(Bloomberg) — Traders are piling back into a popular hedge fund strategy that bets on US Treasuries outperforming interest rate swaps. The so-called swap spread wider trade — which uses derivatives to wager that the gap between rates on interest-rate swaps and yields on Treasuries of the same maturity will grow — came under pressure…
The rally in gold and silver prices on January 23 also extended to platinum, another precious metal, as demand for non-US assets rose amid heightened global uncertainty and escalating geopolitical risks. Platinum prices surged to a record high of $2,684.43 in trade today. Meanwhile, silver and gold prices eyed psychologically important $100 and $5000 marks,…
(Bloomberg) — European stocks edged lower, heading for their biggest weekly loss in two months, as a jump in oil prices dragged airline shares lower. The Stoxx Europe 600 Index fell 0.08% as of 12:41 pm in Paris. Travel stocks dropped the most, along with economically sensitive sectors such as consumer products, construction and building…
The equity shares of One 97 Communications, the parent company of Paytm, crashed 10% on Friday, resuming its downward trend, amid heavy selling pressure. Paytm shares declined as much as 9.99% to ₹1,134.85 a piece on the BSE. Paytm stock price has fallen in four out of the last five trading sessions. The sharp fall…
Shares of Adani Group stocks came under sharp selling pressure on Friday, January 23, after reports emerged that the US Securities and Exchange Commission (SEC) is seeking court approval to move ahead with legal steps involving senior members of the conglomerate’s leadership. According to a Bloomberg report, the SEC has approached a US district judge…
Gold-silver ratio: The sharp 200% surge in silver prices over the past 12 months has not only outpaced gold’s 80% return but has also compressed the gold–silver ratio. This has led domestic brokerage Motilal Oswal Financial Services (MOSFL) to suggest that gold is better positioned for the next leg of the upmove in the precious…
Cipla Q3 Results: Pharma major Cipla posted a massive 57% year-on-year (yoy) decline in its consolidated net profit for the third quarter of the ongoing fiscal on Friday, missing estimates. The company posted a net profit of ₹675.80 crore for Q3 FY26, as against ₹1,570.51 crore in the same period last year. Revenue from operations…
A day after ending with decent gains of about half a per cent, Indian stock market benchmarks resumed their downward march on Friday, January 23, on profit booking amid persisting geopolitical uncertainties, caution ahead of the Union Budget 2026, and mixed Q3 earnings. The Sensex crashed 770 points, or 0.94%, to close at 81,537.70, while…
The equity market rout visible in the month of January has been far more prominent in the small-cap space compared with the Indian headline indices. The BSE Smallcap index has underperformed the benchmark indices, with a 9% decline on a month-to-date basis. This is more than double the 4% loss that Sensex has recorded so…
Adani stocks Crash: During the day, the total market cap of all the 10 listed companies of the group declined by about Rs 1.1 lakh crore to Rs 12.45 lakh crore… highlights Adani Group shares have once again seen a sharp decline. There was panic among investors after the news related to the legal action…
