Indian markets rebounded on Wednesday after US President Donald Trump hinted at easing Iran tensions, with Nifty gaining 348 points to 22,679. Key support and RSI divergence suggest short-term recovery, while traders watch crude oil, the rupee, and market breadth. Active stocks included HDFC Bank, Reliance, Vodafone Idea, and SpiceJet.Read More
Elon Musk’s SpaceX has moved closer to going public with its confidential filing, Bloomberg News reported on Wednesday, as the billionaire’s rocket-and-satellite company looks to beat OpenAI and Anthropic to the new listings market.Read More
Morgan Stanley’s E*Trade is reportedly in talks to lead SpaceX’s upcoming IPO share sales to everyday U.S. investors, potentially sidelining rivals Robinhood and SoFi. This move would allow E*Trade to capture a significant portion of retail allocations, a strategy Morgan Stanley has employed before. SpaceX is considering reserving up to 30% of shares for retail investors.Read More
The Reserve Bank of India has intensified its crackdown on rupee speculation, targeting corporate arbitrage after earlier measures on banks failed. New rules bar rebooking of forward contracts and FX derivatives with related parties. While speculation is curbed, the currency’s weakness persists amid Iran war concerns and elevated oil prices.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
