Fitch Ratings downgrades the US credit rating to AA+ from AAA due to fiscal deterioration and debt burden. The US saw a downgrade a decade ago in 2011 also when S&P Global Ratings downgraded the US credit rating to AA+, one notch below the top tier, after the debt ceiling impasse.
US treasury yield, global GDP Growth, inflation numbers, demand from China and India and outlook of the central banks are key main factors that will guide gold prices.
The demerger of Jio Financial Services from Reliance Industries will create a non-banking financial behemoth, posing a challenge to existing NBFCs. Jio Financial Services will leverage its strong parentage, access to customer data, and expected entry into various financial services sectors.
The Kolkata-based jewellery retailer listed at a 35.96 percent premium on July 14 at Rs 431 apiece. As of 12 noon, it traded at Rs 410, down about 5 percent from the listing price.
FPIs have purchased Indian shares worth nearly ₹1 lakh crore this year. While FPIs may face risks such as US rate hikes or a worsening economic outlook, analysts are generally optimistic about the Indian market and expect FPIs to continue buying Indian stocks in the coming months.