The spread between the RBI repo rate at 5.50% and the 10-year government bond yield at recent high of 6.54% stands at around 104 basis points, reflecting a modestly upward-sloping yield curve.
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Today’s global economic landscape is characterized by geopolitical uncertainties, slowing growth, fragmented supply chains, volatile financial markets and relentless technological change. India has demonstrated strong economic resilience in times of crises, turning them into opportunities through reforms. On Monday, Prime Minister Narendra Modi chaired a high-level meeting to discuss the roadmap for India’s next-generation reforms.
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Stocks to buy: Axis Securities' top conviction ideas include Hero MotoCorp and Bajaj Auto in two-wheelers, Ashok Leyland in commercial vehicles, and Mahindra & Mahindra in passenger vehicles and tractors, supported by its strong SUV portfolio and tractor leadership.
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Stock market today:The benchmark Nifty 50 Index ended just short of the psychological hurdle of the 25,000 mark. The experts say that one may expect Nifty to move up further in the short term and could reach the upside target of 25300 in the near term. Immediate support is placed at 24850.
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The Indian stock market faces mixed signals with optimism from GST reforms and S&P upgrades, while challenges arise from tariffs and weak earnings. Experts suggest focusing on value stocks like PSU banks, infrastructure, and energy for long-term gains amid market volatility.
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India's online gaming industry faces a potential complete ban as a draft bill is proposed in the Lok Sabha. Mint chalks out the start of online gaming startups in India, key milestones, GST hurdles, state bans and more.
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Godfrey Phillips India's stock rebounded 13.5% to ₹10,975 after recent declines. The company's strong quarterly results initially boosted shares, but fears of a 40% GST on sin goods caused volatility. The firm reported significant revenue growth and strengthened partnerships during June quarter.
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The move to regulate online gaming makes sense, but the proposal to ban any game with a monetary dimension is a total mistake.
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The Indian stock market stayed in positive territory for the fourth consecutive session on Tuesday, August 19, as GST rationalisation and India’s credit rating upgrade kept investor risk appetite intact.
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The proposed GST reforms are boosting the Indian stock market and FMCG sector, with a projected ₹1.98 lakh crore consumption increase. Analysts note a recovery trend, particularly in rural demand, but express caution about a full revival of FMCG stocks amid rising competition from digital players.
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