CreditAccess Grameen’s NCD tranche II to open on August 24, coupon rate up to 9.70%
According to the exchange filing, the company will launch seven such series with tenure of 24 months for Series I & II; 33 months for Series III & IV; 50 months for Series V & VI and 60 months for Series VI & VII.
Gold likely to remain muted ahead of Powell’s Jackson Hole address, this Friday
This surge in yields increases the opportunity cost associated with holding the non-yielding gold, leading to reduced investment activity. Notably, the steeper increase in the long-term rates of the yield curve compared to shorter-term rates primarily stems from a stronger economy rather than the anticipation of further rate hikes.
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Can China’s slowdown be beneficial for Indian markets? Ajay Bagga answers
It is a strategy setting kind of a seminar. Last year if you remember the markets were quite optimistic going into Jackson Hole but the Fed chair’s speech was very hawkish and we had seen a major selloff post his speech because markets were very surprised by his hawkishness.
CreditAccess Grameen to raise up to Rs 1000 crore via NCDs
The lender will be offering 9.1% interest rate on bonds with 24 months maturity while the rate will be higher at 9.7% for 60 months. The issue will open on August 24 and will remain open for subscription till September 6.
What should traders do with gold as bears tighten grip?
Gold has been losing its appeal as a safe haven on inflationary fears and continuance of a higher interest rate regime in the US for much longer than anticipated, commodity and currency expert Anuj Gutpa said. This is strengthening the dollar index while raising bond yields, he said, expecting gold and silver to trade sideways […]
3 top stock recommendations from Rajesh Palviya
Nifty is approaching its next critical support area of 19,200. If we look at the overall call put concentration so 19,200 is having now major put writing activity. So, if at all Nifty breaks below 19,200, then this fall may extend further and then possibly Nifty can slide towards 19,000 level also.
PSU Bank Stocks! SBI, Bank of Baroda among 7 banks with high NPAs in Q1
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Aamar Deo of Angel One decodes Nifty mood, Adani Power and Nykaa strategy for next week
Technically, the markets needed a correction, and it appears that in the upcoming week, the support zone between 19,100 and 19,200 would be important to watch out for Nifty. A zone of resistance would continue to exist between 19,500 and 19,600 on the upswing. Being ready for a turbulent trading week, especially with the technical […]
Out of Favour! Tech Mahindra among 5 stocks to see over 5% EPS downgrades post Q1 show
Five Nifty companies saw earnings per share (EPS) downgrades of over 5% for FY24 following their Q1 earnings. EPS is an important financial measure, which indicates the profitability of a company. It is calculated by dividing the company’s net income by its total number of outstanding shares. It is a tool that market participants use […]