The US Federal Reserve’s unexpected rate cut is unlikely to boost foreign investments in Indian equities due to high stock valuations, says Chris Wood of Jefferies. While other markets may benefit, India remains less attractive despite strong economic growth and infrastructure spending. Geopolitical risks and the US election outcome are key global concerns.
Reserve Bank lifted curbs on gold loan business, says IIFL Finance
The Reserve Bank of India has lifted the restrictions on IIFL Finance’s gold loan business, allowing the company to resume operations. The ban, imposed in March due to supervisory concerns, had led to a significant decline in IIFL’s gold loan book and profits. The company can now comply with all relevant laws and regulations.
Higher overseas investments in G-secs may lead to an SLR cut: S&P Global
India’s inclusion in global bond indices is expected to increase foreign investment in government bonds, potentially reducing banks’ role in financing the Centre’s debt. This shift may lead to a reduction in the statutory liquidity ratio over time, according to S&P Global economists.
Last day to buy! RITES record date for dividend, bonus share issue tomorrow.
A 1:1 bonus share issue means that shareholders will receive one additional share credited to their demat account for each existing share they hold, assuming they meet the eligibility criteria.
Fed cut positive for Asian stocks and risk currencies, analysts say
The Federal Reserve’s decision to cut its benchmark interest rate by 50 basis points is expected to positively impact Asian stocks. Analysts believe this move will provide more room for regional central banks to loosen policies, easing monetary pressure and boosting risk assets and high-yield currencies in the region.
Big movers on D-Street: What investors should do with TCS, Torrent Power and Mphasis
After hitting lows around Rs 3,583 in June 2024, the price experienced a significant upward movement, reaching an all-time high of Rs 4,592, marking a nearly 30% return from its lower level, with buyers dominating the market. A Higher Top Higher Bottom pattern developed during this rally.
At multi-year highs: These 4 Nifty stocks witness 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Bajaj Housing Finance, Ola Electric trading at crazy valuations that can’t be justified: Sandip Sabharwal
Sandip Sabharwal discusses the overvaluation of Bajaj Housing Finance and the frenzy in Ola Electric’s stock. He highlights that established financial companies are trading at much lower valuations and questions the sustainability of Ola Electric’s market share. He also comments on the current state of EV adoption and airline investments.
Negative Breakout: 4 stocks cross below their 200 DMAs
The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
Positive Breakout: These 3 stocks crossed above their 200 DMAs
The 200-day DMA is used as a key indicator by traders to determine the overall trend of a particular stock.