The US Fed rate cut effect: Foreign investors splurge on Indian shares on Day 2 | Stock Market News

The US Fed rate cut effect: Foreign investors splurge on Indian shares on Day 2 | Stock Market News

Source: Live Mint Foreign investors upped the ante in Indian markets on the second day after the US Federal Reserve’s larger-than-expected interest rate cut, catapulting the benchmark Nifty 50 and Sensex indices to fresh highs. To be sure, part of the ₹14,000 crore provisional buying by foreign institutional investors on Friday was due to index…

Read More
Super FMCGs! Mrs Bectors to Jyothy Labs—LKP bets on 3 consumer staples over robust volume, eyes 20-30% returns | Stock Market News

Super FMCGs! Mrs Bectors to Jyothy Labs—LKP bets on 3 consumer staples over robust volume, eyes 20-30% returns | Stock Market News

Source: Live Mint Fast-moving consumer goods (FMCG) companies (largely staple companies) have struggled to improve their volume growth in the last few years due to sluggish demand growth, especially in rural areas. Domestic brokerage LKP Securities noted large consumer staple companies reporting an average mid- to high single-digit volume growth between FY20-24, unlike a few…

Read More
What the history of money tells you about crypto’s future

What the history of money tells you about crypto’s future

Source: Live Mint This month China’s central bank revealed that its digital currency, the e-CNY, had been used for 7trn-yuan-worth of transactions in its short life—an amount equivalent to almost $1trn. China is not alone. Over 130 countries are exploring digital currencies, according to the Atlantic Council, a think-tank. Proponents of official digital currencies believe…

Read More