Australian shares climbed, led by National Australia Bank’s record surge, while New Zealand equities saw a significant boost after the central bank maintained its interest rates. The ASX 200 reclaimed the 9,000 mark, buoyed by strong bank earnings, though caution lingers regarding future rate hikes. New Zealand’s market experienced its best day in over nine...Read More

Indian markets show strong performance in PSU banks, capital goods, and infrastructure. Dipan Mehta highlights PSU banks closing valuation gaps with private peers. Capital goods firms benefit from robust order books and capex cycles. FMCG stocks face caution due to slow growth. Infrastructure and engineering companies with diversified orders, like L&T, are favored.Read More

Indian IT firms’ robust business models, honed over decades, are well-equipped to navigate AI disruption, according to analyst Sandip Agarwal. While valuations remain a concern, the sector’s ability to reskill and adapt to client needs, coupled with significant AI opportunities, suggests resilience. Strong industry preparedness for AI implementation promises substantial revenue growth in the coming...Read More

India’s bond market is defying monetary policy easing, with benchmark yields staying elevated despite a 125bps repo rate cut. Structural liquidity tightness, weak deposit growth, and limited demand for G-Secs are driving this disconnect. The RBI’s proactive liquidity measures aim to ease funding stress as banks face margin pressures.Read More

Kevin Warsh, a nominee for Federal Reserve leadership, favors shrinking the central bank’s balance sheet. However, achieving this goal faces significant hurdles, as current financial system rules necessitate substantial bank reserves. Reducing the Fed’s footprint too aggressively risks market volatility and loss of control over interest rates.Read More

Shares of ITC Ltd, Godfrey Phillips India Ltd and VST Industries Ltd jumped rose sharply on Wednesday after reports of cigarette makers raising prices to absorb higher excise duties. The move sharply narrows expected EBIT pressure to about 2%, versus earlier forecasts of 8–15%.Read More

Indian government bonds remained steady Wednesday despite a debt switch aimed at reducing gross borrowing for the upcoming fiscal year. Traders are now anticipating upcoming debt supply and a holiday closure. The benchmark bond yield saw a slight increase after a recent decline. Investors await Friday’s significant bond sale, with overnight swap rates showing mixed...Read More

Infosys’ AI roadmap, targeting a $300-400 billion market, failed to impress investors, causing shares to tumble despite a bullish outlook from brokerages. While the company highlighted AI as a structural tailwind, market concerns persist over the immediate deflationary impact on legacy revenues versus the long-term benefits.Read More

The International Monetary Fund said the Japanese yen’s value should be set by market forces, reaffirming support for Japan’s flexible exchange-rate regime amid global currency volatility. IMF mission chief Rahul Anand noted there is no “right” level for the currency, as exchange-rate movements help economies adjust to global shifts.Read More

Public sector banks remain attractive for investors even after recent gains. A significant valuation gap persists with private lenders, suggesting further narrowing. Metals are in a strong long-term upcycle driven by global trends. Volatility in commodities is natural, but the outlook is positive. Investors can still selectively enter PSU banks and metals for future growth.Read More