How tailwinds for the chemical sector might impact Atul Ltd
In 2014, China’s central bank declared that credit outflows to oversupplied industries would be curtailed, including certain chemical industry segments. In June 2018, the United States announced it would apply a 25% tariff on $50 billion worth of Chinese imports over two phases. China replied by placing a similar tariff levy on US products worth […]
In fast lane! How Balkrishna Industries avoided impact of slowdown in auto segment
Balkrishna Industries has a good export presence as 83% of FY22 volumes for the company came from exports. The company has a strong presence in Europe, contributing to 51.6% of the total revenue. According to the company’s recent earnings call, the global market share of the company was about 5%-6%. In segmental sales, the agriculture […]
Is the dollar rally running out of steam? Look at the key indicators
The Relative Strength Index (RSI) of USDINR also provides us with another valuable insight. When the RSI is above 70 the chances of dollar prices reversing are high. We have witnessed this seven times in the last 10 years. Currently, the RSI of USDINR is in the overbought zone and trading above 70. This indicates […]
Rise in India VIX is a sign of topping out; 17570 could be a congestion zone next week: Anand James
Prior to this, the approach of expiry day had attracted short covering in the index futures which ensured that FIIs were left holding close to 60% of their index futures as longs, in stark contrast to just 16% as longs in mid-July.
Mind Over Money: Siddarth Bhamre highlights 5 things cycling teaches investors to keep mentally fit
I used to go cycling with them in winter, in the rainy season and it took me by storm and that is how I got into cycling. I started taking parts in different events and that’s how it all started. I love the sport.
S&P 500 ends down as jobs data rekindles rate hike fear
“This is all about the Fed. A very strong jobs report like we had puts pressure on the Fed to tighten for longer,” said Adam Sarhan, chief executive of 50 Park Investments. “The market is scared the Fed is going to overshoot again. If they tighten too sharply and too long, that’s going to cause […]
SC tells Sebi to share papers sought by Reliance
Sebi relied on these documents in its investigation against India’s most valuable company, which had moved the Supreme Court against a Bombay High Court order rejecting RIL’s bid to gain access to the records.
RBI’s repo rate hike may affect realty sales
Following the surprise hike in repo rate in May, home loan rates have already moved up from their all-time lows that have been helping key property markets surpass pre-Covid levels and witness record sales. With hardening interest rates, realtors will now have to provide offers to stimulate and maintain the momentum of demand.
RBI raises repo rate by 50 bps to tame inflation
The repo rate, at which the central bank lends to banks, was raised to 5.4% from 4.9%. All other rates, including the penal Marginal Standing Facility rate, move up by an identical margin. The six-member Monetary Policy Committee (MPC) voted unanimously to raise the rate.
Binance says does not hold stake in WazirX
“Binance does not own any shares in Zanmai Labs, the entity operating WazirX and established by the original founders,” founder and chief executive Changpeng Zhao told ET in response to queries about the ED probe.