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Indian stock markets saw gains on Friday, with Sensex and Nifty trading higher. IT stocks led the gains, while broader markets experienced marginal losses. Escalating Iran-US conflict and rising oil prices added to investor caution. Foreign investors remained net sellers of Indian equities on Thursday. Analysts advise caution due to market range-bound construction and rupee…
Central Bank of India announced a thirteen percent net profit increase for the June quarter. Total income rose to Rs 10,678 crore, and interest earned improved significantly. However, the bank’s operating profit saw a decline from the previous year. Asset quality improved as gross non-performing assets moderated to two point six zero percent. The capital…
After a record $29 billion foreign selloff, FIIs have turned net buyers of Indian equities in July. Jefferies’ Christopher Wood says the earlier outflows were driven by the AI-led rally in Korea and Taiwan, adding that sustained inflows will depend on the AI trade cooling or Indian valuations becoming more attractive.
Leveraged ETFs tracking AI chipmakers Samsung and SK Hynix have surged in South Korea. The SK Hynix-linked fund’s assets have grown twentyfold this year, prompting regulators to curb promotional activity amid sharp volatility spikes tied to daily rebalancing.
According to Reuters, policymakers are widely expected to keep the ECB’s key interest rate unchanged at 2.25%, following June’s surprise rate hike that made the central bank the first among the world’s major monetary authorities to tighten policy in response to the geopolitical fallout from the Iran conflict.
European shares opened lower on Friday, heading for weekly losses. Escalating Middle East tensions and a tech stock selloff dampened investor sentiment. Technology stocks led the declines, dropping significantly across global markets. Investors shifted focus toward lagging sectors like luxury goods, which saw gains. Geopolitical tensions remained a key concern, impacting the global economic outlook.
Caliber Mining & Logistics’ Rs 450-crore IPO rush was driven by strong retail and non-institutional investor demand. The issue is also attracting attention in the grey market, with a GMP of Rs 105, implying a potential 25% listing premium over the upper price band of Rs 424.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…