Posts in category Economic Times
Pre-market action: Here’s the trade setup for today’s session (29-04-2024)
"We expect market momentum to resume with a focus on stock-specific action due to the ongoing result season and sector rotation at play," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stocks in news: ICICI Securities, ICICI Bank, YES Bank, Ultratech Cement, HCL Tech (29-04-2024)
Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank's bid to delist its broking arm from the Indian bourses.
A HC ruling raises hopes of recovery for LVB bondholders (29-04-2024)
The tier-2 bonds have a loss absorbency feature, which means that if a bank fails, its tier-2 bondholders will absorb any losses ahead of its depositors. LVB had reported about ₹3,000 crore in accumulated losses, one-fourth of its loan book had turned sour, and tier-1 capital had turned negative.
A hold above 22,222 can take Nifty towards 22,775: Analysts (29-04-2024)
Nifty is stuck in a broader trading range of 21,710- 22,775 for the last 10 weeks, but the major trend is bullish, and every small decline is being brought. In last two weeks it drifted to 21,777 but witnessed decent recovery towards 22,625 zones. It formed a small-bodied high-wave candle with long shadows on a weekly scale, which indicates volatile swings in a narrow trading band.
Powell poised to keep Fed on higher-for-longer path (29-04-2024)
The last time the US central bank chair spoke, he signaled that policymakers were likely to keep borrowing costs high for longer than previously anticipated, pointing to the lack of further progress on bringing inflation down.
Banks fail to meet RBI mandate on CRR multiple times (28-04-2024)
"The RBI had given the dispensation on CRR maintenance in 2022 to at least one private bank which was facing some issues, but that dispensation does not exist anymore. Another factor is that there are issues with how the CRR maintenance data is reported. That is contributing to the shortfall and the RBI will rectify that issue," said one of the persons, who did not wish to be identified.
Cash in circulation more than doubles since FY17 on consumption demand (28-04-2024)
The currency in circulation has more than doubled from Rs 13.35 lakh crore in March 2017 to Rs 35.15 lakh crore in end March 2024. Significantly the currency in circulation has happened despite the central bank deciding to withdraw the Rs 2000 denomination banknotes from circulation from May 2023 which resulted in the central bank getting 97.83 percent of Rs 3.56 lakh crore worth notes back to the banking system.
AU Bank looks most eligible for a universal licence (28-04-2024)
AU Small Finance Bank, the largest lender of the pack, has met all the eligibility criteria set by the regulator. AU has Rs 12,560 crore of net worth, made profits for the last two fiscals, and its gross and net non-performing assets were less than 3% and 1% respectively during the period as prescribed by RBI. It also has a well-diversified loan book as desired by the regulator.
Monetary policy expectations impact stocks more than rate moves: RBI paper (28-04-2024)
Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis.
IPL Portfolio: Picking stocks like selecting a cricket team, says Arvind Kothari (28-04-2024)
Arvind Kothari draws parallels between crafting investment portfolios and selecting cricket teams, advocating a mix of specialists, all-rounders, and x-factor options to navigate market dynamics and outperform the competition. "Our investment portfolio primarily focuses on high-growth sectors that have significant potential for future growth and are expected to perform well, such as Make in India, Recycling Trends, Energy Transition, Consumption, and Defense, among others."