Global market News

US President Donald Trump shared on his Truth Social platform that both nations had agreed to a complete halt in hostilities after 12 days of conflict. 

After a period of global market volatility, foreign institutional investors (FIIs) have returned strongly to Indian markets. In the last 11 trading sessions alone, FIIs have invested Rs 37,375 crore in Indian equities and bonds. 

The government-owned NBFC’s loan sanctions for the fourth quarter recorded a 27 per cent rise to Rs 47,453 crore while loan disbursements for the quarter rose 20 per cent to Rs 30,168 crore. 

In a major boost to defence exports, wide range of items from ammunition, arms, sub-systems/systems and parts and components have been exported to around 80 countries in the just-concluded fiscal.  

According to the World Gold Council, while retail and investor demand for gold continues to grow, global central banks reported a net selling of 3 tonnes (t) in December, according to data from the International Monetary Fund (IMF) and other sources. 

The RBI has increased its buying to 73 tonnes in the first 11 months of 2024 and its total gold holdings to 876 tonnes, maintaining its position as the second largest buyer during the year after Poland. 

Goldman Sachs Research stated in a report last month that it expects the Indian economy to be relatively insulated against global shocks over the coming year — including tariffs levied by the new administration of US President-elect Donald Trump.  

In Asian markets, Tokyo, Shanghai and Hong Kong were trading lower while Seoul quoted higher. US markets ended in the negative territory on Friday. 

EAM also expressed their concern on the recent developments in West Asia after the precision strike of Israel on Iran's military sites.

Hyundai plans to launch the Casper Electric, named Inster for overseas markets, in global markets and develop gasoline hybrid models amid the slowdown in electric vehicles. 

Gold prices have been driven up by the safe haven demand by investors in the wake of uncertainty caused by rising geopolitical tensions.

The current value of NIFTY is higher by 860.10 points or 4.03 per cent. The February series had begun at a level of 21,352.60 points. 

India has the potential to be a manufacturing hub for space technology, with Indian firms expanding to foreign markets and vice versa, Director of Vikram Sarabhai Space Center said. It is important to take space technology to friendly countries that didn’t have the means, Director of UR Rao Satellite Centre emphasised.

US crude prices jumped 7% on Friday to their highest since March, on strengthening fuel demand as countries around the world eased travel restrictions they had imposed to curb the spread of the coronavirus.

Today Share Bazaar starts with a red singnal due to Coronavirus fear. Sensex 1600 points down.

The stock market has recorded a huge decline today. An 'earthquake' has been seen in Nifty, Sensex today. These situations have arisen due to CBI interrogation and raids by Yes Bank founder Rana Kapoor.

Market indices Sensex and Nifty declined further to trade 6% lower each, led by huge crash in global markets due to yes bank fraud case.

Deficit-hit palladium meanwhile hit another record peak on the back of prolonged supply constraints in the market. Spot gold was down 0.1% at $1,564.31 per ounce as of 1257 GMT, having fallen as much as 0.7% earlier in the session. It touched its highest since April 2013 at $1,582.59 on Monday. US gold futures were 0.2% lower at $1,566.00.

That helped push the MSCI`s broadest index of Asia-Pacific shares outside Japan, which had touched its highest level since April 24 on Friday, up 0.21%. Australian shares jumped, adding 1.23%. But Japan`s Nikkei 225 pulled back 0.21% after a strong rally on Friday that pushed the index to a 14-month high.

The rupee pared its early gains to trade down by 5 paise at 64.94 against the dollar on emergence of demand for the US currency from importers and banks despite higher local equities.