- Enam’s investment journey demonstrates the power of long-term compounding. Its portfolio grew from Rs.1,853 cr. across 29 stocks in 2016 to Rs.15,720 cr. across 31 stocks in 2026, delivering an 8.5x growth over a decade. The key takeaway is that wealth creation often comes from owning quality businesses, maintaining a focused portfolio, monitoring investments regularly, and remaining invested as long as the growth story remains intact. Top of FormBottom of Form
- Veteran investor Vijay Kedia has urged the Government to abolish LTCG tax on listed equities, arguing that long-term investors provide patient capital, support business growth, job creation, and wealth generation. He believes tax policy should reward long-term investing and encourage savings to move from passive assets to productive businesses.
- Negative: IMD has revised its 2026 monsoon forecast to 90% of the Long Period Average from 92%, indicating below-normal rainfall. Drier conditions are expected across Northwest, Central, and South India, raising concerns over agricultural output, inflation, and economic growth.
- As per market grapevine, the Government should consider relief in LTCG tax on equities and bonds, lower withholding tax on government bonds, and measures to curb excessive outward remittances. Such steps could improve foreign capital inflows, support the rupee, strengthen the external sector, and boost investor confidence in Indian markets.
- IOL Chemicals & Pharmaceuticals posted a strong Q4FY26 with PAT soaring 158% q-o-q to Rs.53.16 cr. from Rs.20.58 cr. in Q3FY26. FY26 PAT rose 36% to Rs.137.64 cr. The company invested Rs.164 cr. in expansion and automation through internal accruals. As per market grapevine, the stock may surpass its all-time high of Rs.178.
- VA Tech Wabag received a target price of Rs.1,755 from JM Financial. FY26 order inflows hit a record Rs.8,000 cr., taking the order book to Rs.16,800 cr. The company has also launched its first Bio-CNG project under its waste-to-energy initiative. As per market grapevine, the stock may surpass its previous high soon.
- Friday night closing: Dow +364 pts., Nasdaq +55 pts., S&P +16 pts., while Gift Nifty closed 53 pts. lower at 23,687, indicating a negative opening for Indian markets on Monday. As per market grapevine, most global markets delivered positive returns over the past year, while Indian markets underperformed.
- NSE trading hours to change from 3rd August 2026. F&O market closing time will be extended from 3:30 PM to 3:40 PM. A new Closing Auction Session will run from 3:15 PM to 3:35 PM in the cash segment. F&O traders will get an additional 10 minutes to hedge or adjust positions. Pre-open timings remain unchanged.
- Big negative: The Meteorological Department has warned that heatwaves may persist through June and July. The monsoon remains stalled near Sri Lanka and is expected to reach Kerala in about seven days. A 10% rainfall deficit due to El Niño could impact agriculture, fuel inflation and weigh on economic growth.
- Trump stated that Iran will not develop a nuclear bomb and indicated that US sanctions may be lifted, while Iran rejected the claims and linked the reopening of the Strait of Hormuz to sanctions relief. As per market grapevine, headline-driven volatility with a negative bias may continue for the next 1-2 months.
