Analysts anticipate divergent March quarter earnings for banks, with private lenders projected to see nearly 12% net profit growth while public sector banks expect a modest 2% expansion. Margins may face pressure, though asset quality is expected to remain stable despite geopolitical uncertainties impacting business loans.Read More
Wall Street anticipates the Federal Reserve will adopt a gradual strategy for reducing its balance sheet expansion. The central bank began purchasing approximately $40 billion in short-term Treasuries monthly in December to alleviate funding market pressures. Officials suggest the pace of these purchases will be significantly reduced, moving cautiously to avoid missteps as the Fed aims for an end state.Read More
Life Insurance Corporation of India announced its first bonus share issue in a 1:1 ratio, doubling its paid-up equity base. This move aims to reward shareholders amid the stock’s underperformance since its 2022 public debut. The issuance, subject to approval, will capitalize reserves and is expected within two months.Read More
Oil prices dropped as talks between the U.S. and Iran offered hope for de-escalation. This eased worries about supply disruptions from the U.S. blockade of the Strait of Hormuz. Brent and WTI crude futures saw declines. Analysts suggest tight oil balances could keep prices elevated. International bodies urged nations to avoid hoarding energy supplies.Read More
Japanese stocks surged to a multi-month high as hopes for an end to the Iran conflict boosted market sentiment. Oil prices dipped on optimism surrounding ceasefire talks, with U.S. Vice President JD Vance indicating progress.Read More
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