Daily Market Wrap — Friday, 2025-11-21
South Africa’s Reserve Bank cut the repo rate by 25 bps to 6.75%, citing an improved inflation outlook and better jobs data. The move should ease borrowing costs and could support spending into year‑end.
U.S. equity funds registered a fifth straight week of inflows on the back of strong third‑quarter earnings, even as investors stayed mindful of elevated tech valuations.
Tata Consultancy Services and TPG announced a joint venture to invest roughly ₹18,000 crore in HyperVault AI Data Centre Ltd, targeting AI and sovereign data‑centre capacity across India.
The Federal Reserve Bank of Cleveland’s President warned that cutting rates too soon could threaten financial stability, keeping the policy tone cautious despite market hopes for easier conditions.
India’s Enforcement Directorate said it had provisionally attached assets worth about ₹1,452 crore linked to entities associated with Anil Ambani’s Reliance Group, underscoring continued regulatory scrutiny of large corporates.
Our take: South Africa’s cut offers consumer relief and a local growth nudge; U.S. fund flows signal resilient risk appetite; and India’s AI build‑out points to enduring infrastructure demand. Balanced against that is a cautious Fed tone and firm regulatory oversight—arguing for steady position sizes and a tilt to quality over momentum.