Gold’s blistering rally continues past $5,200 as dollar plunges to 4-year low
Gold prices soared past $5,200 for the first time, driven by a plunging dollar and geopolitical anxieties. The precious metal’s surge, up over 20% this year, is linked to a weaker greenback and White House sentiment. Analysts predict further gains, with some forecasting gold could reach $6,000 by 2026 amid strong investment demand.
Positive Breakout: These 13 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap over Rs 1000 crore, 13 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on January 27, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in […]
Q3 results today: Maruti, L&T, GRSE and Pine Labs among 126 BSE-listed companies to announce earnings today
A busy Wednesday for the stock market features earnings from 126 BSE-listed companies, including Nifty giants like Maruti Suzuki and L&T. Both are anticipated to report strong December-quarter results, with Maruti Suzuki expecting a 24-35% net profit rise and L&T projecting a 20-35% increase, driven by robust sales and execution.
Volatile markets split IPO strategies as firms rework listing timelines
IPO-bound firms are adopting divergent listing strategies amid a volatile stock market. Companies needing fresh capital for expansion are proceeding, while those with offers for sale are reassessing plans, with at least five firms slowing or pausing their IPOs due to market headwinds and valuation concerns.
India Budget to lift borrowing to record, testing bond yields
India faces a year of high government debt supply. This could keep borrowing costs up in the bond market. Finance Minister Nirmala Sitharaman’s budget may increase gross borrowing significantly. Large debt maturities and state government issuance are pushing yields higher. This may add pressure to the economy. The Reserve Bank of India is injecting liquidity.
Japan’s bonds have a message for India’s Budget
Japan’s bond market turmoil serves as a stark warning for India’s upcoming budget. Investors are scrutinizing fiscal discipline, especially as India shifts to a public debt target. While India’s debt is lower than Japan’s, constrained funding sources demand careful management.
Auto companies fall on fear of more EU imports
Indian auto stocks experienced a decline following reports of potential tariff reductions on EU-imported vehicles as part of a free trade agreement. While some manufacturers like Mahindra & Mahindra and Hyundai saw sharper drops due to their presence in higher-priced segments, analysts believe the near-term impact will be limited, with the luxury segment being the […]
Shapoorji Pallonji Group looks to raise up to $2.5 billion to refinance debt
The proposed fundraise will be used to refinance a dollar bond backed by shares of Tata Sons, held through group entity Goswami Infratech, due to mature in April. The new transaction is expected to mirror the structure of the earlier deal, with Tata Sons shares continuing as collateral.
Gold seen as safer haven as silver valuations flash overbought signal
The gold-silver ratio has fallen to its lowest since 2011, suggesting silver may be overvalued after a significant rally. Analysts recommend gold as a safer bet, anticipating a potential pullback in silver prices despite its strong industrial demand. This dip could present a buying opportunity.
Credit card spends bounce back in Dec, numbers also rise
Credit card usage in Mumbai saw an 8% rebound last month, reaching ₹2.05 lakh crore due to seasonal demand and year-end spending. Net new card additions hit a three-month high of over 900,000, boosting the total active cards to 115.7 million. Analysts anticipate steady spending momentum, supported by ongoing consumption trends and festive demand.