IGI Logo

Market Review

US:

US Markets remained closed on Thursdat Nov 27th on account of Thanksgiving.

Asia:

Asia-Pacific stocks trade mixed as Tokyo inflation runs hotter than expected.

India:

The Indian stock market benchmarks, the Sensex and the Nifty 50, ended flat after hitting their all-time highs in intraday trade on Thursday, November 27, on profit booking at higher levels. Nifty is expected to open on a flattish note and likely to witness range bound move during the day.

Global economy:

Headline inflation in Japan's capital eased to 2.7% in October from 2.8% the month before. Core inflation, which strips out prices of fresh food but includes energy prices, came in at 2.8%, slightly higher than the 2.7% expected by economists polled by Reuters. This was above the central bank's 2% target, boosting the case for a near-term rate hike

Putin breaks his silence on Ukraine peace plan, says Moscow ready for 'serious' talks. Russian President Vladimir Putin said the outlines of a draft peace plan agreed by the U.S. and Ukraine could become the basis of a future agreement to end the war.

The UK economy is now predicted to grow at a slower rate than previously expected from next year, the govt's official forecaster has said. The Office for Budget Responsibility (OBR), which maps out how the economy is set to perform based on the government's tax and spending policies, increased its growth expectations for this year, but downgraded its forecast for the following four. The OBR now predicts the economy will expand by 1.5% this year, higher than its previous estimate of 1%. However, it lowered its growth estimates to 1.4% in 2026 and 1.5% in all of the following four years.

Commodities:

Oil edged lower as investors tracked US-led efforts to end the war in Ukraine, while looking ahead to an OPEC+ gathering this weekend. Gold rebounds after surge in Fed-driven Rate cut optimism, near $4200/oz.

Currency:

The U.S. dollar headed for its steepest weekly drop in four months on Friday as investors bet on further monetary easing, amid pressure from President Trump to cut rates.

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176