RBI denies report of $12 billion gold sale, says holdings unchanged
The Reserve Bank of India has refuted claims of selling gold reserves. Reports suggested a sale of approximately $12 billion in gold. The RBI stated its physical gold stock remains unchanged at 880.52 tonnes. These reports are inaccurate, according to the central bank. The RBI’s stance clarifies its position on its gold holdings.
US plans additional 12.5% tariff; India says talks on Section 301 probes ongoing
The US Trade Representative has proposed an additional 12.5% duty on 54 countries, including India, over alleged failure to restrict imports of goods produced with forced labor. This move, seen as a pressure tactic, comes as India and the US are negotiating an interim trade deal.
Manufacturing sector emerges as key structural play amid global supply chain shift
Investors can explore manufacturing mutual funds for portfolio diversification. The sector shows strong potential driven by domestic demand and global supply chain realignments. Experts suggest a staggered investment approach over six months. The Nifty Manufacturing Index offers distinct exposure compared to the Nifty 50. This theme is poised for growth, supported by policy and evolving […]
Rupee falls amidst gulf tensions and rising oil prices
The Indian rupee weakened against the US dollar on Wednesday. This decline was driven by escalating tensions in the Gulf region and a subsequent rise in oil prices. The rupee touched 95.70 against the dollar. Higher oil prices impacted the currency. Peace talks between Tehran and Washington showed little progress. The government is finalizing measures […]
IT stocks snap three-day rally, plunge over 5% in sharpest fall in nearly four months
Indian IT stocks experienced their steepest single-day fall in nearly four months, plunging over 5% as concerns about AI’s impact on revenue streams resurfaced. The Nifty IT index slumped, dragging the broader market lower, with analysts citing immense pressure and uncertainty driving liquidation. While the sector’s recovery is questioned, significant further downside is not anticipated.
Brokers prepare rollout of algo trading tools for retail investors
Major brokers are set to launch algorithmic trading tools for retail investors in the coming months, following enhanced regulatory clarity. This move aims to expand broker revenue streams and help fintech firms scale by offering accessible algo strategies, potentially for as low as ₹5,000 per strategy.