Asian markets opened lower today. This follows a subdued session on Wall Street. Investors are now keenly awaiting key US inflation data. This report will influence the Federal Reserve’s interest rate decisions. Tech stocks and bonds are under pressure. The market remains cautious ahead of this crucial economic release.Read More

Markets ended marginally higher on Thursday, taking a breather after recent declines, with the rupee’s weakness and caution ahead of the MPC policy outcome persisting. HUL’s ice-cream demerger, IndiGo’s pilot rest duty waiver, Star Health’s claim rejection, ITC Hotels’ stake sale by BAT, and Zaggle Prepaid’s acquisition of Rivpe Technology were key news drivers.Read More

Indian markets saw a slight recovery on Thursday, ending a four-day losing streak. However, gains were limited by foreign investor selling and a weakening rupee. Analysts anticipate continued market consolidation. A potential Reserve Bank of India rate cut could provide a short-term boost. The India VIX, a fear gauge, saw a decline.Read More

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U.S. stocks closed near unchanged as investors assessed mixed labor market data and anticipated a Federal Reserve interest rate cut. Initial jobless claims fell to a three-year low, though the November payrolls report remains pending. Markets are pricing in an 87% chance of a 25 basis point cut this month.Read More

To be sure, GIFT City already extends several benefits to reinsurers seeking to make this an operational hub. It offers no additional capital injection requirement, a 10-year tax holiday, and significantly lighter staffing and regulatory obligations than onshore India, where full-fledged operations demand a CEO, CFO, chief compliance officer and strict key managerial personnel norms.Read More

IndiGo’s stock is facing pressure from widespread flight cancellations. These disruptions are expected to affect revenue and profits in the coming quarter. Analysts suggest further stock drops are possible if the cancellations persist. Investors are advised to wait for clarity on the situation. The company’s ability to restore operations will be key to its stock’s...Read More

Silver prices are poised for further gains, nearing a historical high. Analysts suggest a 10-15% allocation to precious metals, with silver outperforming gold. Demand from industries and investors is tightening supply. Investors are advised to buy on dips, with potential price targets of $75-80 per ounce. Retail investors should manage exposure due to volatility.Read More

Kaynes Technology shares fell 6% after Kotak Institutional Equities highlighted discrepancies in inter-company transaction disclosures between the parent and its subsidiaries. The brokerage noted significant unrecorded transactions and receivables, alongside concerns about accounting for goodwill and intangibles. This follows a substantial rally in the stock.Read More

British American Tobacco plans to sell approximately 7% of ITC Hotels shares, valued at around ₹2,948 crore, via a block deal on December 5. The sale, which represents a portion of BAT’s 15.3% stake, will occur at a floor price of ₹205.6 per share. This secondary transaction follows ITC Hotels’ demerger from ITC Limited.Read More