Indian markets saw a positive trend on Thursday. Major US stock indexes closed higher. This was driven by lower-than-expected inflation figures. Hopes for interest rate cuts by the Federal Reserve increased. Chipmaker Micron’s strong forecast also boosted sentiment. This indicated robust demand for AI technology. Consumer discretionary stocks and tech stocks performed well.Read More
Oil prices are heading for a second weekly drop as hopes for a Russia-Ukraine peace deal overshadow concerns over Venezuelan supply disruptions. While a U.S. blockade of Venezuelan tankers was announced, its enforcement remains unclear. Analysts suggest potential Russian oil measures could pose a greater market risk. Prices are currently hovering around $56-$60 per barrel.Read More
Mitsubishi UFJ Financial Group is set to invest $4.45 billion for a 20% stake in Shriram Finance, marking the largest FDI in India’s financial services sector. This strategic move paves the way for an eventual acquisition, with MUFG aiming to increase its holding and gain majority control over time.Read More
Asset management and broking stocks surged on Thursday following Sebi’s revised mutual fund fee structure and broking fee caps. The regulator’s less severe overhaul, with reduced expense ratio cuts and lower brokerage fee limits, led to a relief rally, with several AMC and brokerage firms seeing significant gains.Read More
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