Jobs World

Bad cop! Powell makes FIIs drive out of Dalal Street in reverse gear https://ift.tt/H58BQ0l data shows that FIIs sold Indian stocks worth around Rs 7,624 crore in September, pulling Sensex down by over 2,100 points or 3.5% during the month.

5 world market themes for the week ahead https://ift.tt/mjqYHGD accelerating policy tightening elsewhere, particularly in the United States, has cut into the yield advantage. With the Aussie and Kiwi both hyper-sensitive to swings in risk sentiment, policymakers may have little ability to arrest the slide.

US stocks end lower, adding to week's losses https://ift.tt/mbV0MQx, the inflation rate still exceeded analyst expectations, a dynamic that will likely keep the Federal Reserve on its current path to hike interest rates aggressively. The yield on the 10-year US Treasury note, a proxy for interest rates, rose closer to four percent.

Expect inflation to come down to target of 4% in 2 years: Guv https://ift.tt/y4gGTlZ consumer price index measured inflation printed 7% in August versus 6.71% a month ago.

World economy is in the eye of a new storm and no one is insulated from it: Shaktikanta Das https://ifttt.com/images/no_image_card.png"In the last two and a half years, the world has witnessed two major shocks-- the Covid-19 pandemic and the conflict in Ukraine. These shocks have produced profound impact on the global economy. As if that was not enough, now we are in the midst of a third major shock -a storm -arising from aggressive monetary policy actions and even more aggressive communication from advanced economy central banks like the US Fed," Das said in his policy address.

Sterling and euro recover; ECB likely to be aggressive after high German CPI https://ift.tt/u89j0AD dollar index, which measures the greenback against the euro, sterling and four other major peers, edged 0.09% higher to 111.91, but remained close to a one-week low of 111.64 reached overnight.

Gold edges higher on softer dollar; set to fall for sixth straight month https://ift.tt/zk2H7ZP gold is considered a hedge against inflation, a series of aggressive U.S. rate hikes this year has dented on the non-yielding metal's appeal and lifted the dollar to a two-decade peak.

Government cuts market borrowing target for FY23 by ₹10kcr https://ift.tt/u89j0AD Centre will borrow ₹5.92 lakh crore in the second half of FY23, which is ₹10,000 crore lower than intended, according to an official statement. The second-half borrowing will include the first-ever green bonds, worth ₹16,000 crore.

Current account deficit at decade high of 2.8% of GDP https://ifttt.com/images/no_image_card.png"Underlying the current account deficit was the widening of the merchandise trade deficit to $ 68.6 billion and an increase in net outgo of investment income payments", said a release by the Reserve Bank of India.

IT stocks only sectoral loser in Q2. Time to bottom-fish? https://ift.tt/2EWmdIF said valuations have now turned favourable for long-term investors as the underlying strong positioning of Indian IT incumbents is undisputed in the global IT landscape, with strong execution capabilities and extensive range of offerings.

Want to time the market? Consider Balance Advantage Funds: Suresh Soni https://ifttt.com/images/no_image_card.png"Equity funds continue to witness healthy flows. SIPs remain popular and continue to grow, both in terms of a number of accounts as well as gross amounts. Recent mutual fund NFOs, including our Flexi cap fund, have seen healthy inflows. The Debt funds’ AuM - ex overnight and liquid funds, has actually shrunk. Investors with a medium-term horizon should consider short to medium-term funds and credit risk funds."

Multibagger smallcap stock to trade ex-split on Friday https://ifttt.com/images/no_image_card.pngInvestors’ eligibility for the said split shall be determined based on the record date i.e. October 3, 2022. This means that investors holding equity shares of Maximus International in their demat account as on the record date will be entitled to receive split shares.

Big Movers on D-St: What should investors do with Samvardhana Motherson, Tejas Networks and IOC? https://ift.tt/INeJR9q that were in focus included names like Samvardhana Motherson, which fell more than 4 per cent to hit a fresh 52-week low, Tejas Networks, which rose over 4 per cent and IOC, which also cracked over 1 per cent to hit a fresh 52-week low.

Wall Street ends sharply higher as Treasury yields dip https://ift.tt/E1VyASd yields lower on Treasuries with maturities six months and longer, the Bank of England said it would buy long-dated British bonds in a move aimed at restoring financial stability in markets rocked globally by the fiscal policy of the new government in London.

Canara Bank files insolvency plea against Gayatri Projects https://ifttt.com/images/no_image_card.png​​Despite rules saying that the application of financial creditor should be admitted within 14 days, it has been delayed without any reason," said a person in the know. "Meanwhile, the market cap of the company is regularly declining day by day and all banks can do is sell the pledged shares in the open market for a loss."

Electronics Mart India IPO to kick off on Oct 4; price band fixed https://ift.tt/emFl9Mp company intends to utilise the net proceeds from its issue towards capital expenditure, repayment of debt and incremental working capital requirements, other than general corporate purposes.

Stocks in the news: Axis Bank, NHPC, Power Grid, BPCL, BHEL and Nykaa https://ift.tt/7WCM5UX third largest private sector lender, Axis Bank, will invest around Rs 50-70 crore to acquire a little less than a 10 per cent stake in Fairfax-backed Go Digit Life Insurance.

