Wall Street saw record highs after the US Federal Reserve reduced interest rates. Chipmaker Intel experienced a significant surge following Nvidia’s investment. The small-cap Russell 2000 index also reached a new high. The Fed indicated potential further rate cuts due to a softening job market. CrowdStrike shares rose after brokerage upgrades.Read More
Oil prices experienced minimal movement on Friday following a previous decline, influenced by the U.S. Federal Reserve’s interest rate cut and concerns about fuel demand in the United States. Rising U.S. distillate stockpiles and a strengthening dollar further weighed on prices, while economic data indicated a softening U.S. labor market.Read More
Gold prices remained stable as investors looked for clues about future US interest rates. The Federal Reserve recently cut rates, hinting at further easing but also cautioning about inflation. Lower rates typically benefit gold. The Bank of England held rates steady. The Bank of Japan is expected to maintain its rate.Read More
Six Nifty500 stocks, including LIC Housing Finance, NTPC, and Indian Hotels, closed above their 200-DMA on September 18, signaling a potential uptrend.Read More
Following the US Federal Reserve’s rate cut, anticipation surrounds the potential return of foreign capital to Indian equities. However, high valuations in India and attractive opportunities in markets like China may temper inflows. While foreign selling has slowed, a significant turnaround hinges on domestic institutional investor activity and improved earnings momentum to shift FPI sentiment.Read More
Reserve Bank of India Governor Sanjay Malhotra addressed state finance secretaries. He highlighted the importance of sticking to the borrowing calendar for state bonds. Malhotra emphasized fiscal discipline to boost economic growth. States need to improve spending quality. He also urged prudence in off-budget borrowings. These measures are crucial for sustainable financial health.Read More
Sebi has settled proceedings with Motilal Oswal Financial Services regarding a case of suspected front-running by the Chaturvedi Group, linked to a large client’s trades. The brokerage paid ₹34.85 lakh as settlement charges. The regulator alleged the firm failed to maintain proper order records and attempted to create supporting documents post-execution, leading to a show-cause...Read More
NaBFID, having sanctioned ₹2 lakh crore in projects, is urged to enhance expertise and systems for long-term infrastructure viability, according to M Nagaraju. He suggested NaBFID act as a transaction advisor, mitigating early-stage risks to attract commercial investment. Focus should be on urban infrastructure and water, developing standards and engaging with states to improve project...Read More
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