LIC’s OFS discount looks tempting, but triggers don’t
Analysts hold differing views on retail investor interest in LIC’s offer for sale. The government is divesting a stake to meet minimum public shareholding norms. Some analysts cite attractive valuations and discounted pricing for participation. Others caution about the absence of immediate upside triggers for the insurer. The offer aims to comply with regulatory requirements […]
IRDAI asks insurers to fast-track Assam flood claims
Insurers must expedite flood claim settlements for affected policyholders. The regulator has directed immediate deployment of surveyors and loss assessors. Special district-level claims desks and 24×7 helplines will be established. Electronic communication is encouraged to speed up claim registration and payments. This directive follows heavy rains and floods which began on July 19.
Closing auction keeps traders on edge as divergence persists
Market participants faced confusion with the new closing auction system on Tuesday. This system change affected the determination of official stock closing prices. The expiry of Nifty weekly futures and options contracts added to market complexity. Traders reported unexpected derivative price movements and position losses. The Sensex and Nifty experienced divergence for a second consecutive […]
Nabard cancels Rs 8,000 cr bond issue on high-yield bids
Nabard rejected its ₹8,000-crore bond offering as investors sought higher yields. This withdrawal highlights investor caution in the primary bond market. Geopolitical uncertainties and monetary policy outlook are influencing investor demands. Corporate bond issuances have significantly decreased compared to the previous year. Institutions are selectively deploying funds while awaiting market clarity.
US stocks: SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business
SpaceX has announced an impressive 92% increase in revenue for the latest quarter, primarily fueled by the growth of Starlink and its AI initiatives. Despite this surge, the firm faced a net loss due to significant capital allocated towards infrastructure and future projects. After a strong IPO, its stock is now under scrutiny, especially with […]
US stocks: Dow, S&P 500 close at record highs as AI earnings impress, oil prices tumble
Stock markets soared to all-time highs on Tuesday, fueled by stellar earnings from corporations. AI-focused entities like Palantir and the esteemed Caterpillar delivered eye-popping results. The drop in oil prices and Treasury yields created a favorable backdrop for continued growth. Moreover, the possibility of a peaceful resolution in the Iran conflict greatly enhanced investor optimism. […]
Sebi proposes depository receipts against REITs, InvITs units
India’s markets regulator has unveiled a fresh set of regulations concerning depository receipts aimed at real estate and infrastructure investment trusts. This initiative seeks to draw increased foreign investment into these vital sectors, providing overseas investors with a new channel to trade these units. Interested parties must submit their feedback on the proposals by August […]
Traders on edge! Why Nifty jumped 150 points in final minutes again
Nifty rebounded nearly 150 points during Tuesday’s closing auction after spending most of the session in the red, highlighting the impact of the new Closing Auction Session. Analysts attributed the volatility to expiry-day adjustments and early implementation issues in the revised closing price mechanism.
A crash coming? Ray Dalio warns AI rally looks like 1929 and 2000 bubbles
Bridgewater founder Ray Dalio warned the AI-driven market rally displays bubble-like traits seen before the 1929 crash and dot-com bust. He cited stretched valuations, rising rates and heavy stock issuance as key risks, echoing concerns from Jeremy Grantham and Goldman Sachs.
Elon Musk likely to face tough questions during SpaceX’s first earnings call after stock market listing
SpaceX’s investors are gearing up to challenge Elon Musk about the company’s trajectory and financial stability as stock prices have plummeted since June’s highs. Anticipated insider share sales could amplify trading fluctuations. Investors are particularly interested in Musk’s insights on the Starship rocket launch tests and satellite network developments, especially given that SpaceX is grappling […]