U.S. stocks fell Tuesday, with financial shares leading the decline after JPMorgan executives voiced concerns about President Trump’s proposed credit-card rate cap. This proposal directly impacts financial companies’ profits and could harm consumers. Despite this, inflation data met expectations, maintaining hopes for Federal Reserve interest rate cuts.Read More
The U.S. dollar strengthened to a near one-month high following CPI data that aligned with expectations, reinforcing the likelihood of the Federal Reserve holding interest rates steady. This comes amid political pressure to lower rates, with experts emphasizing the importance of Fed independence. Market participants are observing subdued volatility ahead of potential Supreme Court rulings...Read More
Victory Electric Vehicles International is poised for its NSE SME debut on January 14, with grey market indicators suggesting a flat listing around its Rs 41 issue price. The company’s Rs 35 crore IPO saw a lukewarm subscription of 0.95 times.Read More
Third quarter earnings season is here. Many companies, including Infosys and HDFC AMC, will reveal their results. Analysts anticipate mixed performances for these firms. Investors will closely watch company outlooks and management commentary. Key factors like deal pipelines and client spending will be under scrutiny. This period promises significant financial updates for the market.Read More
Technical indicators reveal a weakening undertone in India’s top 500 shares, with a majority trading below key moving averages. This broad-based weakness, exacerbated by trade deal uncertainties and global concerns, suggests sellers are dominating across sectors. While oversold conditions may present buying opportunities for quality stocks, a decisive upward trend is not yet anticipated.Read More
The Reserve Bank of India’s 3-year dollar-rupee buy-sell swap witnessed robust demand, attracting bids of $29.9 billion against a notified amount of $10 billion. The cutoff premium surged to 728 paise, reflecting increased pressure on the rupee compared to the previous year. This higher premium indicates a greater cost for the RBI to purchase dollars.Read More
Foreign investors are holding back on India due to shifts in the US-India relationship, according to Barclays’ Ajay Rajadhyaksha. Despite this, India is viewed positively for stability and growth. Rajadhyaksha also discussed the sustainability of the AI rally and sees potential in base metals and large US tech firms.Read More
The Reserve Bank of India is considering new rules for urban cooperative bank licenses. Credit societies meeting strict financial and operational standards may qualify. This move aims to strengthen the sector. The proposal seeks to reopen licensing after a long pause. Only large, well-managed entities will be considered for conversion. Governance standards will align with...Read More
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