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Not only a healthy wallet, Dr Devi Prasad Shetty’s tips for a healthy heart https://ift.tt/nlIOCTF Devi Prasad Shetty, Chairman & MD of Narayana Health, advises restricting carbohydrate intake and becoming spiritual for a positive impact on health. He emphasizes the importance of preventive check-ups, especially for those engaging in extreme sports. Shetty suggests wearing a smartwatch and walking 8,000 to 10,000 steps per day. He also warns against prolonged sitting and recommends practicing good posture, yoga, and quitting smoking. Additionally, he suggests monitoring weight in pounds, reducing carbohydrate consumption, and focusing on protein and vegetables. Regular health check-ups, including blood tests and heart evaluations, are recommended for individuals over 40.

Losing shine? Investment demand for gold plummets to four-year lows https://ift.tt/HbWrM4e Gold prices saw a significant drop due to a surge in US treasury yields, resulting in the largest weekly loss in months. The US central bank indicated another rate hike before the end of the year and signaled fewer rate cuts for the following year. Strong economic data, including increased durable goods orders and low unemployment claims, supported the Federal Reserve's hawkish stance. The rebound in US home prices and rising energy prices also raised inflation concerns.

China stock investors say worst yet to come in property crisis https://ifttt.com/images/no_image_card.pngThat’s the view from nine of 15 respondents in an informal Bloomberg News survey of analysts and money managers based in Hong Kong and mainland China. Six of them listed housing woes as the biggest risk for equities for the final quarter of 2023. Geopolitical tensions emerged as the second-biggest concern.

S&P 500 dips after US inflation data, ending weak third quarter https://ift.tt/Yk9dbE0 S&P 500 and Nasdaq posted their biggest monthly percentage drops of the year, while all three major indexes had their first quarterly declines in 2023.

Smart traders turn to crypto perps to escape TDS on virtual digital assets https://ift.tt/3nYiNU6 for punters with the stomach to absorb losses in a market that can suddenly and dramatically turn volatile after a long lull, it's an offering that is neither aggressively marketed nor formally launched by mainline platforms.

Temasek to shed 8-9% in Manipal Hospitals to sovereign wealth funds https://ift.tt/2n6lrMs sovereign wealth fund Temasek is selling 8-9% of its stake in Manipal Hospitals to Abu Dhabi fund Mubadala and Brunei Investment Authority. Temasek will continue to hold a 51% stake in the hospital chain. The sale is part of Temasek's portfolio rebalancing strategy and could potentially help Manipal Hospitals in the future with large-scale expansion opportunities.

Abu Dhabi's IHC set to exit two Adani companies, signs definitive pact https://ift.tt/yYx58VX IHC did not disclose the name of the buyer and the value of the deal, people with knowledge of the matter said the investor could be exiting at a steep loss given that stocks of both Adani Green Energy and Adani Energy Solutions (formerly Adani Transmission) were trading much below the price at which it had invested in the companies last year.

External debt rises 2.7% to $629 billion as of June end https://ift.tt/sCuHT6l deposits as reflected in debt from "Deposit-taking Corporations, except the Central Bank" increased 6.5 percent in the June quarter to $167 billion from $157 billion a year ago. While outstanding overseas borrowings as reflected in debt from "Non-financial corporations remained flat at $250 billion" remained flat at $ 250 billion over the period. The RBI data also indicated that outstanding debt of the general government decreased, while non-government debt increased at end-June 2023.

India-Canada row: Hardeep Singh Nijjar met Canadian intelligence officers every week before death, says son https://ift.tt/qljwEhB son, 21, said his father met officers of Canadian Security Intelligence Service (CSIS) “once or twice a week,” including one or two days before his murder, Vancouver Sun quoted him as saying. His father was scheduled to meet CSIS two days after his death, he added. In an interview, Nijjar's son said that the meetings began in February and had increased in frequency in the months leading up to the killing.

Chinese virus expert, known as batwoman, warns new coronavirus outbreak in future https://ift.tt/M9qYjS0 recent research assessed the risk of different coronavirus species spilling over into human populations, with alarming results. The study concluded that future disease emergence is almost certain. Shi's warning comes amid controversy surrounding the origins of the Covid-19 pandemic, with US officials accusing the Wuhan Institute of Virology of risky experiments.

Chinese virus expert, known as batwoman, warns new coronavirus outbreak in future https://ift.tt/M9qYjS0 recent research assessed the risk of different coronavirus species spilling over into human populations, with alarming results. The study concluded that future disease emergence is almost certain. Shi's warning comes amid controversy surrounding the origins of the Covid-19 pandemic, with US officials accusing the Wuhan Institute of Virology of risky experiments.

S&P sees growth crossing 6% on domestic uptick, private capex https://ift.tt/jQJy0KN this week, S&P retained its forecast for India's economic growth at 6% for FY24 and 6.9% for the subsequent two years. "The risks are fairly balanced, especially on growth. In fact, growth could come in higher given that the domestic economy remains fairly strong," Rana stated, pointing out that the external environment and inflation could dampen growth.

More than 100 dead, 150 injured in Iraq wedding inferno https://ift.tt/2ShejBA fire at a wedding party in Iraq's Nineveh province has left over 100 people dead and 150 injured. The fire, which broke out after fireworks were lit during the celebration, ripped through a large events hall. Preliminary information suggests that the building was made of highly flammable construction materials, contributing to its rapid collapse. Ambulances and medical crews have been dispatched to the site by federal Iraqi authorities and Iraq's semi-autonomous Kurdistan region. The search for survivors is ongoing.

