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Gold rate today: Gold futures at MCX faced profit booking after hitting a record high, opening lower at Rs 95,457/10 grams, while silver also declined. Domestic precious metals closed positively on Tuesday, contrasting with mixed international market performance.
Asian markets experienced gains following reassurance from President Trump regarding Jerome Powell’s position and positive signals on trade from Treasury Secretary Bessent. US markets rebounded strongly, fueled by corporate earnings and Elon Musk’s focus on Tesla, despite IMF’s global growth forecast downgrade. Bond markets stabilized, while crude oil prices and the euro saw increases.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Wednesday. While BSE Sensex went above 80,200, Nifty50 was above 24,350.
Stock market recommendations: Anand Rathi Shares and Stock Brokers’ DVP Mehul Kothari recommends buying SJVN, IDBI Bank, and Krsnaa Diagnostics.
The United States has imposed significant new duties, up to 3,521%, on solar imports from Cambodia, Vietnam, Malaysia, and Thailand, responding to claims of unfair subsidies and below-cost sales. While supporting domestic manufacturers like Hanwha Q Cells and First Solar, these duties create challenges for US renewable energy developers reliant on affordable foreign supplies.
China has issued a stern warning against countries entering trade agreements with the U.S. at Beijing’s expense, threatening countermeasures. This follows reports of potential U.S. tariff exemptions for nations limiting trade with China.
India’s deeptech sector witnessed remarkable growth in 2023 and 2024, with a surge in new ventures and funding, driven by supportive policies and AI advancements. While investments increased significantly, founders emphasize the need for a mature ecosystem with robust demand and capital continuity. They also highlight challenges like long R&D cycles and the lack of … Read more
ICICI Bank announced a dividend of Rs 11 per share following a strong financial performance in the fourth quarter. The bank’s net profit rose significantly, driven by increased lending and healthy net interest income. While margins may face pressure due to anticipated rate cuts, the bank plans to add 400 new branches.
HDFC Bank announced a final dividend of Rs 22 per share for FY25, alongside a 6.7% increase in Q4 net profit, reaching Rs 17,616 crore. Net interest income rose by 10.3% to Rs 32,070 crore. Trading at Rs 1,906.70, the bank’s shares reflect a 1.02% dividend yield and a market capitalization of Rs 14.59 lakh … Read more
