Trade Financial News

Subscribe to enjoy similar stories. WASHINGTON—Donald Trump has told advisers he wants to travel to China after he takes office, according to people familiar with the discussions, seeking to deepen a relationship with Xi Jinping strained by the president-elect’s threat to impose steeper tariffs on Chinese imports. Trump visited Beijing in 2017, nearly a year into his first term.

Subscribe to enjoy similar stories. As Donald Trump prepares to be sworn in as US president on 20 January, an issue uppermost on the minds of policymakers around the world is how to respond to his policies. What will his declared unilateralism do to world trade? If he carries out his tariff threats—particularly vis-a-vis America’s largest trade partners Mexico, Canada and China—will we be back to the doomsday scenario of the 1930s, when world trade shrank due to tariff wars between countries ? What happens to countries like India that see world trade as a key factor in their pursuit of high economic growth—of 7% or more? These are all legitimate questions.

capital markets regulator Sebi seeking its approval to float an initial public offering (IPO). The IPO is entirely an Offer-for-Sale (OFS) of up to 5.33 crore equity shares by promoter Nitesh Gupta, according to the draft red herring prospectus (DRHP). At present, promoters hold 100 per cent stake in the company.

Revenue from operations in the third quarter is expected to grow 66% YoY, according to the average estimate of four brokerages, while profit after tax (PAT) may increase 55% YoY.

Nifty closing lower despite relative strength in the broader market. The Nifty faced selling pressure throughout the session, ending the day at 23,203, while the volatility index (India VIX) rose by 1.82%, signaling increased market uncertainty. Technically, the Nifty formed a hammer candle on the daily chart, suggesting some buying interest at lower levels but remains below its 250-day Simple Moving Average (SMA) of 23,560. This, coupled with a doji formation on the weekly chart, points to indecision. While the Nifty Midcap and Smallcap indices closed with modest gains, the overall market sentiment remains cautious.

Infosys and Tata Consultancy Services taking the biggest hit. Last week, the BSE benchmark lost 759.58 points or 0.98 per cent, and the Nifty declined by 228.3 points or 0.97 per cent. From the top 10 pack, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever and ITC faced a combined erosion of Rs 1,71,680.42 crore in their market valuation while Reliance Industries, Bharti Airtel, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers.

Key results to track include those of HDFC Bank, Paytm, Zomato, HUL, ICICI Bank, YES Bank, IndiGo, Ultratech Cement, Dr. Reddy's, and several others.

Recent analysis of over 400,000 mutual fund portfolios through advanced wealth monitoring platforms has revealed a stark picture: approximately 65% of portfolios fail to match, let alone exceed, their respective benchmarks. This underperformance isn't merely a temporary setback; it's a wealth erosion epidemic that compounds over time, particularly affecting High Net-Worth Individuals (HNIs) who have the most to lose.

Nifty closed at 23,203.20, down by 108.60 points, or 0.47%.

Mortgage lender Can Fin Homes on Saturday reported a 6% year-on-year rise in net profit at ₹212 crore for the quarter ending December 2024. The lender had posted a net profit of ₹200 crore in the year-ago period. Net interest margin contracted to 3.72% against 3.92% over the same period. Total income from operations stood at ₹986 crore for the quarter, up 9.3% YoY from ₹902 crore earlier.

Kotak Mahindra Bank reported a 10% rise in December quarter net profit to ₹3,305 crore from the year earlier on the back of steady interest income growth. Analysts tracked by Bloomberg had estimated profit after tax of ₹3,338 crore. The private lender had reported a profit of ₹3,005 crore in the same period last year. Growth in loans and deposits exceeded those of banks that have announced their earnings thus far.

Make in India’ and ‘Bangga Buatan Indonesia’ (Make in Indonesia) initiatives are complementing each other, as both countries work towards their shared goal of becoming developed nations by the centennials of their independence, Indonesian officials said.

Angel One and Havells India among several companies are set to attract investor attention in the coming week as their record dates for various corporate actions approach. These actions include dividends, stock splits, and bonus share issuances. The record date is the critical cutoff for determining shareholder eligibility for corporate benefits such as dividends, stock splits, and bonus shares. Investors must ensure their shares are reflected in their demat accounts on or before this date to qualify.

By and large, the Trump trade that has happened will reverse in the coming weeks. The reason for that is two things. First is Trump on tariffs. While the rhetoric and the talk has been very high, implementation of those tariffs would lead to a spike in inflation for US consumers, that is not something Mr Trump will want. So, he will be more pragmatic about it, says Sunil Subramaniam. ET Now: Should Indian equity investors brace for impact at the top of the next week or do you think more or less we have priced in already what Trump could do?

Indian equity market has been witnessing a steady decline over the past four months. After reaching a new all-time high on September 27, 2024, the benchmark Nifty 50 index has fallen by 11.5%. This correction is because of several factors, like weaker-than-expected GDP growth and lower-than-expected quarterly earnings, which have dampened investor sentiment. As a result, there has been a notable shift in investor sentiment from a «risk-on» to a «risk-off» approach, favoring defensive sectors over aggressive ones. This sentiment shift is reflected in the performance of sectoral indices since the Nifty 50's peak. Defensive indices such as Nifty IT, Nifty Pharma, Nifty Healthcare, and Nifty FMCG have demonstrated resilience, with comparatively smaller drawdowns during the broader market decline.

The yen was poised for its strongest weekly performance in over a month as expectations for a Bank of Japan rate hike next week grow, putting the dollar on the back foot.

Shrini Viswanath, Co-Founder of Upstox, embarked on a transformative 100-day fitness journey inspired by a deeply personal milestone—becoming a father. Balancing his roles as a parent and leader of a fast-growing company, Shrini redefined his approach to health and wellness.

Oil prices settled lower on Friday but notched their fourth straight weekly gain, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions. Brent crude futures dipped 50 cents, or 0.6%, at $80.79 per barrel, but gained 1.3% this week. U.S. West Texas Intermediate crude futures lost 80 cents, or 1%, at $77.88 a barrel, having climbed 1.7% for the week.

Gold prices were pressured by an uptick in the U.S. dollar on Friday, but remained on track for a weekly gain as uncertainties around incoming President Donald Trump's policies and renewed bets of further rate cuts lifted bullion above the key $2,700 level. Spot gold eased 0.4% to $2,701.03 per ounce by 03:10 p.m. ET (2010 GMT), while U.S. gold futures settled 0.1% lower to $2,748.70.

Axis Bank's shares dropped by over 4% on Friday after the lender posted weaker-than-expected earnings in its December quarter. The stock ended 4.4% lower to close at ₹992. The Bank Nifty index ended 1.5% lower on Friday. Out of the 12 stocks in the Bank Nifty Index, nine declined and three advanced.