Following a social media ban, a government vehicle struck a young girl, igniting widespread outrage in Nepal. The incident, dismissed by the Prime Minister as "normal," fueled existing anger over corruption, nepotism, and economic hardship. Frustrated youth took to the streets, demanding accountability and justice, highlighting deep-seated discontent with the political establishment and lack of opportunities.
Helios Mid Cap Fund expanded its portfolio to 66 stocks in August, adding stakes in Ola Electric, ITC Hotels, Paytm, Swiggy, and MCX, while introducing new positions in Acutaas Chemicals, ASK Automotive, Cummins, and Hero MotoCorp.
Shares of Oracle Financial Services Software (OFSS) rallied over sharply after parent Oracles U.S. stock soared on a blockbuster cloud forecast. Oracles multi-billion-dollar client wins and aggressive expansion in multi-cloud services boosted optimism that OFSS will benefit from higher license and cloud revenue growth.
Infosys shares experienced a 2% surge, reaching Rs 1,535 on the BSE, ahead of its fifth share buyback meeting. Historically, Infosys shares have generally risen following buyback announcements. Market experts suggest that current valuations are more appealing, with the stock consolidating at lower levels.
Equity markets remain range-bound at 24,80025,000, with short-term pullbacks amid foreign investor selling and tariff concerns. Anshul Saigal of Saigal Capital says long-term growth remains intact, advising investors to focus on strong businesses. While IT valuations appear expensive with weak growth, opportunities are better in defence, renewables, banking, capital goods, and manufacturing.
