India’s 10-year benchmark bond yield climbed to a two-month high of 6.88% before closing at 6.85%, posting its biggest weekly rise this fiscal. Hawkish MPC minutes, potential rate hikes and escalating West Asia tensions drove cautious sentiment among bond traders.
Major Wall Street indexes opened higher on Friday after significant declines. The Dow Jones Industrial Average saw a slight increase at the opening. The S&P 500 also experienced a rise in its opening figures. The Nasdaq Composite index registered a notable gain at the opening bell. Markets are still set to finish the week with losses.
In the first quarter of fiscal year twenty twenty-seven, real estate prices experienced a significant six percent year-over-year rise. Major cities such as New Delhi, Noida, Chennai, Greater Noida, and Bengaluru spearheaded this trend. While residential sales saw a moderate three percent uptick, the launch of new projects declined alongside an increase in unsold inventories in areas like Bengaluru, Hyderabad, and NCR, illustrating a complex market dynamic.
India is set to launch a $1.2 billion incentive scheme to stimulate local manufacturing efforts. This initiative aims to draw in $1.8 billion of new investments over the next seven years, focusing on essential machinery such as tunnel boring machines and fire-fighting equipment. A major goal is to lessen reliance on imports, particularly from China, while establishing local value-addition targets for machines that are fully imported.
Indian equity benchmarks ended largely flat on Friday, extending gains for a second straight session despite Middle East uncertainties. Power Grid, HDFC Life and Kotak Mahindra Bank led the gainers, while Maruti Suzuki, Trent and HCL Tech were among the top losers. Broader markets outperformed with positive market breadth.
India’s PMS industry expanded in July, with AUM rising 2% month-on-month to Rs 44.11 lakh crore and clients increasing 1.3% to 2.23 lakh. Annual growth stood near 11%, while strong inflows, expanding distributors and domestic investors supported continued industry growth.
Chinese humanoid robot maker Unitree made a spectacular stock market debut in Shanghai, with shares soaring 600% over the IPO price. However, CEO Wang Xingxing cautioned that a major software breakthrough for humanoid robots could still be years away, despite growing optimism around embodied AI and the global robotics market.
Bitcoin surged nearly 9% to cross $79,000 as institutional inflows, a sharp short squeeze and regulatory optimism fuelled a broader crypto rally. Ethereum also gained over 5%, while major altcoins rallied up to 17.48%. Analysts said the breakout marks a shift in momentum but cautioned investors to expect volatility and possible consolidation after the rapid gains.
Nobel Hygiene has filed its DRHP with SEBI for an IPO comprising a fresh issue of up to Rs 150 crore and an offer for sale of up to 15.51 million shares. The company plans to use the fresh issue proceeds for debt repayment, subsidiary investment and manufacturing expansion, as it seeks to capitalise on India’s fast-growing adult absorbent hygiene market.
Jefferies retained its Buy rating on Crompton Greaves Consumer Electricals with a Rs 330 target, implying nearly 29% upside. The brokerage expects the company’s premiumisation strategy, market share gains, new product categories and margin expansion to drive a 12% revenue CAGR and 18% EPS CAGR through FY29.
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