Posts in category Economic Times
GIFT Nifty rises 90 points; here’s the trading setup for today’s session (13-06-2024)
Nifty scaled fresh highs but saw profit booking. SGX Nifty signals a positive start. Tech View warns of a downward correction. Nagaraj Shetti expects selloff below 23200 levels. Global markets show mixed movements. Oil prices fell. Stocks in F&O ban today include Balrampur Chini Mills, SAIL, and India Cements.
Adani Airport raises RS 150 cr via bond issue (13-06-2024)
Adani Airport Holdings raises ₹150 crore debt at 9.95% for capital expenditures and transaction costs, issued senior secured non-convertible debentures maturing in June 2028.
RBI’s ASISO system faces glitch (13-06-2024)
The RBI faced a technical glitch in the Automatic Sweep-In and Sweep-Out (ASISO) facility, impacting banks' funds visibility. Daily money market data publication was delayed. The RBI is resolving the issue to reconcile banks' outstanding transactions. Market participants, bank treasury executives, and sources are monitoring the situation. The glitch occurred before the usual 9 a.m. data publication time.
RBI using forex market tools to ease liquidity tightness (13-06-2024)
RBI uses forex tools to inject cash into banking system ahead of large outflows due to advance tax payments, keeping borrowing costs low and increasing reserves without impacting inflation-fighting stance.
Global rates will come down, India certainly to be a top beneficiary: Jose Vinals, Standard Chartered (13-06-2024)
The Indian elections resulted in a surprise, denying an outright majority to the BJP. Despite this, prospects of strong growth through Narendra Modi's third premiership offer comfort to international businesses, as highlighted by Jose Vinals, chairman of Standard Chartered.
IFSCA to unveil norms for direct listing at GIFT City by early July (13-06-2024)
IFSCA to finalize direct listing norms at GIFT City by early July under the leadership of K Rajaraman.
Nifty hits all-time high, Fed meet weighs on Street (13-06-2024)
Indian markets remained steady despite FPIs' absence. VIX fell by 86% post-election results, indicating reduced risk perception.
Bond market splits from Fed again by betting on 2024 rate cuts (13-06-2024)
Bond traders increased bets on interest-rate cuts despite Federal Reserve pushback. Inflation cooling signaled potential rate cuts. Powell emphasized no rush to shift policy, waiting for more evidence against inflation.
Stocks in news: L&T Finance, Arvind, Nestle India, Sobha, Whirlpool India (13-06-2024)
Benchmark indices ended higher, Nifty at a record level. L&T Finance stake sale by Bain Capital, Arvind strike called off at Santej Plant, Nestle India dividend date change.