Posts in category Economic Times
Australia, New Zealand dollars scale fresh highs on China boost (25-09-2024)
The Australian and New Zealand dollars reached multi-month highs, driven by China’s aggressive stimulus measures. The yuan also hit its strongest level in over a year. Despite a slight dip in the Aussie after domestic inflation data, global markets were buoyed by China’s support measures, impacting currencies linked to its economy.
Will next leg of rally come from financials and private banking stocks? Gurmeet Chadha answers (25-09-2024)
Valuations were a little stretched. As you will see periodic profit booking, so that is something which is there in the portfolio. I have been discussing Zomato with you for a long time now. It has done pretty well.
Look for value in largecaps, take 10-15% dip in stride; 5 FMCG & bank stocks to bet on: Rajat Sharma (25-09-2024)
Rajat Sharma, CEO of Sana Securities, advises investors to focus on large-cap stocks with value, such as FMCG and private banks like ITC, Britannia, Axis Bank, and HDFC Bank. He suggests being prepared for a 10-15% market dip but expects a sharp rebound due to ample cash reserves in mutual funds.
ET Analysis: Cash turns out to be a safe harbour when market tide turns (25-09-2024)
Investors are increasingly holding cash due to concerns over high share valuations and market excesses. Despite criticism, including from Warren Buffett, many prefer the safety of cash or equivalents. Experienced investors are particularly cautious, while newer ones remain bullish. Cash holdings offer a cushion against potential market downturns.
Hudco raises $448 million in Yen debt in a rare transaction for state-owned firm (25-09-2024)
The Housing and Urban Development Corp (Hudco) has secured a 60 billion yen ($448 million) loan from three major Japanese banks. The five-year loan, priced at 70 basis points above the Tokyo Overnight Average Rate, will be swapped to dollars for domestic lending in India. This transaction is rare for a government-owned company.
Blackstone, Vista Equity Partners reach $8.4-billion deal to buy Smartsheet (25-09-2024)
Blackstone and Vista Equity Partners have agreed to acquire software provider Smartsheet for about $8.4 billion. The buyout firms will pay $56.50 a share in cash, representing a premium of roughly 41% to Smartsheet’s average closing price over the past 90 trading days. Shares in Smartsheet rose 6% following the announcement.
Retail investors must block funds only via UPI for investment of up to Rs 5 lakh (25-09-2024)
The Securities and Exchange Board of India (Sebi) announced that starting Nov 1, 2024, retail investors applying for public issues of debt securities through stock brokers for amounts up to ₹5 lakh must use UPI to block funds, while other modes of payment will still be available for individual investors through stock exchange platforms.
In Sensex’s journey from 75K to 85K, HDFC and Bharti Airtel outshined (25-09-2024)
HDFC Bank, Bharti Airtel, Infosys, ICICI Bank, and M&M contributed over 50%, or 5,700 points, to the recent 10,000-point Sensex rally, as the index surged 13.16% from 75,000 to 85,000, outperforming markets in Japan, France, and China during this period.