Gold and silver prices have seen significant drops, with gold falling nearly 16% and silver by 38%. Despite this, buyers remain cautious, hoping for further price declines, with demand primarily seen for wedding purchases.
The Reserve Bank of India has eased external commercial borrowing rules, potentially allowing Indian companies to raise up to $100 billion in 2026-27. Key changes include higher per-borrower limits, relaxed end-use permissions, and the removal of pricing restrictions, making overseas funding more accessible and attractive for corporate expansion and acquisitions.
Indian stockbrokers saw improved revenues and profits in the third quarter. Trading volumes increased, boosted by leveraged deals and higher interest income. Exchanges like BSE and NSE also reported growth. This performance was supported by strong activity in cash and derivatives markets, as well as healthy primary market participation. Volatility in commodities also lifted trading volumes.
Brokerages Nomura and UBS assess the impact of AI on Indian IT stocks, with Nomura suggesting current sell-offs are front-loading pains and UBS highlighting the importance of adapting to AI. Both acknowledge transition challenges but see potential for stock floors due to cash flows and dividends. Adaptability to AI adoption and pricing model shifts will be crucial for future valuations.
The Reserve Bank of India is proposing new rules for banks. These changes will allow banks to manage gold price risks in foreign markets. Authorized dealers can also conduct rupee-based derivative contracts with overseas entities. This aims to improve price discovery and give banks more operational freedom. The move is expected to deepen the market.
Indian markets closed higher on expiry day, recovering from early weakness with selective buying. Maruti Suzuki unveiled its e VITARA electric SUV starting at Rs 10.99 lakh with a unique BaaS model. Dabur appointed Herjit S Bhalla to lead its India business, while GR Infraprojects secured a railway construction project worth Rs 668 crore.
Asian Paints stock dropped after a weak December quarter. Softening demand, extended monsoon, and competition impacted sentiment. The company expects market share gains in waterproofing and home decor. Despite slower decorative volume growth, margins expanded due to lower raw material costs. Brokerages have trimmed earnings estimates. Cost savings and new products will support profitability as demand recovery remains gradual.
Indian markets saw a dip on Tuesday. Tech giants like Nvidia and Microsoft faced losses. Investors are worried about artificial intelligence impacting businesses. Chinese AI advancements also added to market uncertainty. Financials offered some support. Upcoming inflation data will be key for interest rate decisions.
Shares in Raspberry Pi rose as much as 42% on Tuesday in a record two-day rally after CEO Eben Upton bought stock in the beaten-down UK computer hardware firm, halting a months-long slide, as chatter grew that its products could benefit from low-cost artificial-intelligence projects.
Engineers India Limited posts over threefold Q3 net profit jump, driven by turnkey project revenue. Board to meet for second interim dividend, with record date set for March. Shares remain volatile amid profit booking.
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