Analysts have recently recommended stocks expecting returns between 16-23%; DCB Bank will return 16.3%, Manappuram 22.9%, and Global Health (Medanta)17%. There are several positives for each stock - DCB Bank is expected to have strong CAGR, Manappuram HC ruling should remove the existing stock overhang, and Medanta has a healthy execution skill set, strong brand recall, and growth visibility.

The IGB market is set to be included in the global emerging markets bond index starting June 2024. This event has been actively worked towards since 2013 when the idea was first floated and it marks a successful achievement for the Indian authorities in facilitating foreign investment into IGBs. Inclusion brings advantages, such as increased FPI inflows which will finance India's fiscal deficit.

Wave Group, established in 1963 and a business player in various sectors announced an investment of Rs 100 crore to expand their premium 7-screen multiplex - Wave Cinemas - with 35 cinema screens at seven to eight new properties. The cinemas are equipped with the latest cinematic technology including 4K laser projectors & Dolby Atmos audio and tailored for today’s moviegoers.

Equity indices in Mumbai dropped close to 1% on Thursday due to strength in global oil prices, US Treasury yields rising to 16-year highs, and foreign portfolio investors selling shares worth Rs 3,364 crore. This has resulted in both BSE’s Sensex and NSE’s Nifty falling to about 3.5% from their all-time highs.

The Nifty Realty index has risen by 6% in the past month due to buoyant property markets and increased demand for bigger houses. Analysts are positive on outlook for the sector, citing potential rate cuts in the next 12-14 months and an upswing in housing market activity. Popular picks from mid-caps include Sunteck Realty, Kolte Patil Developers and Sobha Realty.

Online gaming companies are facing huge tax demands from the GST Council; they should engage with the government for clarity & push to implement the tax changes prospectively. Maintain payment streams & address admin challenges, pursue legal options or get court relief. They need to approach the GST Council & demonstrate these changes won't kill the industry.

Vedanta Resources is proposing to restructure payments on US-currency bonds due in the next two years, with a portion of the principal deferred for three years from the original due date. The company has had meetings with international investors and the terms of the proposal could still change, as it faces some opposition from them.

India's external debt has risen 2.7% to $629 billion, mainly due to an increase in NRI deposits. Long-term debt by original maturity over the next twelve months was 42.8%. USD-denominated debt made up 54.4%, the largest portion of India's external debt. The external debt to GDP ratio dropped slightly to 18.6%. Debt service (principal & interest payments) increased to 6.8% of current receipts.

IHC, the largest publicly traded company in UAE, is selling its stake in two of India's Adani Group companies. This move, part of IHC's portfolio rebalancing strategy, follows fraud allegations against the Adani Group. IHC had previously invested $381 million in Adani Enterprises and $2 billion in three group companies, demonstrating their enduring confidence.

Apple and other smartphone makers have refused revenue-sharing agreements that would have helped Microsoft's Bing search engine gain default status. Jonathan Tinter, a MS VP, explained at the DOJ antitrust trial that Bing hasn't had success in the US and quality of search poorer as a result; yet, they'd still offer more than 100% of revenue and were unable to win out Google.

India is the third largest startup ecosystem in the world and is receiving increasing VC investment and support from the government to encourage innovation and entrepreneurship. Startups are creating jobs, providing innovative solutions, bolstering India's exports, and helping it become a $5T economy. Thanks to increasing collaboration between India and the US, the startup ecosystem is growing.

Trades executed in the equity and derivative segments on Sept. 28 and 29 will be settled on Oct. 4 due to a settlement holiday for Eid-e-Milad. Trading holidays and settlement holidays give participants a break from trading and settlement activities, with October 2 (Gandhi Jayanti) and 24 (Dussehra) being the next holidays.

Godrej Properties Ltd. (GPL) has acquired 109 acres near Samrudhhi Mahamarg and MIHAN SEZ in Nagpur to develop plotted residential units with 2.2 million square feet of saleable area. The land offers good connectivity to the highway and airport and well-developed infrastructure including schools, hospitals, retail, and entertainment venues.

Major Indian IT stocks such as Infosys, TCS, Wipro are under pressure after Accenture provided modest revenue growth guidance of 2-5% YoY in constant currency terms & 3% decline in deal-bookings for Q4FY23. Accenture further suggested that macro-environment won't see improvement in the near term, leading to decreased demand for communication related services, impacting its peers.

📊 Amid positive global cues, benchmark indices started on a positive note today. 📢 At 9:16 AM, the Sensex gained 188.79 points or 0.29% at 65,697.11. Nifty is higher by 67.00 points or 0.34% at 19,590.55. 📈 Aurobindo Pharma (⬆️4.20%), Hindalco (⬆️2.14%) and India Cements (⬆️2.10%) appeared as the top performers on the Nifty50 at the open.