RBI economists caution about underpriced macroeconomic risks and rising global trade tariffs nearing 1930s levels. Despite these challenges, India s economy demonstrates resilience due to strong fundamentals, easing inflation, and proactive fiscal measures. Improved monsoon prospects and robust services sector growth further bolster the nation s economic outlook, even with modest industrial activity.

Despite market sell-offs since last September, around 50 smallcap, microcap, and penny stocks have surged dramatically, with returns ranging from 200% to 5,500%. However, many of these top performers reported losses or modest revenues, raising concerns about a potential bubble. Experts advise caution, noting that only a few demonstrate fundamental soundness amidst the exuberance.

Invesco Developing Markets Fund divested its holdings in two major real estate companies. The fund sold a significant portion of its stake in Oberoi Realty. The deal amounted to ₹1,883.2 crore. Invesco also offloaded shares of Lodha Developers. This transaction was valued at ₹1319.2 crore. These bulk deals occurred on Wednesday.

The markets showed positive movement, recovering slightly from recent losses. Several companies are in focus due to first quarter results and other developments. Tata Consumer reported a profit growth. Dr Reddy s saw a marginal increase in net profit. Bajaj Housing Finance also reported a jump in net profit. Infosys experienced a profit increase. BEML received a significant order.

NSE has declared that Tata Chemicals will be removed from the futures and options segment starting October 1st. However, the exchange clarified that existing unexpired contracts for July 2025, August 2025, and September 2025 will remain available for trading until their respective expiration dates. New strikes will also be introduced in the existing contract months.

Syngene International, a Biocon subsidiary, reveals an 11% revenue increase to Rs 875 crore for the first quarter. Net profit jumps 59% to Rs 87 crore. Growth is attributed to research services and biologics manufacturing. Operations commenced at Unit III in Bengaluru. Preparations advance for the Bayview facility in the US.

Infosys American Depository Receipts (ADRs) experienced a surge of over 3% following the release of its Q1FY25 earnings. The IT services company reported a 9% YoY growth in consolidated net profit, reaching Rs 6,921 crore, with revenue from operations rising 8% YoY to Rs 42,279 crore.

Tata Consumer Products Limited saw a rise in revenue. The company s revenue stood at Rs 4778.91 crore. Net profit also increased to Rs 346.44 crore. India business showed double-digit growth, driven by tea and salt. Starbucks added six new stores, reaching 485 stores across 80 cities. Revenue growth for Tata Starbucks was 6% during the quarter.