Market expert Sudip Bandyopadhyay advises long-term investors to view Eternal's stock dip as a buying opportunity, emphasizing the company's growth-oriented strategy in quick commerce and food delivery. He highlights Eternal's leadership in Blinkit over Swiggy's Instamart, recommending patience for desired returns in this competitive sector.
In an assertive call to action, President Xi Jinping has highlighted the necessity for China to seize the strategic momentum. Amid a landscape filled with both opportunities and hurdles, Xi pointed towards the urgency for advancements in critical technology sectors.
President Trump announced plans to brief Congress on operations against drug cartels. He stated that land operations against those bringing drugs into the country are next. The U.S. military has increased its presence in the Caribbean. Trump indicated a direct approach to dealing with drug traffickers. Venezuelan President Maduro issued a warning against U.S. intervention.
Infosys and several other Indian companies are set to reward investors with interim dividends. Today, October 26, is the final opportunity to purchase shares and qualify for these payouts. Companies like CRISIL, L&T Technology Services, CESC, PCBL Chemical, and 360 One Wam are also offering attractive dividend yields.
On Thursday, Indian markets opened on a high note, buoyed by positive reactions to corporate earnings and global political dynamics. The announcement of a pivotal meeting between US President Donald Trump and Chinese President Xi Jinping alleviated concerns over trade disputes. Strong performances from key companies further fueled market optimism, with energy sectors benefiting from a hike in oil prices.
Chemical companies anticipate a mixed September quarter. Volume recovery in some areas faces challenges from weak pricing and lower demand. Specialty and fluorine-based firms are poised for better results. Agrochemicals may see a weaker performance due to weather disruptions. Investors will monitor project launches and price trends.
Banking profits from treasury operations significantly declined in the September quarter, nearly halving due to rising bond yields and the absence of central bank support. This trend is expected to persist, impacting income for the current quarter as well. Major banks like HDFC and ICICI Bank witnessed substantial drops in their treasury gains.
Indian exporters, particularly in IT and textiles, saw a significant surge on Thursday following reports of an impending India-US trade pact. This potential deal could drastically lower US tariffs on Indian goods, boosting export prospects.
