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 falls Rs 10, silver down Rs 100; yellow metal trading at Rs 75,920 (23-09-2024)
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 69,590
Stock Market LIVE Updates: Sensex up 200pts at 85,700, Nifty at 25,900; PSU Bank, O&G, Auto gain (23-09-2024)
Stock Market LIVE Updates: India equity benchmark indices started at fresh record highs on Monday, driven higher by gains in Asia markets.
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.