Private credit funds exiting early to lower borrower stress risks https://ift.tt/oePca0l that manage to raise funds through public listing, share sale to private equity or through the sale of assets prefer to pay up the credit availed from such funds, which are usually at near usurious interest rates, rather than waiting for the debt to mature.

Bajaj Finance shares rise as fundraising talk brings cheer https://ift.tt/nEQIwoX fundraising plan helped the stock shrug off the recent underperformance on account of concerns over rising competition and pricey valuations.

RBI imposes Rs 1.3 crore penalty on SBI for not adhering to norms https://ift.tt/A2SLbzw examination of a risk assessment report showed non-compliance with directions by SBI to the extent that the bank sanctioned a term loan to a corporation in lieu of or to substitute budgetary resources envisaged for certain projects without undertaking due diligence on the viability and bankability of the projects, the RBI said in a statement on Monday.

Rupee to also gain from India entry into global bond index https://ift.tt/FuxUC7o the Reserve Bank of India is likely to absorb some of the dollar inflows and ensure competitiveness of exports, the stable influx of overseas funds is seen providing the rupee a cushion against a multi-year ascent in US bond yields and hardening crude oil prices.

Promoters can hold onto CCCL as NCLAT backs settlement offer https://ift.tt/xwG1ItT R Sarabeswar, managing director S Sivaramakrishnan and director of operations VG Janarthanam are designated as promoters on the company's website.

RBI concerned over high bad loans at Urban Coop Banks https://ift.tt/nEQIwoX governor said that even as UCBs have their cumulative non-performing assets ratio improved to 8.7%, this is "not a comfortable number". The banking sector gross NPA has eased to a decadal low of 3.9% at the end of March. Granularly, some of the UCBs have very high NPA which according to Das "not at all satisfactory".

RBI cancels licence of 'The Kapol Co-operative Bank' https://ift.tt/LgCkh4I to the cancellation of the licence, the cooperative bank has been prohibited from conducting the business of 'banking' which includes, among other things, acceptance of deposits and repayment of deposits with immediate effect, the Reserve Bank said in a statement.

40% duty on certain onion varieties may be rolled back https://ift.tt/nEQIwoX government on August 19 imposed a 40% duty on all types of onions exported from India to tame strong bullish trend in onion prices. This caused a nearly 70% fall in onion exports, said market sources. Meanwhile, in a meeting held on Monday, traders from Nashik decided to continue their onion strike that started on September 20. This is not likely to affect the onion prices in the country.

Large unlisted companies may be regulated https://ift.tt/f8cRQ74 the proposed framework, such entities could be mandated to submit quarterly filings of financial statements with the MCA, among others, said the person, who did not wish to be identified. The proposal gained traction after the alleged corporate governance lapses at edtech firm Byju's this year. The person said once the Company Law Committee under MCA secretary Manoj Govil takes a final call on such a regulatory framework, it could classify large unlisted companies based on factors such as their revenue and turnover. "A final decision on this issue will be taken by the committee soon," he said.

What JP Morgan’s bond move will mean for fixed income investors in India https://ifttt.com/images/no_image_card.png“The index inclusion process is a staggered process that starts from the middle of next year and ends by March ‘25. So, we will see flows coming into the markets over a period of time and it is a significant development from the perspective of ensuring that there is a new source of demand for government bonds.”

NSE plans longer F&O trading hours https://ift.tt/IG1rX4K exchange is proposing an evening session, possibly between 6 pm and 9 pm, when market participants can continue trading futures and options contracts after the regular session between 9:15 am and 3:30 pm is over, said one of them. The NSE might consider extending this session to 11:30 pm at a later stage, the person said.

JHESL eyes foreign markets for its OCTG products https://ift.tt/5LvYzZm is a 51:49 venture between US-based Hunting Energy Services and domestic pipes maker Jindal SAW.

Tata Motors DVR among 6 stocks that are near the buy point. Take a look https://ift.tt/e5hjxim has a positive view on six stocks that it believes are near the buy point. These stocks include Tata Motors DVR, Triveni Turbine, and MRF. Take a look

Updater Services IPO to open on September 25. Here are 10 things to know about the offer https://ift.tt/IG1rX4K company offers integrated facilities management (IFM) services and business support services to its customers, with a pan-India presence. Its portfolio of services evolved over the years to cater to diverse customer segments across sectors including FMCG, manufacturing and engineering, BFSI, healthcare, IT / IteS, automobiles, logistics and warehousing, airports, ports, infrastructure, and retail, among others.

JSW Infra's Rs 2,800-crore IPO to open on Monday. Here are 10 things to know about the offer https://ift.tt/ERN9zZY IPO is entirely a fresh equity issue of Rs 2,800 crore. This is the first IPO from a JSW Group company in 13 years after JSW Energy listed in 2010.

Gold faces headwinds as hawkish Fed, rising yields pale optimism https://ift.tt/ERN9zZY FOMC meeting's tone was more hawkish than anticipated, resulting in the strengthening of the US dollar to a six-month high and a rise in US 10-year treasury yields to 4.5%, the highest level since 2007. These factors weighed down on gold, which is a non-yielding asset.

Multilateral Development Banks need discontinuous change: Larry Summers, former US Treasury Secretary https://ifttt.com/images/no_image_card.png"We need discontinuous change, not merely continuous evolution. That change must be both quantitative in the scale with which they operate and qualitative in the way in which they operate," said Larry Summers.

