Gold prices experienced a slight decrease as the dollar strengthened, yet dovish signals from Federal Reserve Chair Jerome Powell, hinting at potential U.S. interest rate cuts, provided support. Asian share markets rallied on the prospect of renewed rate cuts. Investors are now awaiting U.S. personal consumption prices data, while physical gold demand in Asia remains subdued.
Fund managers predict emerging-market assets will outperform developed-market peers due to anticipated Federal Reserve policy easing, a shift away from US investments, and prudent fiscal policies in emerging nations. Favorable inflation and attractive valuations further support this outlook, with analysts forecasting a 15% gain for the MSCI Emerging Markets Index compared to 10% for its developed counterpart.
Traders anticipate Federal Reserve interest rate cuts. The stock market faces a test with artificial intelligence. Nvidia Corp will report quarterly earnings. Nvidia's performance is crucial for the stock market. Its results could fuel or halt the market rally. Analysts expect strong earnings and revenue growth. Options traders anticipate a significant move in either direction. Investors are watching closely.
Nifty is expected to be volatile, finding support near 24,700. A breakout above 25,150 could lead to 25,300-25,500, while a drop below 24,800 may take it to 24,600. Analysts suggest buying on dips, focusing on banking, auto, IT, pharma, and consumer stocks, anticipating market buoyancy due to positive cues.
Sebi searched the premises of Avadhut Sathe, a Mumbai-based financial influencer. Sathe confirmed the search and stated he only provides trading training. He denied offering investment tips. Sebi is cracking down on finfluencers giving investment advice. A report suggested Sathe made illegal earnings. He urged his students to ignore media reports. He assured that his sessions will continue as planned.
Despite China's economic struggles with tariffs and a property crisis, its stock market is experiencing a significant bull run, adding almost a trillion dollars in market value. This surge, driven by investors seeking alternatives, contrasts sharply with concerning economic indicators like low inflation and weak domestic demand.
Bank of India has declared Reliance Communications, its subsidiary Reliance Telecom, and Anil Ambani's loan accounts fraudulent, totaling 725 crore. The bank alleges the funds, intended for spectrum purchase, were instead invested in mutual funds and fixed deposits. Anil Ambani denies the allegations, claiming the bank violated natural justice principles and RBI regulations.
