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Aditya Sood of InCred Asset Management is bullish on India's market, expecting financials and domestic manufacturing to lead wealth creation. He favors banks, consumer discretionary, and capital goods, while remaining cautious on IT and telecom. Gold's rally is driven by central bank diversification and global policy shifts.
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Adani Total Gas shares saw a significant jump on Wednesday. This occurred even as the company reported a profit drop for the September 2025 quarter. Higher input gas prices impacted earnings. However, sales volumes and revenue grew strongly. The company managed to pass on only a portion of the cost increase to consumers.
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News and Media
Oil prices saw a slight increase on Wednesday after three days of declines, driven by a significant drop in U.S. crude inventories. However, gains were tempered by concerns over Russian sanctions and potential OPEC+ production increases. U.S. crude, gasoline, and distillate stocks all experienced larger-than-expected draws last week.
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