Forex reserves jump to 2-month high with a $5-b weekly rise
India’s foreign exchange reserves surged to a two-month high of $640.5 billion as of February 21, with an increase of nearly $5 billion in a week. The Reserve Bank of India’s data showed foreign currency assets, the largest component of reserves, rising by $4.25 billion. This marks a recovery from the reserves’ dip influenced by […]
Stock traders seek havens to hedge uncertain markets
Wall Street’s momentum trade driven by tech, communications, and consumer discretionary sectors is faltering due to concerns over shrinking growth and trade uncertainties. Safe havens like health care and consumer staples are now leading the market as investors pivot defensively amidst the rising economic volatility.
Tariffied on the D-Street: Nifty clocks longest streak of monthly declines
The Nifty index experienced its longest five-month decline since its inception, falling around 14% from October to February. This recent downturn is notable, though not as severe as the 22% drop during a similar period in 2001.
$-Re swap gets strong demand, weakens rupee
The Reserve Bank of India’s dollar-rupee buy-sell swap saw strong demand but resulted in a lower-than-expected cut-off premium, leading to further rupee depreciation. The $10 billion swap, oversubscribed by $16.23 billion, will reverse in March 2028. Market participants expect continued weakness in the rupee as the RBI focuses on meeting the credit market’s rupee liquidity […]
RBI buys bonds worth ₹40,000 cr in week to feb 21
The Reserve Bank of India bought bonds worth ₹40,000 crore through open market operations to increase liquidity in the banking system. This brings their total bond purchases in February to ₹80,000 crore. Market participants anticipate further liquidity injections through similar operations or repo auctions. RBI had also made significant bond purchases in January.
Nifty records worst February month since Covid-19 with 6% loss
Nifty suffered its worst February decline since 2020, dropping 5.9% amid a broad sell-off, primarily in IT, auto, and pharma stocks. The index is down 16% from its peak, marking its longest losing streak since 1996. With March starting on a weak note, hopes are pinned on positive seasonality based on past performance in the […]
The last bell rings for Sebi chief Madhabi Puri Buch today. A look at her 3-year career
Buch, the first woman and private-sector executive to lead Sebi, implemented major market reforms, such as restrictions on retail derivatives trading and enhanced regulation of brokers.
ELSS mutual funds offer up to 22% XIRR on SIP investments in 3 years
With the tax-saving season approaching, investors are turning to ELSS mutual funds for their potential high returns. Over the past three years, some ELSS funds have delivered up to 22% XIRR on SIP investments. SBI Long Term Equity Fund led the category with a 22.20% XIRR.
Zerodha sees de-growth for first time as market correction hits brokers
India’s stock market downturn has severely impacted the broking industry, with trading volumes and investor confidence plummeting. Zerodha’s Nithin Kamath noted the business is experiencing de-growth for the first time, as investors adopt a cautious, wait-and-watch approach.
Top 5 stocks with increasing promoter pledge ratios
“Promoter Increasing Pledge” indicates that company promoters are pledging more shares as loan collateral. In the Nifty500, five stocks saw higher promoter pledging in Q4 2024 versus Q3 2024, based on StockEdge data.