Japan's central bank has raised interest rates to their highest in three decades, prompting global markets to reassess the yen, carry trades, and risk assets. With inflation projected to remain above the BOJ's target, further tightening is a possibility, potentially altering Japan's monetary policy and impacting global markets.
Shares of BLS International rose sharply after the Delhi High Court overturned a two-year ban imposed by the Ministry of External Affairs, allowing the company to participate in future tenders. The ruling removes restrictions that had affected tender participation, while existing contracts and financial outlook remain largely unaffected.
HDFC AMC shares declined 3.5% after a profit booking session, following a 7% rally the previous day triggered by SEBIs overhaul of mutual fund expense regulations. The new framework introduces the Base Expense Ratio (BER) and separates statutory and regulatory levies, providing greater transparency but raising questions about long-term profitability for asset managers.
Jefferies has initiated coverage on Growws parent Billionbrains Garage Ventures with a Buy rating, citing strong client growth, rapid product expansion and margin potential. The brokerage expects robust earnings growth driven by new offerings, operating leverage and a strategy similar to Robinhoods scalable, product-led model.
Recent US economic data shows inflation and jobless claims are lower than anticipated. However, a government shutdown may have skewed these figures. Experts suggest clarity on the economy will take months. Global central banks are taking different paths, impacting currencies and capital. Economic growth is expected to slow due to trade friction. Markets face uncertainty through 2026 and beyond.
