Market Commentary

Oil Prices Set To End Week At Pre-Ukraine Crisis Level On Recession Fears

Oil Prices Set To End Week At Pre-Ukraine Crisis Level On Recession Fears

Reuters | Friday August 05, 2022

Oil prices slipped on Friday and were near their lowest levels since February as concerns over a possible recession and a fall in fuel demand continued to rattle markets.

5 Worst Performing Stocks Of 2022 So Far...

5 Worst Performing Stocks Of 2022 So Far...

Equitymaster | Friday August 05, 2022

The correction In Indian stocks has not spared even the bluest of bluechips

Rupee Gains After RBI Hikes Rates Aggressively

Rupee Gains After RBI Hikes Rates Aggressively

Edited by NDTV Business Desk | Friday August 05, 2022

The rupee gained on Friday after the Reserve Bank of India hiked rates aggressively, by 50 basis points to take its key lending rate to the highest since 2019.

Sensex, Nifty End With Gains After RBI Hikes Rates To Highest Since 2019

Sensex, Nifty End With Gains After RBI Hikes Rates To Highest Since 2019

Edited by Rahul Karunakar | Friday August 05, 2022

Stock Market India: Equity benchmarks closed the week with gains after the Reserve Bank of India hiked its key lending rate to the highest since 2019 by a larger than broadly predicted 50 basis points, marking the third increase in a row.

Ready To Do Whatever It Takes To Stabilise Inflation, Rupee: RBI Governor

Ready To Do Whatever It Takes To Stabilise Inflation, Rupee: RBI Governor

Edited by NDTV Business Desk | Friday August 05, 2022

The Reserve Bank of India hiked its key lending rate by 50 basis points, which was at the higher end of market expectations, to 5.40 per cent. That increase takes the repo rate to pre-pandemic level, the highest since 2019 and the third hike in a row.

Economic Worries For The RBI Policy To Address: 5 Points

Economic Worries For The RBI Policy To Address: 5 Points

Reported by Priyanshi Sharma, Edited by Rahul Karunakar | Friday August 05, 2022

The Reserve Bank of India will likely hike interest rates for the third time since the current fiscal year began in April. But the central bank's dilemma has multiplied, with pressing economic risks becoming a deeper concern for policymakers.

Oil Languishes Below Pre-Ukraine Crisis Levels On Recession Fears

Oil Languishes Below Pre-Ukraine Crisis Levels On Recession Fears

Reuters | Friday August 05, 2022

Oil languished near its lowest since the start of the war in Ukraine on Friday on fears of a global recession, though stocks ignored such worries.

RBI Set To Hike Rates To Pre-Pandemic Levels, Focus Shifts To Policy Path

RBI Set To Hike Rates To Pre-Pandemic Levels, Focus Shifts To Policy Path

Edited by Rahul Karunakar | Friday August 05, 2022

The Reserve Bank of India is expected to raise interest rates today for the third time since the beginning of the current financial year to bring down inflation from above the upper threshold of the central bank's target since January. The focus shifts to the RBI's growth and inflation outlook and the tone of the monetary policy path.

This Tiny Firm With A 14,000% Gain, Just Surpassed Goldman Sachs

This Tiny Firm With A 14,000% Gain, Just Surpassed Goldman Sachs

Venus Feng, Pei Yi Mak and John Cheng, Bloomberg | Thursday August 04, 2022

AMTD Digital, a Hong Kong-based company that listed in New York less than three weeks ago, has surged.

Dollar Slips As A Boost From Hawkish Fed Commentary Fades

Dollar Slips As A Boost From Hawkish Fed Commentary Fades

Reuters | Thursday August 04, 2022

The dollar slipped against most major currencies on Thursday as the positive impact of hawkish Federal Reserve comments faded.

Crypto Winter May Temper Fintech Firms' Earnings

Crypto Winter May Temper Fintech Firms' Earnings

Reuters | Thursday August 04, 2022

Wall Street has lowered earnings expectations for once high-flying fintechs Coinbase and Block, as a chill in the cryptocurrency market adds more pain to the companies already grappling with surging costs and rapidly rising rates.

Asian Stocks Shuffle Higher As Focus Shifts Away From Taiwan

Asian Stocks Shuffle Higher As Focus Shifts Away From Taiwan

Reuters | Thursday August 04, 2022

Asian stocks rose in a choppy session on Thursday as a bit of nervous tension over Nancy Pelosi's visit to Taiwan dissipated and as investors took cues from robust US data and earnings.

RBI Rates To Return To Pre-Pandemic Levels; By How Much Is The Puzzle

RBI Rates To Return To Pre-Pandemic Levels; By How Much Is The Puzzle

Anup Roy and Subhadip Sircar, Bloomberg | Thursday August 04, 2022

India's central-bank watchers agree that interest rates will be raised to pre-pandemic levels on Friday, yet they are split on the size of the increase aimed at fighting inflation and propping up a weak currency.

Dollar On The Front Foot As Officials Suggest More Rate Hikes To Come

Dollar On The Front Foot As Officials Suggest More Rate Hikes To Come

Reuters | Thursday August 04, 2022, HONG KONG

The dollar was on the front foot on Thursday, helped by several US Federal Reserve officials pushing back against suggestions they will slow the pace of interest rate hikes

Oil Prices Rebound After Dropping To Lowest In Months; Still Below $100

Oil Prices Rebound After Dropping To Lowest In Months; Still Below $100

Reuters | Thursday August 04, 2022

Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session caused by data signalling weak US fuel demand.