Gold price hits fresh record after US Fed rate cut
Gold soared to a record high on Wednesday after the U.S. Federal Reserve cut interest rates by a quarter of a percentage point at its policy meeting.
Puma shares surge 10% after media report investors are preparing for takeover
Shares in Puma jumped 10% on Wednesday, with traders pointing to a media report that two parties were preparing for a potential takeover of the German sportswear maker.
Gold retreats from peak level to trade Rs 1,300 lower at Rs 1.13 lakh/10 g on profit booking
Gold prices retreated from peak levels and traded Rs 1,300 lower at Rs 1,13,800 per 10 grams in the national capital on Wednesday, as investors rushed to book profits ahead of the US Federal Reserve’s policy decision.
Nifty outlook: Jefferies’ Mahesh Nandurkar sees 8–9% returns, range-bound market ahead
Indian markets are expected to remain range-bound with 8–9% Nifty returns over the next year, says Jefferies’ Mahesh Nandurkar. Strong domestic inflows support downside, but equity supply and weak FPI participation cap significant upside, keeping consolidation intact.
Sebi for allowing banks, insurers, pension funds to invest in non-agri commodity derivatives: Chief Tuhin Kanta Pandey
Sebi will “engage” with the government to allow banks, insurance companies and pension funds to invest in non-agriculture commodity derivative markets, its chairman Tuhin Kanta Pandey said on Wednesday.
India’s $3.5 trillion gold holdings show it’s far from a ‘dead economy’: Gurmeet Chadha
India’s massive gold holdings, totaling nearly $3.5 trillion across households, RBI, and religious institutions, highlight its economic resilience. Gurmeet Chadha countered the “dead economy” tag amid global uncertainties, citing robust Q1 FY26 GDP growth of 7.8% and strong domestic consumption, services, and manufacturing, underscoring India’s sustained financial strength.
Chris Wood of Jefferies has a warning for investors chasing AI stocks
Jefferies’ Chris Wood warned that Wall Street’s AI-driven rally could end in a “massive overinvestment bust” as hyperscalers ramp up $350 billion in AI capex. He cautioned that stretched valuations and retail-driven buying may trigger a sharp correction once sentiment shifts.
Mutual funds and ETFs are for losers, says Rich Dad Poor Dad author Robert Kiyosaki. Here’s why
Robert Kiyosaki criticises mutual funds and ETFs, calling them “for losers,” while welcoming Trump’s executive order allowing 401(k) investors to access alternative assets like gold, silver, Bitcoin, real estate, and private equity, which he says will increase the value of his preferred investments.
Vedanta shares drop 4% as govt reportedly doubles down against demerger plan
Metal major Vedanta’s shares fell nearly 4% on Wednesday to hit the day’s low of Rs 471 after its demerger plans received another setback. The government reportedly doubled down its objection, accusing the proposed demerger scheme of being a tactic to hinder the recovery of its dues.
Sovereign gold bond one of dumbest government borrowing programs in world: Fundoo Professor
Sanjay Bakshi, also known as Fundoo Professor, has criticized India’s sovereign gold bond (SGB) scheme, deeming it a flawed government borrowing program. He points to the high effective borrowing cost, exceeding 19% annually, and the lack of risk management. The scheme, designed to curb gold imports, has turned into a costly liability for taxpayers.