M&M off-roading into RBL may dilute its core appeal for Street
Favourable analyst re-rating, anchored in the ‘core’ focus at M&M, had helped the stock gain 93% in the past two years, compared with a 20% climb for the Nifty 50 over the same period.
RBI likely to hold rates, talk tough on managing price rise
According to an ET Poll of 15 respondents, at the end of its August 8-10 meeting, the RBI’s Monetary Policy Committee is seen keeping the repo rate unchanged at 6.50% and maintaining its prevailing stance of withdrawal of accommodation.
It’s tomatoes & onions on MPC’s plate
Since the last Monetary Policy Committee meeting in June, facts have changed thick and fast. Do the economists on the MPC take a leaf out of Keynes or latch on to central bankers’ catchphrase during uncertain times – ‘data dependent’?
EM stocks are having a moment as growth bets return
It all points to evidence that local-currency bonds, which have been the standout trade in emerging markets this year, are now facing tougher competition from stocks. While investors including Bank Julius Baer & Co. and Brazil’s Legacy Capital argue that there’s still money to be made in debt markets, bigger gains will come from stocks.
US treasury market tops record $25-trillion mark in July
The combined total amount of Treasury bills, notes and bonds outstanding increased by about 1% during July to a record $25.137 trillion, according to data released Friday. It’s poised to continue to mount.
FPIs put over $5 billion in Indian equities for a third month
The MSCI World index has recorded 16.2% year to date return which is the best since 2009. Indian equities added $0.6 trillion of the market capitalization since the beginning of March 2023 while the world’s market capitalization expanded by $8.9 trillion. It means India contributed about 7.2% to the incremental global market capitalization while its […]