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financial markets: US economy set to slow, but recession unlikely: Richard Yetsenga - The Economic Times
ANZ Group's Richard Yetsenga anticipates a US economic slowdown in the latter half of the year, stopping short of a recession. Despite economists' bearish outlook, financial markets like the S&P and Nasdaq are performing well.
Stocks to buy today: BHEL, CESC among 7 trading ideas for 26 June 2025 - The Economic Times
Indian market anticipates a positive trading session on Thursday, mirroring global trends. Nifty closed with gains, and India VIX decreased. Option data suggests a trading range between 24,700 and 25,700. Experts recommend buying Mphasis, M&M, Titan Company, CESC, BHEL, HDFC AMC and NYKAA. These recommendations are for traders with a short-term horizon.
FDI inflows rise to $8.8 billion in April, NRI deposit mobilisation slows - The Economic Times
India's foreign direct investment surged to $8.8 billion in April, a 22% increase year-over-year, bolstering the RBI's foreign exchange reserves. While non-resident deposit inflows slowed, overall external commercial borrowing rose significantly. Despite a drop in foreign portfolio investment, India's external sector remains resilient, with forex reserves reaching $698.95 billion in June.
RBI can’t be very aggressive in cutting rates if Fed is not doing so in USA: Swaminathan Aiyar - The Economic Times
Swaminathan Aiyar suggests the Reserve Bank of India might lower interest rates. This decision hinges on a possible US recession. The US Federal Reserve's approach to inflation and interest rates could restrict the RBI's moves. Aiyar notes India has managed well with higher rates. Therefore, immediate cuts are not crucial.
Nvidia rockets to record high, reclaims title of world’s most valuable company - The Economic Times
Nvidia's stock soared to a record high on Wednesday, propelling it past Microsoft to become the world's most valuable company. This surge was fueled by an analyst's prediction of a "Golden Wave" of AI adoption, with Loop Capital raising its price target for Nvidia. The resurgence of the "AI trade" has boosted chip stocks, reflecting optimism about the technology's potential.
Usha Vance's new life in Trump's Washington - The Economic Times
Usha Vance, once a lawyer, is now the Second Lady. She has settled into her new life in Washington. She supports her husband, Vice President JD Vance. Despite her past, she embraces her role. She focuses on family and children. She is launching reading initiatives. Her influence on her husband is significant. She is navigating her transformation.
SBI appoints 6 banks for Rs 25,000 crore QIP, first share sale in eight years - The Economic Times
State Bank of India is set to raise up to ₹25,000 crore via a QIP, its first since 2017, aiming to boost its CET-1 capital ratio from the current 11%. Six investment banks, including Kotak and Morgan Stanley, will manage the issue, potentially Indias largest QIP to date.
Kazakhstan positions itself as reform-oriented investment destination with focus on mining & logistics - The Economic Times
President Tokayev affirmed Kazakhstan's dedication to reforms and reliability for investors at the Foreign Investors Council. Despite global economic challenges, Kazakhstan's economy grew by 6% in early 2024. The nation is enhancing investor protections, streamlining services, and developing infrastructure, particularly in transportation and digital sectors, to foster a sustainable and digitally-driven economy.
Positive Breakout: These 8 stocks cross above their 200 DMAs - Upside Ahead? | The Economic Times
In the Nifty 200 pack, eight stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 24, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look: Upside Ahead?
Trump cries fake news as US intel findings challenge his bunker-buster claim - The Economic Times
President Trump rubbished media reports suggesting the US airstrikes on Iran's nuclear facilities were ineffective, asserting the sites were "completely destroyed." This contradicts a Pentagon intelligence assessment indicating limited setbacks to Iran's nuclear program.
Bears and Bulls: Can Nifty overcome the 25,200 resistance amidst bull-bear tussle? - The Economic Times
Nifty is facing a tug-of-war between bulls and bears in the derivatives market, struggling to stay above 25,200 due to persistent call option writers. These traders are betting against the index surpassing this level, creating strong resistance. Simultaneously, put writers are defending the 25,000 level, indicating a solid support base.
Sambhv Steel Tubes IPO: Is Sambhv Steel Tubes’ IPO a risky bet for investors? - The Economic Times
Sambhv Steel Tubes is launching an IPO to raise ₹400 crore for debt repayment and ₹100 crore through an OFS, diluting promoter stake to 56%. With expanding capacity and strong industry growth projections, the company aims to capitalize on rising steel pipe demand.
HDFC Bank unit HDB Financial Services' Rs 12,500 crore IPO opens; GMP at 10%. Should you subscribe? - The Economic Times
HDB Financial Services, backed by HDFC Bank, launched its IPO aiming to raise Rs 12,500 crore. The IPO, open until June 27 with a price band of Rs 700-740, comprises a fresh issue and an offer for sale by HDFC Bank. Analysts recommend subscribing, citing strong financials, asset quality, and growth prospects, with listing expected in early July.
financial markets: RBI's VRRR move temporary, not a trend shift: Abhishek Bisen - The Economic Times
Kotak Mahindra AMC's Abhishek Bisen explains the RBI's liquidity management strategy. Month-end spending could push overnight rates below the central bank's comfort zone. The RBI is using VRRR to fine-tune liquidity, aiming to keep overnight rates between 5.25% and 5.5%, avoiding a situation that would negate previous rate cuts.
