Global shares were mostly higher in muted trading Wednesday as investors awaited a slew of earnings reports to assess how companies have been affected by U.S. President Donald Trumps tariffs.
Antfin Singapore, an Ant Group affiliate will sell its entire stake in Eternal on Thursday. The sale involves 18.84 crore shares via a block deal. The floor price is set at Rs 285 per share. The deal is valued at approximately Rs 5,370 crore. This follows Antfin's recent exit from Paytm earlier this week.
Radhika Gupta, CEO of Edelweiss MF, highlighted a shift in investor risk appetite, noting that large-caps are now seen as debt-like and private markets as equity. She emphasized the growing relevance of smart passive strategies in the Nifty500 space, particularly the Multicap Momentum Quality 50 index for balanced, diversified exposure.
Former RBI Deputy Governor R. Gandhi suggests the Reserve Bank of India is adopting a cautious approach due to rising inflation and concerns about tariffs. The RBI expects inflation to remain above 4% in the coming quarters. This cautionary stance explains the decision to hold rates, reflecting the Monetary Policy Committee's readiness to act based on incoming data.
