Indian benchmark indices closed higher, fueled by auto, bank, and pharma stocks, while investors await the Fed's policy decision amid expectations of a rate cut. Corporate actions, including dividends and stock splits, are lined up, and several IPOs are set to hit the market. FII/DII activity, technical factors, rupee movement, and crude oil prices will also influence market direction.
The Federal Aviation Administration is seeking $3.1 million in fines from Boeing over safety violations, including ones related to an Alaska Airlines jetliner losing a door plug panel on its fuselage in midflight.
Donald Trump's tariff policy faces a legal challenge that could impact US finances. Court decision may lead to large refunds. Treasury Secretary Scott Bessent remains confident of a favourable ruling. Economists highlight the importance of tariff revenue in managing the budget deficit. Businesses express concerns over fluctuating duties.
President Donald Trump said Saturday he believes the Russia-Ukraine war would end if all NATO countries stopped buying oil from Russia and placed tariffs on China of 50% to 100% for its purchases of Russian petroleum.
The latest development builds on the PBOCs initiative to simplify procedures for cross-border trade in gold by reducing paperwork and speeding up imports.
