MARKET OUTLOOK

Benchmark indices ended lower due to profit booking and investor caution ahead of the US Federal Reserve's policy announcement. A 25 basis point rate cut by the US Fed is widely expected, which follows earlier cuts of 50 basis points in September and 25 basis points in November. Fed's commentary will be critical, particularly regarding the trajectory of rate cuts in 2025. A hawkish tone could trigger a knee-jerk reaction in the markets. The Reserve Bank of India's next Monetary Policy Committee (MPC) meeting, scheduled for 5-7 February, will be significant to watch under the new Governor, Sanjay Malhotra. A Fed rate cut could ease pressure on the RBI to maintain its neutral stance and possibly pave the way for policy easing in February. US President-elect Donald Trump has set the stage for a potential trade conflict with India, threatening to impose reciprocal tariffs if the country continues to levy high taxes on American goods. Global Trade Research Initiative (GTRI) has stated that India's gold imports have surged alarmingly, posing a potential threat to its trade balance and economic stability.

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CORPORATE NEWS

• Gensol Engineering secures 22 MW Ground Mount Solar PV Project
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• Eiko Lifesciences’ arm enters into agreement with S J Logistics (India)
• Blue Cloud Softech Solutions completes AIoT Project in United States
• Power Grid Corporation gets nod to raise Rs 4,250 crore via Bonds
• Le Travenues Technology launches new feature ‘Travel Guarantee’

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