Asian shares declined Friday as US bank bad loans and credit market concerns dampened investor sentiment. Gold and silver hit record highs amid US economic fears and US-China tensions. The Bank of Japan signaled continued tightening, while the White House is set to ease auto tariffs.
India's food and beverage sector is set for a 9,000 crore IPO wave from over a dozen companies, signaling robust consumption growth and investor confidence. Major players like Milky Mist Dairy Food and Prestige Hospitality Ventures are leading the charge, with others like Curefoods India and Infifresh also planning significant public offerings.
Indian IT exporters are demonstrating strong deal wins, adapting to AI-driven client demands amidst a challenging business environment. Despite uncertainties, companies are strategically integrating AI, bolstering their pipelines and showing resilience. Improved hiring and a weaker rupee are expected to support performance in the latter half of the fiscal year.
Indian stock markets saw a significant rise on Thursday. Both Nifty and Sensex climbed 1 percent. Overseas investors slowed their selling. Domestic investors bought shares. Positive second-quarter earnings and hopes for a US-India trade deal boosted sentiment. Auto and FMCG sectors performed well. Analysts predict further gains if trade talks progress.
