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Good Morning! The Gift Nifty was trading around 23,214 level, a discount of nearly 58.30 points from the Nifty futures’ previous close indicating negative open for the benchmark Nifty 50. The NSE Nifty 50 and BSE Sensex rose 0.43% and 0.45% respectively. US index futures are trading lower while European index futures are trading higher…
The US Federal Reserve’s two-day policy ended with a 25 basis point hike on Wednesday, which would mark its first rate increase since July 2023. The central bank’s decision to raise benchmark lending rates by 25 basis points came as no surprise to equity investors. The move was heavily priced into the market and aligned perfectly…
US stocks fell on Tuesday after the benchmark Treasury yield touched the highest level since 2007 ahead of a Federal Reserve interest-rate decision on Wednesday, when traders expect an increase. The S&P 500 Index closed 0.4% lower and the Nasdaq 100 Index dropped 0.6%. The US 10-year yield rose four basis points to 5.03%, a…
The free UPI window has been narrowed, with the government introducing a flat levy of Rs 5 on select transactions worth over Rs 2,000. For large merchant payments above Rs 2,000, a levy of 0.4% will be imposed. This fee, however, will be capped at Rs 300, the National Payments Corporation of India (NCPI) said…
Canara Bank has received permission from the Reserve Bank of India (RBI) to exercise the call option on its Basel III Additional Tier 1 (AT1) bonds worth Rs 1,500 crore. The state-run lender said the RBI, through a letter has granted approval for exercising the call option on the Basel III AT1 bonds bearing ISIN…
Stock Market Highlights: The Indian stock market erased early gains to trade flat on Tuesday, following mixed cues from global markets, as investor sentiment remain cautious over the rising crude oil prices and risks of interest rate hike by the US Federal Reserve. The benchmark indices, Sensex and Nifty 50 traded flat after opening on…
Shares of HDFC Bank, Indiabulls and Raymond Realty will be in focus on Tuesday. In addition, Pranav Construction will get listed on the indices. Here are the notable corporate announcements that came after Monday’s market hours: Stocks in News Gabriel India: To allot shares worth Rs 1,881 Cr to promoter Asia Investments. WeWork India: E-files application…
HDFC Bank has sent the names of Anup Bagchi, MD & CEO of ICICI Prudential Life Insurance, and Kaizad Bharucha, Deputy MD of HDFC Bank, to the Reserve Bank of India for approval for the lender’s top job, people familiar with the matter said. The RBI is expected to take a call on the appointment…
The National Company Law Tribunal (NCLT) has dismissed the plea of grounded air carrier Jet Airways’ liquidator seeking a refund of Rs 500 crore from global aerospace manufacturer Boeing, observing that the matter involves a contractual dispute. A two-member Mumbai bench of NCLT said there was a contractual dispute over the pre-delivery/advance payments, requiring detailed…
Central banks from much of the Group of Seven face a pivotal week as mounting inflation risks heap pressure on them to raise interest rates. Three decisions, starting with the Federal Reserve on Wednesday and followed on successive days by peers in the UK and Japan, may recast the global monetary policy landscape for the…