Japan's 10-year government bond yield surged to an 18-year peak of 1.980% on Wednesday, fueled by concerns over the government's record-breaking draft budget for fiscal 2026, which is projected to exceed 120 trillion yen. This fiscal worry, coupled with expectations of Bank of Japan rate hikes, prompted investors to sell longer-dated bonds, pushing yields higher across the curve.
Jefferies has reiterated its Buy rating on Eternal with a target price of Rs 480, citing strong growth prospects, improving unit economics and limited impact from Swiggys fundraising and Zeptos potential IPO on competitive dynamics.
Pakistan's Field Marshal Asim Munir faces a critical test as Washington urges troop contributions to a Gaza stabilisation force. This move, potentially crucial for securing US investment and aid, risks significant domestic backlash from anti-Israel Islamist groups and political rivals.
In the Nifty500 pack, 13 stocks' closing prices crossed below their 200 DMA (Daily Moving Averages) on December 16, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates the stock's price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
Gold prices surged as a weaker-than-expected U.S. jobs report fueled expectations of future interest rate cuts. The rising unemployment rate in November pressured the dollar and Treasury yields, making gold more attractive. Investors are now keenly awaiting key inflation data this week for further market direction.
The Nasdaq closed higher Tuesday, while the S&P 500 and Dow declined as investors assessed economic data for the Federal Reserve's policy outlook. Nonfarm payrolls saw a modest increase, but the unemployment rate rose. Investors are now pricing in significant interest rate cuts for next year.
Asian shares dipped, mirroring Wall Street's decline as weak US jobs data failed to bolster expectations for Federal Reserve interest-rate cuts. Oil prices surged after President Trump announced a "total and complete blockade" of Venezuelan oil tankers, escalating tensions.
The Indian rupee hit an all-time low of 91.08 against the US dollar, driven by significant foreign investor outflows and FDI repatriation. Experts suggest the rapid depreciation is partly speculative, with the currency expected to slow its decline as its Real Effective Exchange Rate makes it more competitive internationally.
Sebi has alleged Pranav Adani shared price-sensitive information about Adani Group's NDTV open offer with his brothers-in-law, violating insider trading norms. The regulator served show cause notices, citing communication frequency during the UPSI period. This comes after Sebi recently dropped a similar case against Pranav Adani and his relatives due to lack of evidence.
