New Delhi: India’s biggest airline, IndiGo, on Thursday reported a 78 per cent slump in December quarter net profit as flight disruptions and implementation of the new labour code took a toll on its earnings.
Bandhan Bank Shares Rise 5% After Motilal Oswal & JM Financial Upgrade; Target Price Revealed
Shares of Bandhan Bank surged nearly 5% on Friday, touching an intraday high of ₹150.50 on the BSE, after leading brokerages Motilal Oswal and JM Financial upgraded the stock and raised their target prices.
Gold Price Eyes $5,000 Mark as Weak US Dollar Fuels Fresh Rally
Gold rose to a record high near $5,000 an ounce, as geopolitical risk and threats to the Federal Reserve’s independence added support to a rally fueled by a retreat from currencies and bonds.
Silver ETF Prices Fall 20%: Why the Multibagger Rally Suddenly Crashed
Silver ETF Prices: Indian silver exchange-traded funds (ETFs) crashed up to 20% on Thursday in a dramatic reversal, wiping out their premium to international and physical markets as investors fled amid heightened volatility in precious metals. Nippon India Silver ETF, ICICI Prudential Silver ETF, and Kotak Silver ETF each plummeted 19-20% in morning trade, falling below their indicative net asset values (iNAVs) as what had been an abnormally steep premium evaporated and transformed into a discount.
Trump Calms Global Markets as ‘Buy America’ Trade Trend Gains Momentum
Buy America Trade: Global financial markets showed signs of relief after former US President Donald Trump sent calming signals to investors, helping reduce recent uncertainty. His comments supported confidence in the US economy and triggered a fresh wave of interest in America-focused investments, widely known as the “Buy America” trade.