Indian equity markets ended Thursday’s session with notable losses, in sync with risk aversion across global markets. The BSE Sensex (SENSEX), comprising 30 blue-chip stocks, declined by 823.16 points, or 1%, closing at 81,691.98. During intraday trading, the index touched a low of 81,523.16, marking a deeper drop of 991.98 points or 1.20%. The broader NSE Nifty 50 $^NSEI mirrored the trend, falling by 253.20 points (-1.01%) to settle at 24,888.20.
In times of global economic instability and trade tensions, gold prices are showing impressive growth. The ongoing trade war between the US and its key partners, coupled with the weakening US dollar, has significantly influenced the price of gold. Let's explore the main factors contributing to the increase in the precious metal's value.
The Q1 earnings report from Jefferies fell short of Wall Street expectations as bond trading weakened and equity market transactions stalled amid uncertainty driven by shifts in U.S. trade policy and geopolitical upheavals. Although some transactions were successfully completed, the prevailing uncertainty has left a lasting impact on market dynamics.
Full Truck Alliance (FTA), also known in China as Manbang, is re-evaluating its plan for a secondary listing in Hong Kong. This strategic pivot comes amid recovering investor sentiment and escalating geopolitical tensions between China and the United States. Initially conceived as a dual primary listing in Hong Kong in 2022 to meet stricter audit requirements applicable to Chinese companies traded in the U.S., the plan was later abandoned. The decision followed a U.S. regulatory agency’s unprecedented full access to review the operational practices of Chinese firms, thereby mitigating the risk of approximately 200 companies being delisted from U.S. exchanges.
