Mumbai: Adani Group stocks extended their rally to a second day on Wednesday as investors were encouraged by the conglomerate’s move to repay borrowings early and free up share pledges besides giving assurances about cutting debt further. Six of the 10 Adani stocks gained between 5% and 20% on Wednesday, helping the group regain ₹49,000 … Read more
Mumbai: A number of global special situation funds – high-yield and distressed-debt specialists – bought large amounts of foreign currency bonds of Adani Group firms in the days following the January 24 Hindenburg report, three people directly aware of the matter said. These funds now collectively own Adani bonds worth close to $1 billion, they … Read more
“A lot of large institutional investors are long-term strategic infra, intergenerational investors. They see the wealth creation in a utility platform over a generational period because all of our entities — public companies, nine we have now, are primarily into the core infrastructure that is required in India. Those entities and their business have not … Read more
“Rise in volatility is a sign of topping. But, despite the rise in volatility this week, Friday’s closing of VIX was still below 19, a level which I think could give something for everyone – jobbing opportunities for the traders, as well as dips for investors to accumulate,” says Anand James, Chief Market Strategist at … Read more
New Delhi: The domestic equity market continued to remain in flavour on the back of favourable global cues, which lifted the indices higher. Sensex hit 57,500 mark during the week, with Nifty50 settling over the 17,150 level. Both benchmark indices rallied close to 3 per cent during the week and this was their best weekly … Read more
The debt of Jaguar-owner and mining giant Resources Ltd. suffered their biggest drop on record last week, among a handful of Indian companies whose bonds plummeted as the rupee sank to a record low. In addition to those two dollar notes maturing in 2024, Energy’s foreign currency bond tumbled the most since March while GMR … Read more