Gold edges up as rate-hike fears ease; Fed rate decision in focus
Gold prices are climbing for the fifth consecutive session. Optimism surrounding a U.S.-Iran peace deal is easing concerns about interest rate hikes. Investors are now awaiting details of the deal and the Federal Reserve’s policy meeting. Projections suggest U.S. short-term borrowing costs will remain unchanged throughout the year. Reserve managers anticipate increasing their gold holdings.
Aluminium stocks slide as US-Iran deal eases supply fears, ends war-driven rally
Aluminium stocks tumbled up to 5% Tuesday following an interim US-Iran deal that eased supply concerns, leading to a projected further decline in prices. Analysts anticipate near-term pressure on the sector as imports are expected to resume, eroding previous premiums enjoyed by aluminium companies.
Mukesh Ambani’s Jio set to file for India IPO within days, FT reports
Reliance Jio Infocomm could file draft papers for its expected $4 billion IPO within days and just before billionaire Mukesh Ambani’s closely watched annual speech on Friday to Reliance Industries’ shareholders, the Financial Times reported on Wednesday, citing sources.
Dollar on the defensive ahead of first Fed decision under Warsh
The dollar weakened ahead of the Federal Reserve’s policy decision, with optimism over a U.S.-Iran peace deal boosting risk appetite. The yen also struggled against a softer dollar after a widely anticipated Bank of Japan rate hike offered few surprises. Investors remained cautious before the Fed’s announcement, with focus on potential shifts in its monetary […]
Rupee rises for a 3rd day as crude falls
The Indian rupee strengthened for the third consecutive day, closing at 94.56 against the dollar. This rise was driven by retreating oil prices following a preliminary peace pact in West Asia, easing external sector pressures and boosting global risk appetite for emerging market assets.
Bank provisioning at 3-year low on better recoveries, asset quality
Banks’ loan loss provisioning hit a 12-quarter low in March 2026, driven by private sector banks amid improving asset quality and recoveries. Overall provisioning dropped 23.5% year-on-year, with most banks reporting lower provisions. Public sector banks, however, saw a sequential increase in provisioning.
Prudent ARC top bidder for Aban Offshore debt
Prudent ARC has become the highest bidder for Aban Offshore’s ₹1,080 crore debt from Punjab National Bank, offering ₹193 crore. This marks the first time a bank has sold Aban Offshore’s debt, resulting in an excess recovery for PNB compared to the promoters’ settlement offer. The move allows PNB to avoid lengthy legal recovery processes.
Foreign investors may bet big on Indian stocks after regulatory clarity emerges
India has opened its stock markets to direct investment by foreign individuals, aiming to broaden capital sources beyond FPIs. While a long-term positive, initial inflows are expected to be slow due to operational, tax, and compliance hurdles for offshore investors navigating new procedures.
Retail players can skip GIC Re’s OFS: Analysts
Retail investors are advised to skip the government’s offer for sale in General Insurance Corp of India. Analysts point to ongoing profitability challenges and headwinds in the reinsurance sector. The company’s reliance on its investment portfolio for profits is a key concern. Despite a discount, the offer faces scrutiny.
Ola Electric files application to settle Sebi probe
Ola Electric and its founder Bhavish Aggarwal have approached Sebi to settle allegations of disseminating false information to inflate stock prices. The company seeks an amicable closure to proceedings concerning misleading claims on service network expansion and sales performance, following a regulator’s notice.