Market observers are closely monitoring automotive sales data for early indicators as the new year begins, with a focus on FII movements and currency trends as the rupee weakens against the US dollar. Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Monday, with BSE Sensex near 78,600 and Nifty50 above 23,750, trading lower due to cautious investor sentiment amid foreign institutional investor outflows and the rupee’s decline. US markets ended lower on Friday, Asian markets opened lower, and gold prices rose due to Middle East tensions, while the Japanese yen reached five-month lows against the dollar, with foreign portfolio investors becoming net sellers.
Full Article
India and New Zealand ink defence pact
India and New Zealand signed a significant agreement to enhance their defense and security cooperation, with PM Modi raising concerns about anti-India activities in New Zealand. Both leaders discussed boosting bilateral ties in trade, defense, education, and agriculture, agreeing to prepare a roadmap for defense industry collaboration and affirming a joint stance against terrorism and extremist elements. Modi emphasized the need for strict action against perpetrators of terrorist attacks and reiterated their commitment to combatting...
Read more