This Market Closing episode, a collaboration between Business Today and India Today Television, features Union Minister Nitin Gadkari addressing the SIAM convention. Gadkari discusses the E20 fuel rollout and advocates for GST relief for customers engaged in vehicle scrapping for new purchases. The program also details the day’s market performance, including the Nifty maintaining the 25,000 mark amidst profit booking in IT stocks and the rupee reaching a new record low of 88.44 against the US dollar. Ashu Madan, MD of JM Financial, provides market analysis, highlighting a ‘lack of participation’ and suggesting a period of market consolidation. Further expert market analysis advises investors on strategic portfolio churning, noting that past performers like certain PSU and market infrastructure stocks may not drive the next rally. The discussion recommends booking losses and reallocating capital to new themes, with a positive outlook for consumption-led sectors such as hotels, travel, and hospitals. Recent IPOs are also examined, focusing on Urban Company, which achieved profitability in FY25. Urban Company CEO Abhiraj Singh Bhal explains the company’s financial turnaround, attributing it to scale and the relationship between fixed costs, top line, and contribution margin flowing into adjusted EBITDA. #marketclosing #indiatoday #businesstoday #stockmarket #nifty #sensex #nitingadkari #gstrelief #scrappagepolicy #autosector #e20fuel #indianeconomy #rupeevsdollar #investing #iponews #investment #portfoliomanagement #indianmarkets #gst #urbancompanyipo #infosys #marketoutlook #consumptionstocks #stocktips #economy #finance #trading #ipo
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