Market Overview - The equity markets ended marginally lower, with the BSE Sensex closing at 84,559.65, down 120.21 points or 0.14 percent, and the NSE Nifty falling 41.55 points or 0.16 percent to settle at 25,818.55 [2][9] - Nearly two-thirds of traded stocks declined, with 2,761 out of 4,328 stocks on the BSE experiencing losses, and 196 stocks hitting 52-week lows [2][3] Currency Impact - The Indian rupee opened at a record low of 91.07 against the US dollar but briefly recovered to 89.96 before falling back above 90, influenced by continued foreign outflows [3][4] - The rupee's volatility is expected to persist, with predictions of trading in the 89.80–90.80 range [4] Sector Performance - Among sectoral indices, Nifty PSU Bank saw a gain of 1.20 percent, while Nifty Media dropped by 1.80 percent, with Nifty Realty and FMCG also lagging [6] - The Nifty Midcap 100 declined by 321.95 points or 0.54 percent, and the Nifty Smallcap 100 fell by 126.60 points or 0.73 percent [6] Notable Stock Movements - Shriram Finance led the gainers, rising 2.07 percent to ₹866.00, followed by State Bank of India at ₹976.35, Hindalco at ₹848.00, Eicher Motors at ₹7,143.00, and Tata Consumer at ₹1,180.00 [7] - On the losing side, Max Healthcare plunged 3.71 percent to ₹1,033.20, Apollo Hospitals fell 1.98 percent to ₹6,912.00, and HDFC Life slipped 1.49 percent to ₹752.95 [8] Technical Analysis - The market faced resistance near 25,920/84,900, forming a bearish candle on daily charts, indicating a negative trend [9] - A decisive slip below 25,700 could trigger a correction towards 25,500–25,400, while the 25,950-26,000 zone is expected to act as crucial resistance [10]

The monetary policy committee has now lowered the repo rate by a cumulative 125 basis points since February to 5.25%. It kept rates unchanged in August and October.At 9:46 AM, before the policy announcement, the Nifty Bank index was at 59,349.05, up 0.10%. Nifty Auto stood at 27,764.00, up 0.11%, while Nifty Realty was at 892.45, up 0.26%.Following the policy decision after 10 AM, Nifty Bank rose 0.6% to 59,658.65. Nifty Auto advanced 0.4% to 27,850.25, and Nifty Realty gained 1% to 899.05.Financial stocks ...

Core Viewpoint - Vornado Realty Trust (VNO) stock was upgraded by J.P. Morgan Securities due to a recent pullback in share prices and strong fundamentals [1] Group 1 - VNO shares increased by 3.22% during late morning trading, reaching a price of $34.93 [1] - The upgrade was a shift from an Underweight rating, indicating a more favorable outlook for the stock [1]

Market Outlook - The Nifty index is projected to reach levels between 26,000 and 26,500 in the short to medium term, with 76% of Nifty stocks showing sideways to positive trends [1][15] - The market base has shifted higher from 21,800 to 24,600, with 24,000 acting as a solid support level for the remainder of FY25 [2][15] - Indian equities are outperforming despite global pessimism and high tariffs, indicating a potential third wave uptrend [3][6][15] Short-term Investment Picks - Shriram Finance is highlighted as a top pick for short-term traders, with a target price of ₹700 and a stop loss at ₹645 [7][16] - Larsen & Toubro (L&T) is identified as a "sparkler stock," with a breakout from long consolidation and a target of ₹4,200, supported by a stop loss at ₹3,700 [7][16] Medium-term Investment Picks - Nykaa is recommended for medium-term investment, with a strong breakout confirmed and a potential rally towards ₹300, indicating a 10% upside [9][16] - Godrej Properties is favored in the real estate sector, with a target price of ₹2,800 and a stop loss at ₹1,980, reflecting sector rotation [10][16] Long-term Investment Picks - Kotak Bank is seen as a long-term wealth compounding opportunity, with a potential rally to ₹2,400 as it turns around after a correction [13][16] - State Bank of India (SBI) has broken out from long consolidation, with a target of ₹1,100 and support at ₹770, indicating strong fund inflows [13][16] Value Investment Opportunities - Hero MotoCorp is positioned as a leader in the two-wheeler segment, with a potential climb to ₹8,500 [14][16] - JK Tyre is forming a bullish pattern and could reach ₹600, benefiting from the auto upcycle and ancillary demand [14][16] General Market Sentiment - Analysts agree that the bull run in India's market remains intact, supported by strong domestic liquidity and structural tailwinds [15][16] - Investors are advised to buy on dips, as the trend is upward and the market base is solid, with the upcoming Diwali season potentially marking the start of another rally [15][16]

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Core Insights - Beijing's new work visa initiative, aimed at attracting global STEM talent, has ignited significant online debate, revealing underlying issues in China's industrial policy [1] - The 'Made in China' campaign has seen success in key industries, yet the collapse of the property sector, which once constituted 32% of the economy, has created a substantial economic gap [2][8] - Consumer spending has shown signs of pessimism, particularly after a recent holiday, with travelers opting for budget-friendly options [3] Industry Analysis - The introduction of the K visa, akin to the US H-1B, comes at a challenging time as China seeks to revitalize travel and consumption post-pandemic [4] - The real estate sector's downturn, exacerbated by government crackdowns on excessive borrowing, has led to a significant economic impact, with property assets representing about 70% of family wealth in China [7][8] - Despite the growth of China's tech industry, which is projected to reach 27 trillion yuan ($3.8 trillion) by 2026, it still lags behind the peak contributions of the real estate sector in terms of GDP and job creation [12][13] Employment Trends - China's tech giants are increasingly noted for job cuts rather than hiring, particularly affecting individuals over 35, highlighting a disconnect between industry growth and employment opportunities [9] - The ongoing jobs crisis, particularly affecting Gen Z, is underscored by the challenges faced by the tech sector in providing sufficient employment [6] - Experts suggest that stabilizing the real estate market will require significant government intervention, including the establishment of a national team to purchase foreclosed homes [10]

Group 1 - American International Group (AIG) reported quarterly earnings of $1.81 per share, exceeding the Zacks Consensus Estimate of $1.58 per share, and up from $1.16 per share a year ago, representing an earnings surprise of +14.56% [1][2] - The company posted revenues of $6.84 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.29%, and compared to revenues of $6.64 billion in the same quarter last year [2] - AIG has outperformed the market with a share price increase of about 7.8% since the beginning of the year, compared to the S&P 500's gain of 7.1% [3] Group 2 - The earnings outlook for AIG is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The trend of estimate revisions for AIG was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] - The current consensus EPS estimate for the upcoming quarter is $1.53 on revenues of $6.91 billion, and for the current fiscal year, it is $6.15 on revenues of $27.29 billion [7] Group 3 - The Zacks Industry Rank indicates that the Insurance - Multi line sector is currently in the top 39% of over 250 Zacks industries, suggesting that companies in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]