Stocks moved between losses and gains in Japan and South Korea, with those in Australia modestly higher. Futures pointed to gains in Hong Kong. US contracts were flat after the S&P 500 closed little changed. Treasury 10-year yields hovered near 4.2% after topping that level for the first time since July.
Posts in category Economic Times
Brokerages upbeat on City Union Bank (23-10-2024)
The price targets imply a 1-19% rise in the stock over its Tuesday closing price of ₹168.5. City Union Bank shares rallied 11.9% on Tuesday in a weak market in response to the September quarter earnings.
One-Way Street: FPIs’ record-breaking run from India continues (23-10-2024)
The record-breaking run in Indian stocks in 2024 reversed in October after a rebound in Chinese markets triggered record outflows from local equities.
T+0 a minus for brokers on Diwali Day (23-10-2024)
Brokers and their employees had asked the BSE and NSE to advance the hour-long session to 10-11 in the morning from the traditional 6-7 pm, as this would allow them to complete post-trading operations by noon and give them enough time to celebrate Diwali with their families on Lakshmi Puja. That request has been rejected by the exchanges, according to people with knowledge of the matter.
Trading in F&Os can’t be national pastime: Ashwani Bhatia (23-10-2024)
“There is a saying uneasy lies the head that wears a crown…We are number one and globally also more than 50 % of the F&O volume happens in India. This is a crown we do not wish to wear,” Bhatia said.
Banks leaned more on short-term debt for funding needs this fiscal (23-10-2024)
Banks have faced pressure to mobilise funds through various avenues over the past couple of years as credit growth has outpaced deposit growth, although the extent of the wedge between the two has narrowed over the last couple of months. As on October 4, bank credit growth was at 14.1% year-on-year, while deposit growth was at 12.2% over the same period, RBI data showed.
Banks leaned more on short-term debt for funding needs this fiscal (23-10-2024)
Banks have faced pressure to mobilise funds through various avenues over the past couple of years as credit growth has outpaced deposit growth, although the extent of the wedge between the two has narrowed over the last couple of months. As on October 4, bank credit growth was at 14.1% year-on-year, while deposit growth was at 12.2% over the same period, RBI data showed.
Broader market gets the feeling of Covid deja vu (23-10-2024)
The slump in nearly one-third of the stocks has been as severe as the Covid-led sell-off in March 2020. Among 1,472 stocks with a market capitalisation of over Rs 1,000 crore, 29 have plunged between 50% and 70% from their yearly highs, while 533 have fallen between 25% and 50%.
Broader market gets the feeling of Covid deja vu (23-10-2024)
The slump in nearly one-third of the stocks has been as severe as the Covid-led sell-off in March 2020. Among 1,472 stocks with a market capitalisation of over Rs 1,000 crore, 29 have plunged between 50% and 70% from their yearly highs, while 533 have fallen between 25% and 50%.
Hyundai India’s weak debut one more among mega IPOs (23-10-2024)
“Since the issue size was large, it took away the possibility of the share price seeing any scarcity premium on the listing day,” said Mrunmayee Jogalekar, auto research analyst at Asit C Mehta Investment Intermediates. “The lack of retail participation and the near-term concerns on the auto sector led to the tepid listing.”