The global market fell on Wednesday after a collapse in government bond markets due to rising yields. Concerns about rising interest rates sent benchmark US treasury yields to new 16-year highs. MSCI’s global stock index fell 0.20%. – Global market Global investors are concerned that rising interest rates may hamper global economic growth. US stocks…
TECHNICAL ANALYSIS: With USD/CAD up approximately 1.8 percent thus far, the Canadian Dollar is approaching its worst 2-week stretch against the US Dollar since mid-February. In response, retail traders have increased their downside exposure, as can be observed by looking at IG Client Sentiment (IGCS). This last one frequently serves as a contrarian indicator. Will…
Stocks To Watch: Everything You Should Know Before Trading On October 5 Bandhan Bank According to the lender, CASA was Rs 43,161 crore, up 6.5% from the previous year. Total deposits increased by 12.8% to Rs 1,12,074 crore, while loans and advances increased by 12.3% to Rs 1,07,633 crore. – Stocks To Watch Hero Moto…
In the midst of the banking sector sell-off, investors may be keeping an eye on American Express AXP, Visa V, and Mastercard MA to see if better opportunities to purchase stock in these leaders in credit cards and transaction services arise. With today’s significant decline in bank stock prices and the XLF Financial Select Sector…
Since Sashidhar Jagdishan succeeded Aditya Puri as managing director and chief executive officer in October 2020, HDFC Bank has undergone two reorganizations. Following HDFC Ltd.’s acquisition of HDFC Bank, the shares of that institution have dropped by more than 9% in the last three weeks. As the bank restructures its senior management following a merger…
Forex traders said the currency was under pressure due to subdued domestic macroeconomic data and ongoing FII withdrawals. The rupee fell 15 paise to settle at 83.21 (provisional) versus the US dollar on Tuesday, as a strong US currency and poor local stocks dampened investor optimism. Forex traders said the currency was under pressure due…
Oil climbed in early Asian trade on Wednesday, boosted by tightening global oil supplies ahead of an OPEC+ ministerial meeting. Brent crude oil futures were up 6 cents to $90.98 per barrel at 0004 GMT, while WTI crude in the United States was up 11 cents to $89.34 per barrel. When the Organization of the…
Today’s Stock Markets: On September 29, according to preliminary statistics from the National Stock Exchange (NSE), foreign institutional investors (FII) sold shares worth Rs 1,685.70 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,751.49 crore. The benchmark Sensex and Nifty indices are expected to start slightly higher on October 3 as trends in…
In early trade on Tuesday, the rupee fell 17 paise to 83.23 against the US dollar, as a strong currency and persistent foreign money outflows impacted on market morale. Investor morale was further dampened, according to forex dealers, by a negative trend in local shares. At the interbank foreign exchange, the domestic unit started at…
Maruti Suzuki, Tata Motors, M&M, and Hero MotoCorp: According to Nomura India, the Shraddha period, which is seen as unlucky, spans between September 29 and October 14. As a result, September retail sales were much higher year over year. According to September’s car sales data, the two-wheeler and tractor segments performed poorly while the passenger…
