Bangladesh's Anti-Corruption Commission (ACC) filed six separate cases against Sheikh Hasina and her family members last January for allegedly illegally allocating government's plots at Purbachal area in Dhaka. The verdict in the remaining three cases will be announced on December 1.
The Nifty50 index reached a record high of 26,310.45. Strong buying in financial, IT, infrastructure, and consumption stocks fueled the rally. Domestic institutional flows and sector-specific momentum supported the gains. Bajaj Finance and Larsen & Toubro were among the top performers. Despite some declines, the overall market sentiment remained positive.
Gujarat Mineral Development Corporation (GMDC) shares surged 7% for a third consecutive day following a Rs 7,280-crore government incentive scheme to boost domestic production of critical minerals. This initiative aims to reduce reliance on China and create significant production capacity for rare earth magnets, benefiting companies like GMDC.
Seasoned voices like Dinshaw Irani expressed unwavering confidence in the market's trajectory, anticipating new highs this year. He dismissed valuation concerns, highlighting strong earnings growth across market caps as the primary driver. Irani is particularly excited about smallcaps, seeing significant potential for growth once foreign investors rejoin the rally.
IREDA shares have witnessed volaityly in the recent past, surging 632% in 13 months before tumbling 42% in just 50 sessions. Despite strong Q2FY26 earnings and long-term growth potential, analysts warn of ongoing bearish momentum, margin pressures, and sectoral headwinds. Investors are advised to hold near support levels of Rs 137140.
MCXs surge past Rs 10,000 milestone, has turned Uday Kotaks 2014 crisis-time investment into a massive 1,618% gain, with Kotak Mahindra Banks 15% stake now valued at 7,887 crore. The rally follows strong earnings, rising 29% YoY, and has pushed the stock well above key moving averages despite elevated volatility.
US markets may seem calm but economist Andrew Freris sees underlying weakness. Consumer confidence has dropped significantly. Inflation remains high. Freris believes any Fed rate cut would signal economic trouble, not progress. He strongly advises against investing in US stocks. Instead, he suggests focusing on Asia and the European Union for better returns.
