Banks are strategically targeting the luxury housing market to boost mortgage growth, offering tailored loan products to affluent buyers seeking premium properties in major cities and suburbs. This segment is experiencing significant growth, driven by demand for larger, more luxurious homes. Banks view these high-end loans as opportunities to establish long-term relationships and cross-sell other...Read More

ESAF Small Finance Bank is set to raise ₹300-500 crore in tier-1 capital, anticipating a business turnaround from the third quarter. The bank aims to bolster its capital adequacy ratio and fund expansion plans. A board meeting is scheduled for September 20 to finalize the fundraising details, including the instrument and modalities.Read More

Indian equity markets saw gains on Tuesday. Investors are optimistic before the US Federal Reserve decision. Analysts foresee a gradual market rise. Trade developments and the Fed rate cut are key. Immediate support is at 25,050. India VIX fell. FIIs were net buyers. The Rupee strengthened against the US dollar. FIIs reduced their net short...Read More

Hexaware Technologies’ stock has recently seen gains, driven by a weaker rupee and anticipated US interest rate cuts potentially boosting IT spending. Despite a modest revenue growth in the June quarter due to client spending reductions, the company is improving profitability through increased offshore revenue and employee utilization.Read More

Post ContentRead More

Gold prices soared past $3,700 an ounce on Tuesday, fueled by expectations of a Federal Reserve rate cut and a weaker dollar. Safe-haven demand, central bank buying, and geopolitical uncertainty also contributed to the rally. While silver hit a multi-year high, platinum and palladium experienced slight declines as investors await the Fed’s decision.Read More

Nifty resumed gains with strong buying in auto, IT, and banks, giving a double bottom breakout. Analysts see bullish momentum toward 25,500, while experts recommend stocks like HUDCO, Finolex Industries, Pondy Oxides, and GMR Airports for near-term upside.Read More

Indian markets closed higher on Tuesday as Sensex jumped 595 points and Nifty crossed 25,239, led by auto gains, optimism over US trade talks, and Fed rate cut expectations. Analysts see bullish momentum with Nifty eyeing 25,500.Read More

The dollar fell across the board on Tuesday, sinking to four-year low against the euro, as investors firmed bets for a Federal Reserve interest rate cut this week.Read More