RSS Feed
Twitter
11:10 AM
Blogger
Indian banks are proactively cushioning exporters from the impact of the US tariff hike, effective August 27. Measures include temporary interest concessions, flexible repayment options, and enhanced working capital. Indian Bank is considering fee waivers and tailored support for MSMEs in key export hubs. Other banks like IOB are advising on market diversification and hedging strategies.from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/FlNacSG
Stock market recommendations: SBI Securities' Sudeep Shah suggests Uno Minda Ltd and HDFC Life as top stock picks for the week starting August 18, 2025. Nifty snapped a six-week losing streak, but faces resistance at 24750-24800. Bank Nifty traded narrowly, with key resistance at 55700–55800.
Gold prices are anticipated to consolidate as investors monitor global economic data, central bank commentary, and geopolitical events. Focus will be on US housing numbers, UK and Eurozone inflation data, and PMI releases. Speeches from ECB President Lagarde and Fed Chair Powell at the Jackson Hole Symposium will also influence bullion's trajectory, impacting near-term market sentiment.
Union Bank of India projects India's current account deficit to nearly double to 1.2% of GDP in FY26, up from 0.6% in FY25, citing evolving trade dynamics and global commodity prices. A $10 per barrel change in crude prices could alter the annual current account balance by nearly $15 billion.
During a holiday-shortened week, five of the top ten most valued companies experienced a surge in market capitalization, totaling Rs 60,675.94 crore, driven by positive market sentiment. SBI and HDFC Bank emerged as the frontrunners, while Reliance Industries maintained its position as the most valued firm. Conversely, LIC and Bajaj Finance witnessed a decline in their valuations.
