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The Indian rupee weakened slightly against the US dollar in early trading. Investors are cautious, awaiting potential Russia-Ukraine talks and a speech from US Federal Reserve Chief Jerome Powell. Weak Asian markets and domestic equities also contributed to the rupee s decline. Brent crude prices edged higher, while Indian stock indices experienced early losses.

Gold prices experienced a slight increase to $3,318.07 per ounce, after hitting a near three-week low, as investors await insights from the Federal Reserve s Jackson Hole symposium. The dollar s strength is impacting gold affordability, while attention is focused on Jerome Powell s upcoming speech for monetary policy clues. Geopolitical developments, including potential U.S.

Corporate hospitals are growing in big and smaller cities. Diagnostics is consolidating with stringent quality norms. Pharma faces US market challenges but is steady elsewhere. Cotton import duty suspension is unlikely to boost textile exports significantly. Textile margins are thin, and US consumer demand may weaken. Rising inflation and tariff issues pose challenges for the Indian textile sector.

Kotak Mahindra Asset Management s Shibani Sircar Kurian highlights the Indian market s potential, driven by domestic sectors. Policy support, including tax and rate cuts, aims to stimulate consumption, while favorable monsoons and rising rural demand are positive indicators. Automobiles and fertilizers are sectors poised for growth, further boosted by China s lifted export restrictions.

Reliance Infrastructure and Reliance Power shares surged over 10% in two days after project wins boosted sentiment. Reliance Infra bagged an NHPC solar-plus-BESS project, while Reliance Power entered a Bhutan JV, strengthening their clean energy pipeline to over 3 GW solar and 3.5 GWh storage.

Bitcoin slipped toward $113,000 and Ethereum neared $4,100 as profit-taking, US tariffs, and inflation concerns weighed on sentiment. Experts flagged short-term holder capitulation, ETF outflows, and regulatory probes, but highlighted resilient support levels and whale accumulation as key factors shaping the next move.

Regaal Resources shares: The stock debuted at ₹141.80 on the BSE, a 39% premium to its IPO price of ₹102, and at ₹141 on the NSE, marking a 38.2% gain. However, the initial surge lost steam as the shares slipped to an intraday low of ₹131.9 on the BSE.

Ed Yardeni anticipates Fed Chair Jerome Powell to adopt a wait-and-see approach at the Jackson Hole Symposium. Upcoming inflation and payroll data will influence the Fed s decision on rate cuts. Yardeni believes inflation is stickier than perceived. He foresees a potential market dip in August-September, followed by a year-end rally. He projects the S&P 500 to reach 6600 by year-end.