I remain constructive on pharma index and if I had to talk about any stock from the pharma index, then Glenmark is one of the counter where we also had advised long to our clients in the morning and we have booked the longs over there, just a disclaimer.
Elon Musk's Department of Government Efficiency has requested broad access to the IRS's detailed financial data, causing privacy concerns. Musk aims to reduce government spending, but experts worry about potential misuse of taxpayer information. The request has not been granted yet, but it has raised alarms about privacy and security implications.
You need to keep in mind in the last three years what has happened is that in everybody's portfolio smallcap has outperformed and cyclical value biased sectors have outperformed.
Germany's economy struggles with high energy costs and unemployment, impacted by the loss of cheap Russian gas. Calls for infrastructure investment and reform of the constitutional debt brake are gaining momentum as the country faces prolonged economic contraction ahead of the upcoming general election.
I was just looking at the data, while from September till now, India is probably amongst the markets which has fallen the most. In a five-year frame, if you look at the number, India is like by far the best performing market in the world. So, we were doing very well. We will continue to do very well.
Sri Lanka aims to transform its economy and commence debt repayments by 2028, President Anura Kumara Dissanayake stated in his first full budget. The budget aligns with a $2.9 billion IMF bailout, targeting a primary surplus of 2.3% of GDP and significant poverty reduction while maintaining stable exchange rates.
Globally also, if we look at various parameters which include the easing off of US bond yields as well as the easing off of the US dollar, all those also are sort of positive for emerging markets along with the significant rallies which we have started to see in some emerging markets, the large markets like Brazil, Hong Kong, etc.
The Nifty50 formed a triple bottom around 22,780 on the daily scale, indicating strong support. However, the red candle on both the daily and weekly charts signals a lack of strength in the upside recovery, according to experts.
