RECENT PRICE HIKES
India's October retail inflation quickens to 6.09% to breach RBI's tolerance ceiling
India's retail inflation accelerated to 6.09% in October, largely driven by rising food prices and supply disruptions. Food inflation significantly contributed to overall price increases, affecting household staples like onions and proteins. Economists noted concerns about potential double-digit inflation for various food categories amid global price pressures. The Reserve Bank of India expects average inflation for the financial year to be around 5.2%.
Amul milk, Cigarettes, Surf Excel: From dairy to detergent, check what has become costlier and how much more you will pay after price hikes
Milk, ghee, butter, curd, detergents, soap and cigarettes have become costlier following a series of price revisions in the last two months. Amul, Mother Dairy and Nandini have raised dairy prices, while HUL has revised rates of Surf Excel, Rin and Wheel products. ITC has increased Gold Flake Premium prices, and commercial LPG rates have risen for two consecutive months. Here is a product-wise breakdown of the old and new prices, the amount of each increase and when the revisions took effect.
Sensex erases all Middle East war losses but is it too soon to forget the Hormuz factor?
Sensex and Nifty have recovered all their losses since the Middle East war began, driven by record FII buying, easing crude prices and strong Q2 earnings. But with the Strait of Hormuz remaining a key risk to global oil supplies, can Dalal Street sustain its recovery or is another setback looming?
BOJ policymaker Asada cautions against premature rate hikes, warns of growth risks
A Bank of Japan policymaker has urged caution on further interest rate hikes, warning that premature monetary tightening could hurt economic growth and weaken underlying inflation. Toichiro Asada said subdued domestic demand and a lack of momentum in consumer spending warrant a careful approach to policy adjustments.
Rs 80,000 crore FII buying sparks explosive rally on Dalal Street. Will RBI rate hike worries kill the party?
The Sensex has staged a sharp 9,000-point rally since late October, crossing 82,000 for the first time since February, before the US-Iran conflict erupted. The rebound has been fuelled by a strong return of foreign investors, who have bought nearly Rs 69,000 crore worth of Indian equities in November so far and around Rs 80,000 crore since mid-October.
Gold prices drop below Rs 1.4 lakh/10g, silver jumps by Rs 2,300/kg on MCX on firm dollar, Fed rate hike bets. Check rates in your city
Gold and silver prices declined as a stronger dollar and rising expectations of a Federal Reserve rate hike weighed on bullion. Hotter-than-expected US inflation and hawkish Fed signals have increased pressure on precious metals, keeping investors cautious about the near-term outlook.
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Bitcoin price today: Why BTC USD fell near $73,000 after US CPI report and could it crash to $70,000 next?
Bitcoin price today after CPI report: BTC USD slipped towards $73,000 after hotter-than-expected US inflation data revived fears of a bigger Federal Reserve rate hike in December. With Bitcoin funds seeing billions of dollars in withdrawals, traders are watching whether BTC can hold $73,000 or face another decline towards $70,000.
Reverse AI trade drives foreign inflows back to India but rising US inflation poses challenge: Ajay Bagga
Foreign investors are returning to Indian equity markets as global funds shift away from the artificial intelligence infrastructure trade in markets such as the US, Japan, South Korea and Taiwan, while India's relatively attractive valuations and falling crude oil prices are improving its investment appeal, banking and market expert Ajay Bagga said.
Fed's Bowman flags persistent inflation, expects price pressure to ease next year
Fed Vice Chair Michelle Bowman flagged persistent US inflation but stopped short of calling for further rate hikes. She expects core PCE inflation to ease next year as AI-related demand pressures and geopolitical shocks fade, while highlighting risks to the economic outlook.
China stocks edge lower, Hong Kong shares fall as global rate concerns weigh
Chinese mainland stocks edged lower while Hong Kong equities fell as investors assessed rising global bond yields, stronger US inflation and uncertainty in oil markets. Technology stocks showed resilience, with the ChiNext index gaining 1% and the CSI 5G Communications Index rising 3%.
Gold prices near Rs 1.45 lakh/10g, silver jumps Rs 2,900/kg on MCX despite rising Fed rate hike bets. Check rates in your city
Gold and silver recovered modestly after a sharp previous-session decline, but hotter US inflation data fuelled expectations of a December Fed rate hike. Investors also tracked international bullion prices, geopolitical developments and retail gold rates across major Indian cities.
Chinese yuan remains range-bound as US rate hike bets strengthen dollar
The Chinese yuan edged higher but remained range-bound as a weaker PBOC midpoint and expectations of further US rate hikes limited gains. Strong export data and a sizeable trade surplus, however, continue to support the currency's longer-term outlook.
Gold holds near one-week low as hot US inflation boosts Fed hike bets
Gold prices rose 0.2% to $4,039.07 per ounce in early Asian trade on Wednesday. This increase followed a nearly 3% decline in the previous session due to US inflation data. The data indicated stronger inflation, leading to heightened expectations of a Federal Reserve interest rate hike next month. Traders now believe there is a 100% chance of an interest rate increase in December.
US Fed's Logan calls for two more rate hikes, possibly rapidly
Dallas Fed President Lorie Logan said the central bank needs at least two more quarter-point rate increases to curb persistent inflation and prevent price pressures from becoming entrenched. She suggested policymakers could accelerate the pace of tightening this winter, beginning with the Fed’s December 8-9 meeting.
Dollar sellers hit pause for US inflation data
The trade and sentiment-sensitive Australian dollar rose by nearly 1% through Monday to sit at $0.6921 early on Tuesday and the New Zealand dollar rose even further to trade at $0.5624, with both steady in morning Asia trade.
