Gold prices edged higher on Wednesday, nearing record levels. A potential US government shutdown boosted demand for safe assets. Recent US labor data indicated a softening market. This reinforced expectations for Federal Reserve rate reductions. Traders anticipate rate cuts in October and December. Gold performs well when interest rates are low.Read More
The US dollar is near a one-week low. A government shutdown looms, potentially delaying jobs data. This delay impacts Federal Reserve interest rate cut expectations. The euro holds steady. The yen moves higher. Bank of Japan officials hint at possible rate hikes. Traders await central bank speeches for further direction.Read More
Oil prices steadied on Wednesday after two days of losses, as investors weighed potential OPEC+ plans for a larger output hike against shrinking U.S. crude inventories. Brent and WTI futures saw marginal gains. OPEC+ is reportedly considering raising production by up to 500,000 bpd in November, though OPEC termed such reports misleading. U.S.Read More
Wall Street indexes closed higher Tuesday, securing quarterly and monthly gains, despite a looming U.S. government shutdown threatening economic data and Federal Reserve policy. President Trump warned of “irreversible” actions. Healthcare stocks rallied, notably Pfizer, while airlines declined amid shutdown concerns. Analysts noted a balanced market lacking strong directional conviction, with investors bracing for potential...Read More
DLF’s rental arm DCCDL raised 1,100 crore rupees. This funding came from non-convertible debentures. The issue happened on a private placement basis. DCCDL is a joint venture with GIC. Its net profit rose 26 percent in the June quarter. Total income grew 12 percent. The company reported higher income from properties.Read More
Axis Bank is re-evaluating its plan to sell a stake in Axis Finance. The bank awaits clarity on the Reserve Bank of India’s upcoming circular. Potential investors require regulatory guidance before finalising valuations. Axis Bank committed to the RBI not to infuse additional capital. Axis Finance needs significant capital for its future growth plans. This...Read More
India’s unlisted market faces a stark reality check as major IPOs, including Tata Capital and HDB Financial Services, price significantly below their grey market valuations. This trend has severely dented investor sentiment, causing demand for popular unlisted stocks like NSE and Groww to dry up and their prices to fall. The divergence forces a re-evaluation...Read More
Industry executives attributed the slowdown to relative reluctance among banks, especially those privately owned, to chase housing loans because of the pressure on margins due to reduction in interest rate, while borrowers are delaying purchases in anticipation of further easing of rates. The slowdown also partly reflects the base effect given last year’s numbers had...Read More
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