Experts Financial News

funds linked to the JP Morgan emerging market bond index that now features India are actively managed, implying the impact of overseas flows could be felt as early as December when global investors decide fresh allocations for the next calendar year. In recent conversations with market participants, JP Morgan's index managers have said that around 75% of the assets under management (AUM) linked to the bond indices are 'active', and that the total AUM tracking the platforms could be more than $300 billion, sources aware of the matter told ET. «With active funds being 75% of more than the $300 billion-AUM tracking the JP Morgan index, pre-positioning could start from December 2023 to March 2024 itself as long as foreign portfolio investors (FPIs) are registered here.

₹1.5 lakh under section 80C of the Income Tax Act. “We also bought a term plan, started a systemic investment plan (SIP) in mutual funds (MFs) and invested in gold monetization schemes with jewellers. The SIP, though, was started with our bank accounts," she says.

Temasek is in advanced talks with the Tata Group to sell its 20% stake in Tata Play to the Indian conglomerate that owns the largest stake in the direct-to-home (DTH) company, people privy to the development told ET. «There has been a lot of movement in the discussions between the two companies in the past few weeks,» one of the people said. The Singapore government-owned company wants to sell its stake at a valuation of over $1 billion, another person said. This is far less than the $2 billion valuation that another stakeholder, Walt Disney Co, was eyeing in 2021. «At one point, the Tata Play shareholders were looking at a valuation of close to $3 billion,» this person added. Temasek said it does not comment on market speculation.

Heavyweight proxy advisers have given the green light for a takeover of lithium explorer Essential Metals, as activity in the sector heats up with Gina Rinehart building a significant stake in Liontown Resources.

Donald Trump's legal problems may be a headache for the former president, but they are proving a boon to MSNBC

Israel has quietly helped fuel Azerbaijan’s campaign to recapture Nagorno-Karabakh, supplying powerful weapons to the country ahead of its lightening offensive last month that brought the Armenian separatist enclave in its territory back under its control

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Treasury yields fell and the yield curve steepened on Thursday ahead of a much-anticipated jobs report on Friday which will be watched for new clues on whether the economy is strong enough for the Federal Reserve to keep hiking interest rates. Longer-dated yields have surged to 16-year highs as investors adjust for the likelihood that the U.S. central bank will hold rates higher for longer, and potentially raise them again as the labor market remains solid and inflation stays above the Fed’s 2% annual target. “The market is conceding that the Fed not only will be more likely to hike again before the end of the year, but also the likelihood of them cutting any time for the foreseeable future is very low,” said Ian Lyngen, head of U.S.

A wage increase of 15 per cent over five years was the first thing to catch most observers’ eyes last month when Unifor, the union representing 5,600 workers at Ford Motor Co. of Canada, ratified a new three-year contract with the automaker.

Geo.tv. Tom Bower, a royal expert has claimed that Meghan is penning her autobiography and it has caused a stir among some Royal family members, the report said. “One of whom is William, the Prince of Wales, who is left “frustrated" with claims that Meghan will expose more secrets of Royal family in her book," the Geo.tv report said.

Nifty on Thursday ended 110 points higher to form a Bullish Island Reversal pattern on the daily chart. The formation, analysts say, opens up a potential upside opportunity of up to 19,726 levels in the short term. The broader negative chart pattern like lower tops and bottoms is intact as per the daily timeframe chart and further upside from here could open chances of new lower top formation.

Sectorally, buying was seen in capital goods, IT, consumer durables, auto, and bank stocks while power, utilities, healthcare, and telecom stocks witnessed selling pressure. Stocks that were in focus on Thursday include names like Kaynes Technology (up more than 4%), Syrma SGS (rose more than 6%), and Cromandel International (that closed with gains of nearly 2%). Kaynes Technology and Syrma SGS rose over 40% in the last 3 months while Coromandel International also recorded gains of more than 20% in the same time period. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to a analyst Vivek Mashrani on how one should look at these stocks the next trading day entirely from an educational point of view. Here’s what the CFA and Director at Technofunda Ventures Private Limited had to say: Kaynes Technology Kaynes Technology has been forming continuous higher highs with excellent uptrend.

Coffee Day Enterprises Ltd (CDEL) on Thursday reported a total default on payments of loans' principal and interest amount of Rs 433.91 crore for the September 2023 quarter. This is lower than the June quarter when CDEL had reported a total default of Rs 440.25 crore. Its «total financial indebtedness of listed entity, including short term and long term debt», is Rs 433.91 crore in the July-September quarter, the company said in a disclosure to bourses on Thursday.

A selloff in global bond markets could have major implications for Canadian households and investors as experts say financial markets are readjusting their long-term expectations for interest rates.

₹600 crore mark at last count while Gadar 2 had earned ₹525 crore. Single screens are often considered socio-cultural centres in their cities, with residents deeply attached to them.

Experts say investors' focus may also be on the medium-term forecasts laid out in the October Monetary Policy Report. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Mint collated the views of five analysts on what the RBI can decide on repo rate and monetary policy stance.

rupee closed little changed on Thursday as both weakness and subsequent recovery in the dollar index failed to budge the local unit out of the narrow trading range it has been stuck in this week. The Reserve Bank of India (RBI) has been intermittently selling U.S. dollars in the non-deliverable forwards, spot, and near-forwards markets to ensure the rupee does not breach the lifetime low of 83.29 hit in October 2022. «It's their zone,» a foreign exchange trader at a private bank said, referring to the RBI's multiple interventions around the 83.24-25 levels in recent sessions. The rupee closed at 83.25 against the U.S.

The 30-share BSE benchmark Sensex advanced 405 points or 0.62% to settle at 65,631. The broader NSE Nifty surged 110 points or 0.56% to end at 19,546. The market capitalisation of all listed companies on BSE increased by Rs 1.21 lakh crore to Rs 317.87 lakh crore.

The NSE Nifty index ended the session 109.65 points up at 19545.75, while BSE Sensex rose 405.53 points to 65631.57. In the Nifty index, Larsen & Toubro Ltd.(up 2.26 per cent), Bajaj Auto Ltd.(up 1.88 per cent), Titan Company Ltd.(up 1.57 per cent), Tata Consultancy Services Ltd.(up 1.46 per cent) and Infosys Ltd.(up 1.32 per cent) stood among the top gainers.

Nifty 50 today: Key domestic equity indices the Nifty 50 and the Sensex snapped their two-day losing run on Thursday amid mixed global cues ahead of the monetary policy meeting outcome on Friday. The three-day Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI) is underway. RBI Governor Shaktikanta Das will announce the outcome tomorrow.

₹1,000 with a 10 per cent coupon rate, you receive ₹100 in annual interest. However, if the bond's price declines to ₹800, the effective yield on the bond increases to 12.5 per cent. Conversely, if the bond price rises to ₹1,200, the bond yield decreases to 8.33 per cent.