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MARKET COMMENTARY

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Narrowly Focussed Markets Wait for the Cut

Sep 16, 2025

11:21 am

Markets may still be performing well, but the narrow concentration in technology stocks reveals a soft underbelly to the current bull run. For the rally to sustain, rate cuts will need to encourage broader participation across sectors. The continued strength in gold, even as equities hit new highs and bond yields remain subdued, signals caution…

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Investment Strategy

Sep 12, 2025

12:17 pm

Atmanirbhar Bharat The 50% tariffs on Indian exports to the U.S. took effect in August. In response, Indian policymakers are focusing on boosting domestic growth through tax cuts, rate cuts, GST reforms and liquidity measures, while pursuing FTAs with key partners and improving ties with China. Additionally, PM Modi’s Independence Day speech hinted at more…

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Global Contrasts

Sep 9, 2025

7:55 am

• US labour market weakness supports immediate rate cuts, inflation data in focus. • Japan: Wages surprise positively, reflation narrative constructive for equities • China: Equities cool after strong rally – speculative excess makes regulators cautious • Russia, China, and North Korea aligning makes Ukraine even more a proxy war • Oil weakness easing inflation…

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Macro and Markets

Sep 3, 2025

2:22 am

The world economy entered late summer with a mixed picture. In the United States, consumer spending remained resilient, supported by a firm labour market and decent wage growth, but inflation in services proved stubborn. That being said global economic data was baised to strnger than expected and inflation lower than expected helping asset markets perform….

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