Yen weakens against peers after BOJ raises interest rates
The Japanese Yen saw a significant drop against major currencies on Friday. This happened after the Bank of Japan increased interest rates to a three-decade high. However, the central bank did not provide clear guidance on future rate increases. This lack of clarity led traders to sell the Yen.
Wall St ends higher as tech rally continues, led by Micron
U.S. stocks closed higher Friday, with technology shares like Micron and Nvidia leading the rebound after a rocky week. This surge offset declines in consumer stocks such as Nike, which experienced a significant drop. The market also saw optimism around potential Federal Reserve interest rate cuts and the traditional “Santa Claus rally.”
Gold demand in India seen falling as prices surge, investment buying rises
India’s gold consumption is projected to drop to 650–700 tonnes this year as a sharp price rally hurts jewellery demand. Investment buying remains strong, with consumers preferring lightweight 22-carat jewellery and bars despite record-high prices.
US Fed’s John Williams says there is no urgent need to cut rates again
Federal Reserve President John Williams told CNBC on Friday he does not see an imminent need to follow last week’s interest rate cut with another reduction in borrowing costs, adding that new inflation data is being buffeted by distortions.
Uday Kotak lauds MUFG stake buy in Shriram Finance but flags big question on next move
Uday Kotak welcomed MUFG Bank’s Rs 39,618 crore investment in Shriram Finance, questioning whether it should remain an NBFC or eventually seek a banking licence amid regulatory trade-offs and growth opportunities.
Buy defence shipbuilders Mazagon Dock, GRSE, Cochin Shipyard for up to 45% upside. Prabhudas explains why
India’s defence shipbuilding sector is entering a long-term growth phase driven by policy support and manufacturing focus. Prabhudas Lilladher sees strong rerating potential in Mazagon Dock, Cochin Shipyard and GRSE after recent corrections.
Ola Electric, Aditya Birla Fashion among worst BSE 500 performers, stocks sink up to 70% in 2025
More than 300 BSE 500 stocks ended 2025 in deep losses, with names like Ola Electric, FirstCry and Aditya Birla Fashion plunging as much as 70% amid volatility and sectoral churn.
Why India’s AMC business could be entering a long growth phase? Aditya Kondawar explains
ICICI Prudential AMC’s listing sparks debate on valuation premiums over HDFC AMC, with both managing similar assets. While ICICI Prudential shows stronger operating profits due to a higher equity and alternate asset mix, retail participation in its IPO was muted. Experts believe the long-term outlook for Indian AMCs remains positive, driven by shifting investor behavior […]
Peter McGuire flags stronger Yen risk as Japan inflation stays above target
Japan’s central bank has raised interest rates to their highest in three decades, prompting global markets to reassess the yen, carry trades, and risk assets. With inflation projected to remain above the BOJ’s target, further tightening is a possibility, potentially altering Japan’s monetary policy and impacting global markets.
Groww shares rally 13% as Jefferies sees a Robinhood playbook at work, initiates coverage with Buy call
Jefferies has initiated coverage on Groww’s parent Billionbrains Garage Ventures with a Buy rating, citing strong client growth, rapid product expansion and margin potential. The brokerage expects robust earnings growth driven by new offerings, operating leverage and a strategy similar to Robinhood’s scalable, product-led model.