Global Market | Strait of Hormuz closure keeping oil markets on edge: Ed Yardeni
Global oil markets are on edge as geopolitical tensions disrupt the vital Strait of Hormuz. Market strategist Ed Yardeni highlights uncertainty over the strait’s reopening as the primary driver of oil sentiment. He believes stability hinges on de-escalation and the diminishing threat to tanker traffic, with tangible normalcy only appearing when ships navigate safely.
Jefferies raises Coal India target price, says valuation reasonable
Jefferies has raised Coal India target to Rs 485, citing reasonable valuation and improving earnings. The brokerage forecasts 9% CAGR in FY26–28, supported by higher e-auction premiums, rising dispatch volumes, and a rebound in power demand. Coal India remains a cash-rich, high-dividend PSU stock with strong market share.
US Stock Market | SoftBank’s PayPay plans to price US IPO around low end of range, sources say
The initial public offering of SoftBank’s PayPay is likely to price around the low end of its marketing range as war in the Middle East roil markets, said two people familiar with the matter.
Oil prices choppy as WSJ reports IEA eyes biggest oil release ever
Oil prices are fluctuating. The International Energy Agency is proposing a historic release of oil reserves. This move aims to counter supply disruptions caused by the war on Iran. Major oil benchmarks saw initial gains reversed. The U.S. and Israel conducted intense airstrikes on Iran. Saudi Arabia is boosting supplies via the Red Sea.
Currency market on tenterhooks as Iran war weighs on sentiment
The dollar remains stable as global markets watch the U.S.-Iran conflict. Traders are cautious, seeking clarity on the war’s duration and potential impact on energy supplies. Oil prices have surged, influencing currency markets and central bank expectations. Investors await U.S. inflation data for further direction. The International Energy Agency is reportedly considering a significant oil […]
D-St bulls, rupee regain ground amid global oil price rollercoaster
Indian stocks and the rupee saw a strong rebound on Tuesday. This recovery followed a significant drop in crude oil prices. Asian markets also experienced gains. Traders cut bearish bets as tensions eased. Investors are deploying cash into the market. Sectoral indices mostly climbed, with auto and consumer durables leading the gains. Volatility remains a […]
AIFs could get upto Rs 17,000 crore after PFRDA opens NPS door
India’s pension fund regulator has permitted 1% of the ₹17 lakh crore assets under management to be invested in alternative investment funds. This move aims to channel domestic institutional money into private equity and venture capital, addressing a long-standing gap in the alternatives ecosystem.
RBI links bank dividends to CET1 ratio
The Reserve Bank of India has revised dividend payout norms for banks, linking them to Common Equity Tier 1 (CET1) ratios instead of CRAR and NPAs. The new guidelines, effective April 1, 2027, offer greater flexibility to well-capitalized banks, with payouts ranging from 0% to 100% of adjusted profit after tax, subject to a cap.
Equity fund flows pick up in Feb even as SIPs get less
Equity mutual funds saw renewed investor interest in February, attracting significant inflows. This trend indicates a long-term outlook from investors, overlooking short-term market fluctuations. Gold ETFs continued to receive investments, though at a reduced pace. Conversely, silver ETFs experienced outflows as investors booked profits.
HC quashes Rs 1 crore GST seizure, orders return
GST cases: Smruti Waghdhare, proprietor of M/s Platinum International, had challenged seizure orders dated June 27 and June 28, 2023 issued in Form GST INS-02.