Latest Updates Around The World
US consumer prices rose less than expected in January, reinforcing expectations that inflationary pressures will remain contained, according to Reuters. This keeps the prospects for rate cuts later this year intact.The consumer price index rose 0.2% in January, after an increase of 0.3% in December. On an annual basis, prices rose 2.4%, slightly less than […]
A recently announced merger of India’s energy sector lenders is fueling hopes that the financing will boost energy and other key drivers of the world’s fastest-growing major economy.The Indian government has announced that it will acquire state-owned Power Finance Corp. and the REC Ltd unit. will merge. As money managers digest the details, they see […]
London: The Bank of England will keep a close eye on a tough set of economic data in the coming days after a sharp decision to leave interest rates unchanged amid concerns that inflation remains uncomfortably high. A busy week for watchers of the British economy will include labor market figures and consumer price data, […]
Emerging markets are poised for a long-term upward trend following their underperformance against the US, said Arvind Sachdeva, chief market strategist at 13D Research & Strategy, an independent institutional global research firm. In an interview with Nishanth Vasudevan, Colorado-based Sachdeva, during his recent visit to Mumbai, said India may underperform for now while China, Brazil, […]
Mumbai: Overseas fund managers have cut their bearish derivatives bets on India last month from January lows, encouraged by signs of waning pessimism over the market outlook. But the ease of risk-off sentiment isn’t compelling enough to go completely bullish, with these investors still retaining a larger portion of their bearish bets, especially as uncertainty […]
Foreign Portfolio Investors (FPIs) staged a sharp turnaround in early February, pumping Rs 19,675 crore into Indian equities in the first two weeks, buoyed by the US-India trade deal and easing global macroeconomic concerns.The inflow follows three consecutive months of heavy selling, with FPIs withdrawing Rs 35,962 crore in January, Rs 22,611 crore in December […]
The recent trade deals with India mark more than incremental policy changes. They indicate a strategic repositioning. India no longer competes solely on cost or capacity; it competes in terms of market access. For a country running a structural current account deficit due to energy and electronics imports, export competitiveness becomes crucial for macro stability. […]
After a strong rally in January, many commodities have cooled, moving sideways or falling slightly. This has raised an important question for traders: is the recent pullback the start of a deeper correction, or is it just a healthy pause before prices rise again?Right now, the macro environment is mixed and signals are being sent […]
Nifty closed with sharp cuts on Friday amid selling pressure across the board, with consumer, IT and energy stocks trailing the markets the most. The India VIX also rose above its 200-DMA, indicating rising fear among market participants. Commenting on the technical charts, Rupak De, Senior Technical Analyst at LKP Securities, said the setup has […]
The combined market valuation of six of the top 10 most valued companies eroded by over Rs 3 lakh crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest laggards amid a bearish trend in equities.The benchmark BSE has fallen 953.64 points or 1.14 percent in the past week. […]
