Hello! Welcome back to the 4th edition of Bharat.Inc! Thanks for finding our budget session yesterday insightful. We’re back today with another amazing issue today. But, before we get started, we want you to eat mindfully today as,
“To eat is a necessity, but to eat intelligently is an art” - Bhagavad Gita
Bhagavad Gita teaches that the way we nourish our bodies is an art requiring intelligence. It emphasizes mindful and conscious eating as a crucial aspect of overall well-being, recognizing the impact of nutrition on physical and mental health.
Now, let’s see what’s Bharat up to today!
🎯 Top Headlines of the Day
Tata Motors' stock surged by over 4% in early trading today, reaching a record high of Rs 1071
Axis Bank shares dropped by 7% today
Gold prices drop by over ₹1,100, falling below ₹68,000; silver prices decline by more than 4%
📊 Market Pulse
📌 The chart starts with a mix of red and green candlesticks, indicating initial market uncertainty with minor fluctuations.📌 After a dip around 11:15, the trend shows a gradual upward movement, marked by a series of green candlesticks.📌 The lowest point on the chart is around 24,220.00.📌 The highest point on the chart is around 24,368.60.😭 Why Nifty? WHY????
The Nifty 50 index has taken a nearly 3% nosedive from its high of 24,854.80 hit on July 19, thanks to a market selloff that’s got everyone’s nerves on edge.
But, there are a couple of other things that are adding to the woes:
👉 Valuations on Overdrive
The market’s on a wild ride, with valuations hitting turbo mode. The Nifty 50's price-to-earnings (PE) ratio is at 24.5, much higher than the expected 19.2. The price-to-book (PB) ratio is at 4, compared to the expected 3.2.
In short, the market might be getting too expensive.👉 Q1 Earnings Miss the Mark
The Q1FY25 earnings report is pretty underwhelming. Even though there was a lot of buzz about a 24% earnings growth in FY24, the latest results are lackluster, leaving investors unsure if the market rally can keep going strong.
👉 No Fresh Buzz
Now that the elections and budget news are behind us, the market is feeling a bit stagnant. With no fresh news to get excited about, we might see some ups and downs in specific sectors and investors cashing in on their gains.
👉 Fed Rate Cut Drama
Moreover, the market’s biting its nails over what the US Fed will do next with interest rates. While there’s talk of cuts later this year, the Fed’s “we’ll see” approach is keeping everyone on edge and could shake up global investor vibes.
👟 Another Startup Idea for You!
Ah, who knew that the Indus Valley Civilization was just casually laying the groundwork for urban culture while also dabbling in the art of rudimentary footwear? Who wouldn’t want to spend their time creating the earliest evidence of sandals and shoes, right?
Fast forward to today, the athletic footwear market in Bharat is about to skyrocket, with a whopping $1.77 billion set to be raked in by 2024. And it doesn't end there: by 2028, the market is expected to increase at a remarkable rate of 5.23% annually, reaching a whopping 19.88 million pairs of sneakers.
And, in case you were wondering, in 2024 per capita revenue is expected to soar to a whopping $1.24.
But, why the Sneaker Surge?
The top 2 reasons are:
👉 Brands are getting money for the kicks (literally)
As more folks hit the sports field, they're splurging on top-notch gear, and that means the demand for performance footwear is kicking into high gear.
👉 The Rubber Revolution is just starting!
Rubber shoes are taking over the athletic scene. Why? Because they’re tough, grippy, water-resistant, and lightweight. Plus, they come with shock absorption, cushioning, and protection that makes them a no-brainer for anyone serious about their game.
So, get tonnes of rubber and start your business now!!
⚠️ Hold UP
Bharat.Inc believes that growth comes from support. So, here’s an open call to all the business owners to get themselves featured RIGHT HERE!
Sounds interesting? Then you ought to see what we have in stock for you ✨
Fill up the form below, and we will get in touch with you in no time!
That’s it for today, folks! We will be back again tomorrow with more valuable insights about ‘Bharat in Business.’ Till then, trade well & take care!
