How strong dollar, high rates make it tough for emerging markets
“The largest emerging market which is China, is having a very poor year. And so out with China, we have seen a little bit of strength in some of the largecap tech stocks in Taiwan and Korea. India has proved to be a bit more resilient. But it is not a strong environment for emerging […]
10-year yields hit 16-year peak as Fed seen higher for longer
The U.S. central bank held interest rates steady, as was widely expected, and said that its benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50%-5.75% range
RBI proposes changes in wilful defaulter norms
The Reserve Bank of India has also proposed a review and finalisation on wilful default aspects within six months of an account being classified as a non-performing asset.
Tech View: Nifty indicators blink sell. What traders should do on Friday
The next important support to be watched is around 19,550 levels, which is a weekly 10-period EMA. Minor upside bounce is to be expected from the supports, but the said bounce could be a sell-on-rise opportunity, said Nagaraj Shetti of HDFC Securities.
Bank of England holds rates after 14 straight hikes on cooler-than-expected inflation
A day after a surprise slowing in Britain’s fast pace of price growth, the BoE’s Monetary Policy Committee voted by a narrow margin of 5-4 to keep Bank Rate at 5.25%. It was the first time since December 2021 that the BoE did not increase borrowing costs.
SJVN OFS gets overwhelming response from non-retail investors, issue subscribed 139%
Shares of the public sector company plunged 11% to Rs 72.75 on the National Stock Exchange. Traded volumes of about 100 million shares, was nearly five times higher than the six-month average traded volumes.
Chart Check: What is RSI signaling for Info Edge which is down by about 10% from August 2023 highs?
Short-to-medium-term traders with high-risk profiles can look to accumulate the stock for a possible retest of August highs and it could well top 5000 levels in the next 3-4 months, suggest experts.
Fed may have to hike more to fight sticky inflation, says Jamie Dimon
The US Fed has spent much of the last 18 months fighting historic levels of inflation, which has decelerated in recent months. The central bank was “a day late and a dollar short” in beginning to raise rates and the rapid increases over the last 18 months were just “catching up,” Dimon said.
Sebi firms ‘corporate group’ definition amid offshore funds scrutiny
SEBI’s latest communication further says that if a company’s promoter, or promoter group, is also a major shareholder in another company, then that other company will be considered part of the same group, a person familiar with the matter said, declining to be named as he is not authorised to speak to the media.
9 PSU stocks with high dividend yields for your portfolio
Here are 9 PSU stocks that paid the highest dividend yields in the past 12 months.