Helios Mutual Fund's CEO, Dinshaw Irani, projects a steady market landscape ahead. He cites underlying economic weaknesses and global tensions as key factors influencing this prediction. However, there is a silver lining with liquidity flows providing stability. Anticipated interventions from the RBI could yield favorable outcomes in the near future.
Amid escalating Israel-Iran tensions, oil markets are on edge, with Brent crude hovering near $73 a barrel. Concerns rise over potential disruptions to Strait of Hormuz, a vital oil route. While a doomsday scenario of $150 per barrel is unlikely, analysts warn of potential spikes to $120, impacting global inflation and India's economy.
Feroze Azeez from Anand Rathi Wealth suggests the NSE's shift to Tuesday expiry and BSE's Thursday expiry will significantly impact derivative traders. BSE stands to gain market share due to Thursday's proximity to the weekend, making it attractive for hedging. While NSE might see unchanged volumes, BSE's volumes, especially on Fridays, are expected to increase.
Motilal Oswal has downgraded BSE to Neutral and cut its target price to Rs 2,300, citing potential market share loss after the exchange shifts its weekly Sensex derivatives expiry from Tuesday to Thursday, effective September 1, 2025. The brokerage expects the move to dent BSEs premium turnover share, which stood at 22.6% in May 2025.
Hindustan Zinc shares: The selloff coincides with the company's rollout of a multi-year expansion strategy, leading to a split among Dalal Street brokerages on whether the ongoing correction presents a buying opportunity or warrants a more cautious approach.
The Tirumala Tirupati Devasthanams board proposes renaming Renigunta airport as Sri Venkateswara International Airport to reflect its spiritual significance. Additionally, a new Lord Venkateswara temple will be constructed in Bengaluru, with the Karnataka government allocating land. TTD will also receive electric buses for pilgrims and establish a CSIR lab to ensure the quality of prasadam materials.
