India 10-year bond a good bet for long position: Morgan Stanley
Morgan Stanley expects rupee to perform relatively well in the region, outperforming other low-yielding global currencies, while it expects the 10-year bond yield to drop by 25 basis points.
Big Movers on D-St: What should investors do with Adani Enterprises, EIH and BEL?
Stocks that were in focus include Adani Enterprises which rose nearly 4 per cent, EIH which rallied nearly 18 per cent, and Bharat Electronics which hit a fresh 52-week high. Here’s what Santosh Meena, Head of Research, Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today:
Nifty may trade in a range, time to buy on dips
India VIX spiked 7% last week and hovered near 19-20 zones, which is not giving much comfort to the bulls and it needs to hold below 18 zones for a smother market rally. Investors can continue with their existing long positions. Stock-specific action will continue.
FPIs’ addition of shorts in index futures could check Nifty’s upside
Nifty current month’s futures closed with a premium of 23.3 on Friday against a premium of 118.1 points to its spot in the previous week. Next month’s future is trading at a premium of 78.65 points.
Sebi probes MFs owned by banks amid allegations of mis-selling
Most domestic banks such as SBI, ICICI, HDFC, Axis, Kotak, Bank of Baroda and Union among others own mutual funds or have majority stakes in these asset managers. The extent to which these banks sell products of their subsidiary mutual funds vary from 25% to over 95%, according to industry estimates.
India’s consumption uptick brings back FPI money in August
Fortnightly inflows have been consistently increasing for the third time in a row with the second half of August having an inflow of $3.7 billion. India has been a big beneficiary of foreign fund inflows to the South Asian region. In the current quarter to date, Asia’s third-largest economy received inflows of $7.5 billion, Bloomberg […]
Oil prices climb more than $1/bbl ahead of OPEC+ meeting
Oil prices have fallen in the past three consecutive months, after touching multi-year highs in March, on concerns that interest rate hikes and COVID-19 curbs in parts of China, the world’s top crude importer, may slow global economic growth and cool oil demand.