Rising interest rates and bond yields are the biggest growth risks for wealthy investors, while Asia is seen as the most stable geopolitical region and the US remains the preferred destination for capital allocation.
On October 8, shares of Adani Group experienced sharp declines amid a wider market downturn, with Adani Green Energy plunging by 10% and Adani Enterprises by 7%. Despite receiving a long-term rating upgrade from CARE Ratings, investor confidence remained shaky. Other subsidiaries, including Adani Power and Adani Ports, also witnessed losses, underscoring the market's inherent volatility and investor unease regarding the current economic climate.
At least 46 companies are expected to report double-digit profit declines in Q2, despite Motilal Oswal projecting 22% earnings growth for its coverage universe. Autos, cement, healthcare, consumer and capital goods are among sectors facing pressure, highlighting the uneven nature of the September-quarter earnings recovery.
Vedanta dividend 2026: Vedanta has announced its first interim dividend of Rs 5 per share for FY27, with a total payout of Rs 1,955 crore. The dividend comes after the companys mega demerger earlier this year. Investors will need to hold Vedanta shares by October 14 to qualify, with October 13 being the last buying day.
Mastek shares witnessed an uptick on Thursday despite weak market sentiment after its UK subsidiary was selected by Staffordshire County Council for an AI-enabled Oracle Cloud transformation programme. The engagement will cover finance, procurement, human resources and payroll, with Mastek deploying its ADOPT AI platform as the councils integrated cloud platform.
Indian companies are projected to achieve profit growth during the September quarter despite various challenges affecting different sectors. Foreign investors are retreating from Indian stocks, impacting the benchmark Nifty 50 index's performance this year. Strong domestic demand and favorable conditions in certain sectors are expected to sustain earnings growth for many firms. Analysts believe that financials will be a significant driver of earnings, supported by healthy loan growth.
ITC shares witnessed a drop on Thursday amid reports of likely block deals, with nearly 39 crore shares changing hands across the NSE and BSE. The identities of the buyers and sellers involved in the reported transactions were not immediately known.
