Wall Street rallied Tuesday as economic data suggested a December rate cut by the Federal Reserve. Softness in tech, particularly Nvidia, limited Nasdaq’s gains. Investors are now pricing in an 84.7% chance of a rate reduction, up from 50.1% last week, driven by dovish Fed remarks and weakening economic indicators.Read More

Gold prices are rising in early Asian trade. This is due to optimism about a potential interest rate cut by the Federal Reserve in December. Markets are now pricing in a high chance of this happening. Recent economic data from the US has also supported these expectations. Gold tends to perform well when interest rates...Read More

The dollar weakened as U.S. economic data suggested a December rate cut, with a potential dovish Fed chair nominee further pressuring the currency. The New Zealand dollar surged on a hawkish outlook, while the Australian dollar saw a brief boost from inflation figures. Sterling remained steady ahead of a significant budget announcement.Read More

Alphabet was poised to reach a historic $4 trillion market valuation on Tuesday, driven by a strong year-long surge in its stock. This rally is attributed to the Google parent’s intensified focus on artificial intelligence tools, positioning it among Big Tech leaders in the AI race.Read More

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The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.Read More

The Securities and Exchange Board of India (Sebi) is proposing to simplify the process for investors to obtain duplicate share certificates. The regulator suggested increasing the simplified documentation limit for duplicate securities to ₹10 lakh from ₹5 lakh, acknowledging the growth in market capitalization and investor portfolios. This move aims to reduce procedural burdens and...Read More

Metals, consumer durables, and oil & gas sectors showed strong profit growth in the September quarter. Two of these sectors now trade above their long-term average valuations. Other sectors saw modest profit increases or declines. Investors are advised to consider PSU banks, banks, BFSI, IT, and select steel companies for potential upside.Read More

India’s commercial sector credit surged 24% year-to-date, reaching ₹20 lakh crore by October 31, FY26. This revival, driven by lower lending rates and tax relief, saw significant contributions from non-banking sources like bonds and ECBs, indicating renewed business and investment activity.Read More

Spandana Sphoorty Financial welcomes Venkatesh Krishnan as its new Managing Director and Chief Executive Officer. Krishnan, a seasoned professional with 34 years of experience in financial services, previously led the microfinance division at HDFC Bank. He will assume his new role on November 27 for a three-year term.Read More