Niraj Shah

The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.

Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.

The global markets are not shining this Diwali. The exception in the large markets is, India.

India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available, and its structural themes—manufacturing scale, defence localisation, digital infrastructure, formalisation—keep compounding underneath the noise.

A week of competing forces shaped markets, as AI trade jitters, RBI intervention and signals on capital gains tax and STT intersected with geopolitical risks, shifting oil prices and a resilient set of corporate earnings.

A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.

The US 10-year Treasury yield hits a 19-year high, oil whipsaws on the Iran conflict, and FSSAI's new food labels take on Indian namkeen brands.

JPMorgan says oil's endgame is harder to model as the Iran war keeps disrupting markets, while Fed rate hikes, Tata Sons and the NSE IPO shape India's week.

Brent crude tops $110 as Hormuz risks push oil and European gas higher, while India faces imported inflation, currency pressure and margin risks across sectors.

Tech Mahindra's rebuild, Coforge's Encora bet, Persistent's Nagarro gamble — the pecking order is being reshuffled faster than the old shorthand can capture.

Munot emphasised that subscribing to IPOs is not the only path to generating returns in the capital markets, warning investors against misinterpreting the acronym as an "instant profit opportunity."

Valvoline's Formula E partnership with Mahindra Racing is feeding track data into road-ready lubricants, as the company eyes double-digit market share in India.

One lap never decides a championship, just like one trade never builds a portfolio. It is the telemetry, and the speed of reading it, that separates winners from the field

We have a stock market that is large, liquid and genuinely diverse. We have a government that has made growth a clear priority. And we have an RBI that has earned its credibility the hard way - through inflation battles, currency management, and a consistent refusal to take reckless shortcuts.

The path ahead will still be shaped by AI valuations, commodity prices and geopolitics, but the signals this week pointed to a gradual shift rather than continued stress.

As Wall Street rides an AI boom and cooling oil prices calm macro fears, Nifty shifts to a stock-picker's market amid battling FII and DII flows.

Equity markets will see a tug-of-war this week, as traders will balance Iran conflict anxiety with the release of blockbuster earnings.

Markets are not moral instruments. They do not price human suffering; they price cash flows, discount rates and positioning.

It may pay to be selective. There is a possibility that AI led efficiencies may lead companies to compete on pricing with clients, in order to bag orders, which might be topline dilutive - even if margins hold out.

For many in the global financial world, Mark Mobius was the pioneer of emerging markets investing.