Maritime and land routes not distinct but part of silk roads ecosystem: Peter Frankopan https://ifttt.com/images/no_image_card.png"Certainly, massive new investment in infra, energy, transport and communications can, and will, help boost trade even further. But this is a proposed stimulus to something that already exists. The Middle East is already home to a large Indian diaspora, and there are very close trade ties already; the same with Europe," Frankopan said.

Showing (Corri)door to China's clout: How IMEC can help India leverage its trade and geopolitical potential https://ift.tt/ERN9zZY precise route map of the corridor will be figured out when the stakeholders meet in the next two months. But a Memorandum of Understanding (MoU) unveiled on the sidelines of the G20 leaders’ meeting shed light on its broader contours — a transit through India, the United Arab Emirates (UAE), Saudi Arabia, Jordan, Israel, and Europe. The proposal also includes a new railway line across the Arabian peninsula, with cables for electricity and digital connectivity and pipes for clean hydrogen running in parallel.

Dalal Street Week Ahead: Tread Carefully! Corrective action can take Nifty to 19,000 levels https://ift.tt/CUswenZ the corrective decline, the volatility index, as represented by India VIX, did not rise. In fact, it declined marginally by 2.20% to 10.66 on a weekly basis. This continues to keep the markets vulnerable to incremental corrective retrenchment.

Why industrial commodity prices are under pressure https://ift.tt/9xwHD87 ahead, as the traditional demand drivers of industrial metals have stalled, the short-term price outlook remains under pressure. Though the new demand areas like the clean energy sector are on the cards, they are unlikely to boost prices in the immediate run.

Ahead of IPO, Updater Services raises Rs 288 crore via anchor placement https://ift.tt/ERN9zZY issue of the integrated facilities management (IFM) services provider will open for subscription on Monday and close on Wednesday. The price band for the IPO has been fixed at Rs 280-300 a share.

Where are yields headed on Indian bonds' inclusion in JPMorgan Global Bond index? https://ifttt.com/images/no_image_card.pngIndia’s economy is doing well when compared to other emerging as well as developed economies. Further, inflation is also likely to trend lower in the coming months, which will keep conditions conducive for the Reserve Bank of India to stay put on rates.

Wall St Week Ahead: Fed wary investors eye mounting risks to US stock rally https://ift.tt/wfRkbmL participants are also grappling with several potential threats to U.S. economic growth, whose resilience this year has helped push stocks higher. Foremost is the challenge presented by higher rates, if the Fed follows through on its pledge to keep borrowing costs elevated as it seeks to decisively turn the tide on inflation.

China an existential threat to US: Indian-American Republican presidential aspirant Nikki Haley https://ift.tt/1x8FArs Republican presidential candidate Nikki Haley has described China as an "existential threat" to the US and claimed that Beijing is "preparing for war." In a policy speech on the economy, Haley alleged that China has been plotting to defeat America for half a century and that its military is already on par with the US armed forces in some respects.

BOJ keeps ultra-loose policy, dovish guidance on outlook https://ift.tt/4GkQHAx are focusing on comments from Governor Kazuo Ueda's post-meeting briefing for clues on how soon the bank could phase out the massive stimulus programme of his predecessor. As widely expected, the BOJ maintained its short-term interest rate target of -0.1% and that for the 10-year bond yield around 0% at a two-day meeting that ended on Friday.

JPMorgan is adding India to its emerging-markets bond index https://ift.tt/3Xp6uDQ index provider will add Indian securities to the JPMorgan Government Bond Index-Emerging Markets starting June 28, 2024. The South Asian nation will have a maximum weight of 10% on the index, according to a statement Thursday.

Capital Goods, BFSI and IT top draws for foreign funds https://ift.tt/23jW4qX selling metals and mining shares worth ₹7,000 crore in August, FPIs offloaded another ₹4,556 crore worth of shares in the sector. Overseas investors also sold power shares worth ₹4,153 crore after they allocated a dominant ₹11,563 crore to the sector stocks in August.

Capital adequacy norms to apply to Nabard, Sidbi https://ift.tt/lBUexc8 per the final directions released on Thursday has stipulated that these financial institutions maintain a total minimum total capital of 9 percent under the first pillar. While they are required to maintain a minimum common equity capital of 5.5 percent and minimum tier1 capital of 7 percent.

HDFC Bank slips as D-St takes in lower profitability forecasts https://ift.tt/U5NKjhC expect the stock to underperform in the near future, while investors might shift focus to peers such as ICICI Bank and Axis Bank.

Diplomatic row with Canada unlikely to impact India's lentil imports https://ift.tt/W4lH7wq diplomatic dispute with Canada is unlikely to affect its lentil imports as the country has diversified its sources and is no longer heavily reliant on one country. India has already imported a significant amount of lentils from Canada, and with the recent exemption of lentils from the US, there are no expected supply issues.

Financial turnaround crucial for Signature Global after listing https://ift.tt/dnmlF65 resulted in an increase in debt. Given these factors, investors need to wait and see how well the company takes advantage of the housing demand in the Delhi-National Capital Region to turn around operations.

RR Kabel to list today; first company to debut within 2 days of IPO closure https://ift.tt/s8we1Co Ratnaveer Precision Engineering was the first company to list under the T+3 regime, RR Kabel will become the first company to list in the T+2 timeline - the second working day after the issue closing on September 15.

Price concerns drive US 5-yr yield to highest since 2007 https://ift.tt/gcWGwQ7 five-year Treasury yield rose as much as 5.5 basis points to 4.5044%, exceeding its 2022 high and climbing to the highest since August 2007. Other Treasury tenors approached their 2023 highs, with the 10-year coming within a basis point of its Aug. 22 peak of 4.36%.

