Magyar Bancorp, Inc. Price & Performance (MGYR)

Indian markets extended their winning streak with the Nifty closing at 22,908, driven by a 2.6% surge in midcap stocks. Key contributors included Tata Steel and HDFC Bank, while IT stocks lagged. Investors are now focused on the U.S. Federal Reserve's policy announcement later today, which could hint at further rate cuts.1

Magyar Bancorp's shares have crossed their 200-day moving average, trading at $14.26. The bank, which recently raised its dividend to $0.06 per quarter, has shown strong financial health with a 15.25% net margin. Institutional investors have also increased their stakes, signaling confidence in its growth trajectory.23

The Bank of Japan has maintained its interest rate at 0.50%, citing cautious optimism about achieving its 2% inflation target. Governor Kazuo Ueda emphasized the Bank's readiness for further hikes if inflation stabilizes. Meanwhile, global trade tensions, fueled by U.S. tariffs, continue to influence Japan's economic outlook.4