Profit-booking in financials likely to continue
We are seeing profit-booking before the Budget and expiry, says Rahul Shah
Index, index on the Street, who’s the fairest of them all?
From industrials to fin services: Only five cos from the original list are part of...
Weak reform implementation, financial sector woes could lower India's medium-term growth: Fitch
"If implemented effectively, we believe these...
'How much froth there is in euphoric financial markets an open question', says K M Birla
He also presented a contrarian view to the notion that work from home will be the 'mega trend' of the decade saying office is not just a place where people come to work but is a melting pot-of people, ideas, and conversations.
'How much froth there is in euphoric financial markets an open question': K M Birla
Terming volatility as a 'froth', Birla said it along with uncertainty have been an underlying phenomenon for almost two decades now and financial variables have become even more volatile in these unusual times.
Takeaways: RBI governor Das’ warning to financial markets, view on fiscal spending
The governor warned financial markets that they must be prepared for any halt in global inflows if risk aversion in external sector picks up.
Financials drag Sensex 100 points after RBI warning on NPAs
At 9.59 am, BSE flagship Sensex was down 106 points or 0.22 per cent to 49,163. NSE benchmark Nifty followed and slid 11 points or 0.08 per cent to 14,473.
Disconnect between financial markets & real economy poses risk to financial sector
To be sure this is not the first time the RBI has flagged this off as a risk. In August last year Das had hinted that there could be an imminent correction in the buoyant stock markets.
NSE launches derivatives on Nifty Financial Services Index
The index consists of 20 stocks and is designed to reflect the behaviour and performance of the Indian financial market, which includes banks, financial institutions, housing finance, insurance companies and other financial services companies.
China stocks extend gains, blue-chip index ends at 13-year high
At the close, the Shanghai Composite index was up 0.71% at 3,576.20. The blue-chip CSI300 index was up 1.77% at 5,513.66, the strongest close since January 2008.
Recovery taking shape, FPIs continue to buy financials
While inflows in November were partly because of the implementation of increased float factors in MSCI India, inflows in December were aided by FTSE’s implementation of the second round of float adjustment.
Jefferies says Nifty to hit 15,800 by year-end; bets on realty, financials
The brokerage firm is of the view that the Covid-19 situation in the country is well under control and since the recovery is driven by the private-sector, it is, in turn, more sustainable.
Financial Stability and Development Council takes stock of economy, financial sector
The meeting was called to discuss the state of the financial sector and a revival strategy for the economy that has been hit hard by the coronavirus pandemic. The meeting, attended by Anurag Thakur, minister of state for finance, Shaktikanta Das, Reserve Bank of India governor and KV Subramanian, chief economic adviser of India, was the second such event since the pandemic struck the country.
Half of FPI bets in November concentrated in just one sector
Last month, foreign portfolio investors (FPI) aggressively raised their bets on the financial sector, which is a direct beneficiary of the V-shaped revival underway.
Dalal Street week ahead: Market to remain stock & sector specific; watch Dollar Index
The market stayed much less volatile than expected, which added consensus to the directional move. After staying in a 450-point trading range during the truncated week, the index ended with gains for the fifth week in a row.