The Indian rupee reached a two-month high, driven by portfolio inflows and a rally in the Chinese yuan following the Federal Reserve’s interest rate cut. The rupee closed at 83.68 against the U.S. dollar, with India’s equity indices also seeing gains.
Posts in category Economic Times
Expect rate moderation, not a severe rate cut cycle, denoting problems with growth & capex: Vinod Karki (19-09-2024)
Vinod Karki from ICICI Securities addresses growth concerns in IT and agri-rural sectors, uneven rainfall distribution, and high valuations. He notes the telecom sector’s recovery with rising tariffs. Potential shifts in cyclicals are highlighted alongside private capex trends and interest rate impacts on corporate investments. Financials, energy, and utilities show moderate valuations.
Unique Picks: Stocks held by only one MF scheme in August, rally upto 280% in CY24 (19-09-2024)
ETMarkets’ latest mutual fund analysis explores stocks held by just one scheme. As of August 2024, we identified 157 of these stocks. To refine our focus, we concentrated on those with a mutual fund market value exceeding ₹20 crore and a share price increase of over 20% in calendar year 2024 to date.
Navigating Market Peaks: Why are bonds your smartest move during this rate cut cycle? (19-09-2024)
Historical trends underscore the impressive performance of bonds during Federal Reserve rate-cutting cycles. Since 1980, bond markets have consistently delivered substantial returns as rates were lowered. A notable example comes from April to June 1980, when an 11% rate cut coincided with an exceptional 18.8% return on the Bloomberg US Aggregate Index. Similarly, between June 1989 and September 1992, a 6.56% rate reduction drove an astonishing 46.3% return.
Vodafone Idea shares fall up to 20% on SC’s AGR plea rejection. Is the worst over? (19-09-2024)
Vodafone Idea Share Price: Vodafone Idea shares plunged 20% after the Supreme Court rejected its plea to recalculate AGR dues. Analysts believe the company will need to raise funds to repay the dues. Competition and tariff hikes may further impact Vodafone Idea’s survival.
Is there a way out for Vodafone Idea after mounting AGR woes? Balaji Subramanian explains (19-09-2024)
If you add the spectrum payouts also, the number goes up to a much higher number. So, the company has given these numbers. It would be around Rs 27,000-28,000 crores in FY26. And from FY27 onwards, it would be around Rs 41,000-42,000 crores. So, these are pretty big numbers. And a favourable outcome would have reduced these numbers by around Rs 8,000 crores.
Sensex at record high but retail investors frowning after Fed rate cut. Here’s why (19-09-2024)
The US Federal Reserve’s first rate cut since 2020 has shifted investor interest towards largecaps, with foreign inflows expected to rise in emerging markets like India. While Sensex and Nifty hit new peaks, midcaps and smallcaps faced selling pressure. Retail investors’ portfolios were impacted, and market capitalization fell by over Rs 3 lakh crore.
HAL shares slump over 5% even amid overall bullish market sentiments (19-09-2024)
HAL Share Price: Shares of Hindustan Aeronautics Ltd fell over 5% despite strong market sentiments, following a significant Rs 26,000 crore defense deal. Analysts expect continued growth amid supply chain challenges.
Lupin share price down 3.3 per cent (19-09-2024)
A total of 18,401 shares changed hands on the counter till 02:10PM (IST).
REC shares drop 4.81% as Sensex rises (19-09-2024)
A total of 494,040 shares changed hands on the counter till 01:59PM (IST)