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Fed to hold rates steady as pressures mount

Updated at : 2025-05-08 00:35:26

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The Federal Reserve is expected to keep interest rates unchanged, citing high uncertainty due to trade policies. Despite concerns over tariffs, recent data shows stable inflation and employment. Markets anticipate future rate cuts. Fed Chair Powell may face questions on trade, inflation, and President Trump’s criticisms during the press conference.

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Simple Energy, an electric two-wheeler manufacturer, is planning an IPO by FY27 to raise ₹3,000 crore for market expansion, a new manufacturing unit, and R&D. The company aims to increase its touchpoints from 15 to 500 in the next two years and targets ₹800 crore in revenue in FY26.

Axis Mutual Fund s CIO, Ashish Gupta, suggests geopolitical tensions may have a limited market impact if de-escalation occurs, drawing parallels to past events. He highlights the stability in currency, interest rates, and fiscal deficit as comforting factors. While banks show divergence in performance, Gupta remains optimistic about credit growth in the latter half of the year.

​There are the few companies that will probably benefit from higher defence spending in India and globally and there we see larger upside, but I would not kind of say that it is a broad rush approach that you should take towards the sector.

Gokaldas Exports led the rally, jumping 18.8% to ₹1,013 on the BSE. KPR Mill rose 10.1% to ₹1,122.05, and Arvind Ltd gained 5.8% to ₹387. The rally was fueled by optimism that zero-duty access to the UK market will boost Indian textile exports and enhance competitiveness against countries like Bangladesh and Vietnam.

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The defense sector is witnessing a significant transformation driven by government initiatives and geopolitical dynamics. This article explores the sector s outlook, growth trajectory, and highlights key companies poised for growth.

Following India s Operation Sindoor, a response to the Pahalgam terror attacks, Pakistan s KSE-100 index plummeted by 5.5%. Vijay Kedia voiced his support for India s actions through a poetic tweet. In contrast, Indian equity markets demonstrated resilience, with the BSE Sensex and Nifty50 recovering to positive territory after an initial dip.

Amnish Aggarwal warns of market volatility due to geopolitical tensions, with a focus on sector rotation towards defensives like pharma, telecom, and cables. He prefers KEI over Polycab and remains optimistic.

HUDCO reported a 4% YoY rise in Q4FY25 net profit to Rs 728 crore, with revenue surging 38% to Rs 2,845 crore. Full-year PAT rose 28% to Rs 2,709 crore. Loan sanctions and disbursements jumped sharply, while interest income and yields improved. Despite strong numbers, shares fell 3.5% after results were announced during market hours.

Bitcoin briefly surpassed $97,000 amidst a broad cryptocurrency rally, fueled by anticipation surrounding the US Federal Reserve s interest rate decision and easing geopolitical tensions. Ethereum also saw gains, contributing to a global crypto market capitalization of $3 trillion.

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