Posts in category Business Standard
Stock Market Live: Sensex falls 150 pts, Nifty below 19,550 in pre-open (20-10-2023)
Stock market live on October 20, 2023: Yield on the 10-year US treasury hit 5 per cent overnight, the first time since July 20, 2007 when it was 5.029 per cent
India’s crypto landscape on verge of transformation, says WazirX VP (20-10-2023)
Rajagopal Menon, vice president at WazirX, discusses the impact of recent G20 agreements on India's evolving crypto industry and predicts a transformative year ahead
F&O Strategy: HDFC Securities recommends Bear Spread on Bank Nifty (20-10-2023)
Buy Bank Nifty 43800 Put option and simultaneously Sell 43400 Put of the 26-October expiry, recommends Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
Nifty IT, Metal indices: Adopt ‘Sell on Rise’ strategy; here’s why (20-10-2023)
According to Ravi Nathani, an independent technical analyst, one can consider to sell the Nifty IT and Metal indices near resistance levels.
Trust MF ropes in Mihir Vora as CIO; IRM Energy IPO subscribed 4.36 times (19-10-2023)
The initial public offering (IPO) of city gas distribution company IRM Energy was subscribed 4.36 times on the second day of the offer
London wins back its Europe’s largest stock market crown from Paris (19-10-2023)
London had lost its status as Europe's biggest stock market last November, extending an equity slump that stretched back to Britain's vote to leave the European Union in 2016
Indices fall for the second straight trading session on weak global cues (19-10-2023)
Besides, disappointing quarterly earnings numbers and revenue forecast from IT services company Wipro also weighed on investor sentiments, traders said
Improved forex reserve provided policymakers room for manoeuvre: BIS report (19-10-2023)
India's improved forex reserve adequacy helped maintain investor confidence and improved policymakers' room for manoeuvre, said a report prepared by Bank for International Settlements (BIS).
India maintained forex reserve upwards of USD 550 billion during most of 2022.
BIS is an international financial institution which is owned by member central banks with primary goal to foster international monetary and financial cooperation.
"Several members noted that the development of deeper and more liquid FX markets in the past facilitated efficient price discovery during 2022 and reduced the need for FX interventions or capital flow measures (CFMs) (including China, Indonesia and Malaysia)," the report said.
In addition, minimum hedging requirements on corporates' net liability exposure in the past helped build firms' resilience and also mitigated the need for (or intensity of) an ex-post policy response in 2022, the report titled 'Inflation, external financial conditions and macro-financ
London stock exchange sees first trading halt in 4 yrs, blue chips spared (19-10-2023)
Traders said that shares in CRH and Deliveroo were among those not trading on the London market after the incident, which was the first time trading on the LSE had been interrupted since 2019
Strong domestic demand recovery remains key for Bajaj Auto’s stock (19-10-2023)
On the profitability front, favourable raw material costs and better product mix led to a 260 basis points y-o-y jump in operating profit margins to 19.8 per cent