Union Bank of India on Monday said that it will raise Rs 2,200 crore through two separate tier-2 bond issues. The bank will raise Rs 1,500 crore through bonds maturing in 15 years and another Rs 700 crore via bonds maturing in 10 years, the lender said in an exchange…
European stocks were on track for a sixth successive week of gains on Friday and government bond yields globally traded near multi-week lows as investors reacted to positive data and signs central banks may not hike rates as aggressively as feared. The 10-year Treasury yield dipped to 3.65% on its…
By Dharmesh Shah Equity benchmarks snapped the two weeks losing streak and concluded a truncated week on a positive note as Nifty settled at 17916, up 1.4%. The broader markets relatively outperformed as Nifty midcap and small-cap rose 3.2% and 2.5% respectively. Sectorally, all major indices ended in green led…
Indian benchmark indices were trading in the red following negative global market cues. The BSE Sensex lost over 220 points or 0.35% to trade at 62,604.72. The NSE Nifty is trading at 18,639, down 0.33%. Sectorally, Nifty PSU Bank index is up 2.34% intraday, with constituents Punjab & Sind Bank…
Wall Street equities closed sharply higher on Wednesday while U.S. Treasury yields declined and the dollar sank after Federal Reserve Chair Jerome Powell said the central bank could slow the pace of interest rate hikes “as soon as December,” even as he cautioned that inflation was still too high. While…
The Indian Rupee is likely to appreciate further amid rise in risk appetite in the global markets and FII inflows. Furthermore, dollar is showing weakness after Fed Chair Powell signalled that central bank will reduce the pace of rate hikes and is on track to increase interest rates by 50…
Morgan Stanley has upgraded China to overweight from equal-weight, given the relaxation in Covid restrictions, stabilisation in property markets, the regulatory reset wrapping-up as well as early signs of the US and China intensifying bilateral communications at both the state and business levels. Indian equities have been a beneficiary of…
Benchmark indices extended gains to end higher for the third straight session on monthly F&O expiry. BSE Sensex surged 800 pts to hit a fresh record high of 62412 before paring gains to end below the 62300 level. The NSE Nifty 50 index topped the 18500 level intraday before closing…
By Shrikant Chouhan The benchmark indices BSE Sensex and Nifty 50 witnessed a robust rally. On Tuesday, despite tepid cues, the Nifty/Sensex held the 17640/59350 support level, and in the late afternoon, it finally cleared the intraday resistance of 17725/59630. After the intraday breakout, the Nifty/Sensex rallied over 100/400 points.…
Indian benchmark indices were trading in the green following the RBI MPC meet outcome and the repo rate hike of 35 bps. The BSE Sensex gained over 60 points to trade at 62,474. The NSE Nifty is trading at 18,617, up 0.3%. Sectorally, Nifty PSU Bank index is up 2.09%…