Indian diaspora deposits boost capital account to $33.5 billion surplus in July, RBI data shows
Overseas deposits from the Indian diaspora significantly boosted the country’s capital account surplus. This inflow helped offset the overall current account deficit recorded for July. Foreign direct investment and portfolio investment also contributed positively to capital flows. However, merchandise trade deficit remained a key factor in the current account’s negative balance.
Government bond yields edge higher on OMO sales, Fed rate bets
Government bond yields increased on Tuesday following central bank bond sales. Retail inflation reached a twenty-month high, fueling rate hike expectations. The ten-year benchmark bond yield rose seven basis points to seven point zero seven percent. Global bond yields also hardened, with the ten-year US Treasury moving above five point zero two percent. Pressure on […]
SBI targets Rs 2.4 lakh crore wealth management market, eyes shareholder value growth
State Bank of India is expanding its wealth management services to existing customers. The bank aims to manage significant investments for affluent clients. SBI is also developing new growth engines like acquisition financing. These initiatives are projected to enhance shareholder value over time. Analysts suggest these new ventures will take time to impact profits.
SP Group bonds fail to get a lift as market takes it step by step
Shapoorji Pallonji Group’s dollar notes saw little change Tuesday. A potential Tata Sons listing could unlock liquidity for the debt-heavy group. Investors view monetizing the Tata stake as a long-drawn process. Thin trading volumes also limited any immediate price reaction. Clarity is awaited on how this development translates into actual liquidity.
Global Market Today: Asian stocks steady as traders await Fed decision
MSCI’s Asian equities index advanced 0.1%. Contracts for Wall Street gauges also nudged up in early trading as OpenAI weighed a new funding round at a $1.2 trillion valuation. The S&P 500 and Nasdaq 100 slipped Tuesday, while a gauge of chipmakers eked out an increase.
Spike in crude prices, US yields brings India’s m-cap below $5 trillion
Indian stock markets experienced a significant decline on Tuesday. Crude oil prices surged above one hundred dollars a barrel. United States bond yields climbed above five percent, impacting investor sentiment. This led to a sharp sell-off in Indian equities, pushing market value down. Investors now await key central bank policy meetings for further direction.
Rupee hits 3-month low as crude surges, US bond yields breach 5%
The Indian rupee reached its weakest point in three months on Tuesday. This depreciation occurred as Brent crude oil prices surged past $108 per barrel. US 10-year bond yields also breached the significant 5% mark. The Reserve Bank of India intervened by selling dollars to support the currency. Future rupee movement will depend on oil […]
Tata stocks rally on RBI ruling, potential Tata Sons listing
On Tuesday, shares of Tata Group companies with minority interests in Tata Sons experienced a notable rise. This followed the Reserve Bank of India’s decision to deny Tata Sons the ability to surrender its lender status. Analysts suggest that a potential listing of Tata Sons might primarily benefit Tata Chemicals and Tata Steel.
Smart beta funds: Key benefits, risks and investment strategy
Smart beta funds represent a hybrid approach, merging the advantages of passive and active investing to enhance returns. Implementing specific guidelines for stock selection and weighting, they provide cost-effective solutions with greater transparency. While there may be times when smart beta trails behind traditional indices, they can serve as a valuable addition to diversify and […]