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Hindustan Copper shares surged nearly 40% in eight sessions, crossing 100% gains for 2025, driven by global supply disruptions and surging demand from electrification and AI. Favorable macro trends, including a weak dollar and rising copper prices, further boosted the company’s outlook. Experts suggest a strong medium-term outlook, though near-term caution is advised due to elevated RSI levels.
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Warren Buffett is retiring as Berkshire Hathaway CEO on December 31. Gregory Abel will take over operational control. This marks the end of a significant chapter for the company. Investors are now considering Berkshire’s future direction. Buffett will remain chairman. The company’s vast holdings and investment strategy will be closely watched.
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Mukesh Ambani led India’s billionaire wealth surge in 2025, adding $16.5 billion as Reliance Industries rallied nearly 30%. Gautam Adani also saw his fortune grow by $5.9 billion following a clean chit from Sebi. Conversely, Shiv Nadar and Azim Premji experienced wealth declines amid IT stock downturns.
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Usage of the US Federal Reserve’s standing repo facility rose sharply to nearly $26 billion, signalling increased demand for short-term liquidity ahead of quarter-end. Elevated borrowing suggests tighter private funding conditions, while a decline in reverse repo usage points to shifting liquidity dynamics in money markets.
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The Indian Rupee saw a slight gain against the US Dollar in early trade today. Strong industrial production data provided support. However, foreign investor selling and rising crude oil prices limited the appreciation. The domestic stock markets also opened lower, influencing currency movements. The Rupee had closed lower on Monday.
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