Economists predict that the Reserve Bank of India may postpone a rate cut until February. This delay is attributed to concerns about rising inflation and global market instability. The central bank is closely monitoring food inflation, particularly in edible oils and vegetables. Despite these concerns, some analysts anticipate a rate cut in December, citing slowing economic growth.
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Rate cut or pricier deposits, SBI can protect NIM: Setty (10-11-2024)
State Bank of India (SBI) Chairman, CS Setty, told analysts that the bank has a 35-basis-point cushion on its lending rate, providing flexibility even if deposit rates increase. Despite potential RBI rate cuts impacting lending rates, Setty believes SBI’s margins will remain stable due to a significant portion of loans linked to MCLR and adjustments in pricing for short-term loans.
Rate cut or pricier deposits, SBI can protect NIM: Setty (10-11-2024)
State Bank of India (SBI) Chairman, CS Setty, told analysts that the bank has a 35-basis-point cushion on its lending rate, providing flexibility even if deposit rates increase. Despite potential RBI rate cuts impacting lending rates, Setty believes SBI’s margins will remain stable due to a significant portion of loans linked to MCLR and adjustments in pricing for short-term loans.
Bitcoin reaches $80,000 for first time on optimism over Trump (10-11-2024)
Bitcoin soared past $80,000, reaching a new all-time high, fueled by expectations of favorable regulations under the new administration. President-elect Trump’s pro-crypto stance and the Republican Party’s strong performance in the election sparked a surge in investor confidence. The potential for a crypto-friendly Congress further boosted the market, with experts pointing to the likelihood of supportive legislation.
Bitcoin reaches $80,000 for first time on optimism over Trump (10-11-2024)
Bitcoin soared past $80,000, reaching a new all-time high, fueled by expectations of favorable regulations under the new administration. President-elect Trump’s pro-crypto stance and the Republican Party’s strong performance in the election sparked a surge in investor confidence. The potential for a crypto-friendly Congress further boosted the market, with experts pointing to the likelihood of supportive legislation.
Market trading guide: Motilal Oswal, KIMS among 5 stock recommendations for Monday (10-11-2024)
Indian markets showed volatility; stock recommendations include Motilal Oswal, Netweb Technologies, KIMS, Chalet, and Jubilant Food for potential gains based on technical breakouts and strong momentum.
Bitcoin on cusp of $80,000 for first time on optimism over Trump (10-11-2024)
Bitcoin nears $80,000, driven by optimism over Trump’s pro-crypto stance and pro-digital-asset lawmakers in Congress, with strong demand for ETFs and interest-rate cuts boosting cryptocurrency investments.
Ahead of Market: 10 things that will decide stock action on Monday (10-11-2024)
Indian markets ended in the red due to weak corporate earnings and foreign outflows. Nifty faces consolidation, with bullish momentum in some stocks like Indian Hotels and Page Industries.
Q2 results this week: Hyundai, Nykaa, Vodafone Idea among 2515 companies to announce earnings (10-11-2024)
Over 2500 companies, including prominent names like ONGC, Hindalco, and Hero MotoCorp, are set to release their second-quarter earnings this week. Early reports suggest muted results, with analysts predicting the slowest growth in over four years due to a marginal 2% rise in Nifty earnings.
Mcap of 6 of top-10 most-valued firms erode Rs 1.55 lakh cr; Reliance biggest laggard (10-11-2024)
While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India were the gainers.