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Asian markets opened with caution. Investors await crucial US economic data. Uncertainty surrounds the US Federal Reserve's next move. Japan and Australia saw slight dips. South Korea's equities climbed. Bitcoin's gains have largely vanished. Oil prices are down, while gold is up. This week promises significant market movements.
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With momentum strengthening, overall profit growth for a sample of 2,857 companies accelerated to a six-quarter high of 15.2%, helped by a lower base of 4.1% in the year-ago quarter and a double-digit advance by select companies in sectors including automobiles, cement, capital goods and oil and gas.
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The busy IPO season of 2025 is handing out some of the biggest returns to venture capital firms that backed these companies early. ETs calculations show that VC firms have taken exits of around Rs 15,000 cr through recent listings, including Ather Energy, BlueStone, Lenskart, Urban Company, Groww and Pine Labs.
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