Oil's rally gathers pace as Brent pops above $95 a barrel https://ift.tt/wIbUZpW benchmark Brent topped $95 a barrel for the first time since November. The tighter market has ignited a flurry of predictions that $100 oil could return in a roster than runs from industry heavyweights such as Chevron Corp. Chief Executive Officer Mike Wirth to traditional bears at Citigroup Inc.

Cost overruns of central government projects decline in August to 19.08% https://ift.tt/gcWGwQ7 cost overruns of central government projects worth Rs 150 crore and above decreased to 19.1% in August, marking the fourth consecutive month of decline. However, 54% of the projects were delayed for over two years, with an average time overrun of 36.96 months. The railways ministry had the highest cost overruns, while the roads ministry faced overrun in 185 out of 945 projects.

Rise in global commodities a threat even as easing local vegetable prices cool inflation: RBI bulletin https://ift.tt/gcWGwQ7 Reserve Bank of India has warned of risks to the Indian economy due to rising crude oil prices, which are currently above $90 per barrel. While retail inflation has been brought down by lower vegetable prices, the report highlights the challenge posed by high oil prices. However, economists expect inflation to continue slowing in September, driven by further corrections in vegetable prices.

Rupee makes new closing low of 83.27 https://ift.tt/v9X8QWt the rupee has been weakening against the US dollar over the past weeks, the depreciation in the Indian currency has been far more contained than in the previous year. This year, the rupee has shed 0.6% versus the dollar. In 2022, it had depreciated by about 10% versus the greenback.

Liquidity in the banking system slips to 6-month low https://ift.tt/jDthxEf in the banking system in India has reached its lowest level in nearly six months, causing borrowing costs to rise. Outflows from corporate advance taxes and the Reserve Bank of India's efforts to stabilise the rupee have drained lenders of funds. The RBI has injected funds into the banking system to address the tight liquidity conditions. The rupee has been weakening against the US dollar due to higher crude oil prices, and the RBI has intervened in the currency market through dollar sales. The liquidity situation is expected to improve by the end of the week.

European Commission preparing formal complaint against Microsoft Teams video app https://ift.tt/aM5c49q The EU's investigation was initiated following a complaint from Salesforce's messaging platform Slack. In addition to this, Microsoft is facing two other complaints filed by European cloud groups regarding unfair licensing practices and bundling its OneDrive cloud system with Windows. Both Microsoft and the EU declined to comment.

BOE, ECB must raise rates to avoid stagflation: Prominent economist Nouriel Roubini https://ift.tt/TozugJE Nouriel Roubini has warned that the European Central Bank (ECB) and Bank of England (BOE) should continue raising interest rates to avoid the risk of stagflation. Roubini believes that the recent increase in oil prices will keep inflation high, and any talk of easier monetary policy would be premature. He argues that the ECB and BOE face a bigger dilemma than the US Federal Reserve as prices are rising fast while growth is slowing.

Aramco CEO says notion of peak oil demand driven by policies, not markets https://ift.tt/5rQbWtz CEO of Aramco, Amin Nasser, has challenged forecasts of peak oil demand, stating that the current energy transition narrative is based on unrealistic assumptions. He argues that talk of peak oil demand is driven by policies rather than market forces. Nasser expects oil demand to reach approximately 110 million barrels per day by 2030, emphasizing the importance of investing in oil and gas to ensure global energy security and a smooth transition to cleaner energy sources.

Big movers on D-Street: What should investors do with Bajaj Auto, Restaurant Brands and SpiceJet? https://ift.tt/pS2xGcE that were in focus included names like Bajaj Auto, which rose 6.29%, Restaurant Brands, which gained 6.36%, and SpiceJet, whose shares jumped 0.42% on Friday.

Arm's stellar listing sets the stage for more SoftBank acquisitions https://ift.tt/bnDr0p1 or not Son resumes a feverish pace of acquisitions, having shares in Arm publicly listed will allow SoftBank to more easily use the stock as collateral, will likely improve its credit rating for better borrowing terms and help it take out the margin loans Son favours, analysts say.

Asset reconstruction cos urge RBI to let rich individual investors bet on security receipts of stressed assets https://ift.tt/5rQbWtz ARCs have recently made a pitch to the Reserve Bank of India (RBI) to let wealthy investors subscribe to and trade in 'security receipts' (SRs) which are issued by ARCs to part-pay for loan portfolios bought from banks. These receipts are closest to 'junk bonds' in the emerging Indian financial market for stressed loans.

Dharani Sugars bid puts ARCs on par with NARCL https://ift.tt/e3FJvQh asset reconstruction companies (ARCs) in India are now on an equal footing with the government-owned bad bank NARCL. This comes after private ARCs sought clarification on how to compute the net present value (NPV) based on the initial bid of ₹235.9 crore in the Dharani Sugars case. Banks responded by stating that the comparison value remains ₹235.9 crore, regardless of the payment structure. This allows private ARCs to value their bid at ₹235.9 crore on an all-cash basis or ₹331 crore using a cash to security receipt structure.

Top investment ideas! ICICI Bank, Zomato among 8 largecap stocks that can rally up to 20% https://ift.tt/6jyQ2DC

Nine of top-10 most valued firms together add Rs 1.80 lakh crore in mcap; TCS biggest winner https://ift.tt/js7BgPS Unilever Limited was the only laggard from the top-10 pack. The list of winners had Reliance Industries Limited, TCS, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.

