Oil prices experienced gains on Tuesday as OPEC+ decided to increase production by a smaller amount than anticipated, adding to concerns about tighter supply due to potential new sanctions on Russia. The limited production increase and the possibility of sanctions contributed to upward pressure on prices. Additionally, anticipation of a potential interest rate cut by the U.S.

Japanese government bonds experienced a rally on Tuesday as long-term yields, previously at historic highs, attracted buyers. Diminished expectations for central bank rate hikes further supported shorter-dated securities. Sanae Takaichi s potential leadership, favoring stimulus, fueled concerns about BOJ rate hike reluctance, impacting market expectations and bond performance across different maturities.

A recent Anarock survey reveals that over 90% of prospective Indian homebuyers are worried about soaring property prices, with many very or extremely concerned. This price surge, averaging over 50% in two years, has impacted buying decisions.

Karbonsteel Engineering is set to launch its Initial Public Offering of Rs 59 crore. The IPO will open on Tuesday and close on September 11. The company aims to list on BSE SME platform on September 16. It plans to use the funds for facility expansion and debt repayment. The IPO includes a fresh issue and an offer for sale.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Gold reached a new record high, fueled by expectations of Federal Reserve rate cuts following weak US payrolls data. Traders are pricing in multiple rate cuts this year, boosting gold s appeal as a non-interest-bearing asset. The metal s rally is also supported by central bank purchases, geopolitical tensions, and concerns about the global economy, with analysts predicting further gains.

Bajaj Finance is preparing for a leadership transition. Rajeev Jain s successor will be an internal candidate. The company aims to finalize succession plans within six months. Jain s term extends until March 2028. Bajaj Finance targets significant growth. They project a profit of ₹43,000 crore by FY29. The firm also plans to expand its customer base substantially.

Automobile stocks surged following GST rate cuts. Tata Motors and Mahindra & Mahindra led the gains. Vehicle prices have been reduced, boosting investor confidence. Festive season demand is anticipated to drive sales. Analysts predict growth in smaller car segments. Mahindra & Mahindra shares have seen significant gains recently. August sales showed improvement in two-wheelers and commercial vehicles.

Dalal Street focuses on industries benefiting from recent GST rate cuts. Several stocks are expected to outperform amid market uncertainty. Top stock picks across automobiles, consumer goods and insurance are highlighted. These picks could deliver returns of 9% to 29% over six months. Brokers like SBI Securities, Motilal Oswal, ICICI Securities, HDFC Securities and Anand Rathi have provided their recommendations.

Gold demand dipped during the initial festive period. India Bullion & Jewellers Association reported a 28% drop. High gold prices dampened consumer enthusiasm. Many buyers opted for lighter, lower-karat jewelry. Some jewelers saw increased sales value despite volume decreases. Investment demand for gold coins remained steady. Jewelers are adjusting manufacturing strategies to meet changing preferences.