“The MPC was thus of view that this environment creates space for a lower policy rate, without compromising on other macroeconomic objectives.”
Posts in category Economic Times
KRN Heat Exchanger and Refrigeration’s Rs 342-cr IPO to open on Sep 25 (20-09-2024)
The company has long standing relations with Daikin Airconditioning India, Schneider Electric IT Business India, Kirloskar Chillers and Blue Star among others
Rupee logs best week this year, aided by Fed cut, portfolio inflows (20-09-2024)
Overseas investors have net bought more than $7 billion of Indian debt and equities so far in September, the highest monthly inflow since December 2023
Market Wrap: D-Street smashes fresh lifetime high; Sensex closes above 84,540, Nifty just shy of 25,800 (20-09-2024)
Indian headline indices smashed fresh record highs on Friday catapulted by heavyweights ICICI Bank and HDFC bank which had the biggest contribution to the respective index. They took positive cues from global and Asian markets amid the onset of a monetary easing policy by the US Fed.
JM Financial initiates coverage on this smallcap stock, sees 20% upside potential (20-09-2024)
JM Financial initiated coverage on Ami Organics with a buy rating and a target price of Rs 1,965. The brokerage firm believes Ami is poised for growth due to its successful execution of the Nubeqa contract and the upcoming manufacturing of electrolytes. Ami has a portfolio of 570+ products catering to 500+ customers across 45 countries.
Largecaps showing better risk-reward potential compared to midcaps and smallcaps: Harshad Patwardhan (20-09-2024)
It is best as far as banking is concerned. Credit cost will probably normalise, NIMs will probably are also past their best, so that is the problem. I agree that valuations look far attractive compared to history in many cases, but banking is where we are sort of I would say more negative. NBFCs actually will get more interesting as the rate cut cycle begins.
Crypto Price Today: Bitcoin surges over 2%, breaches $63,500 mark on Fed rate trigger. Avalanche top gainer at 9% (20-09-2024)
Cryptocurrencies continued their rally for the second day following the Fed’s rate cut. Bitcoin and Ethereum led the gains, with Avalanche surging 9%. The broader market also saw significant gains. Experts see further gains in the Q4 period.
European shares slip but set for weekly gains; Mercedes drops (20-09-2024)
Automobile shares led sectoral losses with a 2.9% fall, hurt by a 7.6% drop in Mercedes-Benz after the carmaker cut its full-year profit margin for the second time in less than two months, as overall sales volume fell in China.
These fundamentally high-performing stocks rally 50-125% in FY25 (20-09-2024)
The analysis focused on companies with a market capitalization exceeding Rs 1,000 crore that exhibited sales and profit growth surpassing 15%, along with a Return on Equity (RoE) exceeding 15%.
Axis Capital to explore legal remedies against Sebi’s ban on debt segment biz (20-09-2024)
Axis Capital is exploring legal options against Sebi’s order restricting it from new assignments as a merchant banker for the debt segment. The company clarified that all other business activities will continue as usual, and the debt segment accounted for only 5% of its revenue in FY 2023-24.