Market News

RBI Governor: Fintechs Must Treat Data as Fiduciary Duty, Not Asset

Reserve Bank of India Governor Sanjay Malhotra has emphasized that fintech companies must adopt a fiduciary approach to customer data, treating it as a trustee responsibility rather than a profit-generating business asset. The directive highlights regulatory expectations around data protection, consent management, and the critical role of operational resilience in maintaining financial system stability.

US bond yields hit multi-year highs amid oil surge and rate hike bets

US Treasury yields reached multiyear highs as oil price increases reignited inflation concerns and strengthened expectations for Federal Reserve rate increases. The 10-year yield approached 5%, pressured further by rising government debt supply and fiscal concerns ahead of key inflation data.

Oil Surges 5% as Tanker Attacks Stir Supply Disruption Fears

Oil prices jumped 5% with Brent crude reaching $106.60 and US crude (WTI) crossing $100 a barrel, driven by escalating US-Iran tensions and attacks on tankers that have raised concerns about potential supply interruptions. The rally reflects a combination of geopolitical risks, rising Chinese demand, and tighter OPEC output levels keeping markets on edge for further supply shocks.

Hotter US Producer Prices Boost Fed Rate Hike Bets to 70%

US producer prices have risen, prompting traders to price in a 70 percent probability of a quarter-point rate increase from the Federal Reserve at its next meeting. Upcoming consumer inflation data and geopolitical tensions in the Middle East are expected to further shape the central bank's monetary policy trajectory.

SBI Chief Says $127B FCNR Inflow Won't Spark Lending Surge

State Bank of India Chairman CS Setty stated that $127 billion in foreign currency non-resident deposits will be absorbed gradually over coming months, addressing concerns about sudden lending pressure. The inflows, attracted by the central bank's swap facility, represent significant capital but will not trigger an immediate surge in lending activity.

Indian Markets Rally on Buying Interest Despite Global Headwinds

Indian stock indices Sensex and Nifty reversed intraday losses during Friday's closing auction, ending higher and snapping a three-session decline. The recovery occurred amid crude oil trading above $102 per barrel, weak global cues, and elevated yields, though cautious sentiment persisted as Nifty formed a hammer candlestick pattern indicating potential support.

Coinbase CEO Armstrong Says Bitcoin Could Hit $400,000 by 2030

Coinbase CEO Brian Armstrong has predicted that Bitcoin could reach $400,000 by 2030, asserting that the cryptocurrency has found its market bottom after a prolonged downturn. According to Armstrong's outlook, upcoming halving events and regulatory developments are expected to support future price appreciation despite continued market volatility.

Copper Falls as White House Reconsiders Tariff Plan

Copper prices declined following reports that the White House is reconsidering its tariff plans, citing concerns about rising manufacturing costs. The selloff was evident across major trading venues, with three-month copper on the London Metal Exchange dropping substantially from recent highs and COMEX futures also declining.

ECB Raises Interest Rates Amid Iran Conflict and Inflation Concerns

The European Central Bank has raised interest rates in response to mounting inflation pressures, with geopolitical tensions involving Iran cited as a contributing factor to price concerns. The rate increase reflects the ECB's efforts to combat inflation in the eurozone economy.

American Eagle shares tumble on flat margin guidance, brand weakness

American Eagle Outfitters' stock declined sharply after the company projected stagnant gross margins for the coming quarter amid sluggish demand and excess inventory. While the Aerie brand showed strength, it was insufficient to offset persistent challenges in the core American Eagle label.

Finolex Cables, Jindal Saw, Emmvee Among Friday Stock Picks

Indian market analysts recommended three stocks—Finolex Cables, Jindal Saw, and Emmvee Photovoltaic Power—for Friday trading, citing bullish technical setups amid volatile market conditions driven by crude oil prices, rupee weakness, and rising bond yields. The recommendations came on an expiry day when multiple macroeconomic headwinds pressured overall sentiment.

RBI to Conduct 26-Day VRRR Auction to Absorb Rs 5 Lakh Crore Surplus

The Reserve Bank of India announced a 26-day Variable Rate Reverse Repo (VRRR) auction scheduled for Friday, designed to withdraw Rs 5 lakh crore from the inter-bank market. The operation addresses persistent surplus liquidity in the financial system driven by foreign investments.

Online Bond Platforms Push for Retail Investor Protection Fund

Providers of online bond platforms are advocating for a new investor protection fund to safeguard retail bond investors and boost confidence in corporate bonds. The proposed initiative would feature a universal premium structure tied to issuer credit risk.

Brooks Automation Files Confidentially for US IPO

Brooks Automation has confidentially filed for a U.S. initial public offering, signaling potential market activity as the company seeks to return to public markets. The automation and contamination-control solutions provider divested its semiconductor business for $3 billion in 2021 and could list in September, though pricing details remain undisclosed.

US Producer Inflation Exceeds Forecasts on Diesel Price Surge

US wholesale inflation in August exceeded expectations, primarily driven by higher energy costs including diesel, gasoline, jet fuel, and heating oil amid geopolitical tensions. The broader inflation reading signals potential pressure on producer-level prices that could have downstream effects on consumer costs.

US Stocks Open Lower on Hot Producer Inflation Data

US stock indices opened lower on Thursday following stronger-than-expected August producer price data, which heightened expectations of a potential Federal Reserve rate hike this month. Rising Middle East tensions also pressured markets, pushing oil prices above $100 per barrel and amplifying inflation concerns.

Citi launches eFPI to streamline foreign investor registration in India

Citi has introduced eFPI@Citi, a digital platform designed to reduce foreign portfolio investor registration time in India to five business days. The solution aims to simplify the onboarding process and accelerate market access as global investor demand for Indian capital markets increases.

Canara Bank to raise Rs 4,500 crore via AT-1 bonds next week

Canara Bank plans to issue Basel III-compliant Additional Tier-1 (AT-1) bonds worth up to Rs 4,500 crore next week at an expected coupon of 7.85%-7.90%. The bond offering forms part of the bank's broader Rs 8,500 crore capital-raising strategy for the fiscal year.

Sebi Launches Demat 2.0 Pilot for Tokenised Corporate Bonds

India's Securities and Exchange Board (Sebi) has initiated a Demat 2.0 pilot programme enabling tokenised corporate bonds settled via distributed ledger technology and wholesale e-rupee. Three major entities—REC, L&T, and IIFL—have already raised Rs 1,025 crore under this framework, with subsequent phases planned to introduce secondary market trading and retail investor participation.

Welspun Corp leads smallcap rally with 51% monthly surge

Six stocks in India's BSE 250 Small-cap Index reached 52-week highs as the Sensex closed up 138 points at 74,902, with Welspun Corp posting a 51% monthly gain. The broad-based rally in small-cap stocks signals renewed investor interest in higher-risk segments of the Indian equity market.