Bitcoin experienced a slight dip to around $107,400, while Ethereum fell over 7% to $4,380, as markets reacted to last week's pullback. Despite this, analysts note strong institutional interest in Ethereum, with significant ETF inflows, contrasting with Bitcoin ETF outflows. Bitcoin is consolidating, forming an accumulation zone for long-term investors, with potential resistance at $110,200 and support at $106,100.
Apollo Micro Systems rallied nearly 14% in two days to hit a new 52-week high after securing DRDO approval as a production agency for the Multi-Influence Ground Mine and signing a technology transfer pact for the NASM-SR missile.
Gold and silver prices hit record highs on MCX as weak dollar, Fed rate cut hopes, and safe-haven demand boosted buying. Analysts expect volatility amid global trade tensions and rupee weakness, advising a buy-on-dips strategy with gold targeting 1,07,000 and silver 1,27,000.
Motilal Oswal has reaffirmed its Buy call on Suzlon Energy with a target price of Rs 80, indicating 42% upside. The brokerage cites improved execution, strong order book, regulatory support through localisation, and leadership stability as key drivers for the companys growth outlook.
CG Power shares: Morgan Stanley initiated coverage on multibagger CG Power with an Overweight rating and a 799 target, calling it a proxy for Indias manufacturing growth. Shares rose 4% after the call, with the brokerage citing strong positioning in motors, power systems.
India's sovereign rating upgrade is poised to attract stronger foreign capital inflows into its debt market, enhancing its risk profile and yield attractiveness. This shift could lead to broader inclusion in international bond indices, narrowing yield differentials with US Treasuries. Fixed income investors may benefit from increased demand for longer-duration sovereign bonds.
Rachit Prints, a mattress fabric maker, is launching its Rs 19.49 crore IPO on Monday, with shares priced between Rs 140 and Rs 149. The IPO, set to list on BSE SME on September 8, comprises a fresh issue of 13.08 lakh shares. The company intends to utilize the IPO proceeds for working capital, capital expenditure, and debt repayment.
