Indian government bond yields are expected to remain steady this week, with attention shifting to domestic factors after the Federal Reserve’s recent rate cut. The focus will be on India’s borrowing calendar for October-March, which is expected to be announced this week, and a debt sale worth 340 billion rupees due on Friday.
Posts in category Economic Times
Can recent rebound in non-ferrous metal prices be sustained? Jenson Ong answers (23-09-2024)
So, with the upstream tightness and coupled with the contradicting lacklustre demand from the downstream metals, we could see a push-pull factor in terms of having stronger upstream cost support, but at the same time weakening demand price support on the downstream end as well.
Rupesh D Sankhe on NTPC Renewables IPO growth prospects (23-09-2024)
Assuming that they add 20 gigawatt of capacity and market is discounting next two to three years kind of a capacity addition, I think 40,000 to 50,000 crore kind of market cap one can expect from near term perspective.
Foreign banks seek easier norms for FPIs in corp debt (23-09-2024)
Banks have asked the Reserve Bank of India to relax norms for foreign investment in corporate debt, aiming to capitalize on rising global interest following India’s inclusion in a JP Morgan bond index. They seek changes in rules regarding residual maturity, investment caps, and lock-in periods to boost FPI interest in corporate bonds.
Gold prices hover near record highs on Fed’s aggressive rate stance (23-09-2024)
Gold prices remained near record highs on Monday, driven by the U.S. Federal Reserve’s recent interest rate cut and expectations of further reductions. Spot gold steadied at $2,619.37 per ounce, while U.S. gold futures slightly dipped. Traders are closely watching upcoming PCE inflation data and geopolitical tensions between Hezbollah and Israel.
Oil edges up following US rate cut move, geopolitical concerns (23-09-2024)
Oil prices saw a slight increase in early Monday trade, driven by concerns over Middle East conflict affecting supply and the U.S. interest rate cut supporting demand. Brent crude futures rose to $74.69 a barrel, while U.S. crude futures climbed to $71.22. The Federal Reserve’s rate cut and tensions between Israel and Iranian-backed militias contributed to the price rise.
Bitcoin jumps while Japan holiday dulls most currencies (23-09-2024)
Bitcoin surged to one-month highs following the Federal Reserve’s significant rate cut, while the yen and other major currencies remained stagnant. The Bank of Japan kept interest rates unchanged, affecting the yen’s recent gains. U.S. Treasury yields steepened, and economists predict further Fed rate cuts this year.
Financial services get highest foreign inflows in first half of September (23-09-2024)
Overseas investors purchased Indian equities worth ₹32,779 crore across 17 sectors in the first half of September. Financial services received the highest inflows at ₹12,253 crore. Healthcare, consumer durables, and FMCG sectors also saw significant investments. However, the automobile sector faced the highest outflows at ₹1,983 crore.
Afcons Infrastructure’s IPO to open in early October (23-09-2024)
Afcons Infrastructure’s billion-dollar IPO, the largest in over two years, is set to launch in early October. The Shapoorji Pallonji Group’s engineering arm may increase the issue size to ₹8,400 crore. Proceeds will fund capital expenditure, working capital needs, and debt repayment. ICICI Securities and others are managing the issue.
Looking to make a quick buck? Strong IPO listing offers no guarantee of sustained gains (23-09-2024)
Investors eyeing quick profits from IPOs might benefit from selling newly-acquired shares soon after listing. Data shows that out of over 100 IPOs in 2023, many stocks failed to maintain their initial gains. Analysts suggest selling on the first day if shares hit the upper circuit for short-term gains.