U.S. stocks climbed Tuesday, with the S&P 500 reaching a record high following robust GDP data. Strong economic growth pushed bond yields higher, benefiting growth stocks like Nvidia and Alphabet. Despite some weaker economic indicators, the market anticipates a potential “Santa Claus rally” as the year concludes.Read More
Gold prices have crossed the $4,500 an-ounce mark for the first time. Silver and platinum have also reached record highs. This surge is fueled by investor demand for safe assets and anticipation of more U.S. interest rate reductions next year. The U.S. dollar’s decline further supports these precious metals.Read More
Raytheon Technologies secured a $1.7 billion contract to supply four Patriot air and missile defense systems to Spain. This mobile system, developed by Raytheon, is designed to detect, track, and destroy incoming aircraft and missiles. The deal follows similar orders from Germany, the Netherlands, and Romania, and a separate U.S. sale to sustain Ukraine’s Patriot...Read More
Under the first Pradhan Mantri Awas Yojana (PMAY), developers were eligible for a 100% income tax exemption on profits from approved affordable housing projects. The scheme ended in March 2022 and the incentive was not carried forward under PMAY 2.0, prompting mortgage lenders to seek its reintroduction.Read More
The loan agreement, signed on Monday, was priced 125 basis points above the three-month Secured Overnight Financing Rate (SOFR), said the person.Read More
Equity markets may witness a ‘Santa Rally’ as analysts point to strong technical cues and historical data. The Nifty has historically gained in 77% of year-end periods, with analysts expecting further upside towards 26,500. Stable global cues and low volatility support a continued upward trend.Read More
Railway-linked stocks have seen a year-end comeback, with companies in ticketing, rolling stock, and infrastructure posting significant gains. Jupiter Wagons led the rally, attributed to budget expectations and a preferential issue conversion. Analysts suggest booking profits on further rallies while focusing on wagon businesses with stronger demand.Read More
Gold prices hit a record high of ₹1.36 lakh per 10 grams on Tuesday. This surge is influenced by rising international prices and expectations of further gains. Experts predict gold could reach ₹1.38 lakh to ₹1.4 lakh by January 2026. Consumers are holding onto existing gold, anticipating even higher prices.Read More
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