RBI mulls steps to arrest rupee slide https://ift.tt/lTIgbCn familiar with the matter told ET that commercial banks have also suggested imposition of temporary curbs on imports of 'non-essential' goods, such as gold, to conserve dollars. An unabated surge in the dollar could prompt targeted interim measures from Mint Road.

InterGlobe well placed to take advantage of festive demand amid rising competition https://ift.tt/emFl9Mp Director General of Civil Aviation (DGCA) lifted the restrictions of air fares after August 31 which were in place earlier during the pandemic. This augurs well for the domestic aviation sector. A key operational parameter on which InterGlobe fares better than the peers is the cost of operations.

European business chill may hurt Indian companies, too https://ift.tt/ap0GS8n the British pound tumbling to its all-time low against the US dollar amid a gloomy outlook for Europe, analysts expect the earnings of companies with business interests in the region to be under pressure.

Bitcoin regains $20K; Solana & Polkadot gain up to 8% https://ift.tt/emFl9Mp global cryptocurrency market cap was trading higher at $962.94 billion, gaining more than 4 per cent in the last 24 hours. However, the total trading volume zoomed almost 52 per cent, close to $81.16 billion.

Tesla's stock emerges as unlikely megacap rival to Apple https://ift.tt/yxoIrbw has been rewarded with a premium valuation relative to the Nasdaq 100 that sits well above the iPhone maker’s average over the past decade, according to data compiled by Bloomberg. Yet at 23 times profit projected over the next 12 months, it’s still less than half the price of Tesla.

2 stocks from IT & insurance sector that can offer up to 8% returns https://ift.tt/M1B94xd Nifty IT Index saw itself underperforming the broader markets on relative terms. However, over the past few sessions, this pocket has tried to improve its relative momentum and performance against the broader markets.

What should investors do with Power Grid, Piramal Enterprises and RBL Bank? https://ift.tt/emFl9Mp stock extended losses post demerger and slipped to a 52-week low. It is trading below major moving averages on short-term, medium-term and long-term timeframe charts. The key technical indicators also favor bears.

Markets likely to test the bottom in 2023: Manraj S Sekhon https://ift.tt/dgbSPLV think there are a few layers here. First of all, the Fed is clearly behind the curve. And their credibility has been damaged by what has happened with inflation and the monetary policy response over the last few months.

Wall Street ends lower, Dow confirms bear market https://ift.tt/1ktKyI2 among stock traders was also shaken by dramatic moves in the global foreign exchange market as sterling hit an all-time low on worries that the new British government's fiscal plan released Friday threatened to stretch the country's finances.

Maharashtra government to spend Rs 6 lakh crore on state's infrastructure https://ift.tt/Loksfha of the new projects planned include creating an Expressway grid comprising 6-8 lanes that connects all districts of the state. State government officials said nine new Expressways were being planned, one of which is going to be the Pune-Nashik eight-lane Expressway. The estimated cost of these nine expressways could be around Rs 2.35 lakh crore.

Sterling plunges to all-time low as fiscal plan spurs investor exodus https://ift.tt/e1ThHZt dollar added 0.29% to 143.78 yen, continuing its climb back toward Thursday's 24-year peak of 145.90. It tumbled to 140.31 that same day after Japanese authorities conducted yen-buying intervention for the first time since 1998.

Fed & flows, not inflation, may be at the heart of MPC debate https://ift.tt/e1ThHZt Reserve Bank of India's slower interest rate increase of 50 basis points compared with the US Federal Reserve's 75 basis points was guided by the inflation target and actual inflation as well as the need to nurture the economic recovery. A basis point is 0.01 percentage point.

IndusInd Bank to be a large bank in 5 years with a Rs 5 lakh crore balance sheet https://ift.tt/mGiwojQ lender IndusInd Bank’s balance sheet will cross `5 lakh crore in the next five years, its managing director Sumant Kathpalia told Saloni Shukla and MC Govardhana Rangan in an interview.

Global bond rout may sour investor mood on richly valued Indian stocks https://ift.tt/e1ThHZt global market capitalisation has seen the erosion of nearly $25 trillion so far in 2022, as several indices inch closer to bear market territory with investor sentiment hitting the lowest since the 2008 financial crisis.

MFs add 70 lakh investor accounts in first 5 months of this fiscal https://ift.tt/e1ThHZt sharp increase in mutual fund (MF) folio count implies that a lot of new investors are coming into the capital markets and are embracing mutual funds as their preferred vehicle for investing.

India resilient, global ETFs keep buying https://ift.tt/g6m3jlA the past one year till August, the assets under management (AUM) of passive FPIs have increased by about 8% from $59 billion in August 2021 to $64 billion in August 2022. Allocation of foreign ETFs to India was $45 billion in August 2020. FPIs have sold Indian shares worth $14.4 billion in 2021 and $24.5 billion in 2022 till August.

Can India economy stay steady amid global turmoil? These 8 charts sum it up https://ift.tt/wgnJblS Central banks rushed monetary measures to stem capital flows and combat inflation that no longer looks temporary. The rupee also hit a new low, sending stocks crashing. Can the Indian economy hold steady and what will help?

