Gold regains momentum as weak Dollar, safe haven demand and seasonal buying support prices
Gold prices have surged sharply in August, supported by a weaker U.S. dollar, expectations of monetary easing, geopolitical tensions, and sustained central-bank purchases. Strong Chinese demand and India’s upcoming festive and wedding season add further support. Despite potential short-term corrections, structural factors including reserve diversification, inflation concerns, and de-dollarisation keep gold’s long-term outlook bullish.
Can Skyways Air Services IPO deliver long-term growth for high-risk investors?
Skyways Air Services plans a ₹399 crore IPO to repay debt and fund working capital. The company’s promoter stake will decrease significantly after the initial public offering. Revenue and profits have shown strong annual growth between FY24 and FY26. Skyways Air Services has been the leading air freight forwarder for four years. The issue is […]
India bond yields hit two-month high as rate hike fears intensify
India’s 10-year benchmark bond yield climbed to a two-month high of 6.88% before closing at 6.85%, posting its biggest weekly rise this fiscal. Hawkish MPC minutes, potential rate hikes and escalating West Asia tensions drove cautious sentiment among bond traders.
Memory stocks face headwinds as ‘smart money’ walks out
Memory stocks showed initial promise but are now faltering, weighed down by anxiety surrounding the artificial intelligence market. Sandisk and Western Digital reported declines, while Micron and Seagate experienced modest increases. Despite solid fundamentals and last year’s booming AI infrastructure demand, investors focusing on momentum are shifting their attention to different sectors for potential gains.
Banks ride RBI swap wave to raise $12 billion via overseas debt
This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of Baroda together raised a massive $4.4 billion, and the bulk of the proceeds may be used to help fund the leverage for foreign currency non-resident (bank) [FCNR (B)] deposits.
Aditya Infotech rebounds on fundraise plans; analysts see up to 20% upside
The shares of Aditya Infotech have made a notable recovery after a recent equity raise focused on enhancing capacity. However, the company is grappling with high electronic component prices that are squeezing profits. On a positive note, the introduction of new STQC norms is expanding the market opportunities for Indian manufacturers.
India’s foreign exchange reserves up almost $50 billion since July
India’s foreign exchange reserves rose over $9 billion in the week ending August 14. Foreign currency assets and gold reserves significantly contributed to this overall increase. Banks received substantial funds through special deposit schemes and borrowing measures.
Sebi proposes new channel partner network to boost retail bond access
The Securities and Exchange Board of India (Sebi) is set to launch fixed income channel partners to broaden access to the retail bond market. This initiative is particularly focused on increasing engagement in smaller cities across India. Eligible individuals and firms can qualify as partners by fulfilling specific certification standards. Notably, existing mutual fund distributors […]
West Asia tensions cloud market outlook, Nifty may stay rangebound
In a week marked by market stagnation, Indian equity indices closed on an unremarkable note, affected by geopolitical uncertainties and elevated crude oil prices. Experts forecast that without any significant triggers, the Nifty may continue its rangebound trajectory. Crude oil prices consistently stayed above ninety dollars a barrel, with foreign portfolio investors offloading shares while […]