A flurry of small deals has made India one of Asia’s busiest IPO markets this year. Bigger share sales brighten the nation’s chances of attracting global funds as investors rotate money amid a patchy recovery in China.
At multi-year highs: These 6 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.
Positive BreakoutCeatand 2 other stocks cross above their 200 DMA
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Big funds bet the ‘anything but bonds’ trade is poised to end
Big US bond investors, including mutual fund managers, are aggressively moving funds into long-dated notes, expecting gains from interest rate cuts. Research by JPMorgan Chase shows the top 20 managers increasing duration by piling into high-grade corporate bonds to avoid negative carry. The allure of long-dated corporate bonds is growing as markets anticipate Federal Reserve rate cuts.
Asia shares touch two-year top as China plans property boost
Brent crude futures touched a one-week high of $84.14 a barrel in early trade, with the crash, in heavy fog, of a helicopter carrying Iran’s president drawing traders’ attention to the Middle East. Gold hovered close to a record high at $2,423 an ounce.
Oil prices climb amid uncertainty over Iran president’s fate
Brent rose 26 cents, or 0.3% to $84.24 a barrel by 0049 GMT. U.S. West Texas Intermediate crude (WTI) gained 15 cents, or 0.2% to $80.21 a barrel.
No royalty hike for parent as Nestle India shareholders turn down proposal
Majority of Nestle India shareholders have rejected a proposal to increase royalty payout to Swiss parent Nestle SA. A total of 57.18% shareholders voted against the proposal, including 70.8% public shareholders. The board approved a 5-year royalty increase from 4.5% to 5.25% of net sales. Proposal included Maggi instant noodles and Nescafe instant coffee.
Need to reconsider sachetisation of F&O trade to safeguard household savings: CEA
“When we take pride in the fact that we have the world’s largest trading volume in futures and options (F&O), we need to ask ourselves is that a sign of progress or a sign of concern,” the CEA said.
Debt, equity holders approve merger of IDFC with IDFC First Bank
“We wish to inform that the resolution approving the Scheme was passed by the overwhelming majority of 99.95 per cent of the equity shareholders, representing more than three-fourths in value of the equity shareholders of the bank voting through remote e-voting and e-voting during the meeting, in terms of the provisions of Sections 230-232 of the Companies Act, 2013,” the lender said.
At multi-year highs: These 5 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.