Positive Breakout: These 8 stocks cross above their 200 DMAs
In the Nifty200 pack, eight stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on March 21, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]
$2.69 trillion and counting: How India’s bond market is powering a $8T future
India aims to reach a US$7-8 trillion economy within five years, driven by its bond markets currently valued at US$2.69 trillion. Corporate bonds play a significant role, reflecting a shift towards debt-driven financing. Despite growth, India’s bond market still lags behind developed economies.
Adani Energy Solutions shares in focus after bagging Rs 2,800 cr power transmission project in Gujarat
Adani Energy Solutions Ltd (AESL) secures a Rs 2,800 crore power transmission project in Gujarat, boosting their order book to Rs 57,561 crore. The project, aimed at supporting the production of Green Hydrogen and Green Ammonia, includes significant upgrades to existing infrastructure.
High provisioning, margin strain reflect in private banks’ Q3 show
Private sector banks experienced a deceleration in operating and net profits for the third consecutive quarter due to reduced net interest income, increased bad loan provisioning, and continued margin pressure. Conversely, public sector banks reported significant profit growth, benefiting from robust increases in both pre-provision operating profit and net profit.
US stock futures rise as new tariffs seen targeted
S&P 500 futures rose, Japanese shares fluctuated between gains and losses in early trade, while Australia’s market fell. The dollar was softer against major peers, while the 10-year US Treasury yield advanced.
Banks load up on mutual funds for asset diversification, returns
Returns from debt mutual funds, which typically invest only in fixed-income products, have exceeded that on fixed deposits or government bonds.
Stumbling stock market raises spectre of dot-com era reckoning
Echoes of that era are reverberating now. The technology this time is artificial intelligence. After a wild stock market rally that sent the S&P 500 soaring 72% from its trough in October 2022 to its peak last month, adding more than $22 trillion of market value in the process, signs of trouble are emerging. Stocks […]
FPIs slash bearish derivatives positions
The ratio rose to 0.47 on Friday from 0.21-0.23 in the week before last, according to data from Axis Securities. The reading had been low – mostly in the range of 0.12 to 0.22 – in the past five months as foreigners had been maintaining bearish futures bets at near-record levels in the period, while […]
Banks block Indian promoters’ foreign NBFC plans
Large private sector banks in India are blocking Indian promoters’ plans to establish investment companies abroad due to concerns of sidestepping foreign currency regulations. Offshore entities can move significantly higher amounts compared to the liberalised remittance scheme, raising concerns of misuse for personal use.
SBI Capital Markets appoints Amrendra Singh as head of ECM
Amrendra Singh has been appointed as the new head of equity capital markets at SBI Capital Markets, succeeding Deepak Kaushik. Singh has been with the SBI group for nearly 25 years, holding various leadership roles. He is a CFA charterholder with a focus on banking innovation, risk management, and global financial services enhancement.