In four trading sessions, Foreign Portfolio Investors (FPIs) offloaded Indian equities worth ₹20,000 crore as US bond yields climbed on expectations of the US Fed maintaining a tighter monetary policy, driven by a surge in March inflation figures and robust retail sales data.
Deveya Gaglani, Research Analyst - Commodities, Axis Securities, said, "Gold prices ventured into unchartered territory above the Rs 70,000 level for the first time in history. Prices made a new lifetime high of Rs 70699 after the NFP data print from the USA."
Geopolitical tensions drive Brent crude prices over USD 80/barrel. US targets Iranian proxies, Houthi attacks in Red Sea raise supply disruption concerns. OPEC+ production falls short of pledged cuts. Global demand to increase marginally in 2024, mainly from emerging markets.
Export-led growth will be impacted by geo-political tensions and the global situation. Pramod Kumar Mishra, principal secretary to Prime Minister Narendra Modi, discusses the challenges and emphasizes the need to lower logistics costs and improve product quality to sustain and expand the market.
Just days after the unprecedented attack by Hamas on Israel, Zscaler CISO Sam Curry discusses the intertwined nature of cyber warfare and physical conflicts and how