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Vikas Pershad and Deepika Mundra from M&G Investments outline their investment strategies, focusing on sectors such as auto ancillaries, EMS companies, and defence. They emphasize the need for profitability in investments and caution against overvalued IPOs. Long-term growth is anticipated in industrials and healthcare sectors. They also indicate sectors where an investment can double in five years.

The US Federal Reserve has cut interest rates by 50 basis points to address rising unemployment and bolster demand. Historically, such cuts have led to market corrections, but current US GDP growth suggests a different outcome. Indian markets, with strong GDP growth and robust liquidity, may remain resilient despite global trends.

A total of 3,073 shares changed hands on the counter till 01:59PM (IST)

Without admitting or denying the SEC’s findings, GQG agreed to be censured, to cease and desist from violating the whistleblower protection rule, and to pay a $500,000 civil penalty, it said in a release.

The stock quoted a 52-week high of Rs 196.8 and a 52-week low of Rs 85.51.

The market value of on-chain real-world assets (RWAs) has surpassed $12 billion, with potential to reach $16 trillion by 2030. RWA tokenization allows fractional ownership of high-value assets like real estate and commodities, enhancing liquidity and access. India is making strides in this space, particularly through GIFT City.

Short covering occurs when traders repurchase shares they sold short, often due to changing market sentiment, leading to reduced open interest and potentially higher stock prices.

The IPO of KRN Heat Exchanger saw strong demand on Day 3, being subscribed 93 times overall, largely due to significant interest from non-institutional investors. By 12:30 pm, the issue was subscribed 256 times by non-institutional investors, while the retail category saw a subscription rate of 73.6 times.

A total of 2,065 shares changed hands on the counter till 01:08PM (IST).

The Relative Strength Index of the stock stood at 57.47 on Friday.