BSE’s Managing Director and CEO Sundararaman Ramamurthy states the exchange prioritizes long-term market growth over derivatives market share. Recent tax changes may encourage longer-term equity investments. Ramamurthy believes the exchange is still in its early growth phase, with significant potential for foreign investor participation. He anticipates market microstructure adjustments due to these developments.Read More
Japan’s 40-year government bond yield declined for a fourth consecutive session, reaching its lowest point since January 9. This dip was attributed to strong demand from foreign investors, who have been actively purchasing super-long-dated bonds. Shorter-maturity yields also fell as expectations for an early Bank of Japan interest rate hike diminished.Read More
Australian shares closed flat on Tuesday as gains in miners and gold stocks were offset by declines in banks, while insurance stocks came under pressure after the launch of an AI tool by Insurify.Read More
Japan’s Nikkei share average closed at a record high on Tuesday, following robust quarterly earnings and momentum from Prime Minister Sanae Takaichi’s landslide victory in the general election.Read More
India’s market regulator has halted new exchanges NCDEX and MSE from trading equity derivatives. SEBI insists they must first build robust share-trading businesses and demonstrate sufficient cash market liquidity. This move reflects caution over India’s booming derivatives market, aiming to prevent further fueling without a solid underlying equity base.Read More
Gold ETFs saw record inflows of Rs 24,040 crore in January, narrowly surpassing equity mutual funds. This surge, a 106% month-on-month jump, signals a potential shift in investor strategy, with gold ETFs becoming a preferred safe-haven and diversification tool amidst market volatility and inflation concerns.Read More
Tata Steel shares rose for a second straight session, gaining over 7%, after the company reported strong Q3 results. Consolidated net profit surged 723% YoY to Rs 2,689 crore, while revenue increased 6% YoY to Rs 57,002 crore. However, on a sequential basis, profit fell 13% and revenue declined 3% compared with the previous quarter.Read More
Renowned investor Peter Schiff predicts continued gains for gold and silver, driven by a weakening U.S. dollar and shifting global monetary trends. He cites a loss of confidence in U.S. fiscal policy and central bank independence as key factors, suggesting gold will replace the dollar as a reserve asset.Read More
Bitcoin saw a dip to $69,700 with trading volumes dropping significantly. Major cryptocurrencies like Bitcoin and Ethereum fell up to 2 percent. Other altcoins experienced over 6 percent declines. The global crypto market capitalization also decreased. Experts note Bitcoin is consolidating around $70,000, with institutional investors buying the dip.Read More
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