The FinTech Hub
Source: Live Mint Expert View: Abhijit Bhave, Managing Director and CEO, Equirus Wealth believes a 5-10% correction from current levels might be a fair expectation for stabilisation in the market. A strong earnings report card in the December quarter is what might bring some sense of relief in the market, he noted. Bhave also believes…
Source: Live Mint After experiencing a sharp correction following Donald Trump’s election victory, gold prices are beginning to show signs of recovery. Over the last two trading sessions, gold prices have surged by as much as ₹1,639 per 10 grams. This resurgence is primarily attributed to a pause in the dollar index’s relentless rally, which…
Source: Live Mint The United States dollar rose to nearly a seven-month high against major currencies on Wednesday, November 13, after the U.S. inflation data for October showed an increase, in line with market expectations and hinted that the Federal Reserve (FED) would keep cutting rates, reported the news agency Reuters. The US dollar rose…
Source: Live Mint Precious metals continued their upward momentum in October, marking a third consecutive month of gains, with gold and silver rising 4.21% and 4.56%, respectively. This surge has been largely driven by heightened geo-political tensions, fueling ongoing demand for these safe-haven assets. The monthly returns could have been even higher if not for…
Source: Live Mint Although the outcome of the US election 2024 may not immediately cause a knee-jerk reaction in the Indian stock market, it is expected to significantly impact Indian investors in multiple ways. As a major economic and military power, the United States policies and strategies could significantly impact India, especially in defence, trade,…
Source: Live Mint India’s central bank Governor Shaktikanta Das said an interest rate cut at this stage would be “very premature” and risky. While inflation is expected to moderate, there are “significant risks” to the outlook, Das told Bloomberg News Deputy Editor-in-Chief Reto Gregori at the India Credit Forum in Mumbai on Friday. He added…
Source: Business Standard 3 min read Last Updated : Oct 16 2024 | 10:59 AM IST Spot silver at the time of the MCX closing was trading at $31.04, up nearly 1.60 per cent on the day. The MCX December silver contract at Rs 90,283 (LTP) was up 1.59 per cent. Silver…
Source: Business Standard 4 min read Last Updated : Oct 16 2024 | 9:22 AM IST Gold price rises on central bank demand prospects and decline in US treasury yields Gold Performance Weak-looking gold caught investor fancy in the US on Tuesday as a sharp decline in oil prices pushed the US…
Source: Live Mint The selling streak by foreign portfolio investors (FPIs) continues to grow, with another outflow of ₹3,731.60 crore from Indian stocks recorded in Monday’s trading session. This marks the 11th consecutive day of selling, highlighting a sustained trend of bearish sentiment among international investors towards the Indian equity market. This brings their total…
Source: Business Standard 4 min read Last Updated : Oct 09 2024 | 1:19 PM IST A correction in the Indian stock market was long overdue, and the escalation in Iran-Israel war, coupled with surging oil prices, only provided an external trigger, says NIMESH CHANDAN, chief investment officer (CIO) at Bajaj Finserv AMC. …
