Wednesday , 17 December 2025

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India stocks rise over central bank’s ‘rate cut announcement’

Bloomberg India’s benchmark stocks gauge rose for a third day on Monday to close on the verge of a record. Expectations that the central bank will this week announce its second interest-rate cut for 2019, and a national election that will see Prime Minister Narendra Modi reelected helped boost sentiment in a market that capped its best quarter since June …

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Bitcoin reaches 2019-high

Bloomberg Bitcoin advanced to the highest level of 2019, the latest milestone for cryptocurrencies as they claw back from a year that saw three-quarters of their market value wiped out. The biggest digital coin on Monday rose as much as 1.6 percent to $4,135.60, the top intraday level since December 24, according to weekday trading data compiled by Bloomberg. So-called …

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India’s first REIT rises on trading debut

Bloomberg India’s first real estate investment trust, the Blackstone Group LP-backed Embassy Office Parks, rose on its trading debut, in a vote of confidence for a potential new funding avenue for the nation’s cash-strapped developers. The REIT units climbed as much as 8.3 percent before closing 4.7 percent higher at 314.10 rupees in Mumbai. The benchmark S&P BSE Sensex Index …

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