Friday, July 12, 2024
Home News Stock Market LIVE: Indices expect steady start; SGX Nifty is in green

Stock Market LIVE: Indices expect steady start; SGX Nifty is in green


After weeks of turmoil punctuated by the collapse of a tech-focused Silicon Valley bank as well as additional bank failures and bailouts, the first civilian deal provided some respite. However, the global economy continues to be impacted by high interest rates, which are also contributing to extremely high inflation. March 28, 2023, 07:20:51 IST

Adani Green Energy enters Phase II of long-term ASM framework from today

NSE and BSE will move Adani Green Energy, the energy generation arm of Adani Enterprises, under Phase II of the long-term ASM framework on Tuesday after moving two Adani businesses to Phase 1.

The exchanges announced in two separate circulars that Adani Green Energy would remain within the ASM framework but would transition to the appropriate higher levels on March 28.

The two exchanges moved Adani Total Gas and Adani Transmission from Phase II of the Long-Term ASM Framework to Stage-I on Friday.

28 March 2023, 7:18:42 IST

Insurers increasingly dominate India’s $1 trillion bond market

The $1 trillion sovereign bond market in India is undergoing significant change as a result of the country’s rising wealth.

Through life insurers, provident funds, and pension funds, their savings are transforming into long-term debt, resulting in a structural shift in the government of Prime Minister Narendra Modi’s borrowing costs.

According to HDFC Life Insurance Ltd., market participants are asking the central bank to sell more long-term bonds as insurance companies and pension funds broke 10- to 40-year debt. are requesting. As a result of his expanding influence, the state will eventually become less dependent on banks and businesspeople will have fewer concerns about how Modi’s infrastructure-building spree will be funded. Continue reading) March 28, 2023, at 07:16:49 IST

Wall Street equities edge higher on Monday, Treasury yields rise as bank concerns ease

Investors’ concerns about the financial system eased on Monday as First Citizens Bankshare announced that it would take over the deposits and loans of the failed Silicon Valley bank. As a result, Wall Street stocks rose and US Treasury yields increased.

After weeks of turmoil punctuated by the demise of a tech-focused Silicon Valley bank and additional bank failures and bailouts, the deal provided some respite. In addition, Bloomberg News reported on Saturday that officials in the United States are thinking about expanding an emergency credit facility that would give banks more support and lessen the risk of spreading the crisis.

After an auction, the 2-year Treasury yield reached a one-session high as investors gained hope that banking sector stress could be managed.

After closing down more than 22% for the month so far on Friday, the S&P 500 Bank Index was up more than 3% on Monday. After leading the industry in losses as investors fled as the cost of insuring the bank’s loans against default rose, Deutsche Bank shares in Europe rose 6% on Friday.

Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, stated that “the main driver of sentiment today has been banking news over the weekend.”

James said Monday was a “sigh of relief” for the banking sector, which “has had a huge lump around its neck for the last three weeks,” citing the First Citizens deal and the possibility of an extension of emergency US lending. Reuters) Get 14 days of free, unlimited access to Mint Premium by downloading the app.


Markets end FY23 in style; Sensex Nifty rally nearly 2% on firm global trends

Market, The final day of the fiscal year 2022-23 saw gains for benchmark indices, with a gain of nearly 2% on Friday, extending gains for...

Day trading guide for today: 6 stocks to buy or sell on Friday — 31st March

Trading, Day trading guide for today: Indian shares gained on Wednesday as global markets' increased risk appetite was aided by easing in the banking industry....

Financial, IT stocks aid Indian shares snap three-month losing streak

Financial, By Bharat Rajeshwaran BENGALURU (Reuters) - Indian shares rose on Friday, supported by a higher weighting of financial stocks and information technology (IT) stocks,...


Please enter your comment!
Please enter your name here


Most Popular

Trading the Inside Bar Pattern on Pocket Option Platform

Inside Bar Pattern Introduction Price movement on a chart is examined in price action trading. You may use candlesticks to predict where prices will move...

“Unlocking the Secrets: 4 Tricks of Successful Traders on Pocket Option Platform”

For a year, I have been trading on the Pocket Option platform. I sometimes succeed and sometimes fail. However, I was confident that if...

Identifying Mistakes That Lead to Losses on Pocket Option

Why do people lose their money when trading binary options New traders frequently take a significant financial risk while trading binary options. As a result,...

Weekly Income Plan on Pocket Option Platform”

Get weekly returns on Pocket Option It turned out that October was a terrific month for me. I am still able to generate money every...

Recent Comments