World Bank pledges $2 billion in aid to flood-hit Pakistan https://ifttt.com/images/no_image_card.png​​​ The announcement was made by the World Bank's new vice president for the South Asia region, Martin Raiser, on Saturday in a statement issued at the end of his Pakistan tour. The World Bank had earlier agreed to provide USD 850 million for flood relief in a meeting with Pakistan's PM Shehbaz Sharif on the sidelines of the UN General Assembly in New York.

Fire breaks out at world's biggest produce market in Paris https://ifttt.com/images/no_image_card.png​​​Firefighters urged people to stay away from the area, in Paris' southern suburbs, while they tackled the blaze at the warehouse in the Rungis International Market. There were no immediate reports of injuries.

Rising dollar and bond yields making it tougher for FIIs to stay put on D-Street https://ift.tt/y3JzamY the demand for the safe haven soared after the US Fed's hawkish-than-expected stance, the US dollar index has now crossed the 113 mark, its highest level in two decades. The Indian rupee also breached the 81 mark against the greenback as a result, last week.

Nifty may slip to 16,800 levels and Sensex to 56K; use dips to buy in these 5 sectors: Ravi Singh, ShareIndia https://ifttt.com/images/no_image_card.png“Nifty may see a further dip towards 16,800 levels and Sensex to 56,000 levels in the current scenario. Investors may consider this fall as an opportunity to pick value stocks from auto, FMGC, IT, banking and power sectors. Investors should divide their investment into three parts starting from current levels till lower levels of Nifty.”

Ethereum remains troubled after the Merge. What is the way ahead? https://ift.tt/l5XDZA8 merger will undoubtedly provide numerous benefits to the Ethereum network. It remains to be seen how the implementation of this upgrade will impact the network. Ethereum has been a game changer in the world of cryptos and it's likely to retain its status, said Dileep Seinberg, Founder & CEO, MuffinPay, adding that there are some challenges over speed and gas fees, they too will be looked at.

Learn with ETMarkets: What is the margin of safety? https://ift.tt/nCW2zb3 always wish to buy shares at a lower price than what they are trading at currently. But, when the shares plunge due to uncertain circumstances, they often get scared to buy and speculate what will happen next.

Dow drops but narrowly avoids confirming bear market status https://ift.tt/l5XDZA8 renewed selling pressure in markets came in a week that saw the U.S. Federal Reserve raise interest rates by three-quarters of a percentage point for a third straight time and a vow to keep it going until inflation is under control.

5 bank stocks that can see over 20% more upside despite recent run https://ift.tt/Bx4s6v1 banks are just marginally higher than where they were pre-Covid despite substantial improvement in their asset quality ratios. On the other hand, the improvement in valuations for private banks has been relatively slower," said the brokerage.

Wall St Week Ahead-Investors wonder when vicious sell-off in U.S. stocks will end https://ift.tt/YMjv8ck the S&P 500 closes below the mid-June low in the days ahead, that may prompt another wave of aggressive selling, Stovall said. This could send the index as low as 3,200, a level in line with the average historical decline in bear markets that coincide with recessions.

Looking for tasty and healthy drinks? Then try this simple Banana Coconut Smoothie, which can be made in just a few minutes and enjoyed with a hearty breakfast. Made with banana, grated coconut, greek yoghurt, maple syrup and vanilla essence. To make this drink delicious you can tweak the dish with some butterscotch ice cream, nuts, seeds and what not! But if you want to make a simple yet healthy treat, then you can follow this recipe and make a thick smoothie. Try this easy smoothie recipe and enjoy it with your loved ones. INGREDIENTS 1 banana 1 cup grated coconut 1 teaspoon vanilla essence 1 cup low fat yoghurt 2 ml maple syrup 1/2 cup ice cubes 0 mint leaves as required How to make Banana Coconut Smoothie Step 1 To begin with this easy recipe, take a blender and add 1 banana, yoghurt, vanilla essnece, grated coconut. Make a thick smooth blend. Step 2 Add Ice cubes and blend it twice. Make a thick creamy blend and pour it into the glasses and enjoy. Via Recipes & F...

Golden Crossovers: These 5 stocks signal further bullishness​ https://ifttt.com/images/no_image_card.png​Among NSE stocks with a market cap of over Rs 1,000 crore, five counters are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on September 22. Take a look

Bullish on the capex theme? Varun Lohchab on 9 picks across sectors https://ifttt.com/images/no_image_card.png“The last several years has been largely retail-led credit growth but we expect the corporate credit growth to pick up. Anyway with higher inflation levels working, capital requirements are also going up. We are fairly positive on lenders as rising interest rates would be positive for their NIMs, at least in the initial part of the rate cycle. Financials is definitely a good space.”

Big Movers on D-St: What should investors do with ITC, IOC and Infosys? https://ift.tt/hUKuaqr long as the stock is above Rs 335, the uptrend wave is likely to continue. A close above Rs 335 could take the stock towards Rs 355-360. Traders may prefer to exit from trading long positions on a close below Rs 335.

Mega Merger: 7 metal companies of Tata Group to be merged with Tata Steel https://ift.tt/S2fKV0Z board of Tata Steel has approved the amalgamation of 7 of its subsidiaries - Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, TRF, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining into and with its parent company Tata Steel.

Review of holding rule likely to give FPIs more room on Indian bourses https://ift.tt/aeJ9uOb FPI is barred from making fresh purchases of a stock on the floor of the exchange once its stake in the company exceeds 10%. This stems from the regulation under which the entire holding is treated as foreign direct investment (FDI).

