Asian markets capped a stellar February, with the MSCI Asia Pacific Index hitting its strongest February since 1998. South Korea led a powerful AI-driven rally, while global funds boosted emerging-market exposure. Momentum may carry into March, though profit-taking, US inflation data and geopolitical risks could temper sentiment.Read More
The rupee depreciated by 4 paise to 90.95 against the US dollar in early trade on Friday, primarily due to Foreign Institutional Investor (FII) outflows and a decline in domestic equity markets. However, a weaker dollar and falling global crude oil prices provided some support, preventing a steeper fall in the local currency.Read More
Indian markets are seeing sector rotations. Jitendra Gohil of Bajaj Alternate Asset Management says investors should be selective. Strong company finances may lead to lower profits ahead. Foreign investors are focused on AI globally. PSU stocks, especially banks, remain attractive. Power and data centres are also promising. Avoid lower-end consumption and overpriced paint and cement companies. Focus on reform beneficiaries.Read More
The average rate on a 30-year fixed mortgage in the US has fallen below 6% for the first time since September 2022, offering a psychological lift to the housing market. Data from Freddie Mac showed the rate easing to 5.98% this week from 6.01% last week and 6.76% a year ago.Read More
Indian government bonds experienced a dip as traders prepared for substantial auctions totaling 750 billion rupees. This heavy supply is bringing demand-supply dynamics to the forefront. Investors are also awaiting crucial economic growth data for October-December, with predictions pointing to a 7.2% expansion. The benchmark bond yield saw a slight increase.Read More
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