Latest posts
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Global Market Today: Asian shares mixed as bond yields, oil keep investors on edge
Contracts for the S&P 500 Index rose 0.5% after the underlying gauge erased its gains to close 0.2% lower in the final hours of Wednesday trading. Asian shares edged lower after Micron Technology Inc. gave an upbeat forecast, but warned that rising compensation costs would weigh on profit margins. Alphabet Inc.’s shares rose after Google…
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Hospital stocks slip after SC query on steep cancer drug markups
In a landmark ruling, the Supreme Court of India highlighted troubling markups on cancer drugs enforced by hospitals, urging a probe into reports of patients being directed to specific pharmacies for their medications. Following this announcement, the BSE Hospitals Index faced a steep 5% drop, leading to notable losses for industry giants like Apollo Hospitals…
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Stocks in news: Infosys, HDFC Bank, Jio Financial, IRFC, NCC and Blue Dart
Indian equity benchmarks experienced a decline over two sessions due to profit booking and rising oil prices. The Nifty 50 index closed down by 95.75 points, reaching 22,620.45. Jio Financial Services and Allianz Europe B.V. have invested in their joint venture for business operations. Infosys has expanded its partnership with ABN AMRO for AI-driven transformation…
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Pre-market action: Here’s the trade setup for today’s session
Benchmark indices faced a decline as global uncertainty impacted the market and investor sentiment remained cautious. The Nifty index is under pressure, with 22,600 acting as a significant support level. Foreign portfolio investors recorded a net sale of shares worth Rs 10,148 crore while domestic institutions were net buyers. The rupee settled flat against the…
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France’s 10-year bond yield heads for biggest quarterly surge since 1987
France’s bond yields have been rising sharply, with September seeing the largest increase in decades. Investors are concerned about inflation as energy costs continue to rise, impacting fiscal stability. The government plans to issue €340 billion in bonds next year, which could strain its fiscal position further. Economic indicators suggest that pressures on interest rates…
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US SEC proposes wider retail investor access to private assets amid risk concerns
The SEC has proposed new rules to expand access to private assets typically available only to wealthy investors. These rules aim to allow more professionals to qualify as accredited investors, which may lead to higher returns. Critics express concern that this move could expose retail investors to significant risks and fees. Additionally, proposed changes would…
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Kisan Vikas Patra: Want to transfer, pledge or prematurely close your account? Here’s what the rules say…
The Kisan Vikas Patra (KVP) is a 115-month investment scheme designed for Indian citizens aged 10 and over, allowing deposits starting from ₹1,000. Here’s a look at the rules to transfer, pledge or prematurely close your account…
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NPS Swasthya: ₹1 lakh to ₹30 lakh — Check health insurance cover, deductibles the scheme likely provides
PFRDA plans to introduce the NPS Swasthya health-focused pension product after successful testing. Here’s a look at what we can expect, the deductibles and likely healthcare insurance cover the product may provide…
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RBI’s new bulk FD rules from October 1: What changes for investors? Experts explain
The revised RBI framework is aimed at making bulk-FD pricing more transparent and giving large depositors clearer information about the interest rate applicable to their deposits.
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Avalon Tech block deal: Promoters divest 6% stake worth Rs 871 crore
Avalon Technologies saw an Rs 870.6 crore bulk deal as three promoter entities sold 40.08 lakh shares, representing 6% equity. Kotak Mahindra Mutual Fund bought 24.02 lakh shares, while Nomura retained its Buy rating and raised its target price.