Nvidia CEO Jensen Huang completes $1 billion share sale
Nvidia CEO Jensen Huang has sold over one billion dollars in company shares. This sale concludes a large pre-planned divestment. The chipmaker recently crossed a five trillion dollar market value milestone. This surge is driven by high demand for artificial intelligence processors. Several other company insiders have also profited significantly from the AI boom.
How will Sebi’s changes to banking indices impact investors?
Sebi is pushing for broader banking and financial services indices, aiming to reduce the dominance of a few large banks. This move will cap individual stock weights at 20% and top three at 45%, potentially benefiting smaller and mid-sized banks. Investors and traders can expect shifts in portfolio rebalancing and new trading opportunities as the […]
Canara Bank-led consortium sells KTPL’s Rs 520-crore debt to Prudent ARC
A lenders’ consortium led by Canara Bank has successfully sold ₹520 crore of Karanja Terminal and Logistics (KTPL) debt to Prudent ARC through a Swiss challenge auction. This all-cash transaction recovered over 86% of the dues, significantly exceeding initial offers and the base price. The sale, however, is pending ongoing court proceedings initiated by KTPL’s […]
Shutdown of weekly options not practical, says Sebi Chairman
India’s market regulator Sebi will proceed cautiously on restricting weekly futures and options expiries. Sebi chief Tuhin Kanta Pandey stated an outright shutdown is impractical. The regulator has already implemented measures to control speculative trading by retail investors. Further policy interventions will follow extensive data analysis and public consultation.
Gold & renewable loans jump; NBFC, housing credit loses steam: RBI
Gold loans and renewable energy sector financing have surged, more than doubling to Rs 3.16 lakh crore and Rs 14,842 crore respectively. This contrasts with decelerated growth in bank credit to NBFCs and HFCs, which saw modest increases of 3.9% and 0.2% respectively. Consumer durable and personal loans also experienced slower growth.
FPIs pump Rs 12,206 crore into Indian bonds in October amid relatively stable rupee, Fed rate cut
Overseas funds injected ₹12,206 crore into Indian sovereign bonds in October, driven by a stable rupee and US Federal Reserve rate cuts. Foreign investors increased purchases on days of reported central bank currency intervention and after the Fed’s policy move, boosting local debt returns.
D-Street hits pause on Fed’s rate cues; focus turns to trade deal
Indian equity indices closed lower on Friday, extending weekly declines but logging strong monthly gains. Investor caution stemmed from the US Federal Reserve’s stance on interest rates and the US-India trade deal outcome. Analysts suggest current dips present buying opportunities ahead of potential rallies.
RBI cancels Rs 11,000 crore bond auction; 10-year yield eases 7 bps to 6.53%
Indian sovereign bond yields eased on Friday. The Reserve Bank of India cancelled a 7-year bond auction. This action led to a nearly seven basis point drop in the benchmark 10-year sovereign bond yield. Traders believe the cancellation signals the central bank’s discomfort with higher yield bids. This development follows a period of rising yields […]