Artificial intelligence deals propelled the S&P 500 and Nasdaq higher on Monday, with Amazon’s $38 billion agreement with OpenAI and Nvidia’s chip allocation boosting tech stocks. Despite a foggy monetary policy outlook due to scarce economic data and a government shutdown, market sentiment was supported by positive trade news and dovish Fed commentary.Read More
Oil prices saw little change as OPEC+ decided to pause output hikes in the first quarter, despite ongoing concerns about a potential supply glut. Major energy producers and the U.S. Department of Energy challenged forecasts of an oversupply next year, while Russia’s lobbying influenced OPEC+’s decision due to Western sanctions. Investors anticipate U.S. inventory data...Read More
The dollar held near a three-month high as a divided Federal Reserve reduced interest rate cut expectations. Investors are awaiting the Reserve Bank of Australia’s policy meeting, where rates are likely to remain unchanged. Meanwhile, the yen weakened, nearing levels that previously prompted intervention.Read More
Gold prices dipped below $4,000 per ounce as a strong dollar and reduced expectations of a December U.S. interest rate cut weighed on demand. Easing U.S.-China trade tensions also contributed to the decline, while China’s removal of gold tax exemptions could impact its market.Read More
The price band is set between Rs 120 and Rs 125 per share. The minimum lot size for retail investors is 2,000 shares, requiring a minimum investment of Rs 2.5 lakh at the upper price band.Read More
Public sector banks are performing strongly. Their September quarter earnings have boosted investor confidence. Bank of Baroda and Indian Bank saw significant gains. Analysts note improved valuations and declining NPAs. This resilience makes PSU banks an attractive investment. Their performance outshines private banks and the broader market over the last six months.Read More
Brookfield Asset Management will invest twelve billion dollars in Andhra Pradesh’s renewable energy sector over the next three years. This is the largest overseas commitment to India’s green energy sector. The global firm also plans to establish a township and multiple hotels under its Leela brand.Read More
The government is gearing up for a comprehensive review of digital banking units with the goal of amplifying financial inclusion and simplifying customer interactions. These innovative units will aid in efforts such as regular customer verification and reclaiming unclaimed assets.Read More
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