Oil prices rise about $1 as investors weigh Middle East peace prospects
Oil prices saw a rebound on Thursday after sharp losses. Investors are closely watching the Middle East peace deal. Even if an agreement is reached, oil supplies are expected to remain tight. This is due to the time needed for shipments to resume. U.S. crude and fuel inventories continue to decline. Peak summer demand is […]
Gold steady as markets focus on potential US-Iran peace deal
Gold prices held steady near a one-week high as investors awaited clarity on a potential U.S.-Iran peace deal. While stocks and oil dipped on hopes of an agreement, market participants are now focused on the upcoming U.S. employment report for clues on the Federal Reserve’s next move. Fed officials expressed concerns about inflation risks stemming […]
Bulls return to D-Street as falling oil prices ease geopolitical jitters
Indian stock markets experienced a significant rally on Wednesday. Both the Nifty 50 and S&P BSE Sensex saw gains exceeding 1 percent. This surge followed a sharp drop in oil prices due to potential US-Iran accord news. Easing tensions boosted investor confidence, leading to a broad market uplift. Volatility also decreased, indicating reduced near-term risk.
Rising costs, EV push may pressure Hero MotoCorp margins despite strong Q4
Hero MotoCorp’s March quarter showed strong year-on-year growth, but sequential performance was impacted by rising input costs and intense competition, particularly in the low-margin EV segment. Despite these pressures, the company expects the two-wheeler industry to grow in high single digits in FY27, with Hero MotoCorp aiming to outperform through new launches across segments.
RBI may have to bear forex risk to boost foreign money inflows
India may need central bank support to attract dollar investments, potentially through forex deposit schemes, to cover exchange risks and offer competitive yields. Economists suggest higher subsidies from the RBI might be necessary to make such initiatives attractive for banks, especially given current global interest rates.
Rupee surges 67 paise in steepest one-day gain in a month
The Indian rupee surged 67 paise against the dollar on Wednesday, marking its steepest single-day gain in over a month. This appreciation was driven by a significant drop in crude oil prices and positive indications from Iran and the US regarding diplomatic efforts. Stocks also climbed, while bond yields fell below 7%.
RBI introduces specific turnover thresholds for money changers
The Reserve Bank of India has introduced new rules for the money changing sector, emphasizing banking principles and setting a ₹10 crore annual turnover threshold for authorized dealers. The central bank is tightening oversight by shifting responsibility to principal authorized dealers, strengthening accountability for customer protection and compliance in forex transactions.
South Korea and Taiwan close in on India’s m-cap
Emerging market valuations are changing. South Korea and Taiwan are gaining ground on India, driven by the artificial intelligence chip sector. Their market values have seen significant growth. India’s market capitalization has seen a slight decrease. This shift is influenced by key companies in the semiconductor industry.
Satin Creditcare plans $20 million bond issue
Microfinance lender Satin Creditcare Network announced plans to raise $20 million through dollar-denominated bonds. These bonds are slated for allotment on May 27 and will feature a SOFR-linked coupon, set at 310 basis points above the six-month SOFR. Interest payments will be made semi-annually.
Companies look to shrink issue sizes to get IPOs pass through
At least 10 companies are considering reducing their planned IPO sizes to ensure successful listings amid declining investor appetite. This flexibility, allowed by the capital market regulator, permits companies to cut issue sizes by up to half without refiling. Sectors like NBFC, jewellery, and healthcare are among those exploring this option to navigate current market […]