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Bitcoin went up by 1.63% in the past one week to trade at $112,026. Meanwhile, Ethereum was trading at $4,312 down by 1.70% in the same period and according to analysts, September is turning into a defining month for crypto and the current levels are supported by hopes of U.S. rate cuts, fresh liquidity flowing through stablecoins, and continued institutional buying.“September is turning into a defining month for crypto. Bitcoin is steady near $112K and Ethereum around $4.3K, supported by hopes of U.S. rate cuts, fresh liquidity flowing through stablecoins, and continued institutional buying. On the policy front, the SEC is easing compliance rules, Nasdaq is preparing to launch tokenized securities, and regulators are working together to clarify the playbook for leveraged products—signs of a maturing market,” said Shivam Thakral, CEO of BuyUcoin.Also Read | Is cash in mutual fund portfolio a safety net or a performance risk?“Among altcoins, Remittix is gaining traction with its PayFi platform and upcoming Beta wallet, while Layer Brett is drawing attention for its high-risk, high-reward potential. Overall, the market is balancing optimism with caution as regulatory frameworks tighten and new innovations keep momentum alive, Thakral added.According to another analyst, Bitcoin is trading above the $111,300 level after attempting to break the resistance near the $113,000 mark. “Bitcoin is trading above the $111,300 level after attempting to break the resistance near the $113,000 mark. While BTC showed signs of momentum, bulls could not sustain the buying pressure, leading to a consolidation. All eyes are now on the BLS inflation revision, which could influence the Fed’s rate cut decision. A softer revision of inflation could trigger a short relief rally, pushing BTC above the $113,000 resistance, with a strong support at the $110,400 mark,” said Edul Patel, CEO of Mudrex.At 10:372 AM IST, Bitcoin was trading at $112,030, marginally up 0.97% over the past 24 hours and nearly 1.71% over the past week. Ethereum, meanwhile, was trading at $4,312, up by 0.30% in the past 24 hours and down by 1.40% over the last seven days.According to CoinMarketCap, the overall cryptocurrency market capitalization stood at around $3.87 trillion on Tuesday.Market perspectiveAvinash Shekhar, Co-Founder & CEO of Pi42Bitcoin’s current holding pattern near the $112K mark, following last week’s aggressive push toward $113.4K and the subsequent pullback, underscores the market’s cautious sentiment heading into what is historically a bearish September. While the bulls have defended support near $107.2K admirably, the retest of $110K to $112K remains a critical battleground. A successful break above this zone could open the door to renewed upside, especially amid symptomatic strength from altcoins like DOGE, which has surged roughly 7% in a single day. However, absent clear macro triggers or sustained momentum, BTC’s path forward may remain range bound in the near term.Also Read | Best tax saving mutual funds or ELSS to invest in September 2025Parth Srivastava, Head of Quant at 9Point Capital’s Research TeamBitcoin appears poised for a period of healthy consolidation before resuming its upward trajectory. With liquidity trends stabilizing, on-chain metrics improving, and derivatives positioning resetting, the groundwork is being laid for the next leg higher. As volatility compresses, BTC is likely to build strength within this range before breaking out for a sustained rally in the medium term.

Morgan Stanley is bullish on two Aditya Birla Group retail companies, with the brokerage on Tuesday initiating coverage of Aditya Birla Lifestyle Brands Ltd (ABLBL) with an “Overweight” rating and upgrading Aditya Birla Fashion and Retail Ltd (ABFRL) to the same, saying both were poised for valuation re-ratings as fundamentals improve.Birla Lifestyle: A defensive play with growth potentialMorgan Stanley said it views ABLBL as a “defensive discretionary play” and began coverage with an “Overweight” and a price target of Rs 175, implying a 23% upside. The brokerage highlighted ABLBL’s portfolio of core lifestyle labels such as Louis Philippe, Van Heusen, Allen Solly, and Peter England, alongside younger growth brands including Reebok and American Eagle.