The recent downturn in the Nifty 50 has raised concerns amongst market participants. Historically, the Nifty has shown a pattern of retracing to its moving averages before resuming its uptrend. However, we are currently witnessing a more pronounced decline, with the index dropping below its 100-day moving average. This has prompted questions about whether the … Read more
China’s Shanghai Stock Exchange will run tests on its auction and various other platforms on Sunday, the state-run Securities Times reported on Saturday, a day after an unexplained transaction delay. Friday’s delay on trades at the benchmark Shanghai Composite Index coincided with a Chinese stock rally that followed official announcements of a slew of monetary, … Read more
By Upmanyu Trivedi and Rahul Satija A bad bank in India that’s expected to launch this month may help reduce one of the world’s worst bad-loan piles but market participants say it’s a long path ahead. The new institution, which is set to start operations by the end of June, is likely to handle stressed … Read more
“Market participants are tapping risk-less opportunities,” said Asuhtosh Khajuria, executive director at Federal Bank. Synopsis Record rate reductions have caused the tri-party repo rates to fall below the reverse repo – and banks are making money without much sweat. Remember the much-talked-about yen carry trades all those years ago? That’s when funds borrowed big in … Read more