Indian rupee breaks six-day winning streak on state banks' dollar bids
The Indian rupee snapped its six-session winning streak on Monday, November 9, as dollar purchases by state-run banks outweighed positive momentum. The currency touched a six-month high of 93.69 per dollar before closing slightly lower at 93.9275. Lower crude oil prices and foreign equity inflows provided some support.
ETMarkets Smart Talk| Higher yields offer opportunities, but investors need not rush into long-duration funds: Shriram Ramanathan
In this edition of ETMarkets Smart Talk, Shriram Ramanathan, CIO–Fixed Income at HSBC Mutual Fund, discusses the changing dynamics in India’s bond market, the outlook for interest rates and yields, and how investors should navigate the choice between debt mutual funds, fixed deposits and government securities. He also explains why liquidity and flexibility could matter more than rushing to lock into longer-duration bets in the current environment.
Consumer goods cos turn to cost cutting amid higher input prices to protect demand, revive volume growth
The cost-cutting comes amid an elevated input-price outlook flagged by several companies during recent earnings calls, due to high raw material prices, supply disruptions and freight charges. They are cutting trade investments as well as rationalising vendor networks to negotiate better rates through higher volumes.
Gold price prediction: Gold rate falls amidst big movement in oil price, inflation, check experts' opinions
Gold rate on Friday took a hit after pivotal factors like oil prices and inflation have impact on the bullion.
Eurozone bond yields set for biggest weekly fall since September as investors seek safety
Eurozone government bond yields are heading for their steepest weekly decline since late September as investors seek safe-haven assets amid a global technology selloff. Easing expectations of further ECB rate hikes have added to the decline, while Germany's 10-year yield touched a multi-month low.
JSW Dulux cautions against further price hikes as demand risks emerge
JSW Dulux, a paint manufacturer, has increased prices by 13% due to rising crude oil costs. Rajiv Rajgopal emphasized the need to balance future price hikes with consumer demand. Despite the current increases, demand for paints has remained stable thus far, though concerns persist about potential slowdowns. The company reported a 21% year-on-year volume growth in its retained business during the September quarter.
India's October consumer inflation likely nears top of RBI target on food costs: Reuters poll
India's consumer inflation is projected to rise in October, mainly driven by significant increases in food prices. Economists expect food inflation to reach 8.20%, reflecting ongoing market pressures. Rising global food prices and higher input costs contribute to the inflationary environment. The Reserve Bank of India anticipates inflation to average 5.2% for the current financial year. A rate hike is likely to occur in the central bank's upcoming policy meeting.
ETMarkets Commodity Talk| Building a 5-year portfolio? Why gold could take the largest share of your commodity allocation, Deveya Gaglani decodes
In this edition of ETMarkets Commodity Talk, Deveya Gaglani, Senior Research Analyst – Commodities at Axis Direct, shares his views on the evolving commodity landscape and the role of gold, silver and industrial metals in a diversified portfolio. He also explains why gold could form the largest component of a long-term commodity allocation, while highlighting the risks of blindly buying the dip or chasing a sharp rally.
Karnataka bus fare hike: BMTC, KSRTC, airport bus passengers to pay more from tonight, check revised fares
Karnataka has increased fares across its four state-run transport corporations, with BMTC passengers in Bengaluru facing hikes of up to Rs 10 and KSRTC fares rising by up to Rs 9. The revised rates take effect from Wednesday midnight, November 4, amid rising diesel costs. The move comes days after Nandini milk and curd prices were also increased.
Glittering Prospects: Why Gold is the ultimate sweet spot this Dhanteras
Gold is trading over 20% below its peak ahead of Dhanteras, offering long-term investors a potential staggered buying opportunity. Central-bank demand, ETF inflows and rupee weakness could support prices, with analysts projecting returns of 15–20% by next Dhanteras.
Oil slide, Treasury strength boost Indian bonds
Indian government bonds experienced an increase due to a significant decline in crude oil prices. A Democratic sweep in the US midterm elections raised hopes for peace in the Middle East. Traders responded positively, adding positions in government bonds as yields softened. Concerns about inflation risks diminished as investors anticipated a delay in interest rate hikes. Market dynamics indicate that Qatar-led mediation efforts are being monitored closely amid these developments.
ETMarkets Smart Talk| Gold, silver or copper? Tata MF fund manager suggests a 50:30:20 commodity allocation: Tapan Patel
In this edition of ETMarkets Smart Talk, we speak with Tapan Patel, Fund Manager – Commodities at Tata Asset Management, who shares his outlook on gold, silver, copper and crude oil, explains the changing dynamics driving commodity prices, and suggests a 50:30:20 allocation to gold, copper and silver, respectively, for investors looking to build a commodity portfolio for the long term.
ETMarkets Smart Talk | Bond markets have priced in nearly four rate hikes. Where should investors invest now?
In this edition of ETMarkets Smart Talk, Piyush Barawal, Director and Senior Fund Manager at WhiteOak Capital, shares his outlook on interest rates and bond yields and explains why the two- to four-year segment of the yield curve could offer an attractive opportunity.
Cement companies bet on price hikes to revive profitability in H2
Cementmakers in India are experiencing a weak first half of the fiscal year due to rising costs. They expect price increases and seasonal construction activity to improve profitability. Price stability is noted after recent increases, which may help offset costs. Cement prices have risen and are expected to stay high in the coming months. The market leaders remain optimistic about further price improvements in the near future.
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