Latest Updates Around The World
Mumbai: State-run Power Finance Corp (PFC), which scrapped bond sales to select investors late last year, is raising up to ₹5,000 crore of government debt through a more economical bond issue that will run for two weeks from January 16. This sovereign debt issue, comprising an initial offer of ₹500 crore, extendable by up to […]
The benchmark index Nifty started the month of December on a strong note, posting a new all-time high in its very first trading session. However, this early enthusiasm soon suffered a healthy setback, a typical breather after a sharp surge. Interestingly, this decline found a strong base near the 20-day EMA – a zone that […]
Indian stock indices rose more than half a percent after the Reserve Bank of India cut interest rates by 25 basis points on Friday and signaled more easing would come. The upside, helped by the measures, offset losses in the week caused by a weaker rupee and selling by foreign investors.Following the RBI’s announcement, the […]
Real estate sector CREDAI and NAREDCO on Friday said the RBI’s move to cut the repo rate by 25 basis points would lead to a reduction in home loan rates and boost housing demand.The central bank cut its key interest rate for the first time in six months and took steps to boost liquidity, supporting […]
The rupee closed little changed on Friday after the Reserve Bank of India cut its policy rate, sending the currency below 90 per dollar for the first time in almost a week, on concerns over declining dollar inflows into the economy.The rupee closed at 89.98 against the US dollar, little changed from the previous session’s […]
Indian shares closed higher on Friday, with the Sensex and Nifty reversing an early lull, as financial and auto stocks, usually sensitive to interest rate moves, led the advance after the Reserve Bank of India cut policy rates by 25 basis points.The S&P BSE Sensex climbed 447 points, or 0.52%, to end at 85,712.37. The […]
India’s benchmark Nifty has hit new all-time highs, but the broader market continues to underperform, with the Nifty Smallcap Index still 11% below its peak. According to Rupen Rajguru, Managing Director and Senior Advisor at Julius Baer, this divergence signals an attractive time for investors to accumulate stocks as India’s earnings cycle prepares for a […]
Indian stock markets remain near record highs, but the rupee’s sudden crash and sharp global volatility have raised red flags for investors, says market expert Ajay Bagga. Despite strong AI optimism in global markets early Thursday, US indices reversed sharply, and the ripple effect spread to Asia. RBI missing as Rupee crashes below 89 Calling […]
