Rupee outperforms EM Asia peers even as it approaches record low
A reserves stockpile of $600 billion, more than $16 billion worth of foreign inflows for stocks this year and economic growth forecast at 6.5% are among the reasons behind the optimism for Neuberger Berman Singapore and Columbia Threadneedle Investments.
What changed for market while you were sleeping
Option data suggests a broader trading range in between 19000 to 19600 zones while an immediate trading range in between 19100 to 19500 zones.
Stocks in news: Jio Financial, Titan, SJS Enterprises, PNB Housing Finance, M&M
Marquee investor Ashish Kacholia sold part of his stake in aesthetic solutions provider SJS Enterprises for Rs 11.6 crore through the open market on Friday.
Jio Financial listing: Ambanis to hand over $20 billion beast to RIL shareholders today
On both BSE and NSE, the stock with the symbol of JIOFIN will trade in the T Group segment for the first 10 days. The upper and lower circuit limit would be restricted to 5% which will restrict any major movement in the debutant.
Custodians pitch ownership factor for FPI disclosures
According to the recommendations of a consultation paper, which are soon expected to be transformed into regulations by the Securities and Exchange Board of India (Sebi), a foreign portfolio investor (FPI) which deploys 50% or more of its money in the stocks of a single corporate group will have to reveal the ultimate beneficial owners […]
India story is good, but the market is also well-priced: Raamdeo Agrawal
A healthy correction is on. Right now, market trends are a lot dependent on the trends in FII behaviour. When FIIs were buying continuously for 15-20 days last month, it took the Nifty to nearly 20,000.
Nifty could weaken more, support at 19,250: Analysts
Till Nifty holds below 19,420 zone, overall weakness could be seen towards 19,100 and 18,888 zones, whereas the hurdles are placed at 19,420 and then 19,560 zones.
Corporate NPA addition slows, loan recoveries may have peaked
Recoveries for all large banks were lower than a year ago and down from what they were in March. For example, State Bank of India’s (SBI) recoveries and upgrades were at Rs 3,607 crore in June 2023 down from Rs 5,208 crore a year ago and Rs 4,200 crore reported in March 2023. The trend […]
Universal banking on Ujjivan radar after reverse merger: Ittira Davis, MD & CEO, Ujjivan Small Finance Bank
The lender is now focusing on gaining scale by expanding product basket, adding more branches and growing manpower by about a fourth, managing director Ittira Davis told.
OIS rate surge hints tighter monetary policy’s here to stay
Overnight indexed swaps (OIS) are fixed-income derivatives that signal the future course of interest rates and are the principal tool for hedging interest rate risk in India.