U.S. President Donald Trump may have dubbed April 2 “Liberation Day” while unveiling sweeping new tariffs, but Chris Wood, global head of equity strategy at Jefferies, sees the move as a damaging turn in U.S. trade policy, calling it “an impoverishment day, not a liberation day” in his latest GREED & fear report. “Tariff hikes … Read more
The market ended the week on a pessimistic note, with a sell-on-rally sentiment dominating due to the strong US dollar, high valuations, and investors gravitating toward a multi-asset strategy. The auto sector outperformed other indices, buoyed by strong December sales that defied typically subdued demand. Meanwhile, mid and small caps showed a modest recovery, while … Read more
Gold prices experienced a slight decline on November 15, signaling its worst week in over three years. Spot gold was trading at $2,562.61 per ounce, down 0.1%, marking a decrease of more than 4% for the week. Furthermore, US gold futures also saw a decrease of 0.2%, standing at $2,567.10. In India, the price of … Read more
The Indian rupee closed at a record low of 84.0725 against the US dollar on Monday, pressured by outflows from local equities and debt and a stronger dollar index. However, likely RBI intervention in the form of dollar sales reigned in losses for the rupee, traders said. Outflows caused by Hyundai routing back funds to … Read more
“If I look at, let us say, the Sensex or Nifty, they are trading at about 24 times one year forward PE, 15% to 20% higher than the long-term averages. In the small and in midcaps, the valuations are much more egregious,” says Manishi Raychaudhuri, Veteran Investor.What could be really the red flags out there … Read more
Spot gold closed with a solid gain of 1.76% at $2330 Friday as the metal rallied for the third straight week. It hit a fresh record high just above $2330. It posted a whooping gain of nearly 4.50% on the week despite surging yields and a largely steady US Dollar. Part of the gains this … Read more
Dismal US monthly job report and ISM services data Friday sank the US yields and consequently, the US Dollar index, which propelled the gold prices above $2000. However, reduced geopolitical concerns led to a decline from the day’s high. Spot gold closed with a gain of 0.36% at $1992.72. It was lower on the week … Read more
Mumbai: Indian equities weakened on Monday as heightened uncertainty over the Israel-Hamas conflict led to a flight of money, across global markets, to safe-haven assets such as gold and the US dollar. The surge in oil prices in the wake of the geopolitical tensions also soured sentiment among investors, already anxious about the persistent inflation … Read more
A benign US dollar could be good news for metals and one stock that may see a pullback due to this is Hindalco Industries. The share has a potential upside of 6% in the near term based on current momentum. Hindalco shares have underperformed not just the Nifty50 but also the Nifty Metal Index in … Read more
NEW DELHI: On the back of corporate dollar outflows, the Indian rupee today plunged 1% to end at a month-low of 82.61 against the US dollar. The dollar index, which measures the strength of the greenback against a basket of six major currencies, hung on to most of the previous session’s gains to be the … Read more