Gold prices saw a slight dip but stayed close to record levels. Investors are watching for the U.S. Federal Reserve’s interest rate decision. Market anticipates potential rate cuts. MCX gold futures experienced a minor decrease. Silver futures witnessed a more significant drop. Globally, the dollar weakened as markets await the Fed’s move. Focus is on...Read More
U.S. Treasury yields reflect political pressure, Fed skepticism, and inflation risks. Short-term yields dip on policy easing bets, while long-term yields face fiscal concerns, driving investors toward private credit and alternative assets.Read More
Motilal Oswal’s Nandish Shah bets on NMDC, JSW Steel, Tata Steel, Vedanta, and Hindalco as metals rally. GST cuts and easing inflation are expected to revive discretionary demand, boosting consumption-focused sectors.Read More
The Indian rupee opened 23 paise stronger on Wednesday, trading at 87.82 against the US dollar buoyed by renewed trade discussions between India and the United States.Read More
Siddharth Vora of PL Asset Management expresses strong optimism for Indian stock market’s short- and medium-term growth, citing improved global trade conditions and robust domestic fundamentals. He anticipates a potential market surge driven by high-beta sectors like materials and financials, along with the expected return of foreign institutional investors and benefits from potential US Federal...Read More
Mukesh Ambani is planning a blockbuster IPO for Reliance Retail in 2027, following the listing of Reliance Jio. The retail giant, potentially valued at $200 billion, has shown strong financial growth and is streamlining operations. This IPO is expected to provide exits for global investors and solidify Reliance Retail’s position as India’s largest retailer.Read More
Shares of Dev Accelerator made a muted debut on Wednesday, September 17, listing at Rs 61.30 on the NSE, slightly above the Rs 61 IPO price, and later rose 5% to Rs 64.02. The Rs 143-crore IPO saw healthy investor interest, though the grey market premium remained modest. Analysts warn valuations are rich, recommending caution...Read More
Prosus NV, fueled by its Tencent success, has significantly increased its stake in Urban Co. to 7.35% ahead of its IPO, investing $139 million. Urban Co.’s Mumbai trading debut surged by 74%, valuing the company at $2.8 billion, with the IPO being heavily oversubscribed. Prosus anticipates benefiting from the growth of Indian consumer-focused businesses.Read More
Robert Kiyosaki criticises mutual funds and ETFs, calling them “for losers,” while welcoming Trump’s executive order allowing 401(k) investors to access alternative assets like gold, silver, Bitcoin, real estate, and private equity, which he says will increase the value of his preferred investments.Read More
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