India inflation in March likely steady after four months of decline: Reuters poll
India’s consumer prices likely saw a similar increase in March as in February, with a Reuters poll forecasting a 3.60% rise. Higher gold prices, driven by investors seeking safe haven amid trade concerns, offset stable food prices impacted by uneven rainfall and heat waves. The Reserve Bank of India is expected to cut interest rates […]
Stocks to buy: Vedanta, HCL Tech and Delhivery on investors’ radar
Following Tuesday’s market rebound, analysts are offering insights on key stocks. Vedanta shows strength above Rs 370, with potential upside beyond Rs 390. HCL Tech maintains a strong uptrend, favoring a buy-on-dips strategy. Conversely, Delhivery remains bearish, with analysts advising caution until it surpasses Rs 268.
S&P 500 hits lowest close in almost a year as hopes wane for tariff concessions
The S&P 500 plummeted below 5,000 for the first time in nearly a year, triggered by investor anxieties over President Trump’s impending tariffs. A strong morning rally faded as hopes for tariff delays diminished. The benchmark index has suffered a significant market value loss since the tariff announcement.
Japan rules out using US Treasury holdings to counter Trump tariffs
Finance Minister Katsunobu Kato stated Japan will not use its U.S. Treasury bonds as leverage against American tariffs. This was in response to a suggestion to sell the bonds as retaliation. Kato clarified that these holdings are for potential currency intervention. Selling them would be like buying yen, a move Japan is wary of.
Wall Street slides again as US forges ahead with 104% tariffs on China
S&P 500 companies have lost $5.8 trillion in stock market value since Trump’s tariff announcement last Wednesday, the deepest four-day loss since the benchmark was created in the 1950s, according to LSEG data. Global markets had previously posted gains on hopes that Trump might be willing to negotiate down the array of country and product-specific […]
Asian stocks drop as Trump’s tariff deadline nears
Stocks tumbled in Australia and Japan and equity-index futures for the S&P 500 fell more than 1.8%. The dollar edged lower against major peers and oil extended its selloff. The offshore yuan rebounded after sinking to the lowest since it began trading in 2010. Yields on 10-year Treasuries extended this week’s strong gains.
Markets take a calming breath after rollercoaster
The NSE Nifty rose 374.25 points, or 1.7%, to close at 22,535.85, in its highest single-day gain since January 2. The BSE Sensex rose 1,089.18 points, or 1.5%, the biggest upside in a day since March 18, to end at 74,227.
Tide turns mid-March, FPIs pour Rs 17,585 cr into financial services in 2 weeks
Financial services received the highest inflows at ₹17,585 crore in the second-half of the month after they sold these shares worth over ₹3,000 crore in the first-half of the month. In 2024, overseas investors pulled ₹58,280 crore out of the shares in the sector.
Four companies receive approval from Sebi for IPOs
The regulator issued its final observations on the draft papers last week. When a company receives a final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO process.
Nifty 50’s revenue growth may stay in single digits for 4th quarter in a row
Revenue growth will likely remain in single digits for the fourth quarter in a row. Given a higher base in the form of strong growth in the corresponding quarter of the previous year, net profit growth is expected to be slower after growing in double digits for the previous two quarters. Banking, financial and select […]