Nifty Bank headed towards new peak, may even touch 47,000: Rupak De https://ifttt.com/images/no_image_card.png“Nifty continued to exhibit strength as the index reached new highs due to large-cap banks and IT stocks. Strong Put writing at 20,100 has further bolstered positive sentiment in the market.”

Midcap Surge: Experts decode India's growth amid global flux https://ifttt.com/images/no_image_card.png“India is undergoing a structural change as an economy. When India's GDP per capita rises, which I anticipate will happen exponentially, we cannot just limit ourselves to large cap names because there are only about 200-300 of them.”

Mind Over Money: Running marathons keeps this real estate director mentally fit https://ifttt.com/images/no_image_card.png“However, as a leader, your role is to ensure that you are performing your job of addressing any given situation in a way that is in the best interest of my company and people.”

Gold trumps most EM stocks, barring India https://ifttt.com/images/no_image_card.png​​Gold returns from local currencies in Turkey, Malaysia, Taiwan, and South Korea have yielded the highest returns over local equities. Kapoor said equity returns in India have exceeded that of gold because the rupee has been ‘fairly stable’, and the business environment has allowed companies to be profitable.

Niti Aayog plans policy to push local production of assistive devices https://ift.tt/u7Fyn26 Aayog has started discussions with the Indian Council of Medical Research (ICMR), World Health Organisation (WHO) and stakeholder ministries to firm up the blueprint for a national integrated policy on assistive devices, a senior government official told ET. India has an estimated 30 million persons with disability as per the 2011 census and over 5% of the people aged 60 years and above have some form of disability.

Rly, defence and power stks will be trending for 3-5 yrs: Sanjiv Bhasin https://ifttt.com/images/no_image_card.png"The under ownership in railway, defence and power continues to be a sour spot. There are enough people who are calling it for a top and so on. They may be when stocks go up 300%; if a 20% downside happens, there will be alarm bells but in no way can you change the future of these companies. These are now trending for the next three-five years.”

4 stocks to give 17 %-33% as per analysts’ price targets https://ifttt.com/images/no_image_card.pngNifty’s progress is a testament to the trust Indian and foreign investors place in India’s capital markets and its regulatory legal system to provide a fair, efficient, transparent, low-cost, always available, orderly marketplace that is better than the best in the world

RIL among 10 stocks SBI MF bought & sold in Aug https://ift.tt/xaj0vyu MF's prominent additions were Coforge, HDFC Bank, and Reliance Industries last month while its major reductions included Kotak Mahindra Bank, Jio Fin Services and Maruti Suzuki. New entrants included SBFC Finance and Jupiter Life Line. It, meanwhile, completely exited NRB Bearings. (Source: Nuvama)

JSW Infrastructure's Rs 2,800-crore IPO to open this month https://ift.tt/ZnrFizH company has filed its red herring prospectus with the Registrar of Companies. JSW Infrastructure's forthcoming public offering marks a significant milestone as the first public listing from the JSW Group in nearly 13 years

Positive Breakout: Honeywell Automation and 3 other stocks cross above their 200 DMA https://ift.tt/rE1FiQa

Big movers on D-Street: What should investors do with L&T, Cochin Shipyard and BEML? https://ift.tt/TISyJbN that were in focus included names like L&T, which rose 1.88%, Cochin Shipyard, which fell 10.8%, and BEML, whose shares declined 10.61% on Tuesday.

Investors with risk on their mind bail out of favourites https://ift.tt/sFu9ZGD defence stocks Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Garden Reach Shipbuilders & Engineers declined 3 -9%. In the Railways sector, RailTel Corporation of India, Rites and Rail Vikas Nigam dropped 9-11%.

20K & beyond: Sensex, Nifty hit new highs; mid- and small-caps tumble https://ift.tt/Z3MQGUI Nifty Midcap 150 index dropped 3% and Nifty Small-cap 250 fell 3.9%, Nifty Microcap 250 declined 5.2% on Tuesday - their biggest single-day declines since December 23, 2022.

Analysts on the road ahead for mid- & small-caps https://ifttt.com/images/no_image_card.png​We are in a structural bull market depicted by the acceleration of upward momentum in broader market post breakout from the fi ve-year consolidations of the Nifty Midcap vs. Nifty ratio line.

When smaller stocks get big, margin of safety should get bigger, too https://ift.tt/MbIpCy1 is nearly eight percentage points higher than the long-term average ratio. The ratio has increased over the past three years from 29% at the end of December 2020

Banking and Financial Services players likely vanguards of next surge https://ift.tt/CFDh0Zb believe the banking and financial services sector will spearhead the next market surge in the medium to long term, buoyed by India's economic expansion driven by capital expenditure, burgeoning credit activity, and an upswing in consumer spending.

F&O Ban: SAIL, Delta Corp among 9 stocks under ban on Tuesday https://ift.tt/nBmIgQz F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Reliance Retail Ventures gets Rs 2,000 crore from KKR https://ift.tt/0WXropd investment firm KKR is investing an additional ₹2,069.5 crore in Reliance Retail Ventures (RRVL), increasing its equity stake to 1.42%. This brings RRVL's valuation to around ₹8.36 lakh crore, making it one of India's top four companies by equity value. The investment will be used to fund expansion, retire debt, and prepare for RRVL's initial public offering.

