Shares of Netweb Technologies surged to a record Rs 4,108 on the NSE, up 13%, extending a rally of 80% in a month and 170% in six months. The stocks momentum is driven by Indias digital infrastructure growth, AI adoption, data localisation policies, and major order wins, including Nvidia-powered server contracts and Tyrone GPU-accelerated AI systems.
Anand Rathi shares surged up to 12.7% driven by strong retail participation and positive market sentiment. Intraday gains of 4.7% reflect investor optimism and confidence in the companys growth outlook and fundamentals.
Market experts are urging caution for investors in the unlisted space, as valuations for companies with strong brands often appear stretched. Many current IPOs are fully priced, offering limited listing gains for new investors. Proper valuation analysis, rather than brand names alone, remains crucial for successful navigation.
The federal government shut down Wednesday amid a bitter spending deadlock between President Trump and Democrats over healthcare funding. Democrats demanded extended subsidies and restored Medicaid cuts, blocking the GOP's plan. Both parties rejected each other's proposals, leading to service disruptions and furloughs, while Trump threatened partisan actions.
Canara Robeco Flexi Cap Fund has consistently generated wealth for over two decades, driven by a philosophy of quality businesses and prudent risk management. The fund currently favors large caps due to valuation, while maintaining a growth-quality investment style. They hold a constructive outlook for Indian equities over the next 3-5 years, anticipating gradual earnings growth.
Gold prices edged higher on Wednesday, nearing record levels. A potential US government shutdown boosted demand for safe assets. Recent US labor data indicated a softening market. This reinforced expectations for Federal Reserve rate reductions. Traders anticipate rate cuts in October and December. Gold performs well when interest rates are low.
