https://drive.google.com/file/d/1o5TLtCJeFc6cgMnYHAnorzw8b40We1hv/view?usp=drivesdk
🐂 Markets snapped a three-day losing streak, with the Sensex closing 319 points higher and the Nifty reclaiming the 25,570 mark, lifted by positive global sentiment.
🐂 Adding to the optimism, Goldman Sachs upgraded India to ‘Overweight’, projecting the Nifty could reach 29,000 by 2026 on the back of strong earnings potential.
🐂 The ongoing earnings season created clear winners, as NALCO shares soared 9% after the company reported a robust 37% jump in Q2 net profit and declared a healthy interim dividend.
🐻 Lenskart’s much-watched market debut was subdued, listing at a 3% discount to its issue price, highlighting investor caution around the high valuations of new-age tech companies.
🐻 On the flip side of earnings, Transformers & Rectifiers crashed 20% to hit its lower circuit after reporting a significant drop in quarterly profit, showing that weak performance is being severely punished.
The Indian market kicked off the week on a strong footing, riding a wave of global optimism as hopes for a resolution to the U.S. government shutdown lifted investor spirits. This positive sentiment was reinforced by a significant long-term upgrade for India from Goldman Sachs. However, the day’s trading was a tale of two markets. While the indices painted a rosy picture, underlying stock-specific action was highly discerning. Strong quarterly earnings from companies like NALCO were met with enthusiastic buying, while disappointing results and frothy IPO valuations faced a cold shoulder from investors. The market is buying into the India growth story but remains selective, rewarding fundamental strength above all else.
Stay sharp.
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