Oil prices reached two-week highs as investors anticipate a Federal Reserve rate cut, potentially boosting economic growth and energy demand. Geopolitical risks, including slow Ukraine peace talks and potential bans on Russian oil exports, are also influencing market sentiment. Additionally, increased purchases of Iranian oil by Chinese refiners are easing supply gluts.Read More

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Indian stock markets rose on Friday following a 25-basis-point rate cut by the RBI. Analysts anticipate consolidation with a positive outlook, supported by RBI’s actions and steady domestic flows. Global markets showed mixed movements. Foreign portfolio investors were net sellers, while domestic institutional investors were net buyers. The Indian Rupee closed lower against the US...Read More

Indian markets closed higher on Friday, showing resilience. Nifty’s bounce from support suggests the uptrend may continue. IndiGo, Bajaj Finserv, Eternal, Ola Electric, and Fino Payments Bank are in focus. Bajaj Finserv plans expansion into pensions and wealth management. Ola Electric begins mass deliveries of new vehicles. RailTel and Cochin Shipyard secured new orders.Read More

Astron Multigrain is set to list on the BSE SME platform on December 8 following a modest IPO that closed at ₹18.40 crore. The company, which manufactures instant noodles and other snacks, saw a 1.22 times overall subscription, with retail investors showing more interest than non-institutional investors. Proceeds will fund capital expenditure and working capital...Read More

Nifty is expected to continue its uptrend, consolidating near record highs. Analysts suggest buying on dips, with a breakout potentially pushing the index towards 26,500-26,800. IndusInd Bank and PB Fintech are highlighted as top stock picks, with specific buy recommendations and targets.Read More

Money changers’ innovative plan to use stablecoins for NRI remittances is facing disruption. The usual premium on USDT over the US dollar has vanished, leaving some operators with stuck funds or delayed transfers. This scheme offered better exchange rates than banks for sending money from the UAE, UK, and USA to India.Read More

Next year, Bajaj Finserv is paving the way for a dynamic foray into pensions and wealth management, setting the stage for a robust financial future. With ambitions to list its insurance arms in the next four to five years, this strategy is a cornerstone of their ambitious five-year roadmap aimed at tripling revenue by FY30.Read More

Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios, restricts deeper cuts. Consequently, banks will experience continued margin pressure in the near term. However, a turnaround in profitability is anticipated later this fiscal year.Read More

To ensure the recent interest rate reduction truly benefits the economy, the Reserve Bank of India may have to infuse a staggering 1.5 lakh crore into the financial system. This move is seen as vital to offset the liquidity drains caused by advance tax payments and possible forex market interventions.Read More