Page 1231 - Markets News

Following commercial wisdom will be game changer for resolving bad loans

Insolvency resolution should efficiently redeploy assets. Bankers must bring commercial acumen to negotiations, not bureaucratic rigidity

As indebtedness rises, microfinance industry has amber lights switched on

MFIs are now the largest providers of micro-credit with loans outstanding of Rs 1,42,245 cr at end-May 2023

Real estate fractional ownership mkt touches Rs 4,000 cr, to grow at 25-30%

The fractional ownership market, which is the total asset under management (AUM) by all these platforms, in India jumped from Rs 1,500 crore in 2019 to Rs 4,000 crore in 2023

M-cap of 8 of 10 firms lose Rs 2.28 trn; HDFC, Reliance biggest laggards

Last week, the BSE benchmark fell 1,829.48 points or 2.69 per cent, and the Nifty declined 518.1 points or 2.56 per cent

India to enter JP Morgan's EM bond index; set for $20 billion inflow

To have 10% weight, like China; no tax benefits for bond investors

Despite JP Morgan move, analysts remain watchful of bank stocks; here's why

The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024

Sensex posts steepest weekly fall in 15 months, ends 221 points lower

30-share index loses 2.7% in 4 days, barely holds 66K

A first since 2007: Sensex's yield gap with 10-yr US bond turns negative

The Sensex had an earnings yield of 4.11 per cent on Friday against 4.47 per cent yield on 10-year US government bonds

Nomura India buys Cholamandalam Financial shares worth Rs 166-crore

According to the bulk deal data available with BSE, Nomura India Investment Fund Mother Fund purchased 14,51,000 shares of Cholamandalam Financial Holdings

Bonds settle lower after initial euphoria on JPMorgan's index inclusion

The yield on the benchmark 10-year bond settled at 7.19 per cent, against 7.16 per cent on Thursday

Sai Silks Rs 1,201-crore IPO subscribed 4.40 times on last day of bidding

The Rs 1,201 crore-initial share sale received bids for 16,94,58,544 shares against 3,84,86,309 shares on offer, according to data available with the NSE

BSE to discontinue stop loss market orders from Oct 9 to check freak trades

This came after a recent freak trade incident caused a lot of angst among the trading community earlier this month due to an SL-M order

Analysts see $25 bn inflow on Indian G-Secs' inclusion into JP Morgan index

JP Morgan, announcing the inclusion earlier in the day, said India will have a maximum weight of 10 per cent in the index eventually and around 8.7 per cent in the emerging market global index

Sensex falls for 4th day, drops 221pts; Nifty nears 19,650; PSBs defy trend

Closing Bell on Friday, September 22: The Nifty PSU Bank jumped the most, rising 3.5 per cent

Hudco hits over 5-yr high; stock zooms 95% since April on positive outlook

The future outlook in terms of Government's sectoral focus and related developments have positive implications for Hudco's medium-term and long-term strategies

Bond flows may hit $50 bn if other indexes follow: ICICI bank official

Earlier in the day, JPMorgan said it would include India in its global emerging market bond indices over 10 months starting June 2024, triggering close to $24 billion in flows.

India's inclusion in EM bond index can spark higher FX volatility: Bankers

The inclusion is expected to spur staggered inflows of $22-$30 billion, analysts estimate

JP Morgan boost: PNB Gilts zooms 20%, hits 52-week high on heavy volumes

A combined 27.85 million shares, representing nearly 60 per cent of free-float equity of PNB Gilts, have so far changed hands on the NSE and BSE

What would India's inclusion in JPMorgan's bond index mean for its markets?

Currently, 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are index eligible, JPMorgan said

Bajaj Healthcare zooms 53% in four weeks on healthy FY24 guidance

EBITDA margins would be in the range of 16 -20 per cent for the FY24, mainly driven by growth in the formulation biz and with the introduction of reverse engineering APIs launched in the last fiscal.