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As September is underway, Keynes' famous words resonate deeply within the financial community.

Vinod Karki, Equity Strategist,ICICI Securities, says some growth concerns are seen on the defensive side. Cyclicals are growing faster, and there are growth concerns in the IT sector and a lot of concerns on the agri-rural economy. This year, we had a massive heatwave and now a lot of rainfall. The temporal and spatial distribution has been pretty uneven, and so the outlook is not looking that good. IT services and consumption have seen growth issues overall. The valuation is at a record high. So, even though the cyclicals are expensive, there might be some shifts there. On Thursday, the Supreme Court rejected telecom firms' pleas to recalculate adjusted gross revenues (AGRs) amid ongoing disputes over government dues. Vodafone India, Bharti Airtel, and others argued that the Department of Telecommunications erred in calculating license fees and spectrum charges. This particular news development coming in, is not too positive for Vodafone Idea or the telecom space as a whole. Do you have a view on the telecom space?

Bharat Electronics Ltd. traded 4.56 per cent down at Rs 269.95 on Thursday at around 01:54PM (IST), while the benchmark BSE Sensex advanced 211.63 points to 83159.86. As many as 987,109 shares changed hands on the counter with a total value of Rs 27.01 crore.

REC Ltd. traded 4.81 per cent down at Rs 519.4 at 01:59PM (IST) on Thursday, even as BSE benchmark Sensex gained 226.29 points to 83174.52. The scrip had closed at Rs 545.65 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 653.9 and Rs 247.85, respectively.

BNB, Solana, XRP, Toncoin, Shiba Inu, and Cardano rose up to 5%. BTC’s gains over the last one week have been to the tune of 7%.

Arnab Banerjee, MD & CEO, Ceat, says price hikes will continue because the pass-through to the tyres per se is inadequate if cumulative price hikes from April to August are taken. Ceat has been able to pass on maybe 4%, in barely a couple of categories, but in a large number of categories, they have been able to pass on even less. The ability to pass on to OEMs is also restricted. Banerjee says price hikes will continue in September. Just wanted to begin by discussing the raw material setup. I know this is something that we have talked about earlier as well. But at the end of Q1, you were talking about how the raw material prices could increase by 5% to 6% in Q2. Now, on one hand, while the rubber prices have gone up, crude prices have come off, would you still stick with the view that the total raw material cost will be up 5% to 6% or do you think an offset is likely to happen? Arnab Banerjee: In the first quarter (Q1) raw material prices were about 5% higher than Q4 and Q2 raw material prices will indeed be higher by 4% to 5% than Q1.

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GAIL (India) Ltd. fell 3.69 per cent to Rs 209.7 in Thursday's session as of 01:34PM (IST) even as the equity benchmark Sensex traded 212.8 points higher at 83161.03. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 246.35 and a 52-week low of Rs 116.2 on NSE. Around 296738 shares changed hands on the counter till 01:34PM (IST).

Bandhan Bank Ltd. traded at Rs 209.8 on BSE at 01:28PM (IST) on Thursday, down 1.54 per cent. The stock quoted a 52-week low price of Rs 169.45 and a high of Rs 263.15. Earlier in the day, the stock saw a gap up opening.

Marico Ltd. gained 0.04 per cent to Rs 696.15 in Thursday's trade as of 01:24PM (IST). The stock hit a high price of Rs 702.2 and low of Rs 689.85 during the session.

«So, in terms of percentage, the support is closer for Indus Tower and the stock may see some bit of cooling off, consolidation happen around the 360 mark. But speaking of Vodafone Idea, clearly below the 12 level, we expect more weakness to continue in the same,» says Rahul Sharma, JM Financial Services. What is your take coming in on both of these counters, Vodafone Idea and Indus Towers? While when you talk about the news flow, you thought things were getting better for Vodafone Idea. There was some scope of revival but that is definitely not how it is playing right now given the fact the Supreme Court order is negative and will have a negative impact. Rahul Sharma: Yes, so speaking technically the stock has broken its crucial support area of 12.5, 12 and it has been like a nosedive for the stock of sorts in today's session. Now what that opens up is a room for more downside and the next psychological level that we can see is at around 10. But technically speaking the crucial support is coming in around Rs 9, so that is another 20% down move that can happen especially the way the sell-off has been there today. Now speaking of Indus Tower which has been relatively doing well, this has also sort of broken down from its short-term moving averages and the meaningful support for this one is placed around the 355-360 mark.

Varun Beverages Ltd. traded at Rs 642.2 on BSE at 11:21AM (IST) on Thursday, down 0.65 per cent from previous close. The scrip quoted a 52-week low price of Rs 331.28 and a high of Rs 682.84.

Bajaj Housing Finance ended its two-day rally as its stock encountered selling pressure, declining 11% in the last 2 days to a low of Rs 161 on BSE. IPO investors who got the allotment of the issue, however, are still sitting on gains of 130%.

Sunteck Realty Ltd.(up 3.0 per cent), Mahindra Lifespace Developers Ltd.(up 1.33 per cent), Phoenix Mills Ltd.(up 0.9 per cent) and Prestige Estates Projects Ltd.(up 0.59 per cent) were among the top gainers.

Godrej Consumer Products Ltd. traded at Rs 1453.3 on BSE at 11:16AM (IST) on Thursday, up 1.4 per cent. The stock quoted a 52-week low price of Rs 959.55 and a high of Rs 1541.3. Earlier in the day, the stock saw a gap up opening.

Reliance Power surged 5% to a day’s high of Rs 34.62, while shares of Reliance Infrastructure advanced 7.5% to Rs 304 on the BSE on Thursday. This upward rally follows their resolution of past debts and obligations.

Bank of Baroda traded at Rs 235.15 on BSE at 11:11AM (IST) on Thursday, down 1.09 per cent. The stock quoted a 52-week low price of Rs 187.95 and a high of Rs 298.45. Earlier in the day, the stock saw a gap up opening.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

PI Industries with a target price of Rs 4980. The current market price of PI Industries Ltd. is Rs 4691.85. PI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 70623.27 Crore) operating in Pesticides/Agro Chemicals sector.