Dollar firm as war widens in Middle East (02-10-2024)
The dollar surged after an Iranian missile attack on Israel. Investors sought safe assets amid fears of Middle East conflict escalation. The euro dropped, and oil prices rose. Israeli and Iranian tensions drove market reactions, focusing on potential retaliations. Economic data also influenced currency movements. Traders watched for developments in U.S. dockside employment disputes.
Japan’s Nikkei drops as escalation in Middle East hits risk sentiment (02-10-2024)
The Nikkei share average fell 1.6% amid escalating Middle East tensions, driven by Iran’s missile launches and fears of broader conflict. Japanese technology and retail shares led losses, while defense and energy stocks gained as oil prices surged on supply disruption concerns.
Varun Saboo on 3 sectors with value plus strength where fresh money can be put to work (02-10-2024)
Varun Saboo from Anand Rathi remains bullish on PSU banks, two-wheelers, and select pharma and hospital stocks. He highlights the potential benefits tied to rate cut cycles and sees continued value in these sectors. Though FMCG has done well recently, he advises against investing in defensive sectors while preferring growth stocks.
Gold loan companies slip as RBI orders corrective measures for lapses (02-10-2024)
The issues highlighted by RBI include improper valuation, breaches of loan-to-value (LTV) ratios, and inadequate governance in partnerships with fintech entities, said Shrikant Chouhan, head of equity research at Kotak Securities.
Piccadily Agro Industries Ltd (02-10-2024)
One of the director of Soon N Sure Holdings i.e. Shakti Rani Sharma is a BJP candidate from Kalka 
would be interesting to see how Piccadily grows to be an alco-bev giant