Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.33%

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee opened 19 paise stronger at 84.64 against US Dollar

  • It closed at 84.83 a dollar on Wednesday

Source: Bloomberg

Ramkrishna Forgings Target Price Halved As UBS Sees Slowing CV Demand, Tariff Woes

  • Downgrade to Neutral from Buy; Cut TP to Rs 680 from Rs 1500

  • Facing challenges on multiple fronts – tariff, slowdown in CV and inventory write-off

  • Weakening global CV cycle; tariff-induced slowdowns to weigh in

  • Recent one-time inventory write-off could adversely impact projections

  • Longer-term thesis of Indian companies’ higher share of global forging remains intact

  • Medium-term factors dampen the growth and profitability outlook, warranting a wait-and-watch strategy

  • Cut FY26/27 earnings estimates 17%/23% taking into account the current scenario

India-Pakistan Conflict To Cause Short-Lived Correction As Past Instances Suggest, Jefferies Says

  • Couple of such prior incidents over the past decade have de-escalated with minimal impact on financial markets

  • An escalation cannot be ruled out, though

  • Any potential escalation would be negative for tourism and high beta stocks in particular

  • Any consequent market correction would be shortlived, in our view

Stock Market Live: Macquarie On Voltas

  • Maintain outperform with a target price of Rs 1,520

  • UCP margin surprises

  • Project business back to losses

  • Summer panning out weaker than expected

  • Believe near-term upside will be capped; Havells preferred

Gold Price Rebound As Powell Says There’s No Rush To Reduce Interest Rates 

Gold future prices rebounded in Asia session after falling 2% in the previous day as the US Federal Reserve Chair Jerome Powell said that there’s no rush to reduce interest rates in the world’s largest economy anytime soon. The central bank is in good position to wait and assess the impact of tariffs.

Gold future was trading 0.61% higher at $3,411.94 an ounce as of 8:11 a.m. The prices settled at $3,391.9 an ounce Wednesday.

Oil Price Update: Future Prices Rebound Thursday As Trump To Provide Major Update On Trade Deals 

Oil future prices rebounded sharply Thursday as US President Donald Trump said in Truth Social media that a news conference will be held to provide update about major trade deals. This development came shortly after US and China agreed to meet to negotiate trade over the weekend in Switzerland.

July future contract of brent crude was trading 0.51% higher at $61.44 a barrel as of 7:49 a.m. It settled at $61.12 a barrel on Wednesday.

Asia Market Update: Mixed As Traders Parse US Fed Decision & Await More Clarity Over US And China Trade Talks

Share indices in Asia-Pacific region were trading on a mixed note Thursday morning as traders parsed US Federal Reserve’s policy decisions, and wait for more developments in US and China trade negotiations.

US and Chinese officials will meet to negotiate trade tariffs over thee weekend in Switzerland. US President Donald Trump also announced that there’ll be a news conference to update about trade deal with major partners.

The Nikkei 225 was 0.36% higher, while S&P ASX 200 was flat as of 7:39 a.m.

US Market Update: S&P 500 Halts Two-Day Decline; Powell Express Assurance On US Economy 

US share indices ended Wednesday with gains as Federal Reserve Chair Jerome Powell expressed his assurance on US economy. According to him, the world’s largest economy remained sound. However, he sounded worried about higher inflation and unemployment.

The S&P 500 halted two-day decline with the help of chip stocks as Bloomberg reported Trump administration may rescind Biden-era restrictions on the industry.

On Wednesday, the Dow Jones Industrial Average and S&P 500 ended 0.70% and 0.43% higher, respectively. The Nasdaq Composite ended 0.27% higher.

GIFT Nifty Implies Tepid Start Amid India-Pakistan Tension; Coal India, Dabur In Focus

The GIFT Nifty was trading 0.25% higher at 24,384.00 as of 6:45 a.m., which implied 30 points higher open for the benchmark Nifty 50. Traders will continue to assess the situation between India and Pakistan.

Coal India Ltd., Dabur India Ltd., Voltas Ltd., and Mahindra Mahindra Ltd. share prices will be key monitorable in Thursday’s session as the companies released their fourth quarter results and business update.

India’s benchmark equity indices reversed a one-day decline to close higher on Wednesday. The NSE Nifty 50 closed 34.80 points, or 0.14% higher at 24,414.4, while the BSE Sensex ended 105.71 points, or 0.13% up at 80,746.78.

. Read more on Markets by NDTV Profit.The Nifty 50 and Sensex may start the day with marginal gains as traders remain wary of the situation between India and Pakistan. Track live updates on stock market here.  Read MoreMarkets, Notifications 

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