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Federal Reserve officials express caution regarding the potential impacts of tariffs on inflation and the complexity of their effects on consumers and supply chains. The Fed is wary of making immediate interest rate cuts without fully understanding these influences during the Trump administration s policy changes.

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The U.S. dollar fell to an eight-week low against the yen and hovered near a one-month low versus sterling as trade war fears eased. The market is considering the BoJ s potential interest rate hikes and the anticipated cuts from the Fed and BoE by year-end.

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Benchmark indices dropped in a volatile session as investors grew cautious ahead of the RBI s monetary policy decision. Trent fell slightly, ITC declined by 1.5%, while Hero MotoCorp saw a rise of 0.8%. Technical insights recommended stop-loss and potential targets for these stocks, with overall trends suggesting caution.

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This would benefit creditors in long-running cases like KSK Mahanadi, under CIRP since October 2019. IBBI has asked stakeholders to submit comments on these proposals by February 25.

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Bupa will look to increase its stake in health insurance firm Niva Bupa. The chief executive Krishnan Ramachandran, told ET that while there are no committed timelines, the opportunity is there after the budget announcement of allowing up to 100% FDI.

On the higher end, the index may continue to move towards 24,050 in the near term. Meanwhile, support is placed at 23,500, where maximum put writing is visible, said Rupak De of LKP Securities.

Asian stocks rise as Wall Street extends gains

Updated at : 2025-02-06 07:20:02

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Treasuries were stable in early Asian trading after rallying across the curve Wednesday. The US 10-year yield dropped nine basis points to 4.42% during the session while the policy-sensitive two-year yield declined three basis points to 4.18% — both the lowest since the middle of December. Australian yields fell early Thursday.

IOB shores up management amid branch expansion

Updated at : 2025-02-06 06:20:02

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State-owned Indian Overseas Bank is undergoing administrative restructuring to enhance management control and support branch expansion. The Chennai-based lender plans to add four new regional offices next fiscal and has already added three this year. With 90 branches added recently and 100 more planned by 2025-26, IOB aims to improve performance and reduce non-performing assets.

Goldman Sachs has upgraded HPCL and BPCL to buy and IOC to neutral , citing an improved outlook for oil marketing companies in FY26 and FY27. The prediction of capped crude oil prices and higher Russian crude discounts suggests enhanced financial performance for these companies.

Reliance Industries (RIL) is broadening the syndication of its $3-billion dual currency loan, adding around 10 global banks, including ANZ, Barclays, and JP Morgan, to the original eleven lenders. The funds, partially denominated in yen, will be used for upcoming repayments.

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