Interest rate cycle close to peaking in India: Rajeev Radhakrishna https://ift.tt/xtT5lFR us, the impact is mostly going to come through the currency route, which the Monetary Policy Committee should factor in. Dollar strength will weigh on us as we are net importers with consumer inflation above the target range alongside continuing dependency on capital flows on the overall balance of payments.

Stocks to buy or sell today: Top 10 short-term trading ideas by experts https://ift.tt/u4YdS6J S&P BSE Sensex plunged more than 400 points while Nifty50 broke below 17600 in the first 15-minutes of trade. The rupee hit a record low against the Dollar at Rs 80.40 per USD compared to Rs 79.98 per USD recorded in Wednesday’s session.

Indian govt not averse to weaker rupee vs dollar - source https://ift.tt/u4YdS6J Reserve Bank of India has been selling dollars to alleviate the depreciation pressure on the rupee due to the surging dollar and foreign portfolio outflows. e central bank sold a net of $19 billion from its reserves in July alone to prevent the rupee from falling much below 80.

Global PE investors warm up to India's microfinance sector https://ift.tt/PNMrSBA one of the biggest investments in the microfinance space in recent times, British International Investment along with existing investors Incofin Investment Management, Nordic Microfinance Initiative (NMI) and Dutch impact investor Triple Jump will be putting in about $25 million or ₹196 crore in Ahmedabad-based Light Microfinance, which has made strides over the past few years.

Big Movers on D-St: What should investors do with Triveni Turbine, Bharti Airtel and Cipla? https://ift.tt/DvizWVy major Bharti Airtel's revenue increased at a yearly rate of 4.14 per cent during the past five years, compared to the industry average of 1.37 per cent. The market share climbed from 58.61 per cent to 67.06 per cent during the same time.

Wall Street slumps as investors absorb hawkish Fed rate message https://ift.tt/FhcCHGS, policymakers also signaled more large increases to come in new projections showing its policy rate rising to 4.40% by the end of this year before topping out at 4.60% in 2023. This is up from projections in June of 3.4% and 3.8% respectively.

Exit barriers for customers not acceptable: Sebi Chief to Fintechs https://ift.tt/ZrLmwuk the regulator senses that there are inadequate disclosures then the question is, is the investor being misled or if he is being conned? If your business model is woven around a black box which is not open to sunlight or is not capable of being validated or audited it cannot be permitted, said Buch.

Stocks in the news: Wipro, Tata Steel, Hero Moto, Yes Bank and Indian Hotels https://ift.tt/AEqa2u1 Bank's board has approved the sale of stressed assets worth around Rs 48,000 crore to JC Flowers ARC, which has turned out to be the sole bidder for the portfolio.

Retail credit too a marker of growth, share on a par with business loans https://ift.tt/ODKd8RG size of the total lending market in India has grown to Rs 174 lakh crore at the end of March, with retail loans contributing 48.9%. The share of commercial loans was at 49.5% and the balance 1.6% was contributed by microfinance, according to a study by credit bureau CRIF High Mark.

Wall Street falls as Fed, Ford forecasts, give fright https://ift.tt/ODKd8RG U.S. central bank is widely expected to hike rates by 75 basis points for the third straight time at the end of its policy meeting on Wednesday, with markets also pricing in a 17% chance of a 100 bps increase and predicting the terminal rate at 4.49% by March 2023.

Cement companies to post strong H2 on cost gains, price rise https://ift.tt/ODKd8RG capacity utilisation for most of the large cement manufacturers is between 77 per cent and 85 per cent. As demand improves, companies are likely to either increase cement prices or retain the recent price jumps.

RBI removes Central Bank from PCA framework https://ifttt.com/images/no_image_card.png"The performance of the Central Bank of India, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Supervision. It was noted that as per the assessed figures of the bank for the year ended March 31, 2022, the bank is not in the breach of the PCA parameters," the RBI said in a release.

Bitcoin tops $19K; XRP, Solana & Ethereum zoom up to 10% https://ift.tt/s5nNSot the top crypto tokens are trading higher. XRP rallied more than 10 per cent, whereas Solana and Ethereum jumped 5 per cent each. Bitcoin and Avalanche added 4 per cent each.

Wall Street ends higher after choppy trading ahead of Fed https://ifttt.com/images/no_image_card.png"This is all about what's going to happen on Wednesday, and what comes out of the Fed's hands on Wednesday, so I think people are just going to wait and see until then," said Josh Markman, partner at Bel Air Investment Advisors.

Stocks in the news: Adani Enterprises, Welspun Corp, KIMS, Ceat and Natco Pharma https://ift.tt/1SKmuzT flagship company of the Adani Group, Adani Enterprises, has raised Rs 100 crore by allotment of 1,000 non-convertible debentures of face value of Rs 10 lakh each on a private placement basis.

A short-term bet on Bharat Bond ETF can help earn a return of up to 6.58% https://ifttt.com/images/no_image_card.png"If you hold till maturity, you can earn about 150-175 basis points higher returns than bank fixed deposits with good liquidity," said Harshvardhan Roongta, CFP, Roongta Securities. A fixed deposit with HDFC Bank of six months to a year would fetch 4.65% in interest, while that with SBI for 180-210 days would return 4.4%.

