The hopes are high that it would give the stock market a much-needed leg up.
The transaction is expected to be completed by November 15, 2019.
On Wednesday, the US Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July's quarter-point rate cut.But given what has transpired in bond and stock markets since that meeting, the more relevant headlines should spring from the Fed's annual Jackson Hole Symposium later in the week, with Chairman Jerome Powell to address the forum on Friday.Now that the long-awaited inversion of the two-year/10-year yield curve has actually happened, there is some question whether the Fed will lean harder on the easing side to re-steepen the curve and quash recessionary interpretations.The Fed looks boxed in. Wall Street has had a torrid few days, having lost more than 4 per cent this month. All Treasury maturities now yield less than 2 per cent for the first time ever.Then add in President Donald Trump's tweets about "clueless" Powell and the "crazy" inverted yield curve even as Washington's trade wars dent business confidence.
Analysts opined that investors are awaiting a stimulus package and relief for FPIs.
The market is set to see a stable opening and may remain range-bound in initial trade.
The RBI on August 16 directed all scheduled commercial banks to promote the GMS.
Participants are also awaiting measures from the government to boost sentiment.
"Wealth creation is absolutely essential. Those who create wealth are India's wealth."
Since the August 12 AGM, Ambani’s wealth has gone up by $4 billion (Rs 28,684 crore).
The July selloff has lowered Sensex’s year-to-date gains to a mere 2.5 per cent.
Modi should now focus on delivering welfare programs in the state to win people’s confidence.
FIIs have been flip-flopping and will return once growth becomes visible.
More than the problem in the economy, there is a lot of negativity.
The gap between two- and 10-year yields dropped below zero on both sides of the Atlantic.
Credit profiles of the nation’s companies worsened to a 19-month low in July.
Nifty earnings will largely be driven by banks results, says Sundaram MF's MD & CEO
During the holiday-curtailed week, the BSE Sensex lost 231.58 points.
However, FPIs invested a net Rs 2,096.38 crore in the debt securities during the period.
“We have nothing to fear about a recession right now except for the fear of recession”.
The RBI will release the minutes of its August monetary policy review on August 21.
Manufacturing accounts for over 16 per cent of the Indian economy and employs 13 per cent.
Will Gautam Singhania’s strategy to let professionals run Raymond ring-fence the company from business shocks and family scuffles?
The order involves provisional attachment of the property of the wire ropes business for 180 days.
Faber said investors would make more money in EMs than in the US over next few years.
The Bloomberg Galaxy Crypto Index has slumped about 12 per cent, only the worst drop in four weeks.
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