Indian markets surged Friday as traders anticipated a Federal Reserve interest rate cut next month, boosting sentiment. Despite weekly losses amid tech valuation worries, Nvidia saw a jump on potential China sales. Fed officials offered mixed signals on rate policy, creating market anticipation for the December meeting’s outcome.
Banks fully implement SWIFT messaging norm
Indian banks have successfully adopted the new SWIFT ISO 20022 messaging standard. This achievement places them ahead of the global average. The Ministry of Finance and Reserve Bank of India drove this initiative. All Indian banks are now ready for cross-border payments under the new framework. This ensures smooth operations and avoids potential disruptions and penalties.
Sebi plans overhaul of brokerage, MF rules in December board meeting
The Securities and Exchange Board of India (Sebi) is set to review its mutual fund and stock broker regulations next month. Key proposals include unbundling broking fees and updating stock broker rules, which were framed 30 years ago. Sebi aims to streamline compliance and enhance ease of doing business.
Morgan Stanley drops call for December Fed rate cut after strong jobs data
Morgan Stanley has abandoned its prediction of a December Federal Reserve rate cut following a robust September jobs report. The economy showed resilience with 119,000 non-farm payroll additions, though the unemployment rate climbed to a four-year high. The bank now anticipates rate cuts in January, April, and June 2026.
Oil extends decline on possible Russia-Ukraine peace deal
Oil prices declined for a third consecutive session as the U.S. advocated for a Russia-Ukraine peace deal, potentially increasing global oil supplies. Uncertainty surrounding U.S. interest rate cuts also dampened investor risk appetite, contributing to oversupply concerns and a bearish market sentiment.
Gold falls as strong US jobs data dims rate-cut prospects
Gold prices declined on Friday, heading for a weekly loss as a robust U.S. jobs report diminished expectations for a December Federal Reserve rate cut. Traders now see a lower probability of a cut, impacting gold’s appeal as a non-yielding asset. The strengthening dollar further pressured bullion prices.
Excelsoft Technologies IPO Day 2: GMP, subscription status, brokerage insights, and key highlights
Excelsoft Technologies’ Rs 500-crore IPO is seeing strong investor interest, with retail and non-institutional segments oversubscribed on Day 1. The grey market premium suggests a potential listing gain. The company, a global learning and assessment SaaS provider, is raising funds for expansion. Despite robust financials, the IPO is considered aggressively priced, leading to a neutral outlook for modest listing gains.
Lenovo reports a 5% fall in Q2 profit
Lenovo reported a 5% decline in its second-quarter profit, even as revenue rose to $20.5 billion, slightly above market expectations. Net profit came in at $340 million, missing analyst estimates.
Barclays raises target, estimates 11% gain for S&P 500 by end-2026
Barclays strategists have boosted their S&P 500 year-end 2026 target to 7,400, anticipating an 11.4% rise driven by megacap tech strength and a supportive monetary and fiscal outlook. They foresee faster tech earnings growth, though acknowledge potential headwinds for other sectors due to inflation and unemployment.
Inside the short-selling trap of Groww’s near multibagger surge: What happened and what it means for investors?
Groww shares faced unusual settlement problems after a strong rally. Over 30 lakh shares went into auction due to short sellers unable to deliver. A short squeeze intensified the price rise. While the auction settled deliveries, investors now watch for fundamental trading as extreme pressures ease. Valuations are a key concern for the future.