Positive Breakout: Adani Enterprises and 5 other stocks cross above their 200 DMA
Asian shares come off 11-month lows as Treasuries rally
Tracking overnight gains on Wall Street, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6%. Japan’s Nikkei climbed 1.2%.
Sebi forms panel for easing rules
The regulator said, following the budget announcement for FY24, it formed 16 working groups, under the aegis of its standing advisory committees.
Sensex falls mirroring weakness in global markets
The Sensex dropped 286 points, or 0.4%, to close at 65,226. Nifty declined 90.3 points to close at 19,438. Both indices had fallen as much as 1% earlier in the day but managed to cut losses thanks to late strength in IT stocks.
What tax filings say about India’s consumption story
Income tax filers with income above Rs 10 lakh have grown 20% between 2012 and 2021 vs 4.5% for those with less than Rs 5 lakh in income.
HDFC Bank posts strong overall deposit growth in Q2 post merger
The bank’s overall deposit growth remained strong in the second quarter of this financial year, showed performance data published at the end of the quarter. Deposits climbed 30% year-on-year to reach ₹21.7 lakh crore. On a quarterly basis, there was a 14% increase.
Now, Bloomberg Index looking to include Indian sovereign bonds
The move comes barely two weeks after JP Morgan included India in its Global Government Bond Index-Emerging Markets (GBI-EM) global index suite starting June 2024.
Bank stocks drop amid foreign selloff
“While RBI is expected to hold rates, the global factors like the rising bond yields and higher interest rates have led to negativity in the banking space,” said Andrew Holland, CEO-Avendus Capital Alternate Strategies. “The support levels for the banking index are hovering over at 42,000 levels.” The Nifty Bank index closed at 43,964.
Rush for raising funds via QIPs hints at pickup in private capex cycle
During the first-half of FY24, 20 companies have together raised ₹18,500 crore through QIPs, while another dozen have already announced plans to raise up to ₹25,000 crore through this route.