The S&P 500 index saw an increase on Monday. This happened because investors felt positive about trade discussions. These discussions involved the United States and its trade partners. This optimism existed even with President Trump's increased tariffs on steel and aluminum imports. Steel company shares went up, while automaker shares went down. Energy stocks also showed gains.
Asian shares began cautiously following a tech-driven rally in US stocks, while bonds remained steady. Investors are closely monitoring trade war developments, including extended tariff exclusions and potential US-China talks. Japan faces debt market pressures, and Russia-Ukraine talks concluded without a resolution, setting the stage for a prisoner exchange. Market volatility is expected amid trade tensions and geopolitical concerns.
India's digital rupee has witnessed substantial growth since its pilot launch in late 2022. By March 2025, the retail value soared to Rs 1,016.5 crore, a 180-fold increase from March 2023, driven by high-value denominations like Rs 500 notes. This surge indicates growing acceptance for larger retail and merchant transactions, supporting India's goals of modernizing payments and reducing cash reliance.
The NSE's long-awaited IPO faces continued delays due to unresolved regulatory concerns raised by Sebi, including the co-location case and technology infrastructure issues. Despite NSE's efforts to address these concerns and seek resolution through settlements, the IPO's future remains uncertain, pending Sebi's approval and the outcome of ongoing investigations. NSE is actively traded in the unlisted market.
Oil prices saw a significant increase. This happened after OPEC plus countries decided to increase oil production. The increase was less than expected. Geopolitical tensions involving Ukraine and Iran also contributed. OPEC plus agreed to a daily supply increase for July. However, some members like Russia had reservations. Banks are divided on future production hikes. Brent crude prices also increased.
Lendingkart Finance, backed by Temasek, faced losses before tax in 2024-25, breaching a covenant on its 75 crore bonds. The company is seeking a waiver from bondholders, who are likely to grant it given the guarantee from Lendingkart Technologies and Temasek's increased stake. Despite the losses and a shrinking loan book, investors are comforted by Temasek's commitment and past investments.
The Nifty 200 Momentum 30 Index has recently underperformed compared to the Nifty 50, potentially offering aggressive investors an opportunity for gradual investment. Experts suggest that this underperformance is temporary, and a systematic investment approach over the next 3-6 months could be beneficial as the market regains its rhythm.
