Massive currency market intervention may not impact monetary policy independence: Report
Forex market interventions during surges in capital flows to contain the INR volatility lead to an increase in money supply or M3, which however is found to be neither inflationary nor elicit a policy rate response by the RBI, finds a research paper published by the Reserve Bank of India .
MF favourites: 8 freshly-added stocks in 15 schemes
In Tuesday’s MFs screening, we picked up stocks that are freshly added by most MFs schemes in the month of August 2022 as compared to the previous month. We considered only stocks which are freshly added by over 15 MFs schemes in the month of August (Data Source ACE MF). For investors, it is always […]
India’s formal sector employment jumps by 0.4 million in January-March quarter
As per the survey (QES), which is fourth in series of the revamped survey released last year, manufacturing employed 12.25 million workers followed by 6.9 million in the education sector, 3.8 million in IT/BPOs and 3.3 million in the health sector. These four sectors constituted 83% of the total estimated workers in the nine sectors.
Tech View: Is range-bound Nifty scary? What investors should do on Wednesday
“Nifty formed a Bearish candle on the daily scale and has been making lower highs – lower lows from the last five trading sessions. Now, till it remains below 17,166 zones, weakness may be seen towards 16,800 and 16,666 zones whereas hurdles are placed at 17,166 and 17,250 zones,” said Chandan Taparia of Motilal Oswal […]
Kotak Realty Fund invests $200 million in Embassy REIT through block deal
Alternate assets investment major Kotak Investment Advisors has invested the money from its 12th real estate fund that has recently raised over $590 million and counts sovereign wealth fund Abu Dhabi Investment Authority (ADIA) as a key partner.
Multibagger smallcap rallies 6% as board approves 1:1 bonus share issue
“The bonus issue of equity shares in the proportion of 1 equity share of Rs 10 each for every 1 share of Rs 10 each held by the shareholders of the company as on the record date to be fixed by the board, subject to the approval of shareholders through postal ballot”, said the company […]
Why should people begrudge an industry or a company making profits? Tata Steel’s TV Narendran asks
“India should be a big producer of steel, India should be a big exporter of steel. Steel investments happen in some of the poorest parts of the country. We are blessed with iron ore. So this is the classic opportunity to make in India, for India and for the world. So the imposition of export […]
Malaise in market will last longer if investors behave like it’s the 70s: Aswath Damodaran
Damodaran said since 2008, it has become fashionable to attribute all movements in interest rates to Fed action or inaction, and as a consequence, we have lost sight of the fundamentals that determine interest rates. The most critical fundamental, and the one that best explains big movements in rates, over time, is expected inflation.
HDFC Sec bullish on this debutant but target suggests it may not reclaim IPO price
AGS Transact Technologies (AGS) is the second-largest ATM outsourcing and cash management player in India. It sustained the impact of COVID-19, supported by its strong relationship with top Indian banks.
Hot Stocks: Brokerages on Maruti Suzuki, Axis Bank, Paytm and SBI Card
Consensus estimates are too bullish on market share gains, CLSA added. The global investment bank sees market share gain to be difficult, given an increase in the competition.