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Gold prices dip slightly but set for fourth consecutive weekly increase. Anticipation of U.S. interest rate cut in September boosts demand for gold. Federal Reserve hints at potential rate cuts amid improving inflation trends. Unemployment claims rise, influenced by temporary closures and disruptions. Young affluent investors show interest in gold, according to study.

Sandip Sabharwal stresses tax relief to revive consumption, essential for GDP growth, and warns of a possible market sell-off next week or next month. Aditya Birla’s competition may drop Asian Paints’ valuations. Infosys shows cautious optimism. Paytm’s future remains uncertain. Gains for Dabur and Hindustan Unilever spotlighted, alongside TTML, Godrej Consumer, and Jyothy Labs in Budget and FMCG trends with rural exposure plays.

Yes, of course, the guidance, the upgrade and the number beat should mean that we will have a lot of upgrades happening from the street, upgrades particularly in terms of later quarter, that means the run rate would likely start growing or remain elevated as we move ahead. So, it will not be just 200 or 300 bps in terms of upgrades of earnings, it could be well over 400-500 bps kind of number.

Devang Mehta focuses on consumption, capex, and credit growth. He notes positive trends in RIL, banks, FMCG, NBFCs, IT stocks, and mentions sector rotation, Budget, FIIs, infrastructure aiding capex, and strong credit growth. Corporate profitability, cash flow strength, energy, hotels, spiritual tourism, corporate travel, ROEs, LTIMindtree, GMR Airports, InterGlobe Aviation, and Nasdaq impact are emphasized.

Asian and US stock markets experience a decline as economic concerns outweigh optimism from interest-rate cuts. Chip stocks show signs of recovery after US-China trade tensions. Investors await updates on market trends and economic data releases.

​But I will still prefer largecaps over the expensive midcaps, ER&D is totally different ballgame. I am okay to pay more as i am more comfortable paying reasonable value to the largecap service player.

Infosys echoed a continued slack in discretionary spending by clients. During an analyst conference call, it mentioned that though there are early signs of pick up in the banking, financial services, and insurance (BFSI) vertical, the largest revenue generator for the company, a strong recovery is not yet visible. BFSI contributed around 28% to the company’s revenue in the June quarter.

Tata Communications reported a 12.8% YoY increase in PAT for Q1FY25, with revenue surging to Rs 5,633.4 crore. The CEO AS Lakshminarayanan is confident of medium-term growth, having expanded product capabilities and increased customer relevance.