Asset quality concerns in the microfinance sector continue even as they have voluntarily capped borrowers’ access to a maximum of three lenders beginning this fiscal year. Data released by the Microfinance Institutions Network (MFIN) show Portfolio at Risk (PaR) in the 31–180 day bucket rose to 5.4% at the end of June 2025, compared with […]
Nomura initiates coverage on Waaree Energies, Waaree Energies; predicts upside of up to 16%
Global brokerage Nomura has initiated coverage on solar module manufacturers Waaree Energies Ltd and Premier Energies Ltd, forecasting a potential upside of up to 16%. In its September 3 report, Nomura assigned a ‘Buy’ rating on Waaree Energies and a ‘Neutral’ rating on Premier Energies, citing India’s power demand, expected to grow at a CAGR […]
Maruti Suzuki, M&M among 10 stocks that hit 52-week high; rally up to 20% in a month – Fresh Peak
Benchmark Sensex rose by 150 points, closing at 80,718 on Thursday. During the broader market rally, 10 stocks from the BSE 200 index surged to their 52-week highs — marking their highest levels in the past year. These breakouts are often viewed by traders and investors as bullish signals, indicating strong upward momentum and the […]
US stocks open mixed after jobs data; Salesforce falls
Wall Street opened mixed on Thursday after a weaker-than-expected private payrolls report, while Salesforce shares dropped as the cloud company gave a downbeat revenue forecast. The Dow Jones Industrial Average fell 66.4 points, or 0.15%, at the open to 45,204.87. The S&P 500 rose 8.3 points, or 0.13%, to 6,456.6, while the Nasdaq Composite rose […]
Stock Market Holiday: Are BSE, NSE open or closed tomorrow for Eid-e-Milad 2025?
Indian exchanges NSE and BSE will remain open on September 5 despite the day being celebrated as Milad-Un-Nabi. Markets follow a structured holiday calendar, where Milad-Un-Nabi is not included among the scheduled full-day holidays. In the commodity segment too, there is no holiday scheduled for either the morning or afternoon sessions, and exchanges will function […]
GST reforms set to boost FMCG, auto, insurance and hospitality sectors: Saurabh Mukherjea
India’s recent GST reforms are poised to provide a significant boost to consumption and key sectors of the economy. Saurabh Mukherjea, renowned investor and founder of Marcellus Investment Managers in an interview to ET Now, shared insights on sectoral benefits and market outlook. “FMCG clearly benefits. But the biggest beneficiary is auto, smaller cars, two […]
Jane Street blindsides Sebi in fight over India trades
For weeks, India’s securities regulator believed Jane Street Group LLC was collaborating on its high-profile market manipulation case. The US firm had asked for more time and documents to prepare for a September hearing. Then, on Wednesday, the trading giant blindsided the authority by filing an appeal. While that was always within Jane Street’s rights, […]
Consumption boost and GST reforms set to drive economic growth and sectoral gains: Sunil Subramaniam
India’s economic landscape is poised for a significant uplift following the government’s recent policy announcements aimed at boosting consumption and reducing GST burdens. Sunil Subramaniam in an interview to ET Now highlighted the wide-ranging impact of these reforms: “This is probably as wide ranging a regulation that we have seen and it is not just […]
GST 2.0 trigger throws up over 90 stock ideas as rate cuts may spark new market cycle. Full list
Rewriting the market playbook for crores of stock market investors, GST 2.0 has delivered a consumption-driven bombshell that will make several goods and services cheaper, inject growth, boost corporate bottom lines, and, in the process, make equity investors richer. The expected consumption uplift could create a multiplier effect on overall economic growth, potentially strong enough […]
GST relief to boost insurance penetration, ease burden on policyholders: Nilesh Sathe
The insurance sector has received a major boost from the government’s latest GST reform, with the tax on insurance premiums reduced from 18% to nil. The move, hailed as a much-needed relief for policyholders, is expected to drive penetration in a sector long criticized for low coverage. Speaking to ET Now, Nilesh Sathe, former Member […]