Tata Capital Q2 Results: Cons’ net profit rises 2% YoY to Rs 1,097 crore; NII jumps 23%

Newly listed NBFC, Tata Capital, on Tuesday reported a marginal growth of 2% year-on-year (year-on-year) in its consolidated net profit at Rs 1,097 crore in the second quarter. Net interest income for the quarter improved 23% year-on-year to Rs 2,637 crore over the same period. The reported net interest income for the quarter excludes the […]

Gold prices fall by Rs 2,100 and are trading below Rs 1.19 lakh. What do graphs say about rebound?

After a four-hour delay in the start of trading on the MCX, gold and silver futures opened lower on Tuesday, extending their losses for the second straight session, tracking weakness in global markets and reducing demand for safe havens. On the Multi-Commodity Exchange (MCX), gold futures traded at Rs 1,18,864 per 10 gram in December, […]

Eurozone yields were mixed ahead of central bank meetings and data, while US-China talks took center stage

Euro zone government bond yields were mixed on Tuesday as investors remained cautious about a potential US-China trade deal and awaited central bank decisions later this week. China hopes the United States can meet halfway to “prepare for high-level interactions” between the two countries, Foreign Minister Wang Yi told U.S. Secretary of State Marco Rubio […]

US market rally driven more by sentiment than substance: Sudip Bandyopadhyay

While global markets are recovering on renewed optimism about potential trade progress between the US and China, questions remain about how sustainable this upward trend really is. The rise in US stock prices, largely driven by sentiment, comes ahead of the highly anticipated meeting between President Xi Jinping and President Donald Trump. In an exclusive […]

The rupee falls 21 paise to 88.40 against the US dollar in early trade

The rupee devalued by 21 paise to 88.40 against the US dollar in early trade on Tuesday, pressured by month-end dollar demand from importers and a rise in global crude oil prices. Forex traders said investors are watching Wednesday’s Federal Reserve policy decision for further clues. Markets assign a 97.8 percent probability of a 25 […]

Asian stocks lose strength at open; gold drops below $4,000

The record rally in global stocks provided a breather in early Asian trading on Tuesday, as markets braced for a wave of mega-cap tech gains and policy announcements from major central banks this week. Share prices in Japan and South Korea retreated from Monday’s record highs, while shares in Australia also fell at the open. […]