ETMarkets Smart Talk: Retail investor sentiment bullish but caution required as markets peak, warns Ashwani Dhanawat
The Fed is gaining confidence that inflation is moving toward its 2% target and will carefully evaluate economic data to inform its future decisions. Projections indicate a cumulative 100 basis points cut in 2025 and 50 basis points in 2026.
Disclosures by Sebi members not said to face checks for violations
Disclosure requirements for board members at India’s capital market regulator are under scrutiny following allegations against chairperson Madhabi Puri Buch. The current system requires members to disclose holdings but lacks thorough verification, raising concerns about potential conflicts of interest. Calls for revamping rules to mandate trading plans and approvals have emerged.
$900 mn inflows! Trent, BEL, Canara Bank to enter Nifty50 today
Trent, Bharat Electronics, and Canara Bank are set to benefit from the Nifty indices rebalancing on Friday. Divi’s Laboratories and LTIMindtree will exit the Nifty 50 index, likely facing selling pressure. The National Stock Exchange will also rebalance other indices like Nifty Bank and Nifty Next 50 based on semi-annual reviews.
Silver surges to highest since 2012 as precious metals rally
Silver reached its highest level since 2012, while gold hit a new record as expectations for further Federal Reserve interest-rate cuts boosted precious metals. Silver climbed to $32.71 an ounce, extending this year’s gain to 37%. Gold hit a record of $2,685.58 an ounce before paring gains to trade at $2,664.85.
US polls to test optimism in stocks, says Goldman Sachs
The US presidential election may impact investor optimism in the stock market, despite a recent recovery. Goldman Sachs strategists highlight concerns over policy uncertainty, especially regarding corporate tax reform. Additionally, doubts about the benefits of high spending on artificial intelligence could affect stocks. International diversification might offer more advantages towards year-end.
Stocks in news: Biocon, SJVN, Adani Green, Union Bank, Nuvama Wealth
Stocks in news: Markets saw a nearly 1% rise on the monthly expiry day, driven by favorable cues. Key stocks in focus include Biocon, SJVN, Adani Green, Union Bank, and Nuvama Wealth due to various developments such as agreements, joint ventures, property sales, and potential equity sales.
Asian stocks extend rally on China, US sentiment: Markets wrap
Asian stocks continued to rise as China’s new stimulus measures and record highs in US benchmarks boosted market sentiment. The S&P 500 reached its 42nd closing record this year, while Chinese shares listed in the US surged. Traders await further details on China’s stimulus and upcoming US economic indicators.