Shares slip in Asia, dollar firm as inflation, earnings loom
The impact of the jobs report on U.S. rate cut prospects also raised the stakes for consumer price figures on Wednesday where any rise in the core greater than the forecast 0.2% would threaten to close the door on easing altogether.
Shapoorji Pallonji ups fundraising target to $3.25 billion
According to term sheets circulated among potential investors, the fundraising, managed by Deutsche Bank, is structured as a five-year facility, comprising non-convertible debentures (NCDs) with an expected yield of about 18%.
RBI may limit interventions to keep rupee competitive
Traders say that currency hedging by exporters and importers signal further slide as positions have turned with importers rushing to cover their exposure, while exporters are letting their positions open to benefit from the slide.
Wall Street banks’ market-beating rally faces earnings test
The Federal Reserve’s recent reticence to keep up the pace of interest-rate cuts was backed by Friday’s strong labor report that sent the stock market tumbling and yields higher. That throws cold water on investor hopes for a repeat of last year’s stock performance, which saw bank leaders climb 33%, outperforming the broader S&P 500.
Business correspondents urge RBI to ease domestic transfer limits and rules
Business correspondents have requested the RBI to double the monthly transfer limit to ₹50,000 and reduce two-factor authentication to once a month. They have also flagged misuse of the system by some entities to bypass TDS and GST rules using the payment gateway’s API.
Weakness in Nifty could intensify: Technical Analysts
Traders need to follow strict risk management in fresh trades. Bank Nifty has underperformed the benchmark index and closed with a fresh breakdown on the weekly chart. It is likely to underperform Nifty in coming days.
Hot Stocks: 4 stocks that may give returns between 20-78%
Analysts recommend PNB Housing Finance, Hyundai Motor, LIC, and Coal India stocks for their significant growth potential. PNB Housing potentially offers a 78% increase due to strong fundamentals, while Hyundai and LIC present considerable returns. Coal India is seen as top pick within metals and mining, driven by power demand and attractive valuations.