No worries about Jio's foray into financial services : Sanjiv Bajaj, chairman of Bajaj Finserv https://ifttt.com/images/no_image_card.png"The market is large enough. There are many bigger brothers and sisters that we have. Even being present in 4,000 cities (currently) with assets close to ₹3 lakh-crore, we still have less than 2% of India's credit market," Sanjiv Bajaj said, responding to Bain Capital chairman Amit Chandra during a fireside chat after delivering a speech at an event organised by the Indian Merchants Chambers (IMC).

Russian regional vote delivers strong result for Putin amid claims of rigging https://ift.tt/aGjulNy concluded regional and municipal elections on Sunday, with President Vladimir Putin's United Russia party receiving strong support. The vote, which included regions annexed from Ukraine, has been criticized for vote rigging and violating international law. The overwhelming support for Putin's party reaffirms the Kremlin's message of stability.

Breakout Stocks: How are Graphite India, PFC and REC looking on charts for Monday’s trade? https://ift.tt/WiIwgne, buying was seen in infra, realty, public sector, and oil & gas stocks while selling was seen in healthcare and FMCG space. Stocks that were in focus include names like Graphite India which rallied more than 8%, PFC rose more than 12% and REC closed with gains of over 10% to a new high on Friday.

G20 Summit: India ready to lead the new digital age https://ift.tt/FzS2kGy upside here is immense. Forethought by our policymakers, the demographic dividend, and the ambition of our startups and private sectors have elevated the median at which India operates. At 7.8% in the first quarter of the financial year 2023, India is the fastest growing major economy in the world. At a global scale, India is to contribute 15% of the global growth in 2023, as per the International Monetary Fund (IMF)

Corporate actions this week: IRFC, Gujarat Gas to go ex-dividend, Power Grid Corporation ex-bonus and more https://ift.tt/FzS2kGy ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date.

2 mainboard and 1 SME IPO to hit primary markets this week. Check details https://ifttt.com/images/no_image_card.png"A strong pipeline of over USD 9 billion, which has been approved by capital markets regulator Sebi, and another USD 6 billion filed with the capital markets watchdog, of which USD 10 billion should fructify. Remaining fiscal 2023 looks promising for primary markets," Mahavir Lunawat, Managing Director of Pantomath Capital Advisors

Gold prices remain under pressure amid strong US economic data; focus now on CPI data this week https://ift.tt/FzS2kGy Federal Reserve expressed concerns that this robust economic activity could lead to continued inflationary pressures, potentially necessitating further tightening. Moreover, the extension of the OPEC+ output cut led to a rise in oil prices, contributing to inflationary risks

Crude oil price at 10-month high. Now what’s next? https://ift.tt/KTDHkao ahead, though a tight supply outlook offers support to oil prices in the immediate run, other catalysts like worries over the global growth outlook and a firm US currency likely to halt major gains. On the price side, US WTI crude has stiff resistance at $94 a barrel which needs to be cleared for further rallies. Otherwise, there are chances of a choppy with mild negative bias trading on the cards.

How can G20 and other International forums serve as platforms to foster cooperation in the crypto sector? https://ift.tt/DTvtNel a fast maturing sector in its foundational building time, the crypto industry is currently grappling with a lack of consistent regulatory frameworks worldwide. Different countries have adopted varying approaches, ranging from outright bans to embracing cryptocurrencies as legitimate financial assets. This regulatory divergence creates uncertainty for investors and hampers the growth of the industry.

There's a growing investor interest for EMs excluding China: Chris Wood https://ift.tt/gC50Owu said there is also growing interest in offering China as a special asset class of its own with the rest of the emerging markets managed separately. Creating an emerging markets (EM) basket excluding China would benefit markets like India and Taiwan as China's underperformance would weigh down the EM index returns. China has the highest country weightage on the EM indices.

Nvidia to partner Reliance, Tata for big AI play in India https://ift.tt/L7vh9Xr Industries, owned by Mukesh Ambani, has partnered with Nvidia to develop an indigenous large language model tailored for generative AI applications in India. Nvidia will assist Reliance in building AI infrastructure by providing access to its superchip and cloud services. Reliance aims to leverage Nvidia's AI infrastructure to develop AI applications and services

Indian fintechs see major improvement in profit outlook https://ift.tt/cJkOlCx for Indian fintechs is recovering faster than the rest of the world with a 30% increase in the first half than last year's second half, but it still remains lesser than the corresponding half last year, it said.

Stocks to buy today: Zomato, Eicher among top 7 trading ideas https://ift.tt/5YwEUbe VIX was down by 1.83% from 10.67 to 10.87 levels in the previous session. Volatility has been cooling off from the last three weeks and comforting the bulls at support zones.

Some investors may oppose ICICI's bid to delist broking arm https://ifttt.com/images/no_image_card.png"The minority shareholders of ICICI Securities are being gravely wronged by the delisting, that is, besides being unfair in every sense (valuation, methodology & logic), defies the basic grain of propriety," said Manu Rishi Gupta, founder of MRG Capital, a Bengaluru-based investment fund, in an open letter. He claims to be a shareholder of ICICI Securities.

Life insurers' premium income continues to fall in August https://ift.tt/f7wzA29 the private sector insurance industry reported a 14.51% increase in premium income during the same period, reaching ₹53,144 crore, riding on the growth in group single premiums, LIC's overall premium income declined 25% to ₹74,156 crore for the same period.

Traders ride bullish wave in PSU stocks https://ift.tt/RVhL7FC Thursday, shares of Cochin Shipyard soared 20% to an all-time high of ₹1,146. Mazagaon Dock Shipbuilders shares jumped by 9.51%. Indian Railway Finance Corporation, KIOCL, Power Finance Corp, REC rose by 4-7%. The BSE PSU Index gained 1.5% and the benchmark Sensex advanced 0.6%.

