Rupee strengthened against the dollar despite equity outflows as RBI intervened aggressively to curb speculation. Central bank dollar sales lifted the currency to a three-week high, made it Asia’s top performer, and signalled tolerance for only limited one-sided moves ahead.Read More
U.S. online holiday spending growth slowed in the 2025 season, Adobe Analytics data showed on Wednesday, even as shoppers set a record on the back of steep discounts and wider use of buy-now-pay-later plans.Read More
Microcap Mangalam Drugs saw multiple bulk deals as Vijay Kedia’s firm sold shares, yet the stock rose five percent. Despite a month-long rally, the stock remains deeply down year-on-year and trades below key moving averages after prolonged price erosion phase.Read More
Wall Street stocks edged higher early Wednesday, driven by renewed excitement over technology announcements from the Consumer Electronics Show. Private sector employment showed a rebound in December, adding 41,000 jobs, though slightly below forecasts. Investors are now anticipating Friday’s government payrolls report for a clearer picture of the job market.Read More
Bernstein warns that Indian Energy Exchange faces a “regulatory storm” despite recent legal relief in the market-coupling case. The brokerage maintains an underperform rating, arguing that policy risks around coupling, transaction charges, and returns overshadow operating gains, even as IEX shares rally on favourable signals from the appellate tribunal.Read More
Tata Steel reported record Q3 crude steel production and deliveries, driven by higher output at Jamshedpur and Kalinganagar, strong domestic demand, robust branded sales, automotive volumes, and sharp growth in e-commerce-led revenues.Read More
Indian government bonds ended largely unchanged on Wednesday, with the former benchmark paper leading losses, after the central bank once again went ahead with a set of illiquid papers for next week’s debt purchase.Read More
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