Latest Reporting by Economic Times — Markets
20 Stories IndexedAmazon stock under pressure after FTC alleges $20 billion Ad overcharges
Amazon shares fell after the FTC and 22 states sued over alleged manipulation of advertising auctions, potentially causing $20 billion in advertiser overcharges. The case intensifies regulatory pressure, threatening Amazon’s high-margin advertising business and raising concerns about penalties, operational changes and future profitability.
Global Market: China equities muted as Hong Kong stocks slide amid global risks
Chinese equities remained largely subdued on Tuesday, with defensive sectors cushioning losses in technology stocks. The Shanghai Composite was nearly flat, while the CSI300 slipped marginally. Liquor, consumer staples and banking stocks gained, but technology-focused indices declined. Hong Kong stocks came under greater pressure, while global bond yields, Middle East tensions and oil prices above $90 added to risk-off sentiment.
Battle of metals: Gold or silver? What should investors choose as Warsh stokes rate hike fears?
Gold and silver have rallied sharply, but renewed US rate hike fears following Fed Chief Kevin Warsh’s Jackson Hole remarks have clouded the near-term outlook. While experts remain bullish on both metals, gold is preferred for stability and safe-haven demand, whereas silver offers higher upside potential but comes with greater volatility and correction risks.
Purple Style Labs IPO Day 2: GMP, subscription status, key details — Should you subscribe?
Purple Style Labs IPO enters its second bidding day with subdued demand and a GMP of around 1%, down from 5%. The Rs 680-crore issue has seen limited subscription, while ongoing losses and high valuation concerns weigh on sentiment despite strong revenue growth, celebrity backing and expansion of Pernia’s Pop-Up Shop.
Bajaj Auto shares rise 3% after August sales jump 28% YoY
Bajaj Auto shares rose on Tuesday after the two- and three-wheeler maker reported a 28% year-on-year increase in August sales. Strong export growth drove the performance, with two-wheeler exports rising 53%. Commercial vehicle sales also grew 22%, while the company’s April-August sales increased 29% year-on-year.
FOMO alert: Retail investors sold 1,051 stocks before they soared 36% on average
Retail investors reduced holdings in 1,051 NSE-listed stocks in the June quarter, even as these stocks gained an average 35.79%. This outpaced the 24.22% average rise in 1,130 stocks where retail ownership increased, suggesting investors may have exited some winners too early.
Global Market: AI hardware demand powers Asia’s manufacturing growth in August
AI hardware demand helped sustain manufacturing growth across several Asian economies in August, with China, Japan and South Korea recording expansion. Strong semiconductor and technology exports supported factory activity, while Taiwan, Malaysia and the Philippines also grew. However, the prolonged Middle East conflict and rising costs pose risks to the region’s outlook.
Milky Mist shares rally over 9% after Q1 profit surges nearly tenfold
Milky Mist Dairy Food shares rallied over 9% after the dairy products maker reported a nearly tenfold year-on-year jump in Q1 profit to Rs 65 crore, while revenue rose 43.6%. Stronger margins and robust growth across key categories, including yoghurt, ice cream, cheese and paneer, supported the performance.
Global Market: Shein's weak listing draws analyst concerns over valuation and margins
Shein shares fell 8% on their Hong Kong debut despite strong IPO demand, reflecting concerns over slowing growth, tariffs, trade restrictions, valuation and competition. The fast-fashion giant is diversifying into third-party marketplaces and lifestyle categories, but investors remain cautious about whether Shein can sustain growth and profitability amid rising challenges.
ITC shares rise 5%; Happiest Minds falls 8% after FMCG major acquires IT firm. What shareholders must know
ITC shares rose, while Happiest Minds fell, after ITC Infotech announced plans to acquire and merge with the Bengaluru-based IT services firm. ITC Infotech will first buy a 22.1% stake from founder Ashok Soota for Rs 1,330 crore, followed by a share swap. After the merger, ITC will hold 73.4% of the combined entity, while Happiest Minds shareholders will own 19%. The deal will also give ITC Infotech a backdoor listing.
Global Market: Japan stocks see sector rotation as tech shares tumble
Japan’s Nikkei slipped 0.2% on Tuesday as investors rotated out of heavyweight technology and AI-linked stocks amid rising government bond yields and elevated oil prices. The broader Topix gained 0.5%, with auto and utility stocks supporting the market, highlighting a shift in sector leadership.
Global Market: Japan stocks see sector rotation as tech shares tumble
Japan’s Nikkei slipped 0.2% on Tuesday as investors rotated out of heavyweight technology and AI-linked stocks amid rising government bond yields and elevated oil prices. The broader Topix gained 0.5%, with auto and utility stocks supporting the market, highlighting a shift in sector leadership.
Closing Auction Session needs market makers as price swings persist
India’s new 20-minute Closing Auction Session (CAS) absorbed a record $4.2 billion in MSCI-linked trades on Monday, but sharp price swings persisted despite the surge in volumes. Around 60 stocks hit their 3% price limits, highlighting concerns over thin liquidity and the lack of market makers, which could be crucial for the system’s long-term success.
Sugar rush on Dalal Street: Stocks soar up to 59%, but are valuations turning risky?
Sugar stocks have witnessed remarkable growth on Dalal Street this August, with several firms recording substantial increases in share prices attributed to rising sugar values. Nevertheless, analysts remain split regarding the sustainability of these valuations. The sector's progress is supported by positive fundamentals and ethanol blending mandates, yet investors are advised to keep a vigilant eye on potential policy shifts and global market trends.
ESDS Software Solution IPO Day 3: GMP indicates 74% premium; issue subscribed 18.34x. Should you bid?
ESDS Software Solutions IPO entered its final bidding day on September 1, with the issue subscribed 18.34 times by Day 2. Retail investors subscribed 14.61 times, while the IPO’s grey market premium stood at around 74%, signalling expectations of a strong listing. The Rs 720-crore issue, priced at Rs 408–429 per share, comprises entirely a fresh issue of 1.68 crore shares.
Rays of Belief IPO opens today: GMP at 20%; Check price band, lot size and key details
Rays of Belief IPO opens for subscription today, with the Rs 125-crore issue entirely comprising a fresh issue of 52.30 lakh shares. Priced at Rs 227–239 per share, the IPO has attracted a 20% grey market premium. The company raised Rs 50 crore from anchor investors ahead of the issue, with shares scheduled to list on September 8.
Sensex slips over 100 pts, Nifty below Rs 24,050 as bank, pharma shares fall; small, midcaps see deeper cuts
Nifty and Sensex opened lower on Tuesday amid bank and pharma weakness, Middle East tensions, rising crude prices and foreign outflows. Broader markets also declined. Analysts expect the Nifty to remain range-bound, supported by strong domestic growth, while elevated US bond yields and geopolitical risks could pressure equities.
Global Market: KOSPI gains as AI-driven chip demand lifts South Korean export
South Korean shares gained on Tuesday, with the KOSPI rising 0.33%, as stronger-than-expected exports and robust semiconductor demand linked to the AI boom supported technology stocks. Samsung Electronics, SK Hynix and LG Energy Solution led gains, while the Korean won weakened and government bond yields rose.
Refinery to the world: Energy expert Anas Alhajji on India's surprising fuel advantage
Following a critical oil crisis, India has surfaced as a pivotal fuel supplier. Refineries reached peak performance, promoting export expansion. This development facilitated fuel provision to nations like Kenya. Nonetheless, the crisis underscored India's reliance on Gulf gas sources, emphasizing the need for varied suppliers and robust strategic oil reserves for future preparedness.