NARCL offers Rs 3,500 cr to take over Jaypee Infrastructure debt https://ift.tt/2bP8qo4 Infratech, a real estate and infrastructure company, was among the initial 12 companies the Reserve Bank of India (RBI) had referred to the National Company Law Tribunal (NCLT) in August 2017 under the Insolvency and Bankruptcy Code (IBC).

Inox Green Energy plans to launch Rs 740-cr IPO in next 30-45 days: CEO Kailash Tarachandani https://ift.tt/mrCKftU is Inox Green Energy Services' second attempt to go public. In February, the company had filed the Draft Red Herring Prospectus (DRHP) for its proposed IPO with the markets regulator Sebi.

What changed for market while you were sleeping https://ift.tt/Ec7K8y9 markets idled in Asia on Monday as investors braced for a week littered with 13 central bank meetings that are certain to see borrowing costs rise across the globe and some risk of a super-sized hike in the United States. MSCI's index of Asia-Pacific shares outside Japan was trading 0.29 per cent lower.

Time to invest in pharma funds for a contrarian play? https://ift.tt/FQhjPWt the past one year, the Nifty Pharma Index has shed 12.4% as against the 1% gains in the benchmark Nifty 50. Mutual Funds that bet on pharma stocks have fallen 14.2% on an average in the past one year. So far in 2022, they have declined 12.4% on an average, according to Value Research.

Inox GFL targets zero debt by fiscal end https://ift.tt/AflM3C7 Wind has recently announced an initial public offering for Inox Green Energy Services (IGESL), which is expected to hit the primary market next month. The IGESL IPO comprises fresh issuance of equity shares worth ₹370 crore and an offer for sale of ₹370 crore by promoter Inox Wind.

Insolvency and Bankruptcy Code changes to hasten, maximise recovery https://ift.tt/FQhjPWt separate notifications over the weekend, IBBI allowed creditors to sell part assets in case they get more value. More importantly, the regulator also announced a performance-based pay structure for resolution professionals (RPs). Both moves will have far-reaching changes to recoveries, consultants said.

Top Chinese epidemiologist asks citizens not to touch foreigners to avoid monkeypox, faces backlash https://ift.tt/apfXkb5 on Friday reported its first case of monkeypox in Chongqing city after a person who arrived from abroad developed rashes while in COVID-19 quarantine. Following this, China's top epidemiologist Wu Zunyou warned citizens not to have skin contact with foreigners and recent returnees from abroad to avoid contracting the disease.

Refreshing change: Setting of new standards underway at Sebi https://ift.tt/5GyTvzU change was stark and significant. There was a clearly laid out direction in which the regulatory framework to be headed. There was a recognition of the importance of market participants’ views and their issues. There was focus on logic and data behind regulatory changes. And there was an acknowledgement that the role of regulators goes beyond regulating, to nation building.

After demerger of pharma business, up to 37% upside seen in Piramal Enterprises https://ift.tt/6Jfiy3z management will now be looking to scale up its loan book, which will entail a consolidation in the wholesale book and strong growth in retail. Even the retail mix will improve, which may translate into a decline in borrowing costs and an upgrade in its credit rating, said Motilal Oswal.

4-point checklist to evaluate the potential of an investment https://ift.tt/ktZCgKj is perhaps the most critical metric on which investors evaluate their investment. The returns an investment offers given the level of risk associated with it. It enables you to compare high-risk and low-risk return investments.

Harsha Engineers IPO gets 74.7 times subscription https://ift.tt/6Jfiy3z IPO was a mix of a fresh issue of shares aggregating to ₹455 crore and an offer for sale of up to ₹300 crore. On Tuesday, the company raised ₹226 crore from anchor investors ahead of its public issue by allotting 68.41 lakhs shares to institutions.

GMR Airports to repay bulk of Rs 1,330-cr domestic bonds https://ift.tt/VnrDFOT Airport Ltd is the holding company of Delhi International Airport and GMR Hyderabad International Airport. Groupe Aeroport de Paris (Groupe ADP), a major international airport operator, has a 49% stake in GAL.

India faces heat at WTO over rice export curbs https://ift.tt/SsTeMZk a meeting on Thursday, the United States, the European Union and Senegal posed questions about the decision's adverse effect on global markets. They said it would cause market volatility and undermine collective efforts in fighting the world food crisis.

Bitcoin below $20K, Ether breaches $1,500; altcoins tank https://ift.tt/210jald global cryptocurrency market cap was trading significantly lower at $959.65 billion, dropping more than 3 per cent in the last 24 hours. However, the total trading volume gained as much as 8 per cent, close to $84.22 billion.

Oil extends losses on recession fears https://ift.tt/XORatJA fundamentals are still mostly bearish as China's demand outlook remains a big question mark and as the inflation fighting Fed seems poised to weaken the U.S. economy, OANDA analyst Edward Moya said in a note.

RBI could go for a 50 bps rate hike this month: Nomura https://ift.tt/QAverV3 said India’s terminal repo rate in this tightening cycle may rise to 6.1% by March 2023, against its earlier terminal rate projection of 6%. The repo rate currently stands at 5.4%.