"Canadian govt unequivocally stands against terrorism": PM Mark Carney calls Kanishka bombing "deadliest attack" in Canada's history - The Economic Times
On the anniversary of the Air India Flight 182 bombing, leaders like Mark Carney and Pierre Poilievre expressed solidarity against terrorism. They remembered the victims of the Kanishka bombing.
Ellenbarrie Industrial IPO opens for subscription. Should you bid or skip? - The Economic Times
Ellenbarrie Industrial Gases, a Kolkata-based industrial gas manufacturer, is launching its Rs 852.5 crore IPO on June 24, with a price band of Rs 380-400 per share. The IPO includes a fresh issue and an offer for sale, aiming to repay debt and expand capacity. SBI Securities recommends subscribing, citing the company's strong financials and strategic growth plans.
US pulls jets from Qatar, Iran fires missiles with ‘early notice’, only one hits, and a ceasefire: Why it looks like a fixed match? - The Economic Times
Iran-Israel War Ceasefire Explained: A recent 12-day conflict between Israel and Iran, brokered by Qatar and hailed by Donald Trump, raises questions about its authenticity. Preceding the conflict, the U.S. significantly reduced its military presence at Al Udeid Air Base in Qatar. Iran's subsequent missile strike on the base resulted in no casualties. Trump then announced a ceasefire, hinting at prior knowledge.
NATO leaders gather for what could be a historic summit, or one marred by divisions - The Economic Times
NATO leaders are convening in The Hague amidst internal disagreements over defense spending targets, with Spain rejecting the proposed 5% GDP commitment. Trump's criticism of low-spending members like Spain and Canada adds to the tension.
IT stocks decline: Accenture guidance spooks D-Street, investors trim IT bets - The Economic Times
Accenture's lowered revenue growth guidance triggered a sell-off in Indian IT stocks, with the Nifty IT index falling 1.5%. Investors are concerned about subdued discretionary IT spending and delayed recovery expectations. While Gen AI bookings showed growth, the momentum slowed, impacting future revenue projections. Interest rate cuts in the US could provide a positive trigger.
Trump brokered ceasefire agreement in contact with Israel, Iran, White House official says - The Economic Times
Donald Trump facilitated a ceasefire between Israel and Iran. This happened after discussions with Benjamin Netanyahu. Trump's team contacted Iranian officials. Israel agreed to the ceasefire if Iran stopped attacks. Iran indicated it would follow the agreement. JD Vance, Marco Rubio, and Steve Witkoff were involved in the US contact with Iran.
HDB Financial Services IPO: IPO market heats up, but analysts urge investors to tread carefully - The Economic Times
Several companies including Kalpataru Limited, Ellenbarrie Industrial Gases, HDB Financial Services, and Sambhv Steel Tubes are set to launch their IPOs this week. Analysts are suggesting investors consider Ellenbarrie and Sambhv for longer-term gains. HDB Financial is viewed as a long-term play, but its grey market premium has decreased. Experts advise caution on Kalpataru due to debt levels.
geopolitical tensions: FII nervousness temporary, dips offering buying opportunities: Sunil Subramaniam - The Economic Times
Market expert Sunil Subramaniam says domestic liquidity is strong. Mutual fund flows are consistent. SIP book is at 26,000 crores. Fund managers have adequate liquidity tilted towards mid and smallcaps. FIIs are nervous due to the oil spike. Domestic fund managers are buying on dips. Geopolitical tensions create volatility. The market expects the situation to ease soon.
trump: Dollar weakness a ‘self-goal’ amid tariff miscalculation: Anurag Singh - The Economic Times
Ansid Capital's Anurag Singh discusses the impact of low energy costs, particularly cheaper oil, on businesses, inflation, and emerging markets like India. He praises a decisive approach to nuclear proliferation, viewing it as positive for global peace and business. Singh also analyzes gold's ceiling and the dollar index's challenges, linking it to tariffs and China's treasury bond dumping.
Asian shares: Asian shares rally, oil prices tumble as Trump announces Iran-Israel ceasefire - The Economic Times
Global shares surged and the dollar weakened following reports of a ceasefire agreement between Iran and Israel, brokered by U.S. President Trump. Oil prices plummeted as concerns over supply disruptions eased, boosting risk assets. The yen and euro gained due to their reliance on oil imports, while U.S. Treasury yields rose slightly amid shifting expectations for Federal Reserve rate cuts.
oil prices surge: How will US strikes on Iran affect Indian markets this week? - The Economic Times
Indian stock markets might experience a downturn this week. This follows US strikes on Iranian nuclear sites, escalating Middle East tensions. Rising oil prices and potential Strait of Hormuz closure could negatively impact market sentiment. Investors are closely watching Iran's response. The Nifty and Sensex previously rebounded, but this new development threatens that recovery.
