Aarti Industries, Balrampur Chini Mills, Biocon, Birla soft, Gujarat National Fertilisers and Chemicals (GNFC), Granules India, LIC Housing Finance, Oracle Financial Services, Punjab National Bank (PNB), and RBL Bank.
Asian stocks and dollar gain as Fed Reserve charts ‘soft landing’ path (19-09-2024)
Futures rose 0.6 per cent in the Asia day and Nasdaq futures were up 0.9 per cent
Gold price dips Rs 10to Rs 74,720, silver falls Rs 100 to Rs 90,900 (19-09-2024)
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 68,490
US Fed cuts 50 bps rate: Here’re key takeaways from Jerome Powell statement (19-09-2024)
US Fed rate cuts: The last time the Federal Open Market Committee (FOMC) cut by half percentage was in 2008 during the global financial crisis
Extreme Bull Market: No fear in the market but there’s greed in all sectors except financials, says S Naren (19-09-2024)
S Naren of ICICI Prudential AMC discusses the current bull market, which began in March 2023 due to attractive equity taxation. He highlights the role of liquidity and the potential for continued market growth if supply does not catch up with demand. Naren also advises caution in deploying new money.
Fed’s Powell: No sign of elevated likelihood of economic downturn (19-09-2024)
“I don’t see anything in the economy right now that suggests that the likelihood of a recession — sorry, of a downturn — is elevated,” Powell said in a news conference.
Shapoorji company Goswami Infratech seeks time from bondholders to list Afcons Infrastructure (19-09-2024)
Goswami Infratech, part of the Shapoorji Pallonji group, has requested a three-month extension from bondholders for coupon payments on Rs 14,300 crore high-yield bonds. The company also seeks a one-month delay in the IPO deadline for Afcons Infrastructure to October 31. These extensions are crucial to avoid higher interest rates.
State Bank of India raises Rs 7,500 cr at 7.33% rate via tier-2 bonds (19-09-2024)
State Bank of India has raised ₹7,500 crore through tier-2 bonds with a 7.33% coupon rate for 15 years. The issuance attracted bids over three times the base issue size, reflecting strong investor confidence. This brings SBI’s total tier-2 bond issuance to ₹15,000 crore this fiscal year.
Dipan Mehta on how to handle market highs and sector rotations (19-09-2024)
Certainly, it will be very favoured stock. So, I think we are seeing some sort of position being taking place in the BSE. Do keep in mind that a lot of liquidity has been sucked up and these counters are pretty much dry. So, even small amount of buying can lift the stock prices.