Shares of metal companies like National Aluminium and SAIL surged following China’s 50 basis point cut in reserve requirements, aimed at boosting economic growth amid ongoing deflationary pressures.

Reliance Power Share Price: Reliance Power shares surged 46.6% over eight sessions, hitting a 52-week high as the company plans a Rs 1,525 crore equity issuance for expansion and debt reduction.

India has climbed 42 positions in the Global Innovation Index over the past nine years, now ranking first among lower-middle-income economies and 39th globally. This improvement is attributed to Prime Minister Narendra Modi’s leadership and the country’s focus on fostering innovation. Major cities like Mumbai, Delhi, Bengaluru, and Chennai are Continue Reading

The Fed is gaining confidence that inflation is moving toward its 2% target and will carefully evaluate economic data to inform its future decisions. Projections indicate a cumulative 100 basis points cut in 2025 and 50 basis points in 2026.

In the options market, the highest Call Open Interest (OI) is at the 27,500 strike, followed by the 27,000 strike. Meanwhile, the maximum Put OI is at the 26,000 strike, with additional interest at 25,000. Call writing is taking place at the 27,000 and 26,200 strikes, while Put writing is Continue Reading

Macquarie has maintained an outperform rating on HDFC Bank, setting a target price of Rs 1,900. While reported profits are expected to be weak year-over-year, NII is projected to grow by 14%, with NIMs expanding to 3.52%. Deposit growth is estimated to increase by approximately Rs 800 billion quarter-over-quarter.

Disclosure requirements for board members at India’s capital market regulator are under scrutiny following allegations against chairperson Madhabi Puri Buch. The current system requires members to disclose holdings but lacks thorough verification, raising concerns about potential conflicts of interest. Calls for revamping rules to mandate trading plans and approvals have Continue Reading

The US presidential election may impact investor optimism in the stock market, despite a recent recovery. Goldman Sachs strategists highlight concerns over policy uncertainty, especially regarding corporate tax reform. Additionally, doubts about the benefits of high spending on artificial intelligence could affect stocks. International diversification might offer more advantages towards Continue Reading

Silver reached its highest level since 2012, while gold hit a new record as expectations for further Federal Reserve interest-rate cuts boosted precious metals. Silver climbed to $32.71 an ounce, extending this year’s gain to 37%. Gold hit a record of $2,685.58 an ounce before paring gains to trade at Continue Reading

Trent, Bharat Electronics, and Canara Bank are set to benefit from the Nifty indices rebalancing on Friday. Divi’s Laboratories and LTIMindtree will exit the Nifty 50 index, likely facing selling pressure. The National Stock Exchange will also rebalance other indices like Nifty Bank and Nifty Next 50 based on semi-annual Continue Reading