Gold and silver prices saw a dip in early trading as investors booked profits after a recent rally and market fluctuations. Geopolitical tensions and upcoming US Fed policy meeting influenced traders to reduce positions at higher price points. Investors are now awaiting key US CPI data for further market direction.
India’s electronics exports are surging, driven by booming iPhone production, and are projected to become the second-largest export category. This rise coincides with a potential decline in oil exports due to US sanctions on Russian crude, impacting refiners’ purchases and eliminating price advantages.
Banks in Bihar, Jharkhand, and West Bengal are closed today for Chhath Puja, with some regions extending the holiday to tomorrow. These closures are state-specific, while other parts of India will have normal banking operations. Customers can utilize digital banking services for transactions during this period.
Brazilian President Lula da Silva announced that US President Trump assured him a trade deal is imminent, signaling a potential thaw in strained relations. Following a meeting at the ASEAN summit, both leaders agreed to immediate discussions to resolve tariff and sanctions disputes. Trump also announced several regional trade initiatives and a peace accord between…
Gold prices are expected to trade lower in the coming days, according to Manav Modi of Motilal Oswal. Last week saw a sharp fall in gold and silver after significant gains, influenced by hopes of ceasefires and easing US-China tensions.
China’s Foreign Minister Wang Yi has declared a multipolar world is coming. His remarks criticize US protectionist policies. This comes ahead of a crucial meeting between US President Donald Trump and Chinese President Xi Jinping. The leaders will discuss trade tensions. Both sides report progress in recent talks. Agreements on rare earth exports and soybean…
External Affairs Minister S Jaishankar met with US Secretary of State Marco Rubio in Kuala Lumpur to discuss bilateral ties and regional issues alongside the ASEAN summit. The meeting occurs as India and the US are nearing completion of a proposed bilateral trade agreement, with officials emphasizing a cautious, long-term approach to negotiations.
Oil prices climbed Monday as the US and China revealed a framework for a potential trade deal, easing fears of slowed global growth and reduced oil demand. This positive development, coupled with recent sanctions on Russia, has boosted market expectations and countered earlier oversupply concerns.
Stock market recommendations:SBI Securities’ Sudeep Shah highlights Cummins India and Blue Star as top stock picks for the Diwali week. Nifty and Bank Nifty show signs of potential reversal after sharp rallies.
Macquarie maintains an outperform rating on Hindustan Unilever, anticipating sales growth above 4% driven by demand recovery and GST transition reversal. CLSA holds Colgate Palmolive with a target price of Rs 2,130, despite weak sales. Jefferies rates Laurus Labs underperform, raising its target to Rs 700, citing strong ARV sales but a muted segment outlook.
