BUSINESS
US banks could link with India’s UPI to expand fast payments: Fed's Waller
The US may link some of its private banks to India’s Unified Payments Interface (UPI) to develop a fast payments network, said Federal Reserve Governor Christopher Waller. He noted that connecting with UPI could help address the US's current lack of sufficient bank connections.
BUSINESS
Fed Chair Jerome Powell signals interest rate cut at Jackson Hole: 'Time has come', inflation risk has shifted
The US Fed Chair Jerome Powell, at the Jackson Hole address, hinted at possible interest rate cuts, shifting focus from inflation to the labour market, as risks to employment rise.
BUSINESS
Sebi-Hindenburg controversy: A timeline of allegations, the Buchs’ defence and market reaction
Sebi chair Madhabi Puri Buch said she made all required disclosures, and no conflict of interest exists.
BUSINESS
MSCI lifts restrictions on Adani Group stocks in August 2024 index review
MSCI has lifted restrictions on the treatment of Adani Group stocks, resuming updates to their free float status and other metrics in its August 2024 Index Review. The changes also include reduced weightage for Adani Enterprises and Ambuja Cements in the Standard Index.
BUSINESS
Hindenburg alleges SEBI chair Madhabi Buch’s consulting firm earned many times more money than her salary
Hindenburg Research alleged that SEBI chairperson Madhabi Puri Buch has a 99% ownership in an Indian consulting firm, which earned nearly Rs 2 crore; it also said that she had a 100% ownership in a Singapore consulting firm before transferring the ownership to her husband.
BUSINESS
Analyst Tracker: Markets losing steam after July rally, moderate Q1 earnings; investors cautious on valuation
Market experts are cautious on market valuations, and that shows in Moneycontrol’s Analysts’ Call Tracker for July. The banking sector, which earlier dominated the optimism list, has lost some grip. IT sector has seen some improvement, but still faces significant pessimism.
BUSINESS
Explained: If Iran-Israel conflict escalates, what happens to India's stocks, oil and gold
Crude oil prices have been in a downturn, but a flare up of Iran-Israel conflict may stem the fall. If Iran escalates the tensions, it could impact countries dependent on oil imports, such an India and China.
BUSINESS
FM Sitharaman cracks down on F&O trading in Budget 2024, raises STT; also tightens capital gains tax regime
Stocks plunged as Finance Minister Nirmala Sitharaman raised taxes on equity and derivatives trading. She also increased short-term capital gains and long-term capital gains taxes.
BUSINESS
Speculative trading has no place in a developing country like India: Economic Survey
Economic Survey 2024 noted that any potential fall in stock markets could make investors feel "cheated” and deter them from returning to capital markets for a long time.
BUSINESS
NSE trims list of securities eligible as collateral by over 1,000, making F&O trading harder
NSE will eliminate more than 1,000 securities acceptable as collateral, leaving only about 730 counters for F&O and intraday traders to pledge for margin trading facility.
BUSINESS
Samir Arora’s Budget not-to-do list: Don't tinker with capital gains tax, don't take investors for granted
Economic reforms alone may not always translate into market-friendly practices, says Samir Arora, calling for not making abrupt changes to the long term capital gains tax regime.
BUSINESS
Analyst Tracker: Banks take markets to new highs in June, all eyes on earnings for valuation comfort
Markets have been on a tearaway rally, with both benchmark and broader indices making a series of fresh highs. Upcoming Q1 earnings will show if the valuations hold. Moneycontrol Analysts' Call Tracker for June shows what analysts think of stocks across various sectors.
BUSINESS
How stock markets performed under various coalition governments
An analysis of performance of stock markets over different coalitions puts UPA 1 and UPA II on top of the chart.
BUSINESS
IT stocks earnings upgrades fail to turn analysts’ pessimism on the sector into optimism
Despite mixed Q4 results, IT stocks gained favourable outlooks due to strong future prospects, whereas auto stocks experience downgrades amid concerns over future performance.
BUSINESS
Markets shrug off election results shock, embrace NDA coalition; now eye policy continuity for upside
As markets absorbed the news of the NDA coalition winning the majority, the initial fears of instability gave way to optimism. Markets have sharply rebounded, realising that the NDA coalition government could still be stable.
BUSINESS
FII sell-off, heightened volatility set bearish tone for market post election results
FIIs' long-short ratio for index futures slumped to 12.75 percent on June 4. This sell-off, coupled with heightened market volatility, has set a bearish tone for the market post the general election results.
BUSINESS
What next for Nifty after hammering on election results? Experts advise a shift in portfolio
After the massive fall on Tuesday, experts do not anticipate any further major crash in Nifty, unless major support levels are breached
BUSINESS
FIIs ramp up F&O short positions ahead of election results; may need quick covering post exit polls
This move follows an unprecedented addition of net index shorts by FIIs earlier on May 30, marking the highest ever net index shorts in a single session in market history.
BUSINESS
Street split between short covering and long buildup; cautious optimism ahead of June 4
Shorts are still holding on to positions in names like RIL and TCS, said experts, which is dragging the index lower.
BUSINESS
Investors turn bullish with caution amid growing optimism of BJP winning election; here’s what F&O data show
The market bias has turned bullish for the short term, with the NSE Nifty 50 index witnessing heavy short covering in the futures space, followed by long additions.
BUSINESS
Option Strategy of the Day | Positive bias in HDFC Bank stock, use Bull Call Spread
The Bull Call Spread strategy allows traders to benefit from a rise in HDFC Bank's stock price while limiting the maximum loss
BUSINESS
Analyst Call Tracker April 2024: Optimism eludes IT stocks despite upgrades, auto stocks see rating cuts
Banking and finance stocks continued to dominate the list of stocks with maximum optimism in Moneycontrol's Analyst Call Tracker.
BUSINESS
How Jim Simons pioneered quant investing to outperform Warren Buffett, George Soros
Jim Simons retired as CEO of Renaissance Technologies in 2010, though he continued to play a significant role as chairman until 2021.
BUSINESS
Powell’s dovish policy may provide relief to markets, again spark hope of early rate cut instead of hike
Powell’s comments seem to have allayed to some extent fears that the interest rate cut would be pushed away to November -- traders are now eyeing a rate cut as early as September.
