Banks Gain As RBI Grants Breather Ahead Of Monetary Policy Decision

RBI Pause on Interest Rate Hike May Last Only Till December

Gold Silver Reports (GSR) – Banks Gain As RBI Grants Breather Ahead Of RBI Monetary Policy Decision — Shares of private and government-owned lenders were trading higher after the Reserve Bank of India provided relief to lenders by allowing them to reduce provisioning on NCLT accounts for March quarter ahead of the monetary policy decision.                                            

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Asia Stocks Gain After U.S. Rebound on Trade Hopes

Gold Silver Reports (GSR) – Japanese and South Korean shares led gains in the region and Australian equities advanced, with markets in China and Hong Kong closed Thursday for holidays. The S&P 500 Index swung from a loss to close up 1.2 percent, and 10-year Treasury yields turned higher, after traders’ optimism grew that the U.S. and China will step back from the brink of a trade war. Representatives from China and the U.S. left the door open for a negotiated solution to avoid tariff proposals that wouldn’t take effect for months.

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The Dow Stages Best Comeback in 8 Weeks as Dow Stock Market Recovers

Gold Silver Reports (GSR) – The Dow Stages Best Comeback in 8 Weeks as Dow Stock Market Recovers — The Dow Jones Industrial Average DJIA, +0.96% mounted its best rebound from an intraday low in about eight weeks, according to Dow Stock Market Data. The blue-chip gauge had been down intraday by as many as 510 points, or 2.1%, but closed up 1%, or about 230 points, at 24,264, representing the best turnaround from a low on an intraday basis since Feb. 6.                                     

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ICICI Securities Slips 16.3% Below IPO Price On Stock Market Debut

Ashok Leyland stock crash

Gold Silver Reports (GSR) – ICICI Securities Slips 16.3% Below IPO Price On Stock Market Debut — The country’s largest broker had reduced its initial public offering size to Rs 3,500 crore from the initial planned Rs 4,017 crore after shares set aside for high net-worth and retail investors received an underwhelming response.                                              

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