Indian economy well placed to handle any kind of spillovers from global events: RBI Guv
RBI Governor Shaktikanta Das stated that the Indian economy and financial sector are in a strong position. India’s external sector is robust, and the current account deficit remains manageable. Das highlighted India’s significant foreign exchange reserves. He acknowledged the presence of inflation but expressed confidence in its moderation.
Investors not inclined to ‘sell India buy China’ but to ‘sell India buy USA’: Samir Arora
Samir Arora cautioned investors not to get overly excited by CLSA’s increased allocation to India. He believes that investors were shifting to the US, not from India to China. He also suggests that the India-to-US trade shift has likely played out, with the opportunity to profit from this trend now missed.
These 15 smallcap stocks fell 15-25% in a week
Over the past week, the benchmark index fell by about 2.4%, while the BSE Smallcap index plunged 4.6%. Amid significant smallcap losses, ETMarkets identified the top 15 smallcap stocks that dropped the most, with declines ranging between 15% and 25% during the sell-off.
Coforge and HCL Tech: Top IT picks with potential 23% returns each
Indian IT services are poised for growth, fueled by a favorable US business environment and rising technology spending. Despite past immigration challenges, the sector adapted, and with anticipated tax cuts and increased investments in healthcare and banking, companies like Coforge and HCL Technologies are well-positioned to lead.
Oyo’s share dips to Rs 55 despite strong second quarter profits
Oyo’s shares are currently trading at a discounted valuation despite the company reporting strong financial performance and projecting significant EBITDA growth. Investors are closely monitoring the market and anticipating a successful IPO in the future, driven by Oyo’s impressive profitability and recent acquisition of G6 Hospitality.
European shares end lower on US Fed rate, Trump jitters
European shares fell on Friday, dragged down by disappointing earnings, concerns about the impact of U.S. President-elect Donald Trump’s policies, and a jump in Treasury yields. Investors were also concerned about U.S.-China relations and the impact of Trump’s pick to lead the Department of Health and Human Services.
Oil settles down 2% on weaker Chinese demand, uncertainty over Fed rate cut
Oil prices dropped over 2% on Friday, driven by concerns about weakening demand from China and the potential for slower interest rate cuts by the U.S. Federal Reserve. China’s factory output slowed, and its demand for oil decreased, while U.S. economic data was stronger than anticipated, potentially influencing the Fed’s decision on rate cuts.
Gold set for biggest weekly fall in 3 years as Fed rate-cut bets ease
Gold prices were heading for their most significant weekly drop in over three years as the dollar strengthened due to expectations of less aggressive interest rate cuts by the U.S. Federal Reserve. This rise in the dollar made gold less appealing to investors holding other currencies.
US stocks sink on Powell rate-cut caution, Trump cabinet picks
Wall Street’s major indexes experienced their most significant single-day decline in two weeks, driven by concerns over a potential slowdown in interest rate cuts and reactions to President-elect Donald Trump’s cabinet appointments.
Dollar notches weekly gain as traders reassess rate cut expectations
The U.S. dollar was on track for its most significant weekly gain in over a month as market expectations shifted towards fewer interest rate cuts. This shift was influenced by the belief that President-elect Donald Trump’s policies could fuel inflation, giving the Federal Reserve less leeway to reduce rates.