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Source: Live Mint On Monday, the Nifty Metal index increased by almost 2%, marking its seventh consecutive session of gains, driven by sharp uptick in global metal prices, particularly following China’s intended stimulus aimed at strengthening its economy. Metal stocks were skyrocketing in an otherwise volatile and sluggish market on Monday’s trade. At 12:30 IST,…
Source: Live Mint Are you interested in buying government securities and bonds? If yes, you can buy them on RBI Direct Retail app or portal. For the unversed, RBI direct retail scheme was launched in Nov 2021, which enables investment in government securities by individual investors. Under this scheme, investors can open a Gilt Securities Account —…
Source: Live Mint FPIs net invested ₹57,359 crore in September, the most since ₹66,135 crore in December last year, shows National Securities Depository Ltd (NSDL) data. September has recorded the fourth-largest FPI net inflows to date, aided partly by global index provider FTSE’s semi-annual rebalancing, which resulted in around ₹7,000-10,000 crore inflows this month, thanks…
Source: Live Mint Expert view: Harshad Borawake, the head of research and fund manager at Mirae Asset Investment Managers (India), finds broader indices above their long-term averages. He says one should be stock-specific in mid and small caps, and large caps could be relatively better placed at the current juncture. He says his portfolios remain…
Source: Business Standard Reserve Bank of India (RBI) is expected to cut interest rates by a modest 50 bps over the next six months. (Photo: Shutterstock) 3 min read Last Updated : Sep 27 2024 | 8:49 AM IST The Reserve Bank of India (RBI) is expected to cut interest rates by a modest…
Source: Business Standard 2 min read Last Updated : Sep 27 2024 | 5:46 PM IST India’s foreign exchange reserves continued to rise for a sixth straight week to a record high of $692.3 billion as of Sept. 20, data from the central bank showed on Friday. The reserves rose by $2.84 billion…
Source: Business Standard India’s central bank watchers are getting anxious about who will decide interest rates. Image: Bloomberg 5 min read Last Updated : Sep 27 2024 | 10:15 AM IST By Anup Roy India’s central bank watchers are getting anxious about who will decide interest rates in two week’s time, a crucial meeting as…
Source: Business Standard 1 min read Last Updated : Sep 27 2024 | 5:51 AM IST Non-banking financial companies (NBFCs) in the middle-layer had the highest share of unsecured loans, at 27.3 per cent, followed by those in the upper layer at 24.3 per cent at end-December 2023, according to a paper in the Reserve…
Source: Business Standard 2 min read Last Updated : Sep 26 2024 | 5:44 PM IST The National Payments Corporation of India (NPCI) has announced changes to the UPI Autopay framework. Effective immediately, auto-replenishment of NETC FASTag and RuPay National Common Mobility Card (NCMC) will no longer require the standard 24-hour pre-debit notification. …
Source: Live Mint Following the recent lifting of RBI restrictions on its gold loan business, global brokerage house HSBC upgraded IIFL Finance stock to ‘hold’ from ‘reduce.’ HSBC also raised the stock’s target price to ₹540 from ₹350 earlier, implying an 8 percent upside potential. HSBC also upgraded its FY25-27 EPS estimates by 6 percent…
