Wall Street Week Ahead: US Fed’s internal split puts spotlight on Jerome Powell’s rate guidance, dissents
The Federal Reserve’s upcoming meeting is set to be highly debated. Policymakers are divided on an expected interest rate cut. Investors are watching closely for signals on the Fed’s future policy direction and internal dynamics. Economic data has eased fears of labor market deterioration, fueling rate cut expectations. The market anticipates a quarter-point cut.
OMOs, forex swaps to keep system flush with liquidity
In a bold strategy to boost economic resilience, the central bank is channeling a hefty sum into the banking system. By leveraging open market operations alongside dollar-rupee buy-sell swaps, an impressive ₹1.45 lakh crore will flow in to optimize liquidity and facilitate effective monetary transmission.
NHAI gets Sebi’s in-principle approval to register RIIT as InvIT
Markets regulator Sebi has granted in-principle approval to the registration of ‘Raajmarg Infra Investment Trust’ (RIIT) as an Infrastructure Investment Trust (InvIT) and will get the final nod after it meets specific requirements during the next six months, an official statement said on Friday.
Tenneco Clean Air Q2 Results: PAT up 10% YoY to Rs 150 cr, revenue rises 10%
Tenneco Clean Air India reported a 10% YoY profit rise to ₹150 crore and nearly 10% revenue growth in its first post-listing quarter. EBITDA margins stayed strong, while a ₹9,840-crore lifetime order book boosted long-term visibility despite sequential profit moderation.
ITC Hotels block deals: HCL Capital snaps up Rs 2,998 crore worth shares; ADIA, Morgan Stanley join marquee buyers
HCL Capital Private Limited emerged as the largest acquirer of British American Tobacco’s (BAT) stake in ITC Hotels, buying 14.58 crore shares for Rs 2,998 crore. Several other marquee investors also took significant stakes in the Rs 3,856 crore block deals. BAT stated the funds will aid its transition to a target leverage range.
Dabur receives ‘no adverse observations’ from BSE on merger of Sesa Care
Home-grown FMCG firm Dabur on Friday said it has received an observation letter with “no adverse observations” from the BSE over its Scheme of Amalgamation of Sesa Care.
RBI’s Balancing Act: Inflation concerns ease policy path, even as Rupee weakness raises questions
Former RBI Deputy Governor R. Gandhi highlighted concerns over inflation falling below the MPC’s target, necessitating measures to boost growth and production. He clarified the RBI’s focus on managing rupee volatility rather than targeting a specific exchange rate, attributing recent depreciation to trade deficits and year-end outflows.
Market may deliver 12–15% returns next year, but midcap outperformance unlikely: Sandip Sabharwal
Investor Sandip Sabharwal urges caution on stretched valuations and corporate disclosures. He sees opportunities in financials, auto stocks, and L&T for the coming year. Largecap stocks appear solid, with midcap opportunities to emerge gradually. Sabharwal anticipates market returns of 12-15% across segments. He also notes pressure on Eternal due to quick commerce losses.
IndiGo faces structural turbulence but long-term dominance intact: Sandip Sabharwal
Market expert Sandip Sabharwal views rupee depreciation as inevitable due to trade deficits, while anticipating a US Fed rate cut. He sees easing overhang for ITC Hotels and a buying opportunity in IndiGo despite short-term turbulence.
Vidya Wires IPO Day 3: GMP movement, strong demand. Will you participate?
Vidya Wires’ Rs 300-crore IPO entered its final bidding day with strong demand, after subscriptions hit 8.26 times and GMP improved to 10.6%. Robust retail and NII participation, attractive valuations, and sector tailwinds position the company favourably, with a potential listing price near Rs 57.5 per share.