Gold notches fresh high on safe-haven demand, Fed rate-cut bets
Gold prices surged to an all-time peak on Tuesday, driven by U.S. economic and political uncertainties and anticipated Federal Reserve interest rate cuts. Despite some Fed officials signaling caution on further reductions, markets are pricing in more cuts. This environment, coupled with strong central bank buying and investor demand for hedges, propelled gold’s significant year-to-date […]
S&P 500, Nasdaq reach all-time closing highs on AI dealmaking boost
Indian markets saw a boost from global trends. The S&P 500 and Nasdaq touched record highs driven by artificial intelligence deals. AMD’s partnership with OpenAI fueled this surge. Despite a US government shutdown, investor sentiment remained strong for AI-related companies. Upcoming earnings reports and economic data will be closely watched.
Is LG Electronics India IPO a smart bet for long-term investors?
LG Electronics India is set to launch an IPO, aiming to raise over ₹11,000 crore. The company boasts strong financials, with higher revenue, Ebitda, and a remarkable 37.1% return on net worth for FY25 compared to rivals. Its attractive valuation, with a lower P/E multiple than peers, makes it a compelling long-term investment opportunity.
India’s well-heeled get their AI kicks from secondary market
Platforms such as Forge Global and Nasdaq Private Markets (NPM) have become key gateways to buy and sell these unlisted shares. NPM, which hosts shares of about 15,000 private firms, reported $60 billion in trading volumes. Forge’s Private Market Index — a benchmark for late-stage, venture-backed companies — has climbed 67.9% year-to-date.
Gold hits record Rs 1.19 lakh, silver follows amid festive demand and global uncertainty
Gold prices surged to a record Rs 1.19 lakh per 10 grams, with silver also hitting a lifetime high, driven by global political uncertainties and anticipated Fed rate cuts. Despite high prices, Indian consumers continue to purchase gold for tradition and festive occasions, with a growing preference for lightweight jewellery.
Japanese shares rally at open, gold nears $4,000
Japanese shares reached an all-time high as a pro-stimulus leader was elected, while US stocks also hit a record driven by chipmaker rallies. The yen experienced its largest drop in months ahead of a bond auction. Gold prices neared $4,000 an ounce amid a global equity surge fueled by AI investments.
Rupee nears all-time low as trade concerns intensify
The Indian rupee is hovering near its record low against the US dollar. Concerns over US trade policies and slower investment are impacting the currency. Public sector banks, likely acting for the Reserve Bank of India, are selling dollars to support the rupee. The currency has been trading within a narrow range for several days.
Canara Robeco’s IPO to open on October 9
Canara Robeco Asset Management Company’s IPO will open on October 9. The issue is priced between ₹253 and ₹266 per share. This is an offer for sale by existing shareholders. Canara Bank and ORIX Corporation Europe are divesting their stakes. The IPO aims to raise ₹1,326 crore. The offer will close on October 13.
Microfinance interest rates continue to climb as credit costs stay high
Microfinance interest rates are rising, defying the general trend of declining rates, as lenders grapple with increased credit costs and persistent asset quality issues. Major NBFC-MFIs have hiked their lending rates, widening the range to 18-28% due to higher delinquency and funding costs.
Copper declines on dollar rally despite Grasberg worries
Copper prices have fallen after a strong weekly gain. The US dollar strengthened against the Japanese Yen and Euro. This was driven by political developments in Japan and France. A stronger dollar makes copper more expensive for international buyers. However, mine disruptions are tightening copper supply. Upcoming US economic data may be affected by a […]