Lenders' Dilemma: Restart Srei sale or review non-compliant bids https://ift.tt/Tn28V1H majority of lenders did not favour accepting a non-compliant EMD since that would require changing the terms of the RFP and reinviting bids. Some lenders, however, were worried that the alternative option - liquidation of the twin Srei companies - will result in lower recoveries.

Shankar Sharma backed-Annapurna Swadisht hits primary markets. Worth a look? https://ift.tt/PCRgnE0 Swadisht enjoys a strong track record of having ramped up its turnover in the last 4 years via its focus on brand building and positioning its products in a low cost segment and it gains market share in East India, said Profitmart Securities.

Tamilnad Mercantile Bank: Should buy, sell or hold after muted listing? https://ift.tt/YrEtZ04, analysts remain positive on the private lenders despite its muted debut at the bourses and suggest that investors should hold the counter for a longer run. However, any fresh entry at current levels shall be avoided, majority of them said.

Tata Motors, HDFC Bank among 8 stocks that can rally in near term https://ift.tt/rAnkd5y rising volatility, analysts believe that technicals suggest some solid action in select counters in the near term.

SBI on a roll, m-cap crosses Rs 5 lakh crore https://ift.tt/yE4BwCQ of the public sector lender gained 188% in the last two years, surpassing the market value of blue chips such as HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC, HCL Technologies, Maruti Suzuki, Bajaj Finance, and Asian Paints to become the seventh most-valued company in India.

Tata Steel to raise Rs 2000 crore through issuance of NCDs https://ift.tt/7HDeCW9 date date of allotment for first series is September 20, 2022 and its date of maturity is September 20, 2027.

Goldman Sachs downgrade Infosys, TCS, TechM to sell from buy https://ift.tt/sFZoXUn Sachs downgraded Infosys to sell with a target price of Rs 1244. The global investment bank is of the view that the valuations are still high and not factoring in a downcycle ahead.

Harsha Engineers IPO kicks off: Should you subscribe? https://ift.tt/7HDeCW9 IPO consists of the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload shares worth Rs 300 crore via offer for sale (OFS).

10 FMCG stocks rose 50-100% in a year; time to explore this theme ahead of Diwali? https://ift.tt/CZxL6YM stocks are typically known as defensives and usually attract investors' attention amid strong demand led by a good monsoon, fall in commodity prices as well as the festive season.

Bitcoin holds $20,000; Solana, Avalanche & Polygon shed up to 11% https://ift.tt/tliJQzL crypto tokens were trading with big cuts as Solana plunged 11 per cent, followed by Avalanche which was down over 9 per cent. Polygon and Bitcoin dropped 8 per cent each. XRP and Ethereum shed 6 per cent each.

Asian shares extend global selloff amid bets on more aggressive Fed https://ift.tt/erlTWVn S&P 500 futures and Nasdaq futures rose 0.1%, after a heavy sell-off. The Dow Jones Industrial Average plunged 3.94%, the S&P 500 lost 4.2%, and the Nasdaq Composite dropped 5.16%.

Economy resilient, decline in forex kitty not a worry yet https://ift.tt/iXuBt50 fell $89 bn in ten months to $553 bn as of September 2022, but are adequate to cover 8.9 month of imports compared to 4.1 months in May 2013 and ratio of short-term debt to reserves at 44 per cent compared to 60 per cent in June 2013 an analysis of official data shows.

Re recovers to 79.15/dollar, its highest level since Aug 3 https://ifttt.com/images/no_image_card.png"Corporate flows helped the rupee to gain against the dollar," said Anil Bhansali, head of treasury at Finrex Treasury Advisors. "With overseas investors turning net buyers of local securities the sentiment is also weighing on the rupee. We could see fresh buying interest from oil companies at 79.05 level."

Analysts are betting on 7 midcaps that can rise up to 31% in one year https://ift.tt/d7igmTv is a list containing Midcap stocks which in the past 1 week gave positive stock returns; had their latest average SR+ score of minimum 7 which also improved by at least 1 point week on week; had a minimum of 4 analysts recommending the stock with a rating of “Strong Buy” or “Buy”; and had a positive upside potential returns in the coming 1 year period according to the mean price targets given by all the analysts covering the individual stocks.

Hold Bajaj Finserv? Here's how many shares shall be credited post stock split & bonus issue https://ift.tt/Cud6sRK you had one share of Bajaj Finserv, your shareholding in the stock shall increase by (1x5x2) considering a 5:1 stock split and 1:1 bonus shares. For every share held post the split and bonus in Bajaj Finserv, you will own 10 shares and its share price will also reduce by one-tenth to Rs 1700 per share.

Arbitrage funds may be back in favour after facing big pullouts https://ift.tt/XKSfDwr funds benefit from the price difference between cash and futures market. They earn a spread by buying in the cash market and selling in the futures market. Financial planners point out that many investors who are staggering investments into equities use arbitrage funds as a parking vehicle, due to lower taxation as compared to debt funds.

Sebi seeks review of SC ruling in PC Jewellers insider trading case https://ift.tt/a3eEHXG and the Securities Appellate Tribunal (SAT) took the view that the common address could be construed as "preponderance of probability" that price-sensitive information could be shared among parties. However, in April, a two-judge bench of the Supreme Court ruled that both Sebi and SAT had erred since they did not take into account family disputes.