“We expect it to deliver a 10% revenue CAGR, F25–28e, with gradual improvement in its margins and return profile,” the brokerage said. The stock, which listed in June after demerging from ABFRL, was trading at 13 times F27e EV/EBITDA, with “opportunity for multiple expansion upon consistent execution delivery.”On Tuesday, ABLBL shares rose as much as 5.2% to Rs 151.20 on the BSE. The stock debuted at Rs 167 on the NSE on June 23.ABFRL: “Anti-consensus self-help story”The brokerage also upgraded ABFRL to “Overweight,” calling it an “anti-consensus self-help story” with room for profitability improvement. It set a new price target of Rs 131, representing a 53% upside potential.Shares of ABFRL climbed as much as 3.9% on Tuesday to Rs 92.34 on the BSE. The company houses brands spanning mass-market retail, premium ethnic wear, and designer-led labels, with Pantaloons accounting for 59% of revenue and ethnic wear 27%.Recent earningsABLBL reported a profit of Rs 24.06 crore in the first quarter of FY26, up from Rs 22.93 crore a year earlier, while revenue grew to Rs 1,840.58 crore from Rs 1,784.47 crore. Lifestyle brands, which make up 85% of the company’s business, expanded 6% year-on-year, though ecommerce sales fell 19% to Rs175 crore.Meanwhile, ABFRL posted a consolidated net loss of Rs 161 crore in Q1 FY26 despite revenue growth of 7% to Rs3,428 crore. Its Pantaloons business reported quarterly sales of Rs 1,101 crore, with EBITDA rising 43% year-on-year on margin expansion driven by better markdown management.Also read | Mahindra & Mahindra shares soar 14% in 4 days on GST boost. Analysts eye Rs 4,000 next(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Apple on Tuesday will unveil its next line-up of iPhones amid a global trade war that's added a potential price increase to the usual intrigue surrounding the annual evolution of the company's marquee product. The new iPhones will be the first to be released since President Donald Trump returned to the White House and unleashed a barrage of tariffs, in what his administration says is an attempt to bring overseas manufacturing back to the U.S. - a crusade that has thrust Apple CEO Tim Cook into the hot seat. If Apple follows the same naming scheme since the product's 2007 debut, the new models will be called the iPhone 17. But the Cupertino, California, company recently deviated from tradition with its naming formula for the iPhone operating system. When the next version of its iOS system was previewed at its developers conference in June, Apple revealed the free update will be called iOS 26 in reference to the upcoming year - a marketing technique that automakers have embraced for decades. Regardless, these new iPhones are still expected to be made in Apple's manufacturing hubs in China and India, much to the Trump administration's consternation. Both Trump and U.S. Commerce Secretary Howard Lutnick have repeatedly insisted that iPhones be made in the U.S. instead of overseas. It's an unrealistic demand that analysts say would take years to pull off and would result in a doubling, or even a tripling, of the iPhone's current average price of about $1,000. Cook tried to placate Trump by initially pledging that Apple would invest $500 billion i n the U.S. over the next four years, and then upped the ante last month by adding another $100 billion to the commitment. He also gifted Trump a statue featuring a 24-karat gold base. That kind of diplomacy has helped insulate Apple from Trump's most severe tariffs. However, the iPhones being brought into the U.S. still face duties of about 25%, stoking speculation that the company will reveal its first across-the-board price increase in five years in an effort to preserve its hefty profit margins. Since 2020, Apple has charged $800 for its basic iPhone and $1,200 for its top offering, but analysts now believe the company may raise prices by $50 to $100 on some of the new models. If Apple does announce price increases, it will come just weeks after Google held steady on prices for its new Pixel smartphones. Whatever Apple ends up charging for the next iPhone, the new line-up isn't expected to be much different from last year's model - the first to be designed for a wide range of new artificial intelligence features. While the iPhone 16 has proven to be popular, the models didn't sell quite as well as analysts had anticipated because Apple failed to deliver all the AI-fueled improvements it had promised, including a smarter and more versatile Siri assistant. The Siri improvements have been pushed back until next year. That has lowered the expectations for this year's line-up, which will likely include the usual improvements in camera quality and battery life on top of a slightly redesigned appearance. The most significant new twist could be the introduction of an ultra-thin iPhone dubbed "Air" - a moniker Apple already slaps on like its sleekest iPads and Mac computers. The relatively minor updates to recent iPhone models are raising questions about Apple's ability to innovate in the fast-moving era of AI, said Forrester Research analyst Thomas Husson. "Apple is reaching a tipping point, and I expect 2026 and 2027 to be pivotal years." Apple's AI follies, combined with its exposure in Trump's trade war, have weighed on the company's stock, while the market values of Big Tech peers like Microsoft, Nvidia, Meta Platforms and Google parent Alphabet have been surging. Although Apple's stock price is still down by 4% so far this year, the shares have been bouncing back in recent months amid signs it won't be as hard hit by the tariffs as once feared, and a highly anticipated court ruling cleared the way for the company to continue receiving $20 billion annually to lock in Google's search engine as the default option on iPhones.