European shares dipped in choppy trading on Monday, rocked by a fresh wave of uncertainty regarding U.S. trade policy after President Donald Trump announced a new rate of global tariffs.
The Securities and Exchange Board of India is reviewing its Portfolio Managers Regulations. Chairman Tuhin Kanta Pandey emphasized strengthening investor protection and governance. The PMS industry has seen significant growth in assets and clients. Sebi is also simplifying business processes for portfolio managers. This review aims to keep the framework relevant for evolving market dynamics.
Real estate firm BPTP Ltd has tied up with a landowner to develop an 11-acre housing project in Surajkund, Faridabad, as part of its expansion plan.
Global trade policy volatility is forcing investors to reassess strategies, with market strategist Manishi Raychaudhuri advising a focus on domestic growth. He highlights basic materials, industrials, and consumer discretionary sectors, while cautioning against exporters, consumer staples, and IT services due to valuation and margin concerns.
Silver prices are staging a strong comeback after a significant fall. Rising tensions between the US and Iran are boosting demand for silver as a safe haven. Global trade uncertainty also plays a role. Analysts point to several key factors that could drive silver prices even higher in the coming days. This metal is showing resilience amid global economic shifts.
Domestic gold prices rallied to Rs 1,60,600 amid global tensions and tariff developments. LKP Securities expects up to Rs 3,400 upside this week, supported by key technical indicators including RSI, MACD, moving averages and Bollinger Bands. Analysts recommend a buy-on-dips strategy with defined support and resistance levels.
IDFC First Bank shares plunged nearly 20% after the lender disclosed a Rs 590 crore fraud at its Chandigarh branch involving accounts linked to Haryana government entities. The sell-off erased about Rs 14,000 crore in market value and triggered Rs 1,452 crore in combined mark-to-market losses for LIC and the Government of India, raising governance concerns.
Indian government bonds traded narrowly as geopolitical tensions and a large debt supply weighed on demand. While easing oil price jitters offered some relief, traders remained cautious ahead of significant state and central government debt auctions. However, indications of potential future rate cuts from the central bank provided a slight boost to sentiment.
Indian textile stocks saw mixed trading on Monday. This followed a US Supreme Court ruling on tariffs. President Trump then imposed new global tariffs. This has created uncertainty for trade deals. India is studying the implications. A key trade meeting between India and the US has been rescheduled. Indian stock markets advanced on the news.
Indian markets approach Monday with cautious optimism following a US Supreme Court ruling on tariffs. While new levies are lower than initially feared, ongoing trade uncertainties and geopolitical tensions with Iran are expected to temper any significant gains. Analysts anticipate a modest rally, with investors now focusing on earnings and currency movements for future direction.
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