ETMarkets Smart Talk | A. Balasubramanian: Lessons in conviction, agility & calm from 30 years of experience in markets
A. Balasubramanian of Aditya Birla Sun Life AMC shares key lessons from three decades, emphasizing conviction, agility, and risk preparedness. He details the AMC’s ambitious Rs 10 lakh crore AUM target, driven by expanding customer base, alternatives, and GIFT City. He also underscores the importance of SIPs as the “Sabse Important Plan” for goal-based investing.
Gold hits record high, heads for best month in 14 years on safe-haven rush
Gold prices reached a record high. A potential US government shutdown created uncertainty for Federal Reserve policy. This situation increased investor demand for safe assets. Gold gained this year. Central bank purchases and expected interest rate cuts support the rise. Gold producers also changed leaders. The market expects the rally to continue.
Wall Street indexes climb as investors brush off government shutdown uncertainties
Wall Street indexes closed higher on Monday. Nasdaq led gains driven by technology stocks. Investors focused on artificial intelligence and future interest rate cuts. Concerns over a potential US government shutdown were largely overlooked. Market experts noted investor focus on economic resilience. This positive sentiment propelled major indices upwards.
Oil falls as OPEC+ plans to further increase output
Oil prices fell on Tuesday. This decline follows expectations of increased global supply. OPEC+ plans to approve a production boost this weekend. Iraq’s Kurdistan region also resumed crude oil exports via Turkey. These developments reinforce concerns about a looming market surplus. Traders remain cautious regarding future demand.
SBI sees major growth in credit card business as HDFC Bank holds the top spot
SBI’s credit card business experienced a significant post-Covid surge, driven by its youth-focused expansion. HDFC Bank maintained its dominant position in both card issuance and transaction value. Conversely, Standard Chartered Bank faced a sharp decline in both the volume and value of its credit card operations.
Asian shares flat; gold hits record, dollar drops on shutdown fears
Global markets reacted to US government shutdown fears. Gold reached a new record high. The dollar saw losses. US equity futures dipped while Asian shares remained flat. Treasuries gained. Investors worried about delayed economic data, including the jobs report. China announced capital to boost growth. Australia’s central bank held rates steady. Oil prices declined.
Why is Tata Capital pricing its IPO far below unlisted levels?
Tata Capital’s ₹15,512-crore IPO is priced at ₹310-326 per share, a significant discount to its unlisted market price of ₹735. This has disappointed investors who bought unlisted shares at much higher valuations, expecting robust listing gains. Experts caution that unlisted market prices are often speculative and do not reflect final IPO valuations, a trend observed […]
10 year bond yield jumps to 1-month high of 6.57%
Mumbai’s 10-year government bond yield surged to a near one-month high of 6.57% on Monday, driven by increased supply in the Centre’s second-half borrowing and caution before the MPC decision. Despite this, bond dealers view the overall borrowing calendar positively, even with current low demand for long bonds.
RBI unveils norms to enable faster transmission of rates
Under the revised directions on interest rate on advances, banks will now be allowed to reduce spread components on floating rate loans before the current three-year lock-in period, a move aimed at benefiting borrowers. This could result in faster transmission of rate cuts, leading to lower EMIs or interest outgo. Additionally, banks may offer borrowers […]
Sebi bars Man Industries, executives from market for two years
Sebi has barred Man Industries and three senior executives, including its chairman, from the securities market for two years. This action follows alleged diversion of funds to subsidiaries and misrepresentation of financials. A forensic audit revealed non-disclosure of related party transactions and material events, alongside fund rotation.