ET Poll: RBI may hit pause button on interest rates again
The Reserve Bank of India (RBI) is expected to keep the repo rate unchanged at 6.50% due to concerns over sustained inflation and geopolitical tensions in West Asia. The central bank may also shift its monetary policy stance to neutral, reflecting tolerance for surplus liquidity in the banking system.
Nifty has strong support at 24,800: Technical Analysts
On the upside, immediate resistance is expected at 25,250. Stocks such as Coforge, Balrampur Chini, JK Lakshmi Cement, Divi’s Lab, Torrent Pharma, Titan, Ipca Labs, and Lal PathLabs could attract support-based buying, said analysts.
AIFs, govt in talks over ‘carry income’ tax
The Indian government seeks insights from the private equity and venture capital sector on global tax practices for fund managers’ carried interest as it examines the imposition of GST on such earnings. A recent Supreme Court decision helps facilitate ongoing discussions about aligning with international tax norms.
Regulator seen nudging insurance cos to list
The Insurance Regulatory and Development Authority of India (Irdai) is encouraging insurance companies, especially those operating for over a decade, to go public. By engaging with senior executives, Irdai aims to enhance corporate governance and unlock greater value through public listings.
Healthy Kitty: India’s forex reserves of over $700 billion 4th largest in the world
India’s reserves-comprising major currencies, gold special drawing rights and reserves with the International Monetary Fund (IMF)-have been rising steadily since 2013, when the country was part of the “fragile five” category and foreign investors exited because of weak macroeconomic fundamentals.
FPIs mount bearish bets here as China a better play now
Foreigners’ long-short ratio – a measure of the number of their bullish positions versus bearish – in index futures dropped to 58% on Friday from around 81% on September 27. A falling reading of this measure means investors are cutting their bullish bets and increasing their bearish ones.
There’s more to IPOs than listing day pop or fizzle
Retail investors are increasingly drawn to IPOs for strong listing gains, but nearly half of companies listed since 2020 have struggled to retain those gains. Despite market volatility, many have managed positive returns over time, with more than half achieving 50% or more returns and a third seeing triple-digit gains.