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Source: Live Mint (Bloomberg) — Senegal’s dollar bonds fell on Monday after Moody’s Investors Service downgraded the country’s sovereign credit ratings further into junk territory. The West African nation’s Eurobonds are among the worst performers in emerging markets this month, with notes maturing in 2048 losing for the first time in three days by declining…
Source: Live Mint NEW YORK, – Two U.S. Treasury market utilities are set to roll out new rules by the end of this year that will determine the amount of leverage hedge funds and other investors can deploy in trades, a step that could counterbalance rising transaction costs stemming from upcoming clearing requirements. The Depository…
Source: Live Mint Godfrey Phillips’s share price ended with a loss of 3.57 per cent at ₹5,582.35 on Monday, February 24, on the BSE, thus extending the losing streak to the fifth consecutive session. In the last five sessions, the stock has declined nearly 21 per cent amid concerns about potential GST increases on tobacco…
Source: Live Mint MUMBAI, Feb 24 (Reuters) – Indian benchmark bond yield ended little changed on Monday, while shorter-duration bond yield declined, as the central bank’s longer-term liquidity infusion plan and dovish commentary aided sentiment. The benchmark 10-year yield ended at 6.7036%, compared with its previous close of 6.7065%. The members of the rate-setting monetary…
Source: Live Mint Top Gainers and Losers Today : **The Top Gainers and Losers Today**: The Nifty index concluded the trading session at 22,795.9, representing a decline of 1.1%. During the day, the Nifty reached a high of 22,668.05 and a low of 22,548.35. The Sensex exhibited a trading range between 74,901.66 and 74,503.09, ultimately…
Source: Live Mint Citigroup Inc. upgraded Indian stocks to overweight from neutral, while turning underweight on equities in Southeast Asia. There is “meaningful upside” in Indian equities amid “less demanding” valuations, Citi said in a note. The benchmark NSE Nifty 50 Index may rise to 26,000 by the end of December, according to strategist Surendra…
Source: Live Mint The IPO of Nukleus Office Solutions, which opened for bidding today, February 24, saw moderate investor interest, with the issue being subscribed 0.13 times as of 2:00 a.m., according to exchange data. The retail investor segment was subscribed 0.14 times, while the non-institutional investor (NII) category received a 0.01 times subscription. The…
Source: Live Mint HealthCare Global share price jumped 7% on Monday after global investment firm KKR announced to buy a majority stake in the company. HealthCare Global shares spiked as much as 7% to a high of ₹535 apiece on the BSE. KKR has signed a definitive agreement to acquire up to 54% stake in…
Source: Live Mint But with competition heating up and the stock trading at historical highs, the next question is: can M&M sustain its dream run over the next three years, or is the best of the rally already in the rear-view mirror? Breaking down M&M’s growth story Over the past five years, M&M’s sales and…
Source: Live Mint SBC Exports share price gained on Monday despite a sharp sell-off in the Indian stock market. The small-cap stock, SBC Exports shares rose as much as 0.47% to ₹19.16 apiece on the BSE. The gains in SBC Exports shares on the day of the stock market crash came after the company announced…
