A slew of data out of the world’s largest economy in recent weeks pointing to a still-tight labour market, sticky inflation, robust retail sales growth and higher monthly producer prices, have raised market expectations that the U.S. central bank has more to do in taming inflation, and that interest rates Continue Reading
Reseñas
FPIs shy of naming senior officers of parent entities
One of the significant disclosures is identifying ‘beneficial owners,’ which are typically large investors in the fund. However, if none of the investors has a big share of the fund corpus, key persons in the investment management entity of the fund are named as SMOs. These are people Sebi, with Continue Reading
FPIs up bearish bets amid Fed rate call doubts
Bloomberg data showed the 20-day rolling average of net long contracts on the Nifty futures dropped to a multi-month low of 40,314 in the first half of February 2023, while their net short contracts climbed to 105,943-the highest since November 2022. Long-term average of net long contracts on a 20-day Continue Reading
Retail play in equity continues to fall, hits 34-month low
Daily cash market average volumes of non-institutional investors, mainly retail and high net worth individuals, were at ₹22,829 crore in January 2023, the lowest since March 2020 and 61% below the peak of ₹58,409 crore in February 2021, according to exchange data. Between then and now, the share of retail Continue Reading
India’s economy to grow at 6% in 2023-24: Former Niti Aayog Vice Chairman Rajiv Kumar
“India has a good opportunity to persevere with a high growth rate because of the reforms undertaken during the last eight years. We will manage to grow at 6 per cent in 2023-24,” he said. According to Kumar, there are several downside risks, especially in the context of an uncertain Continue Reading
Adani-Hindenburg row not to impact India story, says industry doyen K P Singh of DLF
“Completely nonsense,” he said on the Adani-Hindenburg row impacting India’s attractiveness as an investment destination. “India is too big a country today. So this story will die down. Investment will not be hurt.”
UAE Chapter of Joint Business Chamber launched
The UAE India Business Council – UAE Chapter (UIBC-UC) was launched on Saturday by Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, in the presence of Ambassador of India to the UAE, Sunjay Sudhir, Consul General of India in Dubai Aman Puri and founding members of Continue Reading
Nifty could face further selling this week: Analysts
One can focus on L&T, ABB, Cummins India, ONGC, Oil India, UltraTech, JK Cement, Tech Mahindra, and Mphasis. Traders can initiate a moderately bullish strategy with reduced premium outflow and a lower breakeven point — Bull Call Spread of March 2 expiry to buy one lot of 18,000 Call at Continue Reading
Adani credit facilities expose collateral web full of red flags
Adani Green’s stock price has fallen almost 70% this year, while its debt has also slumped. The company said on Feb. 7 it had won the backing of investors after reporting third-quarter net income that more than doubled from a year earlier. Adani Green CEO Vneet S. Jaain said the Continue Reading
Ahead of Market: 10 things that will decide stock action on Monday
Technically the structure is still bullish and Nifty stands at the strong polarity support, failing to hold which the index is likely to see a further correction towards 17,650 – 17,500 zones. Only a sustained close above the 18,200- 18,250 zone is likely to trigger bullish momentum toward 18,450 – Continue Reading