As of February-end, most of the dynamic bond funds were heavily invested into government securities
Posts in category Business Standard
Stocks feel fresh jitters, slip to five-week lows; Sensex falls 736 points (19-03-2024)
Losses in IT stocks and nervousness ahead of Fed rate decision pulls market down
Bankrupt crypto lender Genesis to pay $21 million to settle SEC charges (19-03-2024)
The deal resolves January 2023 charges the SEC filed against Genesis and Gemini Trust Company LLC over their joint crypto lending program
EaseMyTrip.com partners with Zoomcar (19-03-2024)
For offering Indian travellers pre-booked and on-demand self drive cars
Singapore Market ends flat ahead of Fed Meeting Outcome (19-03-2024)
The U.S. central bank is almost certain to leave its benchmark interest rate unchanged, but the focus will be about what Fed officials say about lowering rates. Recent hotter-than-expected consumer and producer price inflation readings have reduced optimism about the likelihood of the Fed’s first-rate cut coming in June.
INR Slips Back Below 83/$ Mark As SENSEX, NIFTY Tumbles Ahead Of FOMC (19-03-2024)
The Indian rupee slipped back below 83/$ mark for the first time in over a month amid massive selloff in domestic equities on Tuesday. INR lost 12 paise to 83.02 (provisional) against the US dollar, weighed down by a heavy selloff in domestic equities and persistent foreign capital outflows. The benchmark S&P BSE Sensex ended the session down 736.37 points, or 1.01 percent, at 72,012.05 while the broader NSE Nifty index settled at 21,817.45, down 238.25 points, or 1.08 percent, from its previous close. Besides, a surging greenback against major crosses overseas also pulled down the other local currency. US benchmark treasury yields at 4.3% and dollar index at 103.63 are marching forward as sticky inflation scenario in US as shown by recent data is reducing possibility of a near time rate cut. At the interbank foreign exchange market, the local unit opened at 82.94 and touched the intra-day low of 83.05 and a high of 82.93. It finally settled at 83.02 (provisional) against the …
Hong Kong Market falls 1.24% (19-03-2024)
At closing bell, the benchmark Hang Seng Index declined by 207.64 points, or 1.24%, to 16,529.48. The Hang Seng China Enterprises Index sank 67.94 points, or 1.16%, to 5,780.21.
China Market falls 0.72% (19-03-2024)
At close of trade, the benchmark Shanghai Composite index declined 0.72%, or 22.17 points, to 3,062.76. The Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 0.43%, or 7.73 points, to 1,795.72. The blue-chip CSI300 index grew 0.72%, or 25.95 points, to 3,577.63.
Board of Bengal & Assam Company approves commencement of trading activity (19-03-2024)
At meeting held on 19 March 2024
Sensex tanks 736 pts, Nifty ends below 22K as Fed policy looms; TCS sinks 4% (19-03-2024)
The barometer index, the S&P BSE Sensex tumbled 736.37 points or 1.01% to 72,012.05. The Nifty 50 index declined 238.25 points or 1.08% to 21,817.45.