Overview Government bond yields fell below the psychologically significant 6% mark on Wednesday, following the central bank’s announcement of a Rs 35,000-crores bond buyback programme as part of its new pandemic-relief package. Bond dealers, on the other hand, are wary of the rally’s long-term viability, considering the federal government’s and states’ massive borrowing programmes. Bonds …
There is no respite for cryptocurrency holders in India. Unofficial estimates by three major cryptocurrency exchanges put the total number of crypto investors to anywhere between 60 lakhs to a crore with holdings crossing a whopping Rs 10,000 crore. Despite their strong and thriving presence, the Reserve Bank of India seems dead set on pulling …
Oil continued to hold gains on Wednesday and seemed to consolidate its seven-week high on hopes that two major markets- the US and Europe will kickstart steady consumption soon. The hope comes on the back of efforts of the two economies to reopen on a larger scale and bolster vaccination efforts. Steady reopening of major …
The Indian IPO market is maturing fast, and various IPO offers are making their way to the market. After the Powergrid InvIT IPO announcement, another state-owned unit is ready to float InvIT in the Indian market. National Highways Authority of India (NHAI) has filed to float an InvIT that will invest in infrastructure projects. NHAI …
Overview On Monday, the Nifty opened with a gap down, but it was able to maintain the 14,400 level and gradually recover most of its intraday losses to finish the day flat. On the daily timeframe map, it established a Bullish Candle, closing above the opening level and reclaiming its 50-day EMA. It must now …
The fourth quarter earnings season in India is well underway and will be watched keenly by analysts and investors alike, as corporate earnings make a huge impact on equity markets. Earnings expectations can affect stock valuations and returns too. Earnings of some sectors are likely to be impacted by lockdowns across the states amid rising …
Overview Jonathan Schiessl, IIFL’s Fund Manager, discusses which side of the banking sector looks better from an investment standpoint. “Retail-focused banks are valued at a high premium, so there is less space for setbacks in that sector. The business sector currently has a marginally stronger risk-reward ratio, but both sectors are at risk of being …
A host of new-age tech companies are lining up to launch initial public offerings as the Indian economy moves on the path of recovery post a pandemic ravaged year. After Zomato filed for an Rs 8250 crore public offer, another tech startup, CarTrade, prepares to file a draft with SEBI this month. It will be …
The benchmark index, BSE Sensex, crashed more than 600 points in early trading on Monday, down nearly 1.5 percent, while the NSE Nifty opened 1.2 percent or over 180 points lower in early trading. While the Sensex was in danger of giving up the 48k-level, the Nifty index was under 14,500 levels on opening. The …
Market regulator Securities and Exchange Board of India (SEBI) has recently directed that senior management of asset management companies (AMCs) will be paid 20 per cent of their compensation by way of scheme units in which they have played a role or have overseen. If AMCs consider paying 20 per cent, according to SEBI’s circular, …
