F&O Ban: BHEL, IEX among 10 stocks under ban on Wednesday
Indian frontline indices fell on Monday amid profit-selling pressure in bank, IT and metals stocks. The S&P BSE Sensex snapped its 11-session winning streak as it ended at 67,596.84, down by 241.79 points or 0.36%. The broader Nifty50 fell by 69.80 points or 0.35% to close at 20,122.55. Meanwhile, banking gauge Nifty Bank settled at […]
Big movers on D-Street: What should investors do with HAL, IOB and Raymond?
Stocks that were in focus included names like HAL, which rose 0.99%, Indian Overseas Bank, which gained 14.30%, and Raymond, whose shares declined 4.94% on Monday.
Asian stocks struggle as oil surge sets stage for hawkish Fed
Futures pricing implies almost no chance of a Fed hike at 1800 GMT, but traders, who have begun winding back bets on cuts in 2024 and will be closely focused on the U.S. central bank’s economic projections and chair Jerome Powell’s news conference.
Promoters of 100 companies collectively buy shares valued at Rs 3,600 crore
Promoters buying shares of their companies is considered positive as they are perceived to know best about their firms’ prospects. Securities and Exchange Board of India regulations permit a promoter to purchase up to 5% equity of his company in a financial year from the open market through the creeping acquisition route.
Fed to hold rates steady, but signal policy path in meeting
In June the Fed paused, but the quarterly economic projections accompanying that decision showed 12 of 18 policymakers still anticipated two more quarter-point rate increases by the end of the year.
Financial turnaround crucial for Signature Global after listing
This resulted in an increase in debt. Given these factors, investors need to wait and see how well the company takes advantage of the housing demand in the Delhi-National Capital Region to turn around operations.
RR Kabel to list today; first company to debut within 2 days of IPO closure
While Ratnaveer Precision Engineering was the first company to list under the T+3 regime, RR Kabel will become the first company to list in the T+2 timeline – the second working day after the issue closing on September 15.
Price concerns drive US 5-yr yield to highest since 2007
The five-year Treasury yield rose as much as 5.5 basis points to 4.5044%, exceeding its 2022 high and climbing to the highest since August 2007. Other Treasury tenors approached their 2023 highs, with the 10-year coming within a basis point of its Aug. 22 peak of 4.36%.
Oil’s rally gathers pace as Brent pops above $95 a barrel
Global benchmark Brent topped $95 a barrel for the first time since November. The tighter market has ignited a flurry of predictions that $100 oil could return in a roster than runs from industry heavyweights such as Chevron Corp. Chief Executive Officer Mike Wirth to traditional bears at Citigroup Inc.
Oil at $95 is changing trades across markets
Airline stocks, currencies of oil-importer nations and bond yields are just a handful of the asset classes already starting to reflect the reality of Brent at $95 a barrel. Meanwhile, strategists from Goldman Sachs Group Inc. and Barclays Plc have rolled out macro reports telling clients how to trade the energy price shock.