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Consumer discretionary major Titan reported a marginal dip (-0.6%) in its third quarter consolidated net profit at Rs 1,047 crore, even as the total income rose 25% YoY to Rs 17,723 crore.

Asian stocks track US higher, China set to reopen

Updated at : 2025-02-05 07:30:02

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The first volleys in the latest US-China trade war made clear that Xi Jinping is taking a more cautious approach than during Donald Trump’s first term. After the US leader gave last-minute reprieves to Canada and Mexico, his 10% tariffs on China took effect on Tuesday. Beijing swiftly announced additional tariffs on roughly 80 products to take effect on Feb. 10, but traders are hoping upcoming talks will ease tensions.

RBI adds 72 tonnes gold in 2024 amid volatility

Updated at : 2025-02-05 06:55:02

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In 2024, the Reserve Bank of India expanded its gold reserves by 72.6 tonnes, reaching a total of 876.18 tonnes valued at $66.2 billion. This increase is the highest since 2021 and the second highest since 2017. The central bank s gold purchases help protect against currency volatility and enhance valuation gains on reserves.

Ashu Khullar, Citi’s India chief, is appointed as the global co-head of GAM, based in London, and will oversee EMEA and Asia. K Balasubramanian will succeed him as India s CEO, pending RBI approval. During Khullar s tenure, Citi s revenue grew significantly, reflecting his effective leadership.

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Banks are focusing on medium-term deposit mobilization to comply with new liquidity coverage ratio rules and improve asset-liability management. Non-callable deposits with two-to-five year maturities are preferred despite higher costs. Revised rules effective from April 1 mandate a higher run-off factor, prompting banks to invest more in liquid securities.

D-Street bulls salute tariff truce in West

Updated at : 2025-02-05 06:55:02

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The advance helped the benchmarks cut all their losses in 2025, though analysts are guarded about concluding that the recovery is here to stay. The outcome of the Reserve Bank of India s monetary policy meeting on Friday will be the next trigger for the market.

Algo trades to open for retail investors

Updated at : 2025-02-05 06:55:02

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Under the framework, the facility of algo trading would be provided by the stockbroker to retail investors only after obtaining permission of the stock exchange for each algo.

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​​According to a Motilal Oswal Financial Services study, 27 out of 47 companies on the Nifty were trading above their 10-year average valuations. The valuations were measured based on the Price to Earnings (PE) Ratio and Price to Book (P/B).

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The dollar index was at 108.52, versus 109.8 on Monday. The appreciation in the local currency comes after the rupee closed a record low of 87.18 per dollar on Monday. The rupee was in a tight range throughout the day on Tuesday. It traded between 87/$1 and 87.13/$1. Most Asian currencies also appreciated in response to a slight correction in the dollar index.

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