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🇮🇳67d ago
Sensex drops 2,000 points in 6 minutes on CAS monthly expiry debut
India's Sensex experienced a sharp 2,000-point decline over six minutes during Thursday's closing session, coinciding with the first monthly derivatives expiry under the new Closing Auction Session mechanism. The volatile swing, attributed to thin liquidity during the auction window, has prompted renewed regulatory examination of the CAS framework.
🇮🇳67d ago
Late Market Reactions Amplify Swings, Jones Warns
Alfred Winslow Jones cautioned that investors entering and exiting markets only after widely followed averages turn can exaggerate price movements and result in poorly timed decisions. His observation underscores the dangers of trend-chasing and crowd behavior in financial markets.
🇮🇳67d ago
Indian Markets Close Lower; Adani Enterprises, Kotak Gain as HDFC Bank Slides
Indian equity benchmarks declined on Thursday, with the Sensex falling 539 points and the Nifty dropping 117 points as selling accelerated toward the close. Adani Enterprises and Kotak Mahindra Bank led gainers, while Hindalco, HDFC Bank, and Mahindra & Mahindra recorded significant losses.
🇮🇳67d ago
Vedanta plans third rupee bond this year to refinance debt
Vedanta, the mining and metals conglomerate controlled by billionaire Agarwal, plans to raise at least Rs 1,000 crore through rupee bonds with three to seven-year maturities, marking its third domestic bond issuance in 2024 and primarily targeting debt refinancing. The move reflects Indian companies' increased reliance on bond markets as they prepare for potential interest-rate increases later in the year.
🇮🇳67d ago
Markets Push Back BoE Rate Hike Expectations to February 2027
Bond market movements have prompted investors to defer expectations for Bank of England rate increases, with a modest quarter-point hike now anticipated only by February 2027 rather than sooner. The shift reflects falling yields and uncertainty around the central bank's stance amid persistent inflation and a weakening labor market.
🇮🇳67d ago
Rupee reverses gains as importer demand, month-end pressures weigh
The Indian rupee declined on Thursday after reversing early intraday gains, pressured by rising importer dollar demand and month-end factors. A recovery in the dollar index and elevated swap costs from banks absorbing holiday-period inflows further capped the rupee's upside.
🇮🇳67d ago
India Inc revenue growth set to moderate to 13-15% in Q2 FY27
India Inc's revenue growth is projected to decelerate to 13-15% in the second quarter of FY27, down from 21.3% in Q1, according to ICRA's assessment. The moderation stems from rising input costs pressuring margins, while domestic consumption provides support offset by weak global demand affecting exporters.
🇮🇳67d ago
Sensex Drops 539 Points in First Monthly Expiry Under New Closing Auction System
Indian equities declined sharply on Thursday during the first monthly expiry under the new closing auction session, with the Sensex falling 539 points and Nifty slipping below 24,100. The selloff reflected initial volatility adjustment to the modified market structure, though select banking and tech stocks provided support.
🇮🇳67d ago
13 Midcap Stocks Post 25% Profit Growth for Two Straight Quarters
Thirteen BSE midcap stocks have delivered year-on-year profit growth exceeding 25% for two consecutive quarters while their shares surged between 40% and 118% over the past year, according to reports. The performance indicates robust earnings momentum and sustained investor confidence in India's midcap segment.
🇮🇳67d ago
Aragen Life Sciences files IPO papers with Sebi for Rs 800 crore
Aragen Life Sciences has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to launch an initial public offering comprising a Rs 800 crore fresh issue and an offer for sale (OFS). The company plans to deploy IPO proceeds toward debt repayment, capacity expansion, and equipment purchases.
🇮🇳67d ago
European Shares Flat as Nvidia Strength Offsets Consumer, Auto Losses
European equities remained largely unchanged as technology stocks benefited from Nvidia's positive revenue guidance, while consumer goods, chemicals, and automobile sectors declined. Investors monitored Middle East geopolitical developments and falling oil prices amid hopes for progress in Iran and Qatar-related talks.
🇮🇳67d ago
HDFC Bank shares hit 52-week low amid US securities fraud lawsuit
HDFC Bank shares fell 2% to a fresh 52-week low after a US investor filed a securities fraud class-action lawsuit against the bank and two senior executives. The bank dismissed the allegations as meritless and committed to vigorous defense, though the stock has declined 30% over the past 10 months.
🇮🇳67d ago
Japanese bond yields retreat after BOJ deputy signals unclear rate-hike timing
Japanese government bond yields pulled back from multi-decade highs after BOJ Deputy Governor Ryozo Himino refrained from providing a clear timeline for the next rate increase. The retreat reflects investor uncertainty about the Bank of Japan's monetary policy trajectory, with markets now focused on Governor Kazuo Ueda's forthcoming remarks for direction.
🇮🇳67d ago
Bitcoin consolidates at $79,000 amid profit-taking and caution
Bitcoin held near $79,000 on Thursday as profit-taking and market consolidation tempered trader enthusiasm following recent gains. Analysts identified $77,500-$78,000 as support and $80,000-$82,850 as resistance, while market participants monitor Jackson Hole commentary and US inflation data.
🇮🇳67d ago
Six Months of Conflict: How Iran War Reshaped Global Markets
Six months of conflict in the region have triggered sharp energy price increases and bolstered artificial intelligence stocks, even as traditional safe-haven assets like Treasuries and gold have lost their typical appeal. Gulf economies and agricultural supply chains face significant disruptions that could fuel inflationary pressures across global markets.
🇮🇳67d ago
Goldman Sachs: Britannia faces biggest cost hit as sugar prices surge
Goldman Sachs has identified Britannia Industries as the most exposed to rising sugar prices among companies it covers, with Nestle India and Varun Beverages also facing potential pressure. The surge in sugar costs, driven by tight global supplies, festive demand, and adverse weather conditions, poses significant input cost risks for consumer-facing companies.
🇮🇳67d ago
SEBI approves IPO for A91 Partners-backed Pushp Brand
Pushp Brand, a packaged spices company backed by venture capital firms A91 Partners and Sixth Sense, has received SEBI approval to launch an IPO comprising an offer for sale of up to 74.45 lakh shares. The Indore-based company operates across 24 states and union territories and has demonstrated strong revenue, EBITDA, and profit growth with improving margins.
🇮🇳67d ago
Systematix initiates Timex Group India coverage with Buy rating
Brokerage firm Systematix has initiated coverage on Timex Group India with a Buy rating and a target price of Rs 820, representing approximately 30% upside potential. The firm projects strong growth through FY29 driven by premiumisation, margin expansion, and robust cash generation.
🇮🇳67d ago
Bessent and Warsh diverge on US rates strategy amid Treasury pressures
Treasury Secretary Scott Bessent and Federal Reserve Chair Kevin Warsh are pursuing conflicting approaches to managing US interest rates and the Treasury market, with Bessent advocating for enhanced debt-management tools while Warsh prefers traditional monetary policy with minimal intervention. The disagreement emerges as persistent fiscal deficits continue to exert upward pressure on Treasury yields.
🇮🇳67d ago
Fed Chair Warsh to Address Jackson Hole as Investors Seek Rate Clarity
Federal Reserve Chair Kevin Warsh is set to deliver his first Jackson Hole speech, with investors looking for signals on the Fed's future rate path amid persistent inflation concerns and rising Treasury yields. The speech is expected to provide guidance on the central bank's inflation targets and how bond market dynamics factor into its policy decisions.