India’s current account deficit likely at below 1% of GDP in FY24
India’s trade deficit narrows and services exports increase, prompting economists to lower the current account deficit (CAD) estimates for FY24. Capital inflows are expected to improve, but the rupee may not strengthen as the central bank aims to boost reserves. April-January period sees lower net services exports and improved FDI flows.
Private bank stocks showing recovery signs with long build-up, delivery buying: Anand James
If the uptrend in the broad market were to resume, private banks stand the most to gain, with the Nifty private bank index having closed above 20-day SMA for the first time since 16th January.
FPIs cautious on equities; take out Rs 3,776 cr in Feb so far on spike in US bond yields
Foreign investors adopted a cautious approach offloading Indian equities worth close to Rs 3,776 crore so far this month owing to a spike in the US bond yields and uncertainty over the interest rate environment in the domestic as well as the global front.
Juniper Hotels IPO opens on February 21. 10 things to know about Rs 1,800 cr offer
Juniper Hotels IPO: The issue is entirely fresh equity of Rs 1800 crore with no OFS component. The company has fixed a price band of Rs 342-360/share for its maiden public offer. Investors can bid for 40 shares in a lot and multiples thereafter.