Posts in category Economic Times
Concurrent Gainers: Tata Power, Havells, among 8 stocks that gained for 5 days in a row (20-05-2024)
ETMarkets identified 8 stocks within the BSE largecap index that consistently rose in price throughout the last 5 trading sessions.
What to do with Tata Motors, Mamearth and 4 other stocks? Religare Broking’s Ravi Singh decodes (20-05-2024)
Dr Ravi Singh predicts Nifty testing highs at 22,800 levels amidst positive sentiment. Investors advised on stop losses in volatile markets and quality stock selection in the banking sector. Traders recommended actions on top gaining stocks like Hindustan Zinc and Tata Motors.
SP Group arm Goswami Infra sweetens bond deal (20-05-2024)
Shapoorji Pallonji Group offers ₹400 crore more to Goswami Infratech bondholders to extend deadline for meeting covenants on ₹14,300 crore borrowings. The company seeks a 4-month window to sell assets, ensure payment of ₹1,400 crore interest at 18.75% by September 30, 2024.
Forex settlement next step by GIFT to onshore what’s offshore (20-05-2024)
GIFT City to launch foreign currency settlement system chaired by K Rajaraman, IFSCA, supported by RBI and Clearing Corporation of India. System to settle US dollar transactions between IBUs in real-time. CCIL subsidiary to operate FCSS, aiming for operation by October 2024. Other currencies may be added later
Dollar steady as traders await clues on US rate path (20-05-2024)
Data last week showed U.S. consumer prices for April eased, leading to markets pricing in 50 basis points (bps), or at least two rate cuts this year, but various Fed officials have sounded words of caution about when rates may fall.
Gold prices climb to record high on US rate-cut optimism (20-05-2024)
Data last week offered the U.S. Federal Reserve good news on two fronts, but policymakers haven't openly shifted views yet about the timing of rate cuts investors are convinced will start this year.
Why did the RBI reject most bids in the bond buyback programme? (20-05-2024)
India's sovereign bond market buzzes with the Reserve Bank of India's buyback operation, easing debt repayment pressure and lowering interest costs. The operation injects liquidity into the banking system, influencing monetary policy and interest rate decisions.
Big funds bet the ‘anything but bonds’ trade is poised to end (20-05-2024)
Big US bond investors, including mutual fund managers, are aggressively moving funds into long-dated notes, expecting gains from interest rate cuts. Research by JPMorgan Chase shows the top 20 managers increasing duration by piling into high-grade corporate bonds to avoid negative carry. The allure of long-dated corporate bonds is growing as markets anticipate Federal Reserve rate cuts.
Asia shares touch two-year top as China plans property boost (20-05-2024)
Brent crude futures touched a one-week high of $84.14 a barrel in early trade, with the crash, in heavy fog, of a helicopter carrying Iran's president drawing traders' attention to the Middle East. Gold hovered close to a record high at $2,423 an ounce.
Oil prices climb amid uncertainty over Iran president’s fate (20-05-2024)
Brent rose 26 cents, or 0.3% to $84.24 a barrel by 0049 GMT. U.S. West Texas Intermediate crude (WTI) gained 15 cents, or 0.2% to $80.21 a barrel.