seen a strong rally led by large-cap banking and consumer stocks. Neeraj Dewan anticipates corporate earnings will drive future momentum, with consumer-facing sectors, financials like Jio Financial, and real estate stocks such as DLF and Max Real Estate showing promise for investors.

European shares tumbled on Friday, on course for their biggest drop in six weeks, as renewed concerns about the health of U.S. regional banks hurt lenders globally.

Gold has surged 63% between Dhanteras 2024 and 2025, hitting record highs globally and in India. Analysts cite festive demand, central bank buying, and macroeconomic uncertainty as key drivers, with prices potentially reaching $4,500/ Rs 1,35,000 in the coming months.