
This market report highlights a surge in global markets following a dip in US core retail inflation to a four-year low. The Bank of Japan has hiked overnight rates by 25 basis points, marking a 30-year high at 0.75%. In India, the Securities Markets Code Bill has been tabled in Parliament to consolidate capital market laws. The programme also discusses reports of a potential stake sale in the Kolkata Knight Riders by the Mehta Group. Additionally, Donald Trump has reportedly prevailed on TikTok to sell its US business to a consortium including Oracle. An unidentified speaker notes, ‘Bank of Japan says economy has recovered moderately and will raise rates if economy is on track.’ The broadcast also covers Accenture’s Q1 results, showing a 6% revenue increase, and positive movements in IT and metal stocks.
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