Corporate hospitals are growing in big and smaller cities. Diagnostics is consolidating with stringent quality norms. Pharma faces US market challenges but is steady elsewhere. Cotton import duty suspension is unlikely to boost textile exports significantly. Textile margins are thin, and US consumer demand may weaken. Rising inflation and tariff issues pose challenges for the Indian textile sector.
India's bond market is poised for growth, fueled by S&P's sovereign rating upgrade and anticipated index inclusions. This positive momentum, along with potential GST reforms, is expected to lower yields and attract foreign investment. Experts suggest banks, top-tier NBFCs, and infrastructure financiers will likely benefit from these favorable conditions.
Following the sovereign rating upgrade, India's corporate bond market anticipates a gradual repricing, benefiting high-grade issuers like financial institutions and infrastructure firms through reduced borrowing costs. While the RBI's policy remains steady, potential rate cuts in FY26 could further influence fixed income strategies.
Investors interested in Dev Information Technology's stock split should buy shares today. August 21 is the record date. The company announced a 5:2 stock split, reducing the face value. This makes shares more affordable and increases liquidity. Buying shares tomorrow won't qualify for the split. Stock splits attract retail investors and boost trading volumes.
Regaal Resources made a stellar debut, listing with a 39% premium after its IPO was oversubscribed 150 times. The company's strong financial performance, with a 53% revenue increase and doubled profits, fueled investor interest. The maize starch manufacturer's IPO saw robust demand across all investor categories.
Mahendra Realtors and Infrastructure is set to debut on the NSE SME platform on Wednesday, following a Rs 49.45 crore IPO that was oversubscribed 25.15 times. Despite strong investor demand, the stock shows no grey market premium, suggesting a flat listing at Rs 85 per share.
Asian equities declined following Wall Street's tech selloff, triggered by Nvidia's slump and concerns over an overextended rally. Investors are reducing tech positions amid worries the rally has moved too fast, with attention shifting to Jerome Powell's upcoming speech at Jackson Hole.
