Domestic benchmark equity indices fell on Monday, weighed down by losses in heavyweight financials and IT stocks ahead of the US Federal Reserve’s interest rate decision this week. However, as per data available on StockEdge, several largecap stocks from Nifty200 index outperformed the benchmark Nifty50 on a 1-week and 3-month basis as of December 13. … Read more
Mumbai: The sovereign debt market will see foreign flows worth $2-3 billion per month once domestic bonds are included in a JP Morgan index this week, with the pace likely to accelerate once the US starts cutting rates, Standard Chartered Bank‘s India head of financial markets said. “We have a different profile spread across clients. … Read more
Borrowing from a Federal Reserve emergency lending program rose to a fresh record, just before the central bank raised the facility’s interest rate to stop financial institutions from taking advantage and arbitraging on its attractive terms. Demand for the Bank Term Funding Program rose approximately $6.3 billion in the week through Wednesday, Jan. 24 to … Read more
US Federal Reserve chairman Jerome Powell on Thursday rattled financial markets worldwide by saying that the central bank was not yet confident that interest rates were at a sufficiently restrictive level to bring inflation to its 2% target. The statement, which leaves the door open for more Fed rate hikes, yanked five-year US bond yields … Read more
The market capitalisation of BSE-listed firms reached an all-time high of Rs 315 lakh crore on Monday, helped by strong investor sentiments amid encouraging domestic macroeconomic data and a firm trend in global stocks. The BSE benchmark Sensex climbed 240.98 points, or 0.37 per cent, to settle at 65,628.14. During the day, it rallied 296.75 … Read more
The US bond market was hit by a fresh round of selling after Federal Reserve Chair Jerome Powell said the central bank remains prepared to push interest rates higher if needed to keep reining in inflation.While Treasuries were little changed during Powell’s long-awaited speech in Jackson Hole, Wyoming, yields pushed up after it concluded as … Read more
The 0.25 per cent hike in interest rates by the US Fed was on expected lines, analysts said on Thursday, expecting its Indian counterpart to take a balanced view in its policy formation going forward. Naveen Kulkarni, chief investment officer of Axis Securities PMS, said the action in the US was on expected lines and … Read more
The European Central Bank raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation, even as worries about recession fuel speculation that Thursday’s hike could be its last. ECB President Christine Lagarde had all but promised the quarter-percentage point increase. That puts the focus at her post-meeting … Read more
As headline indices Sensex and Nifty scaled new all-time peaks, foreign institutional investors or FIIs invested about $2.7 billion on Indian stocks in just 5 trading days of this week. The fresh round of inflow comes in even as 93% of Wall Street traders are presuming that the US Fed will hike interest rates by … Read more
Amid improvement in macroeconomic fundamentals, June emerged as the best month with strong foreign portfolio investors (FPIs) inflows in the last 10 months. The FPIs pumped in Rs 47,148 crore in Indian equities in June. This would also be the fourth consecutive month where FPIs have continued to end as net buyers in domestic stocks. … Read more