Indian equity markets, led by the banking sector, staged a recovery on Tuesday after eight consecutive declines. Analysts believe this signals a sustained rebound, fueled by oversold conditions and the RBI’s dovish stance hinting at future rate cuts. Bank Nifty is expected to continue its upward momentum towards 57,000, potentially lasting until Diwali.Read More
InCred Equities expects Hyundai Motor India to see limited benefits from the GST rate cut, given its heavy reliance on SUVs, exports, and spares. The brokerage raised FY26F–28F sales estimates by just 3%, versus higher industry upgrades, citing weaker exposure to compact cars. Valuations are now 26% above Maruti Suzuki’s. Hyundai shares have risen 50% in six months.Read More
Japan’s Nikkei share average ended at a three-week low on Wednesday in a broad sell-off as investors booked profits from the latest rally at the start of the second half of the fiscal year.Read More
European shares were flat on Wednesday, with gains in heavyweight healthcare stocks offsetting the decline in the broader market, as investors fretted over a potential delay in the closely-watched U.S. jobs data.Read More
The Reserve Bank of India has proposed sweeping changes to expand banks’ role in capital market lending. The central bank has proposed removing the regulatory ceiling on loans against listed securities and raising the individual lending limit from Rs 20 lakh to Rs 1 crore.Read More
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