A three-in-one trading account combines a savings account, a demat account, and a trading account into a single integrated solution. In this case, the clients would have their funds in their bank account, earning interest on the cash balances.
Posts in category Economic Times
D-Street investors richer by Rs 110.57 lakh crore so far in 2024 amid record-breaking rally in markets (02-10-2024)
The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones.
Wall Street opens lower as Middle East tensions make investors nervous (02-10-2024)
USA-STOCKS/ (URGENT)US STOCKS SNAPSHOT-Wall St opens lower as Middle East tensions make investors nervous
Axis Bank eyes AT-1 bond sale for up to Rs 3,000 crore in coming days (02-10-2024)
The private sector lender had raised the funds at a coupon rate of 7.45%, debt capital market executives had said. The bond issuance had a base size of Rs 2,000 crore and a greenshoe option of Rs 2,000 crore.
Cerebras reveals revenue surge in US IPO filing, aims to challenge Nvidia in AI chip market (02-10-2024)
CEREBRAS-IPO/ (UPDATE 3)UPDATE 3-Cerebras reveals revenue surge in US IPO filing, aims to challenge Nvidia in AI chip market
European shares defy global slump amid Mideast tensions, energy stocks jump (02-10-2024)
European shares rise, led by energy and defence sectors, amid escalating Middle East tensions after Iran’s missile strike on Israel. STOXX 600 climbs 0.3%, with energy sector up 2.4%, and defence firms like Rheinmetall, Saab, and BAE Systems gaining 2-3%. ECB interest rate cuts anticipated.
Oil prices jump more than 3% as Middle East tensions escalate (02-10-2024)
Oil prices surged over 3% due to heightened Middle East tensions after Iran’s significant military strike against Israel. The potential for escalating conflict threatens oil facilities and critical supply routes, raising fears of further disruptions. OPEC+ maintains current production levels amid uncertain geopolitical impacts.
Stocks stable, oil rises as wary investors eye Middle East hostilities (02-10-2024)
Stocks remained steady as geopolitical tensions in the Middle East lifted oil prices nearly 3%. Safe havens like government bonds and the dollar gained ground. U.S. job market data suggested a smaller Fed rate cut while Euro inflation trends indicated possible ECB easing this month.
Nike shares dip as forecast withdrawal worries investors about turnaround timeline (02-10-2024)
Nike shares fell by about 6% in premarket trading after the company withdrew its annual revenue target, creating uncertainty over its turnaround strategy under new CEO Elliott Hill. Investors remain concerned as the company delayed its investor day, with no definite timeline for recovery provided.
IIFL Home Finance likely to hit retail bond market in Q3 after three years (02-10-2024)
IIFL Home Finance plans its first retail fundraise in three years to diversify its liabilities. Filing a draft prospectus to raise up to Rs 3,000 crore, it aims for an initial fundraise of Rs 300-500 crore this quarter. The strategy follows RBI’s move to limit NBFCs’ bank borrowing, impacting their usual funding sources.