LIC’s bond FRA entry to boost demand for long-dated g-secs

The country’s largest insurer – which has a total asset under management (AUM) of ₹53.5 lakh crore including 40% in government bond books – is geared up to soon enter either the market for bond forward rate agreements (FRA) or actual bond forwards and has been making market enquiries about the matter, multiple bank treasury […]

Hindustan Zinc likely to dole out Rs 6,000 crore in special dividend

The board is likely to meet over the next two weeks to decide on the payout, said one of the sources. Hindustan Zinc declined to comment. The special dividend, which translates into a payout of ₹14.2 per share for shareholders, will be in addition to the regular annual dividend.

MFs step up equity play, take share in FI assets to a record

Mutual funds’ share rose by 224 basis points in total assets under management (AUM) of institutional investors – the largest increase among institutional investors. The value of domestic funds’ equity portfolios, spanning equity-related exposures such as equity funds, balanced funds, arbitrage funds, ETFs, and index funds surged 59% year-on-year to a record ₹42.57 lakh crore […]

Traders bet on wild swings with CPI print

Should that pricing hold through Tuesday’s close, it would be roughly in line with the implied moves on August 23, when Chair Jerome Powell is expected to deliver remarks at the Jackson Hole economic symposium, and August 29, the day after Nvidia’s earnings report.