India's auto sector shows renewed vigor post-GST rate rationalization, with passenger vehicles leading the recovery and two-wheelers showing optimism. Commercial vehicles, however, are expected to take longer to rebound, linked to broader capital expenditure. Meanwhile, investors are advised caution on IPOs, urging a wait for financial clarity post-listing.
Artificial intelligence deals propelled the S&P 500 and Nasdaq higher on Monday, with Amazon's $38 billion agreement with OpenAI and Nvidia's chip allocation boosting tech stocks. Despite a foggy monetary policy outlook due to scarce economic data and a government shutdown, market sentiment was supported by positive trade news and dovish Fed commentary.
The US economy faces unprecedented uncertainty due to a prolonged government shutdown, halting crucial economic data. This data blackout, the longest in history, leaves economists and policymakers like the Federal Reserve struggling to assess the labor market's health and inflation trends, akin to driving in heavy fog.
Groww, a leading online investment platform, is set to launch its IPO, aiming to raise over 6,600 crore. Funds will bolster subsidiaries, enhance cloud infrastructure, and support brand building. The company boasts strong user growth and a young demographic, positioning it for future wealth creation.
