Dollar stays near 18-month high as Mideast conflict, inflation data in focus
The dollar’s steadiness reflects a cautious market responding to geopolitical stresses in the Middle East, which have dampened investor confidence. Fluctuations in oil prices continue as conflict in Saudi Arabia disrupts infrastructure, paired with controversial ceasefire news. Investors focus on the looming US consumer price index report, which will influence Federal Reserve interest rate policies.
FMCG revenues to rise in Q2, but costs could dent margins
India’s FMCG sector is poised for a substantial revenue boost in the upcoming September quarter, with growth projected in double digits. This rise is attributed to an increase in both product volume and strategic pricing tactics across diverse categories. However, the ongoing surge in raw material costs, particularly for items like sugar and edible oils, […]
Once-hot AI trade leaves Korean stocks struggling for buyers
South Korea’s stock market is facing a significant downturn after a dominant run in the global AI sector, as the Kospi has dropped 22% since its peak, marking it as the worst performer in the second half of the year. A startling 70% decline in turnover has prompted withdrawals from both foreign and local investors.
Mutual funds close in on FPIs in Indian equity ownership
With Indian mutual funds now holding 11.7% of domestic equities, they have overtaken foreign portfolio investors, whose share has plunged below 14% since May 2021. This emerging trend showcases the increasing influence of local investors, particularly in Nifty 500 companies. Moving forward, any revival in foreign investment will likely depend on corporate earnings bouncing back […]
RBI measures may boost local bond demand amid rupee pressure
Indian companies may re-enter the bond market given recent central bank measures aimed at stabilizing the rupee. High overseas yields and increased hedging costs have limited borrowing options for these businesses. Analysts suggest that some companies could reconsider bond issuances previously canceled because of excessive yields. With rising bank borrowing costs, bonds may become more […]
Global Market Today: Asian shares cautious as earnings loom, oil slips
Trade was thin with Japan markets shut and the US on a partial holiday ahead of the earnings season with major US banks kicking off on Tuesday.
Stocks to Watch Today: HCLTech, DMart, Adani Green Energy, PTC Industries
Indian equity markets showed a significant recovery driven by bargain buying and favorable global cues. The Nifty 50 and Sensex both closed higher, indicating improved investor sentiment. Notable companies reporting earnings include Canara Robeco Asset Management and Avenue Supermarts, among others. Banking stocks are expected to draw attention due to changes in cash reserve ratio […]
Pressure on rupee may continue after temporary gains on RBI actions, say economists
The Reserve Bank of India has implemented emergency measures to stabilize the rupee, which is facing strong global pressure. Analysts indicate that the rupee may continue to decline despite these efforts. The rupee’s drop is influenced by rising US bond yields and significant foreign investment outflows. Measures such as transaction limits and cash reserve requirements […]
IPO Rush: Eight issues to raise over Rs 11,000 crore this week
Investors can look forward to an active primary market with six mainboard and two SME IPOs on the horizon. Zetwork Manufacturing is expected to head the list, seeking an impressive Rs 5,000 crore, followed by Bonfiglioli Transmission aiming for Rs 2,500 crore and Tonbo Imaging India with a target of Rs 1,500 crore. Supporting this […]
RBI to meet daily dollar needs of 3 state-run oil firms to ease rupee pressure
The Reserve Bank of India has stepped in to support three prominent oil firms: Indian Oil, Bharat Petroleum, and Hindustan Petroleum, as they face a combined daily dollar necessity of around $200 million for imports. This proactive approach aims to ease pressure on the rupee amidst soaring dollar demand, with the RBI offering dollars via […]