Consumer durables stocks look ready for a comeback https://ift.tt/0jxPy7w India, Crompton Consumer, Havells India, Orient Electric, Syrma SGS, TTK Prestige, Whirlpool, Symphony, Voltas, Polycab India, and KEI Industries are among the preferred consumer durable stock picks.

SBI plans to raise $750 million via overseas bond issues https://ift.tt/chXwjPp bond sale, part of the broader capital-enhancement exercise at the country's most-valued government asset, could open as early as next week, coinciding with the start of the two-month-long autumnal festive season during which demand for retail credit is the highest in Asia's third-biggest economy.

Sebi simplifies rule to pick key fund official in relief for FPIs https://ift.tt/chXwjPp urgency to name a key official in an FPI is felt as it is often not possible to know who calls the shots in a fund which is often structured in multiple layers, with each vehicle in separate jurisdictions. Under the circumstances, the regulator had earlier said that the key official in the apex vehicle, which is at the top of the FPI chain, would be considered as the SMO.

Millers seek raw sugar imports to make up for likely cane shortage https://ift.tt/yMs41XA are concerns about production of sugarcane in Maharashtra and Karnataka, which is likely to affect availability of sugar for consumption and for ethanol production for blending with petrol in these states, it said. India had last imported raw sugar in 2017, after which the country has been an exporter. In 2021-22, India was the second largest exporter of raw sugar in the world.

Dollar shines as US economy outperforms, yen plumbs 10-month low https://ift.tt/4ZwVTnq a basket of currencies, the dollar was last 0.05% higher at 104.91, holding on to some of its gains from the previous session after scaling a six-month peak on news that the U.S. services sector unexpectedly gained steam in August.

RBI seeks feedback on settling Indian bonds via Euroclear https://ifttt.com/images/no_image_card.png"They (the RBI) are not averse to the process of settlement of Indian bonds on the Euroclear platform and have been taking feedback from the market," a source aware of the development said. "Such discussions happened earlier too - there were some concerns over a parallel yield curve developing, although the market has developed more now and is much deeper."

IRDAI chief stresses on need for more insurers, enhanced products and services https://ift.tt/quTy7R8, most hospitals don't allow cashless admissions even though the insurance product offers such a facility, citing one or other excuses.

Indian agro-chemical industry can grow over 9 per cent notwithstanding Chinese competition: Niti Aayog https://ift.tt/emQWyoz Chand also observed that many Western countries are shifting from agrochemicals to biopesticides and the Indian industry needs to pay attention to this aspect. He urged the Agro Chem Federation of India (ACFI) to come out with a document on ease of doing business in agrochemicals. The Niti Aayog member was addressing a panel discussion on the occasion of the sixth annual general meeting of ACFI in the national capital.

India’s soaring m-cap hits record on stream of new listings https://ifttt.com/images/no_image_card.png​China’s market cap rose 67% to $9.8 trillion in the past five years, but the Shanghai Composite Index gained just over 15% during the period.

Sebi to introduce one-hour trade settlements soon https://ifttt.com/images/no_image_card.png"India is the first jurisdiction in the globe that has moved to T+1 settlement (trade plus one day). We are now talking about one-hour settlement and that will be a stepping-stone to instantaneous settlement. And this will be in a reasonably short period of time," said Buch at the Global Fintech Fest.

Lawyers land $700 million bounty from crypto collapse https://ift.tt/GMtnFPc, accountants, consultants, cryptocurrency analysts and other professionals have racked up more than $700 million in fees since last year from the bankruptcies of five major crypto firms, including the digital currency exchange FTX, according to a New York Times analysis of court records. That sum is likely to grow significantly as the cases unfold over the coming months.

Paytm founder Vijay Shekhar Sharma looking to raise stake https://ifttt.com/images/no_image_card.png"There is never a day that I would not buy more equity in Paytm," Sharma told Bloomberg News in an interview on Monday. "The single largest shareholder of Paytm is now an Indian, that is myself, and I believe this is definitely a key milestone."

Jio Financial Services to be out of NSE indices tomorrow https://ifttt.com/images/no_image_card.png​​According to an analysis by Nuvama Alternative & Quantitative Research, this may trigger the sale of 105 million shares worth around $325 million (about ₹2,700 crore) by passive funds.

CBDC to cut transaction costs, risks: RBI Dy Guv Rabi Sankar https://ifttt.com/images/no_image_card.png"Why is the average cost of transaction for retail 6%? It is not (because of) technology, technology can be made", said Rabi Sankar, at the Global Fintech Festival. "It's a question of consensus that has to arise globally and a commitment that has to come up on changing these systems (among central banks)."

Will only agree India trade deal approach that works for UK, says Rishi Sunak https://ift.tt/bGVUfax of his first visit to India as UK Prime Minister to attend the G20 World Leaders' Summit in New Delhi later this week, Sunak updated his top team on the ongoing trade talks which have completed 12 rounds of negotiations. The British Indian leader described India as an "indispensable partner" of the UK across all spheres of bilateral cooperation, which he is keen to strengthen further.

At multi-year highs: BHEL among 8 stocks that saw 5-year swing high breakout https://ift.tt/WB59fO0

What changed for market while you were sleeping https://ift.tt/vl9kLmd net long position of foreign portfolio investors increased from Rs 3,209 crore on Friday to Rs 5,603 crore on Monday.

