Gold prices mired by higher rates, US CPI in focus for the coming week
The yellow metal started the week on a positive note, after the ISM Manufacturing PMI in the United States fell to 46 in June 2023, from 46.9 in May and below forecasts of 47.
Mind Over Money: This Rs 2200 cr fund manager has set a target of 10,000 steps daily to help him stay mentally and physically fit
The earlier we realize this, the better it is. To keep my mind alert and active I ensure that I spend an hour daily or so listening to music and playing with my 8-year-old son and listening to his interesting titbits of the day.
Ant to buy back shares at 70% lower valuation than at IPO
The limited partners also committed to retaining the two dividends in 2022 with Hangzhou Junhan and Hangzhou Junao to enhance the operation’s capital strength. With the regulatory clampdowns out of the way Ant can refocus on business growth and even pave way for reviving its IPO.
Stock market short sellers that helped fuel this year’s rally are finally giving up
Stocks fell in the holiday-shortened week as solid data on the labor market and services activity rekindled concern the Fed will keep raising rates to tame inflation. Treasury yields hit fresh highs. All major equity benchmarks were in the red with the S&P 500 sliding 1.2%.
20 BSE500 stocks delivered double-digit weekly returns as markets turn wary of heights
Macro data, with the manufacturing PMI expanding to 57.8, indicated sustained demand and boosted investors confidence. Additionally, provisional business numbers from banks, automakers, and real estate companies bolstered sentiments, while FIIs provided additional support to the domestic market during the said week.
Bank borrowings jump to 8-month high in mid-June
In the week ended June 16, bank borrowings were at Rs 5.05 lakh crore, the highest sum since the fortnight ended October 21, Reserve Bank of India data showed. The figures for the week ended June 16 marked the first time since early April that bank borrowings topped the Rs 5 lakh crore mark.
Banks, financial services have drawn 40% of FPI money since March
The other two sectors where FPIs bought maximum shares include auto and auto ancillaries and capital goods, where FPIs invested ₹19,500 crore and ₹12,400 crore, respectively, since March 1.
D-Street indices retreat after hitting fresh all-time highs
India’s leading equity benchmarks fell nearly 1%, their biggest single-day drop since mid-April — after briefly touching fresh all-time highs in Friday’s trading — dragged down by heavyweight financials, technology, consumer staples and utilities.
Soaring tomato prices may sour RBI’s inflation forecast
Rising tomato prices in India could threaten the Reserve Bank’s headline inflation forecast, according to research by its Development Research Group. The study recommended better supply-chain management to ensure price stability. While tomato, onion and potato comprise only a small portion of the Consumer Price Index basket, they are responsible for a significant portion of […]
IdeaForge lists at 94% above its IPO price
The previous best listing was by a speciality chemical company Tatva Chintan Pharma on July 29, 2021, which listed at a 95% premium over its issue price.