Sebi firm on FPI ownership norms as deadline looms
The capital markets regulator, in its discussion paper on the topic, had estimated the assets under management (AUM) of “high-risk” foreign funds that must make additional disclosure at ₹2.6 lakh crore as on March 31, 2023.
Funds from Ireland, Luxembourg, Norway and Japan raise bets on Indian equities
The AUM of Ireland-domiciled funds rose 40% year-on-year to ₹3.32 lakh crore ($40 billion) at the end of December 2023, while the total FPI equity AUM expanded by 26% to ₹61.32 lakh crore ($737 billion). Consequently, the share of Ireland-based funds in Indian equities rose to 5.42% – a record-high level, according to the NSDL […]
ET Analysis: Bulk of credit card loans are subprime
Despite the RBI’s imposition of higher risk weights on unsecured lending, credit card outstanding has grown by 34 percent year-on-year as of end-November. The outstanding dues amount to Rs 2.4 lakh crore, accounting for 5 percent of retail loans. The RBI has been encouraging the use of technology and underwriting models to mitigate risk.
Wall Street’s ‘foolish’ 2024 trade is betting on early Fed rate cuts
Even as the S&P 500 closed Friday at an all-time high, money managers and analysts are contending with data that signals US economic resilience and Federal Reserve officials who’vepushed back against reducing interest rates too soon.
Morgan Stanley and JPMorgan say buy the dip after treasury rout
Morgan Stanley sees scope for a rebound in Treasuries on expectations data in the coming weeks may surprise to the downside. JPMorgan Chase & Co. is suggesting investors buy five-year notes as yields have already climbed to levels last seen in December, though it warned that markets are still too aggressive in pricing for an […]
Nifty on a strong base, to maintain bullish trend: Analysts
After reaching a lifetime high at 22,124, the Nifty experienced a dip and found support at 21,350-21,400, which aligned with the 26-day exponential moving average, thereby establishing this as a crucial support.