MegaMask debut at CoinAgenda with Wire Network’s support
The launch was announced at CoinAgenda, a global conference held in the Caribbean island of San Juan, Puerto Rico, between December 5 and 7
These 6 companies’ promoters reduce their pledged share; stocks surge up to 100% so far in FY23
Promoters pledge the share to raise funds for business expansion
Finbridge Expo 2022: Milan Vaishnav, Jhunjhunwala, Asmita Patel among key speakers
The two-day traders’ conference will start on December 17. It provides an opportunity to connect and interact with experts, driving investment and wealth creation for several investors.
RBI keeping a close watch on rate transmission: Governor Shaktikanta Das
The weighted average lending rates (WALRs) on fresh and outstanding rupee loans have increased by 117 bps ( one basis point is 0.01 percent) and 63 bps, respectively, over the period May to October 2022 during which the central bank raised the benchmark policy rates by 190 basis points from 4 percent to 5.9 percent.
RBI rate hike as expected but was a bit hawkish on the margin
The RBI governor also stated that Inflation has remained at or above the upper tolerance band since January 2022 and core inflation is persisting around 6%
US stocks open lower as recession worries mount
The Dow Jones Industrial Average fell 39.9 points, or 0.12%, at the open to 33556.4
Axis Bank plans to raise up to Rs12,000 cr via Tier II bonds
The fund raise will include a base issue of up to 1,000 bonds, aggregating to Rs 1000 crore , with a green-shoe option to retain oversubscription of up to 11,000 bonds, aggregating to Rs 11,000 crore
Tech View: Nifty forms small red candle on charts. What traders should do on Thursday
The index slipped below its recent consolidation on the hourly chart, suggesting a waning bullishness. The momentum oscillator is in a bearish crossover. The trend is likely to remain negative going forward; support on the lower end is pegged at 18,500/18,350. On the higher end, resistance is visible at 18,670/18,750.
RBI MPC meeting: Slowing rate hikes but unsure about the way ahead
A softer rate hike of 35 bps is justified against the backdrop of moderation in inflation despite it remaining above the upper limit of RBI’s inflation target band for 10 months in a row
RBI rate hike, hawkish stance push Sensex 216 pts down, Nifty below 18,600
Sensex ended 216 points lower while the Nifty ended below 18,600 mark.