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Gold and silver prices are set for a week driven by major events. The US Federal Reserve's interest rate decision will be a key factor. Geopolitical tensions involving Iran and crude oil price movements also impact markets. Investors will monitor US economic data and central bank announcements globally. Bullion is expected to remain range-bound as traders watch these developments.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/C0BbkFo
Indian stock markets experienced a significant downturn last week. Nine of the ten most-valued companies saw their market worth decline. HDFC Bank faced the largest valuation drop, while Hindustan Unilever gained value. Benchmark indices like the BSE Sensex and NSE Nifty also registered losses. This market pressure was attributed to rising crude oil prices and geopolitical concerns.
Indian stock markets closed lower for a fifth consecutive session on Friday. Rising oil prices and Middle East tensions fueled investor caution and market pressure. Foreign institutional investors continued their selling trend, impacting market sentiment negatively. Renewed concerns over US trade tariffs also contributed to the overall market decline. Selling in heavyweight stocks like Infosys and HDFC Bank added to the day's losses.
The Indian Rupee recovered 22 paise against the US dollar in early trade. This recovery occurred despite crude oil prices breaching the $100 a barrel mark. The Reserve Bank of India's intervention likely helped stabilize the domestic currency. Foreign institutional investor outflows and weak domestic equities capped further gains for the Rupee. Brent crude prices rose amid escalating Middle East tensions and shipping route clashes.
Axis Asset Management Company is acquiring Axis Securities' portfolio management services business. This strategic move significantly expands their alternative investments platform and investor base. The combined portfolio management services assets under management will now exceed fifteen thousand crore rupees. The entire portfolio management services team has transitioned to Axis Asset Management Company. This acquisition strengthens their position in the growing alternatives investment segment.
