Gold prices held its ground on Tuesday, with investors awaiting more economic data later this week for cues on the Federal Reserve’s interest rate trajectory for this year.
Spot gold was steady at $2,636.05 per ounce. US gold futures remained unchanged at $2,647.30.
RBI’s currency inflexibility, in contrast to the flexibility of the CNY and the strengthening of the USD, makes it imperative for the RBI to allow for a higher currency depreciation and ease its interventions….Read More
The U.S. dollar hovered near a one-week low versus major peers on Tuesday as traders considered whether President-elect Donald Trump’s tariffs would be less aggressive than promised.
On Monday, the greenback slid against the likes of the euro and sterling following a report in the Washington Post that Trump’s aides were exploring plans that would apply tariffs only on sectors seen as critical to U.S. national or economic security.
However, the currency made up some of the ground after Trump denied the report in a post on his Truth Social platform.
The U.S. dollar index, which gauges the currency against the euro, sterling and four other rivals, edged up to 108.38, after dropping as low as 107.74 overnight, its weakest since Dec. 30.
#1 Strong operational performance seen in Q3 business update
#2 Company recorded best quarter ever with pre-sales of Rs 4,510 crore
#3 Company believes it is on track to meet its full-year pre-sales guidance
If the Nifty sustains below the 200-day EMA, the immediate downside target would be 23,450-23,500 (around the December low), followed by 23,263, which is a crucial support level. On the higher side, immediate resistance is placed at 23,700, followed by the 23,900-24,000 zone, experts said….Read More
#1 Bajaj Finserv general insurance premium down 2.5%, total life insurance premium up 60% for December (MoM)
#2 SH Kelkar Q3 update: Healthy demand across key segments; Margin pressure anticipated until Q4FY25
#3 KIOCL & NMDC: Steel Ministry proposes merger between two firms, according to sources
#4 Manappuram Finance: Robbery at Sambalpur branch in Odisha, value of stolen assets at around Rs 20 crore
#5 Power Grid successful bidder for 2 projects to establish Interstate Transmission System on BOOT basis
#6 Ashoka Buildcon: Concession agreement with NHAI for project worth Rs 1,391 crore
#7 Caplin Point: Tamil Nadu unit gets US FDA EIR with zero observations for arm’s injectable & ophthalmic unit
#8 BPCL approves Rs 1,000 crore IPO of JV company Maharashtra Natural Gas
#9 Akzo Nobel may hive off powder coatings business, R&D unit
#10 Info Edge Q3 update: Standalone billings up 15.8 percent (YoY)
Asian shares rose after Wall Street rallied for a second day, while the dollar narrowed losses as Donald Trump denied a report that his threatened tariffs may be watered down.
Trends on GIFT Nifty indicate a positive start for the broader index in India, with a gain of 80 points or 0.34 percent. The Nifty futures were trading around 23,814.50 level.
#1 Asian markets rise after tech rally lifts Wall Street higher
#2 Nikkei, Kospi surge anywhere between 1-2 percent
#3 GIFT Nifty hints at positive start after yesterday’s selloff
#4 Wall Street mixed; Nasdaq, S&P 500 gain for second day
#5 Chip stocks surge after Foxconn reports record fourth quarter revenue
#6 Nvidia ends at record high
#7 Trump denies reports that tariff plan would be narrower than previously expected
#8 Europe stocks close higher
#9 US 10-year yield edges higher ahead of jobs data
#10 US JOLTS Job Opening data for November due later today
#11 Dollar lower but volatile on Trump tariff uncertainty
#12 Gold slips as US yields rise
#13 Oil prices ease but Brent stays above USD 76
The GIFT Nifty is indicating a positive start for the day. The S&P 500 and the Nasdaq Composite rose on Monday to more than one-week highs, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected….Read More
The S&P 500 and the Nasdaq Composite rose on Monday to more than one-week highs, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected.
The Dow Jones Industrial Average fell 25.57 points, or 0.06%, to 42,706.56, the S&P 500 gained 32.91 points, or 0.55%, to 5,975.38 and the Nasdaq Composite gained 243.30 points, or 1.24%, to 19,864.98.
Indian equity markets witnessed bloodbath on start of the week as the benchmark indices shed 1.5 percent on January 6 amid fears about Human Metapneumovirus (HMPV) weighed on investor sentiment.
At close, the Sensex was down 1,258.12 points or 1.59 percent at 77,964.99, and the Nifty was down 388.70 points or 1.62 percent at 23,616.05.
Biggest Nifty losers included Tata Steel, Trent, Coal India, NTPC and BPCL, while gainers were Apollo Hospitals, Tata Consumer, Titan Company, HCL Technologies.
All the sectoral indices ended in the red with PSU Bank down 4 percent, while metal, realty, energy, PSU, power and oil & gas down 3 percent each.
Broader indices underperformed with BSE Midcap index fell 2.4 percent and Smallcap index down 3 percent.
Risk comes from not knowing what you’re doing – Warren Buffett