Morning Cuppa- 6th May, 2025

Morning Cuppa, 6th May, 2025

• Japan’s Sumitomo Mitsui has got the approval of RBI for acquiring 51% stake in Yes bank.
• Adani Group is reportedly in talks with officials of Trump administration for dropping the bribery cases against it.
• HCL’s profit after tax in March quarter up by 25%.

Debt Market

• MTNL defaults on Rs. 6,109.6 crore interest payment; government guarantee may be invoked.
• BOB cuts home loan interest rate by 40 basis points to 8%.

Currency

• Rupee at 84.26/ USD.
• Dollar index (DXY) down by 0.21% to 99.82.

Commodities

• Brent crude down by 1.7% to $60.23 per barrel.
• Gold price up by 2.9% to $3,334.19/oz

Global markets

• US markets ended the day in red yesterday.
• Global manufacturing PMI contracts to 49.8 in April.