India’s rates traders are on the fence about a quarter-point rate hike on Thursday, even though a majority of economists are predicting one. Policy decisions this week from some of the Reserve Bank of India’s global peers offer a good reason for the split. While Australia’s central bank bolstered the case for global doves by […]
The Indian mutual fund industry, which has witnessed a 125 per cent surge in net inflows and around 24 per cent growth in Assets under Management (AUM) since the beginning of this calendar year, is likely to sustain its growth momentum in 2024, said a report by ICRA. The growth, it added, will be backed […]
By Saumil Gandhi Commodity market witnessed bullish momentum throughout the week and most commodities gained around 1.5% to 3.0% on a weekly basis except gold. Gold prices gave up all its weekly gain and settled marginally lower last week on the back of traders locking in their profit after the recent rally. Crude oil prices […]
Indian equity indices stayed in the positive territory throughout the day and ended Monday’s session in the green at the same level where it opened. The Nifty closed above 18,100 while the Sensex settled below 60,950. The NSE Nifty 50 rose 90.90 pts or 0.50% to close at 18,118.55 and the 30-share BSE Sensex advanced […]
By Bhavik Patel Gold continues to trade above $2000 with markets recalibrating the expectation that there might be rate hike in May and rate cut starting after September. According to the CME FedWatch Tool, markets see a 70% chance that the Federal Reserve will raise interest rates by another 25 basis points next month. However, […]
The claims ratio of health insurance segments have fallen to FY19 levels after a spike during the peak of the Covid-19 pandemic. The net incurred claims ratio of health insurance business dropped to 89% in FY23 as compared to 109% and 94% in FY21, data from the Insurance Regulatory and Development Authority of India’s (Irdai) […]
Honasa Consumer, the parent company of direct-to-consumer beauty and personal care brand Mamaearth plans to utilise its initial public offering (IPO) proceeds of Rs 2,900 crore on marketing initiatives and expanding its offline reach across key brands. The proceeds will be for advertisement expenses towards enhancing the awareness and visibility of its brands, capital expenditure […]
US stock index futures gained on Thursday ahead of labor market data that will give clues on future interest rate hikes, while Tesla extended gains after top boss Elon Musk told staff to ignore the “stock market craziness”. The shares of the electric-vehicle maker advanced 5.3% in premarket trading after Musk’s comment. They snapped seven […]
By Dharmesh Shah The Nifty ended truncated week at 17758, up 0.3%. While midcaps relatively outperformed the benchmark. Sectorally, consumption, energy, realty outshone while financial, pharma took a breather. The index witnessed a gap up opening (17698-17797) during the truncated week and subsequently surpassed our target of 17900 on expected lines. However, profit booking from […]
Whipsawed U.S. stocks have gained an unexpected ally in recent days – a historic plunge in bond yields. U.S. government bond yields fell steeply this week, with some durations marking their biggest drops in decades, as investors bet the Federal Reserve would likely curb its aggressive rate hike trajectory to avoid exacerbating financial system stress […]
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