Gold prices decreased in early Asian trading due to a stronger dollar and rising treasury yields. Traders are waiting for more information from the U.S. Federal Reserve's last meeting, with all eyes on the minutes being released on Wednesday. Despite progress with inflation, one official says there is still work to be done to maintain stable prices. Another has cautioned against delaying rate.

JSW Steel is in talks to acquire a 20% stake in the Blackwater coal mine in Australia, owned by Whitehaven Coal. The deal, valued at $750 million to $1 billion, could help secure coking coal supply for JSW's expansion plans. Whitehaven had announced its intention to sell a stake and other interested parties include AvidSys Group and Japanese trading houses. JSW aims to increase production capacity

The Indian stock market continued its winning streak for the fifth consecutive session on Monday, with the Sensex and Nifty 50 ending in the green. Pharma, FMCG, and consumer durable stocks were the top gainers. The Nifty 50 reached a new all-time high of 22,186.65 before closing at 22,122.25, while the Sensex closed at 72,708.16 with a gain of 0.39%.

Asian shares were pinned below 1-1/2 month highs on Tuesday as even a larger-than-expected interest rate cut in China failed to excite investors jaded at the lack of bigger stimulus measures. China's five-year loan prime rate was lowered by 25 basis points to 3.90%, bigger than the five to 15 bp cuts forecast by economists. The Shanghai Composite, however, fell 0.7% in early trade.

Reported Standalone quarterly numbers for Kumbhat Financial Services are: Net Sales at Rs 0.09 crore in December 2023 down 8.66% from Rs. 0.10 crore in December 2022. Quarterly Net Profit at Rs. 0.07 crore in December 2023 up 88.5% from Rs. 0.04 crore in December 2022. EBITDA stands at Rs. 0.08 crore in December 2023 up 100% from Rs. 0.04 crore in December 2022.

The Indian rupee depreciated against the US dollar due to a strong US currency and high crude oil prices. Negative sentiments in the stock market and foreign fund outflows also contributed to its decline. The Reserve Bank of India's decision to keep interest rates unchanged further added to the fall. The RBI also revised GDP projections for FY24 and FY25 and projected lower inflation for FY25.

Amazon announced that it is now offering delivery services in the remote village of Gajoli in Uttarakhand, becoming the first e-commerce company to do so. Delivering orders to the Maharishi Ashram at Gajoli, located 4,500 feet in the Himalayas, was previously difficult and time-consuming due to the lack of shops and delivery options in the area.

Oil prices were relatively stable in early Asian trading as tensions in the Middle East and recovering demand from China balanced each other out. The Iran-backed Houthis continued their attacks on ships, while China saw a surge in tourism revenues. However, concerns about long-term demand due to a shift towards renewable energy offset some of the potential gains.

KZ Leasing and Finance reported a significant increase in their net sales, net profit, and EBITDA for the quarter ending December 2023 compared to the same period in 2022. The company also saw an increase in their earnings per share and their stock price on the BSE. There were no exceptional items recorded, and the company's equity shares remain unchanged.

Shares of Tourism Finance Corporation of India saw a 5% increase in Tuesday's trade on the NSE, with reports of a large block deal taking place. The buyers and sellers in the deal are unknown. In the Dec quarter of FY2024, FII/FPI increased their holdings in the stock by 13.88%. The company reported strong earnings in Q3, with net interest income increasing to Rs 27.51 crore.

Market participants have been surprised by the US economy's resilience and strong labor market despite high real rates. The latest CPI print suggests progress on inflation may be slowing, causing markets to scale back rate cut expectations. The US yield curve could either shift lower or flatten depending on inflation outlook, but owning duration is a high conviction view.

Schaeffler India reported consolidated quarterly numbers for December 2023, with net sales at Rs. 1,874.55 crore (up 4.45%) and net profit at Rs. 209.61 crore (down 9.25%). EBITDA decreased to Rs. 354.30 crore. EPS has also decreased from Rs. 14.80 to Rs. 13.40. The company's shares closed at Rs. 3,011.85

BBMP cannot insist on upfront payment of 50% property tax before passing order under Section 144(15)(e) of BBMP Act, rules high court. Several notices demanding payment of arrears from Gopalan Enterprises stayed. Petitioner claims reassessment barred by limitation and questions absence of reasons. Argues principles of natural justice violated as BBMP did not grant minimum 30 days to respond.

Oil prices remained stable on Tuesday, near three-week highs, due to tensions in the Middle East and strong demand from China. Brent futures were slightly down while WTI crude fell slightly as traders prepared for the March contract to expire. Market analyst Tony Sycamore noted that trading was quiet due to the US holiday. Concerns over demand offset geopolitical tensions, with the Iran-aligned.

Aditya Birla Capital Ltd, part of the financial services segment, bounced back from its long-term moving average after hitting a 52-week high back in July 2023 and price action suggests that bulls are here to stay.Short-term traders with a high-risk profile, can look to buy the stock now or on dips for a possible target above the crucial resistance level of 200 in the next 1-2 months.