Market Bizzz

The BOJ kicks off its two-day monetary policy meeting on Monday, leading a week which will also see interest rate decisions from the U.S. Federal Reserve and the Bank of England.

Brent crude futures dropped 98 cents, or 1.1%, to $89.50 a barrel by 0001 GMT while U.S. West Texas Intermediate crude was at $84.54 a barrel, down $1, or 1.2%.

The bank has already raised Rs 5000 crore through QIP in August at an issue price was Rs.86.55 per equity share which included a premium of Rs.76.55 per equity share. Its Capital risk weighted adequacy ratio is at 16.69 percent.

The consolidated revenue from operations for the said period stood at Rs 44,983.35 crore, which was up 1.8% from Rs 44,175.03 crore reported by the power company in the year-ago period. On a quarter-on-quarter basis, the revenue was up 4.4%, the company informed in its filing to the exchanges. The company had reported a revenue of Rs 43,075.09 crore in the June ended quarter.

This was a 15-year high, seen previously only in 2007. This sent the equity markets into a tailspin. The markets remained under strong corrective pressure for three sessions in the truncated week, with the last trading day seeing a technical rebound.

Wall Street’s “fear gauge,” the Cboe Volatility Index, held above 20 for a second consecutive week after staying below the threshold more than 100 days. Bond volatility gave investors more reason to worry as gyrations of more than 10 basis points on Wednesday and Thursday put further pressure on an earnings season where companies that miss estimates are getting whacked

Only eight stocks in the smallcap space delivered double-digit returns. Black Box was the top gainer in the week with 20.64% returns.

Dimon and his family plan to kick off the disposal of 1 million of the lender’s shares next year for financial diversification and tax-planning, according to a regulatory filing.