Elara Capital believes metro demand for quick-commerce has already been entrenched, thus ruling out any significant impact of the move.
Perhaps more importantly, the firm notes that the ten-minute delivery threshold was largely optics-driven rather than a fundamental business guarantee.
Read the whole story here.
Silver hit a record high and gold rose as weaker-than-expected US inflation data supported the case for more interest rate cuts, while the geopolitical situation remained tense.
The white metal advanced as much as 2.5% to touch $89.1644 an ounce, while gold traded neared an all-time peak.
(Source: Bloomberg)
Brent crude has been gaining for 4 consecutive sessions.
From low of $60/bbl, prices moved up to $65/bbl.
But, price still 20% lower compared to 52-week high and 12% lower compared to last 6-month high prices
Why Price Uptrend?
- Geo-political issues on Iran.
- Recently, Trump cancelled meetings with Iran officials.
- With the Iranian uprising and 25% tariff threat, the outcome remains unknown.
- Iran currently accounts for 3.5% of the global crude oil production.
- Iranian oil exports are currently under US embargo.
- Note: India has stopped importing Iranian oil since 2020.
- Nifty January futures down by 0.37% to 25,780 at a premium of 48 points.
- Nifty January futures open interest up by 1.27%.
- Nifty Options on Jan 20: Maximum Call open interest at 26,000 and Maximum Put open interest at 24,500.
- Securities in ban period: SAIL, Samman Capital
- The US Dollar index is up 0.08% at 99.015.
- Euro was down 0.03% at 1.1639.
- Pound was up 0.01% at 1.3424.
- Yen was up 0.16% at 159.33.
Asian shares saw a modest gain in early trading, while Japanese stocks continued their winning streak, fueled by a weaker yen. The Nikkei 225 Stock Average rose 0.9% as the Japanese currency slipped past 159 per dollar, reaching its weakest level since July 2024, reports Bloomberg.
This surge comes amid reports of a potential snap election in Japan. Meanwhile, South Korean shares edged up, extending their winning streak to every trading day of 2026.
Good morning readers.
The GIFT Nifty was trading near 25,700 early on Wednesday. The futures contract based on the benchmark Nifty 50 fell 0.06% at 25,761 as of 6:45 a.m. indicating a negative start for the Indian markets. This comes as Asian shares post small gains.
In the previous session on Tuesday, the benchmark ended in red after it pared its opening gains. The NSE Nifty 50 ended 57.95 points or 0.22% lower at 25,732.30, while the BSE Sensex closed 250.48 points or 0.30% lower at 83,627.69.