Trade Financial News

Gold prices were steady near record highs on Wednesday, as a weaker dollar and an escalated conflict in the Middle East lifted bullion's safe-haven appeal, while investors braced themselves for new signals on the U.S. interest rate trajectory. FUNDAMENTALS

Sensex rising above 85,000 and Nifty breaking 26,000 on Tuesday. Nifty made a new all-time high for the fifth consecutive session amid continued buying in index heavyweights. «Nifty crossed 1000 points in 38 trading sessions supported by positive domestic cues, healthy FIIs, and the start of the rate cut cycle by the US Fed. We expect the ongoing momentum to continue in the market with sectorial rotation. Investors would watch out for US Consumer Confidence data,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

market regulator for its proposed $1.25-billion public issue, investment banking sources told ET, reflecting the growing appetite for new-age investment choices in a country witnessing an unprecedented consumer boom. The Bengaluru-based company had filed draft papers for the IPO with the Securities and Exchange Board of India (Sebi) through the confidential filing route in April this year.

Jaishankar, said that when he said that 75 per cent of the border dispute between the two countries have been sorted, he is only talking about the 'disengagement' part, while adding that challenge persists in other aspects. While addressing the Asia Society at the Asia Society Policy Institute on Tuesday (local time), the Foreign Minister highlighted how China violated the previous agreements during Covid pandemic, by increasing the troop deployment at the border, eventually resulting in clashes resulting in casualties on both sides. This incident, according to Jaishankar, has overshadowed the bilateral relationship.

Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh highs, with investors preparing for further rate cuts. Equity benchmarks rose in South Korea and Australia, while those for Japan were mixed after the yen strengthened against the dollar in the prior two sessions. The Golden Dragon index of US-listed Chinese companies rallied 9.1% in New York trading on Tuesday. The moves follow the best day since 2020 for a gauge of mainland equities after China unveiled a sweeping stimulus package to support the economy and financial markets.

stock indices hit all-time intraday highs on Tuesday, with the Nifty briefly crossing 26,000 and the Sensex breaching the 85,000 mark for the first time in a choppy trading session. The bullish momentum in the market may resume if the Nifty closes above 26,000 though there are concerns that equities may be overbought after the recent surge. The NSE Nifty ended flat at 25,940.4, after touching 26,011.55. The BSE Sensex went to 85,163.23, before closing at 84,914, almost unchanged.

Subscribe to enjoy similar stories. Mumbai: China’s latest push to revive its struggling real estate sector could benefit Indian steelmakers but may still not be enough to resolve high steel imports from India’s neighbour, according to experts. “The stimulus should improve domestic steel demand in China, which would be positive for the global market," said Ranjan Dhar, director and vice-president, sales and marketing, ArcelorMittal Nippon Steel India (AM/NS).

Subscribe to enjoy similar stories. In a recent article, I told you about three lesser-known super investors who are making big moves and proving their mettle. These are not the usual suspects who are in the news almost round the year, but silent players who are making bank without making waves.

Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for approximately $8.4 billion in cash

Donald Trump has pledged to stop U.S. businesses from shipping jobs overseas and to take other countries’ jobs and factories by relying heavily on sweeping tariffs

The nation’s largest owner of single-family homes for rent has agreed to pay $48 million to settle claims by the Federal Trade Commission

An American quarry company says the Mexican government has carried out a de-facto expropriation of its properties on Mexico's Caribbean coast

In this article

Subscribe to enjoy similar stories. Donald Trump is pitching himself as a national economic development recruiter, wooing foreign manufacturers with tax breaks and federal land while using tariffs to punish companies that don’t move production here. Trump, in a speech Tuesday in Savannah, Ga., is expected to say that in a second term he wants the U.S.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of stakes in Home Credit India Finance by TVS Holdings, STPL, Premji Invest Group as well as other related transactions. The deal includes acquisition of 80.74 per cent, 8.47 per cent and 10.79 per cent of the issued and paid-up share capital of Home Credit by each of TVS Holdings Ltd (TVSH), STPL Trading and Services Pvt Ltd (STPL), and PI Opportunities Fund-II (PIOF), respectively. The regulator also granted its nod for the acquisition of 2.6 per cent, 4.3 per cent, 2.7 per cent, and 90.4 per cent of the equity share capital of STPL by K Gopala Desikan, Anuraag Agarwal, V Ganesh, and GWCF, respectively.

lower tariffs and harmonisation of local norms to boost the trade between the two major global economies. Addressing a session on agro-processing at the 21st Indo-US Economic Summit organised by the Indo-American Chamber of Commerce (IACC), ITC Ltd's Agri-Business Division Vice President of Value Added Products Sanjeev Bisht identified key concerns, including recent Red Sea-related supply chain disruptions, the absence of a free trade agreement, and local quality norms. «If we want to increase exports, we need to understand the quality concerns of that country,» Bisht said, stressing the importance of harmonising standards between India and the US. Bisht also emphasised the need for sustainability and technology integration to boost productivity while reducing ecological impact. He suggested that combining innovations in artificial intelligence with agriculture could open new avenues for growth, an official statement said.

Multi Commodity Exchange of India (MCX) has revised transaction fees on futures and contracts effective from October 1, 2024. For futures contracts, the transaction fee will be Rs 2.10 per lakh of turnover value while for options contract, it will be Rs 41.80 per lakh of premium turnover value, MCX said in a circular issued on Tuesday.