Defence stocks fly high on strong order books, export potential https://ift.tt/bHN3rfo order books from the ministry of defence have caused defence stocks to surge. With comfortable valuations, better outlook on profitability led by a higher indigenization theme, and better operating leverage, analysts are bullish on stocks such as HAL, BEL, Bharat Dynamics, and Garden Reach, among others.

Piyush Goyal to chair reconstituted Board of Trade meet on Tuesday, $2 trillion export aim on agenda https://ift.tt/N2T1PBo meeting comes ahead of the government likely to announce the new Foreign Trade Policy later this month and the country’s merchandise exports shrinking 1.15% in August- the first drop since November 2020. The board includes participants from states, union territories, and senior officials from public and private sectors and provides a platform to discuss ways on boosting manufacturing and exports.

Hot Stocks: Global brokerages on Maruti Suzuki, IGL, Mahanagar Gas, and Gujarat Gas https://ift.tt/N2T1PBo global investment bank expects policy-related developments to be positive for the Indian gas sector. Local developments have the potential to reverse 3-5 years of underperformance, said the note. It maintains IGL as the preferred overall gas pick with a target of Rs 490. It is positive on MGL with a target of Rs 1040, and Gujarat Gas with a target of Rs 580.

PVR, Inox Leisure shares rally on strong box office collections for Brahmastra https://ift.tt/EHzl98V from this, multiplex operator PVR has convened a meeting of its shareholders as well as creditors on October 11 to seek their approval for the scheme of merger with Inox Leisure, pursuant to the order of the National Company Law Tribunal's Mumbai Bench.

Stocks to buy or sell today: 10 short-term trading ideas by experts for 12 Sept https://ift.tt/N2T1PBo highest new open interest (OI) addition was seen at 18,000 for Calls and 17,000 for Puts in weekly and at 18,000 for Calls and 16,000 for Puts in monthly contracts. Hence, 18,000 will act as a crucial resistance level.

Bank stocks surge on cleaner books and loan pick-up, can rise further https://ift.tt/7vW8Oip said the bullish momentum means the Bank Nifty index could outperform Nifty in the near-term. The Nifty Bank index has rallied 5.7% and 15.19% in the last one month and three months, respectively. The Nifty 50 index has gained 1.76% and 8.22% during this period.

Consultations underway with stakeholders for making national e-commerce policy: DPIIT secretary Anurag Jain https://ift.tt/EWGQcw6 in the Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain said that a draft of the policy has been prepared after detailed public consultations and valuable suggestions have been received. "Stakeholders' consultations are underway to formulate the national e-commerce policy," he said.

Political parties fear public anger over Bengaluru rain may affect poll outcome https://ifttt.com/images/no_image_card.png​​The heavy rains in the city has exposed the infrastructure fault lines, resulting is massive destruction and inconveniences to common man. Many IT industry stalwarts and companies have even said that the "brand Bengaluru" has taking a hit. ​The IT industry in Bengaluru bore the brunt of the heavy rains.

India's merchandise exports to rise over 11 per cent to $114 billion in July-September: Report https://ift.tt/yv6SoAN bank said that the rise in exports during the second quarter of FY23 could be shadowed by softening global commodity prices. Slowdown in major trade partners, inflationary pressures and tight monetary policies around the world could also offset the exports gain, as per the Exim Bank data.

Where is gold headed next week? Praveen Singh of Sharekhan decodes https://ift.tt/xpXVRkg rallying risk assets, the 10-year US yields inched higher to finish over 1% higher at 3.315%, which is close to its cyclical high. The gold rally has faltered once again at $1730 level. The factors that led to a decline in the US Dollar Index are unlikely to be effective for long. Traders will use rallies in gold to sell with $1675 level in focus on the downside. The upside is capped at around $1750.

Why Smart Beta Funds could be the next frontier to get “alpha” https://ift.tt/AIdrVFs Smart-beta strategies are mechanical ways of assembling bundles of companies other than by their total stock-market value, as conventional index funds do. Compared to the Indian fund industry, where AUM of all smart-beta strategies is less than $1 billion put together as of August 2022, the popularity of Smart-beta funds is way higher with AUM of $1.3 trillion-plus in the global investing world.

These 7 companies gain upto 750% in 5 years https://ift.tt/FAiyJMg careful analysis of companies that consistently grow cash from their operation, only 7 stocks have made the cut which have gained over 100 per cent in the last 5-year time frame.For this analysis, Nifty 500 companies were considered which were able to increase their operating cash from each preceding fiscal year since FY18. To examine further only companies with Debt-to-equity (D/E) ratio less than 0.5x in FY22 were picked. (Data Source: ACE Equity).

What is driving the stock market – noise or facts? https://ift.tt/mK694Sa the markets move in cycles and it has the tendency to be forward-looking. Therefore, both the good and the bad news gets discounted before it has truly occurred. The news that the West could go into recession is no longer ‘NEWS’. It has been fairly discounted by the market like it had discounted previous major events.

5 world market themes for the week ahead https://ift.tt/R8FweLo Bank of England meets on Thursday and must gauge the implications for inflation from the government's huge energy bill bailout of households. The measures will bring down price pressures in the short-term but could stoke them further ahead as consumers are spared the worst of the hit to their finances.

