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India’s generic pharma faces tariff uncertainty but retains edge in US market: JPMorgan analyst

​Cleveland Fed President Beth Hammack urged caution on monetary easing, citing persistent inflation above target. Despite a recent rate cut, she stressed restrictive policy remains vital as employment nears maximum levels.

Gold October futures hit a record ₹1,12,419/10g on Tuesday, up ₹23,000 from lifetime lows, as safe-haven demand stays strong ahead of the Fed chief’s speech. Silver futures stayed muted at ₹1,33,531/kg after Monday’s sharp rally.

Saatvik Green Energy IPO is fully subscribed on Day 3, though its grey market premium has slipped to 2%. The solar module manufacturer, offering EPC services, plans expansion across India and abroad. Analysts view the IPO as undervalued with strong long-term growth potential.

U.S. stock indexes achieved record closing highs for the third consecutive session, propelled by technology sector gains. Nvidia s investment in OpenAI and Apple s surge due to iPhone 17 demand fueled market optimism. Despite some Federal Reserve officials expressing caution about further rate cuts, the S&P 500 continues its strong performance this year.

The U.S. dollar experienced pressure in early Asian trading. Traders analyzed Federal Reserve comments for interest rate clues. Market jitters increased due to Congressional funding talks and U.S. President Donald Trump s economic policies. The dollar remained stable against the yen. Argentina s peso strengthened. Other currencies like the Australian dollar and yuan saw slight changes.

Oil prices remained stable amidst geopolitical tensions in the Middle East and Russia, coupled with concerns over trade tariffs impacting fuel demand. Escalating conflict in Gaza and Ukrainian drone strikes on Russian energy facilities added to market uncertainty. The EU s planned ban on Russian LNG imports and NATO s accusations against Russia further influenced the oil market.

Brigade Enterprises has signed a joint development agreement. The realty firm will build a residential project in Bengaluru. The project is located at Banashankari, 5th Stage. It will be spread over 7.5 acres. The project has a gross development value of about Rs 1,200 crores. Brigade Group is a leading real estate firm established in 1986.

House of Abhinandan Lodha is set to invest Rs 200 crore in Naigaon. This investment targets an affordable housing project. The company plans similar developments across metropolitan Mumbai. Seven sites are under consideration, including one near Navi Mumbai International Airport. The Naigaon project is a joint venture with Mittal Builders. Digital technology will be used to reduce costs for buyers.