Indian markets closed higher on Friday, showing resilience. Nifty’s bounce from support suggests the uptrend may continue. IndiGo, Bajaj Finserv, Eternal, Ola Electric, and Fino Payments Bank are in focus. Bajaj Finserv plans expansion into pensions and wealth management. Ola Electric begins mass deliveries of new vehicles. RailTel and Cochin Shipyard secured new orders.Read More

Indian stock markets rose on Friday following a 25-basis-point rate cut by the RBI. Analysts anticipate consolidation with a positive outlook, supported by RBI’s actions and steady domestic flows. Global markets showed mixed movements. Foreign portfolio investors were net sellers, while domestic institutional investors were net buyers. The Indian Rupee closed lower against the US...Read More

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Oil prices reached two-week highs as investors anticipate a Federal Reserve rate cut, potentially boosting economic growth and energy demand. Geopolitical risks, including slow Ukraine peace talks and potential bans on Russian oil exports, are also influencing market sentiment. Additionally, increased purchases of Iranian oil by Chinese refiners are easing supply gluts.Read More

The U.S. dollar stabilized ahead of a busy week of central bank meetings, with the Federal Reserve’s interest rate decision being the main focus. Analysts anticipate a “hawkish cut” from the Fed, potentially supporting the dollar. Other central banks, including Australia and Canada, are also meeting, with no expected policy changes outside of the U.S.Read More

Gold prices saw a slight increase on Monday. This rise was driven by growing expectations of a U.S. Federal Reserve interest rate cut this week. Such a cut would likely weaken the U.S. dollar. A weaker dollar makes gold more attractive to buyers using other currencies. Investors are closely watching economic data and Fed commentary...Read More

Astron Multigrain is set to list on the BSE SME platform on December 8 following a modest IPO that closed at ₹18.40 crore. The company, which manufactures instant noodles and other snacks, saw a 1.22 times overall subscription, with retail investors showing more interest than non-institutional investors. Proceeds will fund capital expenditure and working capital...Read More

To ensure the recent interest rate reduction truly benefits the economy, the Reserve Bank of India may have to infuse a staggering 1.5 lakh crore into the financial system. This move is seen as vital to offset the liquidity drains caused by advance tax payments and possible forex market interventions.Read More

Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios, restricts deeper cuts. Consequently, banks will experience continued margin pressure in the near term. However, a turnaround in profitability is anticipated later this fiscal year.Read More

Next year, Bajaj Finserv is paving the way for a dynamic foray into pensions and wealth management, setting the stage for a robust financial future. With ambitions to list its insurance arms in the next four to five years, this strategy is a cornerstone of their ambitious five-year roadmap aimed at tripling revenue by FY30.Read More