The Nikkei share average fell 1.6% amid escalating Middle East tensions, driven by Iran’s missile launches and fears of broader conflict. Japanese technology and retail shares led losses, while defense and energy stocks gained as oil prices surged on supply disruption concerns.
Posts in category Economic Times
Varun Saboo on 3 sectors with value plus strength where fresh money can be put to work (02-10-2024)
Varun Saboo from Anand Rathi remains bullish on PSU banks, two-wheelers, and select pharma and hospital stocks. He highlights the potential benefits tied to rate cut cycles and sees continued value in these sectors. Though FMCG has done well recently, he advises against investing in defensive sectors while preferring growth stocks.
Gold loan companies slip as RBI orders corrective measures for lapses (02-10-2024)
The issues highlighted by RBI include improper valuation, breaches of loan-to-value (LTV) ratios, and inadequate governance in partnerships with fintech entities, said Shrikant Chouhan, head of equity research at Kotak Securities.
For a secure future, Sebi opts for tighter F&O rules (02-10-2024)
The Securities and Exchange Board of India (Sebi) Tuesday increased the minimum contract size in index derivatives to ₹15 lakh from the current ₹5 lakh, making options trading costlier. At the same time, it reduced weekly index product offerings to just one per exchange, seeking to curb frenzied speculation among retail traders.
Reliance Infra to raise Rs 2,390 crore via FCCB issue (02-10-2024)
In a regulatory filing, the company said FCCBs will be unsecured and will have ultra-low cost interest of 5% per annum with a long maturity of 10 years.
Afcons cites strong record, focus on avoiding bad projects for market edge (02-10-2024)
The over six-decade-old company follows a stringent risk management process which has helped it deliver more than four-fifths of the projects it undertakes ahead of schedule. On average, more than half of such projects within the industry see a delay.
Rating companies post more upgrades for India Inc as credit quality improves (02-10-2024)
For Crisil, overall, there were 506 upgrades and 184 downgrades. The credit ratio increased to 2.75 times in the first half of this fiscal from 1.79 times in the second half of last fiscal. This highlights the sustained strengthening of India Inc’s credit quality.
Adani Enterprises set to raise up to $2 billion through a QIP next week (02-10-2024)
Meanwhile, the Adani Group along with Wilmar will also launch the sale of around a 13% stake in Adani Wilmar by the end of this month or early in November, to cut down the promoter stake in the company to comply with listing regulations, sources said.
Zero brokerage plans nearing expiry (02-10-2024)
Angel One, India’s third-largest brokerage by client count, introduced a flat fee of ₹20 or 0.1% of turnover (whichever is lower) on cash market transactions starting November 1, anticipating a drop in revenues from the derivative segment. Previously, these transactions were free of charge.
Foreign investments in government bonds top expectations, promise a lot more (02-10-2024)
The current numbers translate into a monthly flow of around $2.5 billion, which is on the upper end of broad market expectations of a monthly flow of $2-2.5 billion hitting the market due to index inclusion. Given the recent commencement of a US monetary easing cycle – which increases the appeal of emerging market assets for global investors – that flow is expected to rise in the next three months.