CCI finds no violation of competition law by Asian Paints https://ift.tt/rZy56V0 Paints, a unit of the steel-to-cement JSW Group, is a recent entrant into the decorative paints market where Asian Paints holds about 40% share. The company had alleged in 2020 that Asian Paints was using its dominant position in the market to block its entry into the states of Karnataka, Telangana and Tamil Nadu.

Only RBI-oked loan apps to make it to app stores https://ift.tt/qYI5bn1 comes after Finance Minister Nirmala Sitharaman on Thursday held detailed deliberations in respect with legal, procedural & technical aspects of issues related to illegal Loan Apps with officials from finance ministry, corporate affairs, electronics & information technology and RBI.

FMCG stocks in sweet spot: BNP Paribas picks 3 stocks to buy https://ift.tt/YqJZ5ua the foods business, companies have implemented grammage cuts for biscuits as an increase in the cost of wheat weighed. Brands like Marie Gold, Milk Bikis, Krack Jack saw price hikes in the last two months, while price for Parle-G increased by 20% in the last six months. Reputed FMCG firm Nestle has also increased the price of its Coffee but with a lag.

A 100-year-old Indian bank set to raise $100 million amid curbs https://ift.tt/J4HzYyS demand to invest in the Tamil Nadu-based bank hasn’t been deterred by minority shareholders’ objections and various curbs imposed on it. The lender needs permission from a high court to hold annual shareholder meetings and has been restricted by the central bank from opening new locations.

Stocks to buy or sell today: 10 short-term trading ideas by experts https://ift.tt/ke93Nxg the momentum, experts see Nifty50 inching towards 18000 levels in the next few sessions. “We believe further buying will enable the indices to come out of this consolidation range and can take the indices towards crucial levels of 18000,” Mohit Nigam, Head - PMS, Hem Securities, said.

Big Movers on D-St: What should investors do with L&T, ICICI Bank and Bank of Baroda? https://ift.tt/cgymSh5 that were in focus include names like L&T which formed a Golden Crossover and rose nearly 1 per cent, ICICI Bank which gained over 2 per cent to hit a fresh 52-week high, and Bank of Baroda which gained over 3 per cent.

Oil prices retreat on demand destruction fears, benchmarks off 4% for week https://ift.tt/J4HzYyS drop has come despite a small output cut by the Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, Russia's threat to cut oil flows to any country that backs a price cap on its crude, and a weaker outlook for U.S. oil production growth.

Reliance Power to offload 15% stake to VFSI Holdings for 933 crore https://ifttt.com/images/no_image_card.png"Issuance of up to 60 crore equity shares and/or warrants convertible into equity shares through preferential allotment on a private placement basis to VFSI Holdings Pte. Limited, and in this regard, to enter into an investment agreement with the investor," Reliance Power said.

Adani Group sets Oct 17 as start date for NDTV open offer https://ift.tt/w2O54Dm last date for the public announcement for competing offers stands at September 21 and, if everything goes right, the tendering period for open offer will commence on October 17. The company intends to make a cash offer at a price of Rs 294 per share to acquire up to 16,762,530 shares, representing a 26 per cent stake.

Dollar resumes climb in Asia as Powell speech, ECB loom https://ift.tt/nT8rS7j rhetoric has continued to be hawkish overall, with Boston Fed President Susan Collins saying overnight that bringing inflation back down to 2% is the Fed's Job One, while Fed Vice Chair Lael Brainard commented that tight monetary policy will continue "for as long as it takes to get inflation down.

India’s global market cap share at all-time high https://ift.tt/w2O54Dm relative outperformance has propelled India’s share in global market cap to an all-time high of 3.5%, rebounding from a low of 2.05% on May 19, 2020, in the aftermath of the pandemic-triggered collapse in share prices.

Oil prices rise on spectre of Europe energy rationing https://ift.tt/rMJkXpQ crude futures rose by 25 cents or 0.3 per cent to $88.25 per barrel by 0033 GMT after closing at their lowest since early February in the previous session. US crude futures were up 40 cents, or 0.5 per cent, at $82.52 per barrel.

Jindal Poly Group company minority shareholders seek forensic audit https://ift.tt/w2O54Dm shareholders' group has sought removal of existing directors Shailendra Sinha, Vinod Kumar Gupta, Sanjiv Kumar Agarwal, Rathi Binod Pal and Sonal Agarwal on the grounds that they did not perform their fiduciary duties.

Max Ventures to buy Acreage Builders for Rs 292 crore; stock zooms 5% https://ift.tt/HqyIs9d the update, at 12.47 pm, the scrip was trading 3.45 per cent higher at Rs 131.80 over the last day’s closing of Rs 127.40 a piece. The stock has rallied 196 per cent in the last three months and is up nearly 45 per cent in the past one year.

Indian origin CEOs head over 5% of S&P 500 companies https://ift.tt/xdXTV25 sourced from Bloomberg shows that the 26 companies that have Indian-origin CEOs effectively constitute over 5% of the S&P 500 Index and 13% of its total market cap.

Adani closes in on Bezos with 1,000% stock surge https://ift.tt/TP16BCM surging fortune is due in part to the jump in oil and natural gas prices, which has lifted the MSCI World/Energy Index to a 36% total return in 2022, compared with an 18. 4% loss for the broader gauge of global stocks.