US stocks traded near record highs in a quiet session ahead of Christmas. Dynavax Technologies saw a significant surge on acquisition news. Global markets showed mixed movements, while gold and silver continued their upward trend. The US dollar weakened against the yen.
The National Highways Authority of India (NHAI) has received Sebi’s approval to register Raajmarg Infra Investment Trust (RIIT) as a Public Infrastructure Investment Trust (InvIT).
Indian Railway Finance Corporation (IRFC) has provided a Rs 9,821 crore loan to DFCCIL to refinance its World Bank foreign currency debt for the Eastern Dedicated Freight Corridor. This rupee-denominated loan aims to reduce exchange rate volatility for DFCCIL and highlights domestic institutions’ capacity for large infrastructure projects.
US mortgage rates saw a slight dip this week, with the 30-year fixed rate now at 6.18%, offering minimal relief to homebuyers. While rates are down from last year, affordability remains a significant challenge, especially for first-time buyers. Despite some market improvements, economic uncertainty keeps many potential buyers hesitant.
Yatayat Corporation India Ltd has filed draft papers for an Initial Public Offering (IPO) to raise funds, driven by strong demand in the road freight segment. The proposed IPO includes a fresh issue and an offer for sale, with proceeds earmarked for working capital and general corporate needs.
America’s economy showed robust growth in the third quarter, exceeding expectations. President Donald Trump highlighted this as a success of his policies, including tariffs and tax cuts.
The Reserve Bank of India is injecting Rs 2 lakh crore into the banking system through government security purchases and a $10 billion dollar-rupee swap. These measures, scheduled between late December 2025 and January 2026, aim to stabilize market conditions and ensure adequate liquidity. The central bank will continue monitoring the situation closely.
Indian IT stocks, after years of underperformance, are cautiously optimistic for 2026, banking on AI to reignite growth. While past demand weakness stemmed from global economic woes and productivity gains, AI is now seen as a long-term driver.
The Competition Commission of India has greenlit Blackstone’s acquisition of up to 9.99% stake in Federal Bank via warrants, marking the US private equity giant’s entry into the private lender. Additionally, CCI approved Tata Steel’s complete takeover of Tata BlueScope Steel, consolidating its control over the joint venture.
