Asian shares, yen weather Japan uncertainty as earnings loom
Investors were also hoping for some progress in trade talks ahead of President Donald Trump’s August 1 tariff deadline, with U.S. Commerce Secretary Howard Lutnick still confident a deal could be reached with the European Union.
Tax department probes over 20 insurers over breach of expense limits
The Income Tax Department is scrutinising over 20 insurance firms—around 5–6 life insurers and 15 general insurers—for potential breaches of Expense of Management (EoM) norms in the past two fiscal years. No notices have been issued yet, but companies may face tax implications if unable to justify excess spending. The probe follows IRDAI’s revised expense […]
Jio-Allianz, Fairfax-backed Valueattics Re set to shake up India’s Rs 50,000-cr reinsurance market
India’s ₹50,000-crore reinsurance sector is set for disruption with the entry of two new domestic players—Jio-Allianz, a joint venture between Jio Financial and Allianz, and Valueattics Re, backed by Fairfax’s Prem Watsa and Oben Ventures.
FIIs’ bearish derivatives bets on India surge to a 5-month high
Foreign investors are showing caution towards the Indian stock market. Derivative bets indicate a bearish outlook. Uncertainties surrounding global trade tariffs are a major concern. Muted quarterly results also contribute to the negative sentiment. The long-short ratio, a key market indicator, has fallen significantly. This reflects increased short positions by foreign institutional investors.
Nifty support levels at 24,900 seen crucial: Analysts
Nifty is near a key support level of 24,900. A break below could lead to further decline. Analysts suggest short positions in Nifty and select stocks. Profit-booking is advised around 24,500. A rally towards 25,200 presents selling opportunities. Buy-on-dips strategy is ideal. Aggressive longs should be considered above 25,550.
London Stock Exchange Group said to be weighing 24-hour trading
The London Stock Exchange Group is considering introducing 24-hour trading to meet the increasing demands of retail investors. LSEG is currently in discussions to evaluate the feasibility of extending trading hours, including round-the-clock operations. This move is part of a broader exploration of new products and services, with other global exchanges also contemplating extended trading […]
Early Q1 results show a slowdown in revenue and profit growth for Indian companies
Early Q1 results reveal a slowdown in revenue and profit growth, hitting a nine-quarter low, excluding Reliance Industries’ one-time gain. Banking, finance, FMCG, and IT sectors are showing lackluster performance, impacting overall growth. While initial expectations were high for sectors like capital goods and healthcare, the current trend indicates a weaker earnings picture.