US Treasury yields fell as declining oil prices and renewed confidence in the Federal Reserve’s inflation fight eased pressure on the bond market. The 10-year yield dropped to 4.95%, snapping an eight-day rise, while investors weighed the possibility of further rate hikes after the Fed’s latest decision.
US stocks rebounded sharply on Thursday, led by technology shares as easing oil prices and lower Treasury yields offered relief after the Federal Reserve raised interest rates. The Nasdaq gained 1.66%, while the S&P 500 rose 1.14% and the Dow added 0.61%, despite lingering inflation and rate hike concerns.
The US SEC has granted a five-year exemption to platforms offering tokenized stocks, easing regulatory hurdles for blockchain-based share trading. The move could bring crypto platforms deeper into traditional equity markets, allowing potential 24/7 trading, instant settlement and fractional ownership, while maintaining issuer consent and investor protection requirements.
US mortgage rates have climbed close to 7%, putting further pressure on an already sluggish housing market. The average 30-year fixed mortgage rate rose to 6.95%, its highest level since January 2025. Higher borrowing costs are squeezing affordability, delaying purchases and raising concerns about a further slowdown in home sales.
Sebi has restrained Kore Digital and three key executives after finding prima facie evidence of misstated financials, questionable subsidiaries, suspicious accounting and alleged diversion of preferential issue proceeds. The regulator also blocked main-board migration and ordered a forensic audit of company records.
Seven BSE 200 stocks touched fresh 52-week lows on Thursday as the Sensex closed 22 points lower at 74,314. Voltas, United Breweries, Shree Cement and Maruti Suzuki declined about 11% each over the past month, while Wipro, Bank of Baroda and UPL also weakened.
The Bank of England has decided to hold interest rates steady at 3.75 percent and is currently halting gilt sales. With inflation risks escalating, there are concerns prices may exceed four percent next year. Governor Andrew Bailey indicated that ongoing conflict might require a shift towards tighter monetary measures. Interestingly, three members of the Monetary Policy Committee pushed for a rate hike.
Mauritius-based Soach Global is set to make nearly 25 times returns on its decade-old NSE investment, with its 82.5 lakh shares now valued at up to Rs 1,472 crore at the IPO price band. The fund is selling 16.5 lakh shares, while retaining 66 lakh shares as a long-term investment.
NSE’s Rs 22,561.57 crore IPO ranks as India’s second-largest, behind Hyundai Motor India. The exchange attracted 189 anchor investors and raised Rs 6,746.18 crore before opening for public subscription, making it the second-highest in the historical anchor investor comparison.
Puravankara Ltd will redevelop three housing societies in Mumbai. The realty firm expects a total revenue of Rs 2,600 crore. These projects are located in Bangur Nagar, Goregaon West, Mumbai. They offer a total developable potential of 1.05 million sq ft. Puravankara has completed 97 projects across various Indian cities.
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