Oil prices surged over 3% due to heightened Middle East tensions after Iran’s significant military strike against Israel. The potential for escalating conflict threatens oil facilities and critical supply routes, raising fears of further disruptions. OPEC+ maintains current production levels amid uncertain geopolitical impacts.
Stocks stable, oil rises as wary investors eye Middle East hostilities (02-10-2024)
Stocks remained steady as geopolitical tensions in the Middle East lifted oil prices nearly 3%. Safe havens like government bonds and the dollar gained ground. U.S. job market data suggested a smaller Fed rate cut while Euro inflation trends indicated possible ECB easing this month.
Stock brokers to offer UPI-based fund blocking or 3-in-1 account from Feb 1 (02-10-2024)
Starting February 1, qualified stock brokers will have to either offer the facility of trading in the secondary market using the UPI-based block mechanism to their clients, similar to the ASBA facility, or a three-in-one trading account facility, a move that will empower investors.
Qualified Stock Brokers (QSBs) must offer one of these two options, in addition to the current mode of trading.
A three-in-one trading account combines a savings account, a demat account, and a trading account into a single integrated solution. In this case, the clients would have their funds in their bank account, earning interest on the cash balances.
“This initiative will empower and benefit investors with enhanced security, improved transparency, interest earnings and ease of making payments at a time when UPI payments are witnessing significant growth,” Rahul Jain, CFO, NTT DATA Payment Services India, said.
Additionally, the move will improve fund management and further enhance investors’ convenien
Cantabil India – Betting on Tier 2 and Tier 3 Consumption (02-10-2024)
I could not see any promoter selling. There was preferential issue in January 2024 and some purchase by promoters in June 2024 as per screener.in
Am i missing something?
Nike shares dip as forecast withdrawal worries investors about turnaround timeline (02-10-2024)
Nike shares fell by about 6% in premarket trading after the company withdrew its annual revenue target, creating uncertainty over its turnaround strategy under new CEO Elliott Hill. Investors remain concerned as the company delayed its investor day, with no definite timeline for recovery provided.
IIFL Home Finance likely to hit retail bond market in Q3 after three years (02-10-2024)
IIFL Home Finance plans its first retail fundraise in three years to diversify its liabilities. Filing a draft prospectus to raise up to Rs 3,000 crore, it aims for an initial fundraise of Rs 300-500 crore this quarter. The strategy follows RBI’s move to limit NBFCs’ bank borrowing, impacting their usual funding sources.
How to register with SEBI as a Research Analyst? (02-10-2024)
Section 4.8.1 reads:
Qualifications: For an individual IA/RA, partner, principal officer of non-individual IA/RA: a graduate degree or a PG degree/ PG diploma or professional qualification in specified field or a PG program from NISM or a professional qualification by obtaining a CFA Charter from the CFA Institute. Specified field shall include finance, accountancy, business management, commerce, economics, capital market, banking, insurance, actuarial science or other financial services or markets.
Bandhan Financial Services appoints Chandra Shekhar Ghosh as chairman cum executive director (02-10-2024)
Chandra Shekhar Ghosh is now the chairman and full-time executive director of Bandhan Financial Services. The decision was approved by shareholders including IFC and Sidbi. Ghosh took on this role after retiring from Bandhan Bank as managing director. Having founded the Bandhan group 24 years ago, Ghosh aims to contribute strategically to the group’s growth.
My Portfolio (Updates and Suggestions) (02-10-2024)
This exposure looks fair to me considering your long term horizon and end goals. However, a word of caution on any further exposure to Adani / Ambani stocks. Likewise I think you have excess position in HDFC bank.
Also think about incorporating few good ones, wherein government is pushing locally and which has good potential going forward (such as green energy, defense, semiconductors etc.)
Above are my personal views. Take informed decisions.