Infosys, Wipro, and other IT stocks drop up to 3% after Accenture Q3 results - The Economic Times
Indian IT stocks, including Infosys, Wipro, and TCS, experienced a decline following Accenture's Q3 results, despite the latter exceeding revenue expectations. Investor concerns arose regarding future demand trends and overall sector sentiment, overshadowing positive AI-driven service growth. The sell-off was also influenced by flagged headwinds from a sluggish U.S. federal contracting environment.
Nifty trading strategy: How to trade Nifty after US bombs Iran? Rupak De shares his playbook - The Economic Times
Amid Middle East tensions, Nifty is struggling around 25,000. Rupak De suggests a 'buy on dips' strategy above 24,850. NSE option traders will adjust strategies with expiry day changes. BSE options may capture post-policy moves better. A catch-up rally is expected in mid and smallcaps.
oil market: Peter McGuire warns prolonged conflict could stall global growth - The Economic Times
Market trader Peter McGuire assesses the geopolitical situation's impact on oil prices, emphasizing the timeframe's importance. A short-lived conflict might cause a blip, but a prolonged issue, especially involving the Strait of Hormuz, could significantly elevate prices. McGuire highlights the potential for prices to surge beyond $100 if Iran blocks the Strait, urging observation of U.S. and Saudi responses.
trading strategies for Nifty: Nifty faces key resistance at 25,200 amid geopolitical tensions - The Economic Times
Nifty is approaching a critical level around 25,200. Analysts suggest a potential rise towards 25,700-25,900 if it breaks through. Support remains strong at 24,500. Experts recommend focusing on stocks like Mahindra & Mahindra and Bharat Electronics Limited. Banking and IT sectors are also showing promise. Geopolitical uncertainties may still cause market volatility. Traders should monitor key support and resistance levels.
Foreign Portfolio Investors: Why are FPIs selling off FMCG and power stocks in June? - The Economic Times
Overseas funds reduced investments in some sectors this June. Fast-moving consumer goods saw the biggest selloff. Power sector also experienced significant outflows. Financial services received substantial inflows. Interest rate cuts by RBI boosted financial sector investments. Geopolitical tensions and trade issues may affect future flows. Chemicals, oil & gas, and capital goods saw some investment.
Sectoral and thematic mutual funds lose up to 3% last week. Check top losers - Weekly loss | The Economic Times
Sectoral and thematic mutual funds have lost up to 3% last week. There were 564 funds in the said period, of which 413 gave negative returns. Here are the top losers (Source: ACE MF) Weekly loss
Trump's move against Iran may draw more criticism from MAGA's anti-interventionists - The Economic Times
President Trump's decision to strike Iranian nuclear sites has exposed divisions within his "MAGA" base, with prominent supporters like Bannon, Greene, and Carlson initially voicing concerns about U.S. involvement in the Israel-Iran conflict. While some, such as Kirk, quickly shifted to support Trump's actions, others maintained their anti-interventionist stance, raising questions about the long-term impact on Trump's movement and priorities.
Mcap of 6 of top-10 most valued firms jumps Rs 1.62 lakh cr; Airtel, Reliance biggest gainers - The Economic Times
The combined market valuation of six of the top-10 most-valued firms jumped Rs 1,62,288.06 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers, in-line with an optimistic trend in equities.
'The only path forward is diplomacy' UN Secretary General after US attacks Iran - The Economic Times
After the recent US strikes on Iran, UN Secretary General Antonio Guterres issued an urgent appeal for calm. He cautioned against the potential for devastating fallout from continued aggression, firmly stating that military action is not the answer. Guterres reiterated the necessity of diplomatic engagement, calling on all nations to respect international law.
Judge blocks the Trump administration's National Science Foundation research funding cuts - The Economic Times
A United States federal judge has stopped the Donald Trump administration from cutting research funds. The National Science Foundation faced restrictions. Judge Indira Talwani blocked a policy change in Boston. Universities feared losing millions for research. Artificial intelligence and cybersecurity work was at risk. The NSF's move was arbitrary, the judge said. Indirect costs were the issue.
"Unjust war imposed on my people": Iran FM calls for international action at UN Human Rights Council - The Economic Times
Iranian Foreign Minister Seyyed Abbas Araqchi condemned Israel's attacks on Iranian territory at the UN Human Rights Council, labeling them as unprovoked aggression and war crimes. He highlighted the targeting of civilians, infrastructure, and even peaceful nuclear facilities, emphasizing Iran's right to defend itself under international law.
Iran: Sheltering in a bunker, Ayatollah Ali Khamenei names successors - The Economic Times
Amidst escalating tensions following Israeli strikes, Ayatollah Ali Khamenei has taken unprecedented measures to safeguard the Islamic Republic. He has pre-selected replacements for military commanders and, remarkably, designated three senior clerics as potential successors, signaling the gravity of the situation.
Bombs, battles & bullion: Why gold is having a geopolitical moment - The Economic Times
Global tensions, particularly the Israel-Iran war and the ongoing Ukraine-Russia conflict, have fueled a surge in gold prices. Spot gold neared a record $3,451 per ounce, while domestic futures tested Rs 99,929 per ten grams. Investors are seeking safe-haven assets amid geopolitical uncertainty and concerns about inflation.