Star Health and Allied Insurance Company’s shares surged over 13% after reporting a significant jump in Q4 FY26 net profit to Rs 111.34 crore, exceeding brokerage estimates. The insurer also saw a 14% year-on-year growth in net earned premium and a narrowing of underwriting losses, indicating improved operating efficiency and profitability.Read More
Crude oil prices and UAE’s role in OPEC+ are influencing Indian markets. Experts suggest oil prices may fall in the medium term, easing concerns for India’s economy. The banking and financial sector shows resilience, with rural and auto demand supporting lending. The pharmaceutical sector sees opportunities in generic drugs like Semaglutide.Read More
Gold’s role in global reserves is set to grow. Deutsche Bank forecasts gold prices could reach $8,000 per ounce in five years. Central banks are increasing their gold holdings, moving away from the US dollar. This trend is driven by economic and geopolitical uncertainty. Emerging markets are leading this shift, diversifying their reserves.Read More
JPMorgan Chase CEO Jamie Dimon warned of an impending global bond crisis, citing rising government debts and geopolitical risks like the Iran-US conflict. He anticipates a sharp jump in bond yields, potentially drawing investors from equity markets. This comes as US Treasury yields remain elevated amid inflation worries and the ongoing Middle East war.Read More
Australian shares closed at a near four-week low on Wednesday but pared early losses after a softer-than-expected measure of core inflation cooled expectations of a May rate hike, although underlying inflationary trends remain a concern.Read More
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