Gold holds steady ahead of Fed policy statement
Gold prices remained stable as investors awaited the Federal Reserve’s policy statement for insights into future rate cuts. Focus also remained on U.S.-China trade talks before the August 1 deadline, with officials seeking an extension to the tariff truce. Investors are also closely monitoring U.S. economic data releases, including GDP figures.
Oil steady after big gains on Trump’s Russia ultimatum
Oil prices saw a slight increase on Wednesday. This followed a rise of over 3% previously. Donald Trump gave Russia a deadline to end the war in Ukraine. He threatened tariffs. These tariffs could disrupt Russian oil exports. The US and EU averted a trade war. Talks are ongoing regarding Venezuela’s oil production. These factors […]
Asian shares mixed at open before Fed’s meeting
Asian equities displayed mixed performance ahead of the Federal Reserve’s policy decision, with limited impact from US-China trade talks. The US and China are continuing negotiations regarding a tariff truce, while Trump hinted at potential tariffs on India.
Fertiliser, Agrochem shares gain on Q1, monsoon boost
Fertilizer and agrochemical stocks surged, fueled by robust Q1 results from companies like Paradeep Phosphates and Mangalore Chemicals & Fertilisers. A resurgence in demand post-COVID and promising monsoon forecasts, exceeding normal levels by 6%, further bolstered investor confidence. Several companies have witnessed substantial gains in recent months, driven by import replacement opportunities.
NSDL offers long-term play in a growing capital market
National Securities Depository plans to raise funds through an offer for sale. The depository’s IPO valuation is lower than Central Depository Services. India’s demat account penetration shows annual growth. NSDL focuses on institutional clients. Total income and net profit witnessed growth between fiscal year 2023 and fiscal year 2025.
NSE June quarter PAT jumps 10% QoQ
The National Stock Exchange (NSE) announced strong financial results. The consolidated profit after tax reached ₹2,924 crore in the June quarter. This represents a 10% increase compared to the January-March quarter. Revenue from operations also saw a rise, climbing 7% to ₹4,032 crore. The growth was fueled by increased trading volumes in both the cash […]
Rupee hits fiscal year low amid strong dollar, trade deal worries
The Indian rupee fell to its lowest level this fiscal, closing at 86.8150 against the dollar. A strong greenback, importer demand, and US trade deal uncertainty pressured the currency. Limited RBI intervention and FOMC cues add to investor caution.
Market timing has little impact on SIP returns: Motilal Oswal MF study
A study by Motilal Oswal Mutual Fund reveals an interesting insight. The study suggests that Systematic Investment Plans or SIP returns are nearly identical. It does not matter whether investments started at market peaks or bottoms. Investors who began SIPs during high and low market valuations earned similar long-term returns. Pratik Oswal advises against overthinking […]
India’s top nine private banks report 2.7% profit growth in Q1 amid economic challenges
India’s top private banks saw a slowdown in profit growth. Combined net profit reached ₹43,641 crore in the June quarter. This is a 2.7% increase, lower than the previous year. Sluggish credit and deposit growth impacted performance. Treasury gains helped support profitability. Some banks like Axis Bank and Kotak Mahindra Bank experienced subdued results.
Can M&B Engineering’s IPO deliver strong returns for investors?
M&B Engineering plans to raise ₹650 crore through an IPO, including a fresh issue and offer for sale, to fund expansion and debt repayment. The company, known for its AISC-certified PEB facility and higher margins, will see promoter stake decrease post-IPO.