Yen’s slide to weekly loss prompts bets for another intervention
The Japanese yen is facing its steepest drop in three months, prompting traders to expect more government action to support its value. Key to this situation is the Bank of Japan’s position on interest rates, which directly impacts yen stability. Additionally, rising oil prices and geopolitical tensions in the Middle East are shaping the global […]
Positive Breakout: These 10 stocks cross above their 200 DMAs
In the Nifty500 pack, 10 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on August 13, 2026, according to stockedge.com’s technical scan data. Traders use the 200-day daily moving average (DMA) as a key indicator to determine a stock’s overall trend. As long as the stock is priced above the 200-day SMA […]
Global Market Today: Asian stocks advance, crude oil holds decline
Asian stock markets experienced a notable rise as easing US inflation rates and declining oil prices alleviated concerns regarding potential interest rate hikes. South Korea’s Kospi Index surged, reflecting a positive trend seen in US technology shares. In the US, wholesale inflation dropped more than expected, impacting Treasury yields, while Federal Reserve officials expressed differing […]
Zetwerk files updated IPO draft papers to raise Rs 2,600 crore
The Bengaluru-based company had received Sebi approval on July 10 for its IPO, clearing the way for one of the largest listings by a new-age manufacturing company. It had submitted its pre-filed DRHP through Sebi’s confidential filing route in late March.
Top FPIs ride out storm, outrun Nifty & Sensex in Q1
During the June quarter, leading international funds encountered remarkable gains within Indian equities, significantly boosting their reported portfolio values. This strong performance exceeded that of key Indian stock market indices, primarily driven by astute investments in mid- and small-cap companies, reinforcing India’s reputation as a promising landscape for discerning stock pickers.
GIC Re reports 9.7% profit jump to Rs 1,922 crore driven by improved claims and underwriting
General Insurance Corporation of India has announced a notable profit increase of 9.7 percent, attributed to enhanced performance in claims management and underwriting. The company reported an 8.8 percent year-on-year rise in gross premium income. Furthermore, the incurred claims ratio saw a significant enhancement, reflecting improved cost efficiency, while GIC Re’s combined ratio also indicated […]
Karnataka HC quashes ED money laundering case against Sammaan Capital
The Karnataka High Court has quashed ED money-laundering proceedings against Sammaan Capital, formerly Indiabulls Housing Finance, ruling that the case could not continue after its underlying predicate offences ceased to sustain the allegations.
Bank of America’s $1.9 billion Jio bet shows global banks want a slice of India’s retail lending market
Bank of America is set to invest a substantial $1.9 billion into Jio Financial’s Jio Credit, marking a significant show of confidence in India’s booming retail loan sector. This collaboration merges Jio’s innovative digital capabilities with the seasoned financial knowledge of Bank of America, enabling a strategic expansion in the rapidly growing Indian economy. Regulatory […]
Bank of Baroda raises $700 million in first overseas bond issue since 2019
Bank of Baroda raised $700 million through three-year and five-year dollar bonds, marking its first overseas issue in over seven years. Strong investor demand helped tighten pricing, with proceeds aimed at leveraging RBI’s special swap window.
MFs cut PSU bank exposure, raise bets on IT, auto & pharma in July
In July, fund managers recalibrated their blue-chip stock portfolios, focusing on select sectors like IT, automotive, and pharmaceuticals for increased investments. Notably, financial services, particularly non-banking financial companies (NBFCs) and private lenders, received a surge in fund inflows. Conversely, stakes in public sector banks such as SBI and Bank of Baroda saw a decline, a […]