The recent partnership is an extension to Citi being initially chosen by BBX in 2021 to act as a custodian for the underlying bonds issued and traded on its exchange as fractionalized assets.
Arm Holdings shares gain nearly 25% in biggest initial public offering since late 2021
Arm’s business centers on designing chips and licensing the intellectual property to customers, rather than chip manufacturing, for which it relies on partners. The company recorded $2.68 billion of revenue in its last fiscal year, which ended in March, and had $524 million in profit for that period.
China’s cenbank boosts liquidity further with MLF policy tool, rate unchanged
The People’s Bank of China (PBOC) said it was keeping the rate on 591 billion yuan ($81.2 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50% from the previous operation.
Taking Stock: Market fails to hold record levels, ends marginally higher; mid, smallcaps outperform
The broader indices outperformed the main indices, with BSE midcap and Smallcap indices gaining one percent eachMid-day Mood | Indices off record highs but Nifty sustains above 20,000
Investors shrugged jitters from the slightly higher-than-expected US CPI figures for August as they believe it is unlikely to have a bearing on the FOMC#39;s decision next week.Dollar hovers above 3-month low to euro as ECB decision looms
The yen pulled away from near a 10-month trough to the dollar as a decline in long-term Treasury yields removed some support for the U.S. currency.
Mutual funds accumulate auto, EMS stocks as demand seen picking up
Robust demand outlook ahead of the upcoming festive season, improvement in semi-conductor supply, and declining raw material prices prompted fund managers to buy auto and auto-component stocks like Mahindra & Mahindra, Bharat Forge, Hero Motors, TVS Motors, and Samvardhana Motherson International.
Positive action likely on weekly expiry. What should Nifty traders do?
As for the Bank Nifty which had a weekly expiry on Wednesday, the series witnessed short covering with an increase in price of 3.87% and decrease in OI by 16% where there was shedding of over 4 lakh shares in OI, decreasing from 25.17 lakh to 21.15 lakh shares. The Bank Nifty August series rollover stands at 17%.
Taking Stock: Sensex up 246 pts, Nifty above 20,050; midcaps recover smartly
The BSE midcap index made smart recovery from the day#39;s low and ended flat, while Smallcap index added 0.8 percent.Mid-day Mood | Indices trade in narrow range as market awaits US inflation print
Factoring in the stellar run in recent weeks, analysts also expect the market to take a breather.