Kotak Bank backs its own for the top job; RBI call in focus https://ift.tt/oVJGsdr Kotak’s sudden resignation on Saturday took the investor community by surprise. Kotak Mahindra Bank, with a market cap of `3.51 lakh crore, is currently the fourth-largest lender in the country. In his resignation letter to chairman Prakash Apte, Uday Kotak revealed that he had contemplated this decision and chose to step down four months before his term’s conclusion.

Shareholders making their voices heard, two AGMs show https://ift.tt/xRacBgu India proposed a resolution to approve material related-party transactions up to ₹1,153 crore from the 2023 AGM until the 2024 AGM with its parent 3M Company, US, which holds 75% equity in the Indian subsidiary. About 51.59% voted against the resolution, while 48.41% voted in favour.

Part of China's economic miracle was a mirage. Reality check is next https://ift.tt/hdiDj1u failure to implement major economic reforms has raised concerns about the future of its economy. President Xi Jinping's plans for a transition to a Western-style free market economy driven by services and consumption have largely gone nowhere, leaving the country reliant on outdated policies that have contributed to its massive debt and industrial overcapacity. Analysts see a slow drift towards stagnation as the most likely outcome, but there is also the risk of a severe economic crisis.

What's at stake when Turkey's leader meets Putin in a bid to reestablish the Black Sea grain deal https://ift.tt/278T6d0 President Recep Tayyip Erdogan will meet with Russian President Vladimir Putin in Sochi to discuss the Black Sea grain deal. The deal, which allowed the safe export of grain and other commodities from Ukraine, was broken by Russia in July due to concerns over obstacles to Russian exports of food and fertilizer.

League of legends: Indian bankers who created investor wealth https://ifttt.com/images/no_image_card.png​​Kotak along with Deepak Parekh, Aditya Puri, and KV Kamath played a pivotal role in development of these financial giants including Kotak Mahindra Bank, HDFC, HDFC Bank, and ICICI Bank, respectively, creating outsized wealth for investors. ET looks at how the four lenders grew under the tenures of these leaders.

Bond investors bet Federal Reserve hiking is over https://ift.tt/hf97wTK spate of slowing employment metrics this week, crowned by Friday's August payrolls report, has shifted market sentiment in favor of owning policy-sensitive two-year Treasuries, which BlackRock Inc.'s Jeff Rosenberg called a "screaming buy."

Sebi asks AIFs to frame governance code https://ift.tt/eb8zNok Securities & Exchange Board of India (Sebi), which does not want any blowup in these alternative investment funds (AIFs) that have emerged as one of the country's fastest-growing asset classes, has asked the industry to find ways to discipline the bad actors.

Sumeet Industries' lenders ask initial bidder to raise offer https://ift.tt/S8gBoQH has been classified as a non-performing account (NPA) with banks for more than three years. It owes lenders led by the Bank of Baroda (BoB) more than ₹900 crore including about ₹530 crore in principal. Lenders expect to recover at least 47% of their principal dues by asking Gajera to better its offer.

Indian equities stay a bright spot for FPIs among EM peers https://ift.tt/eb8zNok six-month rolling cumulative investment of foreign investors rose to $20.6 billion (₹1.69 lakh crore) - the highest in 28 months, data from NSDL showed. There are only nine instances in the last 15 years when the six-month rolling monthly investment rose more than $20.5 billion.

​These 5 Nifty stocks have the highest dividend yields over last 5 years https://ift.tt/SzYf29D a look at the bluechip stocks with the highest dividend yield in the last five years. Barring Hero MotoCorp, all other stocks on the list are public sector companies. (Data Source: Trendlyne)

Breakout Stocks: How MTAR Technologies, BHEL and Tata Steel are looking on charts for Monday’s trade https://ift.tt/dQIUlsY Tech has broken its all-time high level and has stayed above the high by giving a weekly closing signifying strength in bulls. Apart from the current week's price action, volume has also been at the highest level in the last 2 years. For traders, the immediate targets are at extension levels of Rs 2,883-3,097. Support levels remain at the trendline below Rs 2,200.

From BlackRock to Pimco, bond investors bet Fed hiking is over https://ift.tt/EHqoQxz prospect of the Fed wrapping up its most aggressive tightening campaign in decades also drew investors to another favorite end-of-cycle trade — a steepening yield curve. The wager is that as the focus shifts to the timing of a potential Fed pivot to easing, short-maturity notes will fare better than long-term bonds

Buying on dips likely to support gold prices https://ift.tt/RL0znNm may attempt a shot at $1965 resistance in the near term. The interim hurdle comes at $1955 while support is at $1931/$1914. For now, dip buying is expected to be a preferred trade.

How alternative investments play an important role in portfolio resilience https://ift.tt/7o3x2R9 alternative investments can introduce higher risks, they also bring the potential for enhanced risk-adjusted returns. By incorporating assets with different risk profiles, investors can optimize their portfolio's performance in various market conditions. For instance, private equity and venture capital offer exposure to companies in their growth stages, aiming for higher returns over the long term.

IndiGo among 10 quant-based growth picks from Prabhudas Lilladher https://ift.tt/QOrTANa brokerage firm Prabhudas Lilladher is bullish on a few stocks, which belong to different sectors such as airline, healthcare, and hotel & resorts.

Mind Over Money: How martial arts & adventure on road keep this co-founder and CEO mentally fit https://ifttt.com/images/no_image_card.png"Shark Tank transformed Insurance Samadhan, resulting in an impressive 6X growth post-show. Prioritizing controllable factors and maintaining good intentions guided our success."