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Global Market: Emerging Asian currencies fall as Fed hike bets rise, oil prices surge
Most emerging Asian currencies and equities fell on Monday as hawkish comments from US Fed Chair Kevin Warsh boosted bets on a possible September rate hike, strengthening the dollar and pressuring regional assets. A surge in oil prices amid escalating US-Iran tensions added to concerns for energy-importing economies.
Bitcoin slips below $80,000 after Kevin Warsh’s inflation vow
Bitcoin slipped below $80,000 after hawkish comments from Fed Chair Kevin Warsh raised concerns over interest rates and weighed on risk assets. The cryptocurrency is now trading near key support levels, with analysts watching $77,000 closely. Meanwhile, US spot Bitcoin ETFs ended a nine-session inflow streak with nearly $202 million in outflows, signalling some cooling in institutional demand.
Market wrap: Sun Pharma, Nestle India, ITC, Adani Ports top gainers and losers on Nifty and Sensex on Monday
Indian benchmark indices ended lower on Monday, with the Sensex falling 307 points and the Nifty50 declining 0.39% amid rising US bond yields, crude oil prices and renewed rate-hike concerns. Adani Enterprises and Adani Ports led the losers, while Sun Pharma and Nestle India were among the top gainers.
PM Modi meets Iran President Pezeshkian for first time since Gulf war: What was discussed
In a post on X, Modi shared pictures from the meeting and said the two leaders discussed the prevailing situation in the region. He added that India would continue to support all efforts aimed at ensuring lasting peace in the region.
Titan vs Kalyan Jewellers: Why HSBC favours both stocks amid jewellery sector growth
HSBC has picked Titan Company and Kalyan Jewellers as its preferred jewellery stocks, citing growth opportunities from daily-wear jewellery and B2B manufacturing. The brokerage has retained Buy ratings on both stocks, with target prices of Rs 5,550 and Rs 770, respectively, while highlighting key risks including gold price volatility and competition.
US-Iran war: Why Larak island, Jordan and Egypt's Banque Misr are targets in latest flare-up
In the first known flare-up in violence between Iran and the US since late July, Washington struck Larak Island in the Strait of Hormuz, followed by Iran's retaliatory strikes on US bases in Jordan. Earlier, the US moved to cut off the UAE's branches of Banque Misr from the US financial system.
Aurobindo Pharma gains over 3% as subsidiary launches generic Advair Diskus in US; stock up 41% YTD
Aurobindo Pharma shares rose sharply after its subsidiary Lannett Company launched the generic equivalent of Advair Diskus in the US. The inhalation product, available in two strengths, marks the first commercialised product from Aurobindo’s inhalation pipeline. The stock has gained 41.16% year-to-date in 2026.
India rupee hits near four-week high on equity-related flows, RBI support; logs monthly rise
The Indian rupee hit its highest level in almost four weeks against the US dollar, buoyed by fresh investments due to stock index adjustments and central bank actions. Closing the month in the green, the currency rebounded from previous losses. Additionally, foreign bank offers tied to MSCI index inflows offered support. Experts predict that the USD/INR pair may continue to weaken in the upcoming months.
Global market: European shares dip as fresh US-Iran strikes push oil, bond yields higher
European shares opened lower on Monday as renewed US-Iran military tensions pushed oil prices and bond yields higher, although the STOXX 600 remained on track for its fifth consecutive monthly gain. Energy stocks rose as Brent crude climbed above $90 a barrel, while Germany’s DAX fell ahead of key inflation data. Investors are also watching upcoming eurozone inflation and US payrolls figures for clues on interest rates.
Delhi HC appoints forensic auditor to examine Fortis-linked transactions in Daiichi case
The Delhi High Court ordered a forensic audit into complex asset transfers involving Fortis Healthcare, RHT Health Trust, and IHH Healthcare. This moves Daiichi Sankyo closer to tracing diverted funds to enforce its long-standing ₹3,500-crore arbitration award against the Singh brothers.
Systematix initiates coverage on 5 affordable housing finance stocks; sees up to 48% upside potential
Systematix Research has initiated coverage of five affordable housing finance companies with Buy ratings, seeing 28-48% upside from current levels. The brokerage expects the sector to benefit from low mortgage penetration, rising incomes and urbanisation, with most covered companies projected to deliver loan growth in the low-to-mid-20% range through FY29.
Global Market: China’s IPO boom gains momentum as AI, robotics fuel investor appetite
China’s IPO market is gaining momentum, fuelled by strong investor appetite for AI, robotics and advanced technology companies. Hong Kong and Shanghai have already raised over $54 billion through IPOs and secondary listings in 2026, while blockbuster debuts such as CXMT and Unitree highlight the enthusiasm for tech stocks.
US stock market: Bessent dismisses US bond market turmoil concerns, points to economic strength
U.S. Treasury Secretary Scott Bessent reassured markets by minimizing concerns over turbulence and debt. He emphasized that robust economic growth is boosting the country’s fiscal health. In defense of the Treasury's increased bond buyback initiative, Bessent pointed to larger international interventions as a valid reason for this approach. The expanded buyback operations are set to commence in September.
US to end work permit for spouses of H-1B visa holders? No need to panic yet — All about the buzz over H-4 EAD program
The Trump administration is considering ending employment authorisation for some spouses of H-1B visa holders. But there's no need to panic yet. Here's all you need to know what the buzz is about.
Quote of the Day: 'You will never find time for anything…' — a lesson from Charles Buxton
Charles Buxton's timeless observation offers a simple lesson about productivity: meaningful goals rarely get accomplished by waiting for free time. They require deliberate choices and space in our schedules.
