Recently, the Reserve Bank of India (RBI) increased the risk weights by 25 percentage points to 125 percent for consumer credit exposure, especially for personal loans. As a result, banks must now maintain larger capital reserves, which raises the cost of capital for these loans. This adjustment affects both new and existing loans. Consequently, while…
On November 24, state-owned Canara Bank is allegedly going to issue bonds valued at ₹5,000 crore. According to analysts in the market, these bonds which fall under the category of infrastructure bonds will mature on November 29, 2033, after a duration of ten years. With the option to retain oversubscription amounts up to ₹4,000 crore,…
The prospect of no further rate hikes by the US Federal Reserve is boosting the appeal of gold, which has risen to three-week highs. The yellow metal traded with a positive bias on Thursday, aided by a weak dollar. Taking cues from international prices, MCX December gold futures opened in the green at Rs 61,100…
Invest in or sell stocks today: The Indian stock market saw a strong comeback on Wednesday, closing higher for the second straight session thanks to gains in auto and IT stocks. The BSE Sensex gained 92 points and finished at 62,023 while the Nifty 50 index gained 28 points and closed at 19,811 levels. The…
Bharti Airtel Ltd. has started the first steps of its subsidiary Bharti Hexacom’s initial public offering (IPO), as individuals familiar with the situation informed CNBC-TV18. For the Bharti Group, if the IPO process goes through, it would be a huge milestone since it would be its first public offering in more than ten years. In…
Technical Analysis: Following disappointing US data, the USDCHF pair breached the low, but the strength of the bearish momentum is now diminishing. What can be expected in the next moves? USD CHF Technical Analysis of USDCHF – Daily Timeframe As the US Dollar was recently impacted by the dismal US statistics, we can observe on…
Stocks: GIFT The Nifty on the NSE IX closed 27.5 points, or 0.14 percent, higher at 19,857.5, indicating that Dalal Street got off to a good start on Wednesday. Here’s a list of stocks that will be in the spotlight today for various reasons. Titan Company Titan’s acquisition of an additional 27.18% share in CaratLane…
Forex dealers reported that despite widespread dollar weakness against its major crosses due to possible importer-related buying, the rupee hit new record lows on Monday. In early trade on Tuesday, the rupee bounced back from its record lows and gained 6 paise to 83.32 against the US dollar, tracking the US dollar’s depreciation in foreign…
The government has frequently tightened export controls to stop domestic price increases. The top exporter of rice in the world, India, is anticipated to keep imposing restrictions on exports well into next year. This is likely to keep the price of the staple grain near the highest levels since the 2008 food crisis. Over the…
Today’s day trading guide: On Monday, the Indian stock market continued to trade erratically. The BSE Sensex dropped 139 points to close at 65,655 while the Nifty 50 index finished 37 points lower at 19,694 points. The Nifty Bank index ended slightly higher at 43,584 points. Monday’s overall market saw a 0.37 percent gain in…
