Experts Financial News

Indian sovereign bonds' inclusion in the JP Morgan Global Bond Index-Emerging Markets (GBI-EM) may support diversification of the investor base but is unlikely to significantly impact the country’s credit profile and fiscal policy approach in the near term, rating agency Fitch said in a report on Wednesday. “This could serve to lower funding costs slightly, and support further development of domestic capital markets, but direct positive effects on India’s credit profile will be marginal in the near term,” the report stated. The inclusion in the index is likely to facilitate $24 billion of inflows between June 2024 and March 2025, with India expected to account for a maximum weight of 10% of the index. JP Morgan GBI-EM comprises 23 bonds with a total value of $330 billion. “We expect the positive effect on the sovereign rating of India’s inclusion in the JP Morgan Global Bond Index-Emerging Markets (GBI-EM) to be small, especially in the near term, as its impact on fiscal credit metrics is unlikely to be significant,” the report further stated. However, it did note that flows could be greater if other indexes also included Indian government securities. Experts indicate that an inclusion in Bloomberg Global Aggregate Index could bring in another $15 billion in passive flows. “The resulting increase in foreign investor holdings of central government maturities is likely to be large — they accounted for only around 1.6% ($19 billion) of the market as of Q2-2023, including about $12 billion of the bonds issued under the fully accessible route (FAR),” Fitch noted, highlighting that the impact of foreign investors in debt pricing is likely to be limited. Fitch was of the view that the move could stimulate further

By Trevor Hunnicutt

Nifty on Wednesday formed a bullish reversal pattern near the 50-day SMA (simple moving average), which indicated strong possibility of fresh uptrend rally from the current levels. For the traders now, 19630 would act as a key support level. Above which, the market could continue the positive momentum till 19800-19825.

Also Read: Canarys Automations IPO: Price band, GMP, subscription status, other key details of SME issue Here are key details, subscription status and GMP of Arabian Petroleum IPO: Arabian Petroleum IPO has been subscribed 19.90 times on Wednesday, the third and the last day of the bidding process. The IPO received bids for 5.45 crore equity shares as against 27.44 lakh shares offered so far. The IPO has been subscribed 23.16 times in the retail category and 15.72 times in the Non-Institutional Investors’ (NII) category so far.

midcap stocks demonstrated their potential by surpassing their 50-day SMA. Let's explore the performance of these stocks. (Data Source: StockEdge) 1. Tata Elxsi Tata Elxsi Limited is a leading global design and technology services provider.

Adam Britton, a well-known crocodile expert from the UK, confessed to raping and killing dogs, a BBC report said. Taking his monstrous conduct to a new low, this naturalist, who has worked with the BBC and National Geographic, would record his obscene behaviour and would post it online.

Victoria’s new Premier Jacinta Allan should scrap $200 billion suburban rail loop, defer any other transport expenditure it can to ease pressure on costs, and charge cars to enter and leave Melbourne’s CBD to give trams on major routes a freer run in the inner city, experts say.

₹5 lakh, a single MRF share ( ₹108,000-plus) would amount to over 20% weight in the portfolio. You might not want that much exposure to a single company in a single industry. But you may for instance, want only 5% exposure to the rubber industry (where MRF is the market-leader) and that’s only possible if you commit a minimum of ₹20 lakh plus to your equity portfolio.

Norwegian Geotechnical Institute (NGI) to explore feasibility of harnessing geothermal potentials that the state’s numerous hot springs offer. The intention of this MoU is to provide a facilitating mechanism for the two parties to work together on mutually agreed, progressive and supportive activities; aiming for further development in the field of Geotechnics and Rock Engineering by dealing with complex sub-surface geological and geotechnical issues faced by the state. To begin with, NGI will carry out geological, geochemical and geothermal investigation of few selected geothermal sites in Tawang and West Kameng districts that will include MT Survey to decipher the deeper geoelectrical configuration of geothermal springs (hot-springs) and feasibility to utilize the Geothermal Energy resources for further use. The MoU was signed by Repo Ronya, Secretary, Science and Technology, Government of Arunachal Pradesh, and Dr Rajinder Bhasin, Technical Expert, NGI, Norway, in presence of Chief Minister Pema Khandu, Science and Technology Minister Honchun Ngandam, Chief Secretary Dharmendra and Dr Vivek Kumar, Senior Advisor, Norwegian Embassy, New Delhi. Congratulating NGI and the department of science and technology, Chief Minister Pema Khandu said that it’s a right step towards green and clean energy production especially in the light of global warming concerns. “It’s a great coincidence that this MoU is being signed on World Tourism Day as its theme this year is ‘Tourism & Green Investment’ that perfectly goes in tandem with this new initiative,” Khandu pointed. He expressed optimism that the study will lead to development of renewable geothermal sources in Arunachal Pradesh and increase energy supply to meet present and

midcap stocks demonstrated their resilience by surpassing their 100-day SMA. Let's explore the performance of these stocks. (Data Source: StockEdge) 1. Astral Astral Limited is a leading manufacturer of pipes and fittings for plumbing and agricultural applications.

midcap stocks took center stage by reaching new all-time highs. These remarkable performances by a diverse range of companies reflect the strength and potential of the midcap segment. While these stocks are currently riding high, it's crucial to remember that the stock market is subject to fluctuations. The data was sourced from StockEdge at 1:05 p.m., and the updates from the real-time data could come with a lag.

US government shutdown looming: What is it? Check which services will likely be suspended The US shutdown will impact several departments of the US government, including education, healthcare and law and order even though some highly essential government entities will continue to function. Some of the key economic data, including monthly unemployment figures and price reports, would be temporarily suspended in case of a shutdown, affecting market sentiment and possibly leading to investor uncertainty. Also Read: US economy shows resilience, but is soft landing a strong possibility? The impact of a US shutdown could be significant on its economy but is unlikely to trigger a knee-jerk reaction in the domestic market, experts say.

Relative Strength Index (RSI). On September 26, Tuesday, StockEdge reported that 26 stocks had undergone a declining trend in their Relative Strength Index (RSI).

₹445.00 apiece on the BSE, a premium of 15.58% to the issue price of ₹385 per share. On NSE, Signature Global listing price was ₹444 per share, a 15.32% premium. After listing, Signature Global share price traded higher and made a high of ₹453.80 apiece on the BSE, which was nearly 2% higher than the listing price and nearly 18% higher than the issue price.

Bengaluru against the Karnataka government, specifically concerning the Cauvery water-sharing matter, HD Deve Gowda said. Joining this demonstration is HD Kumaraswamy, who is set to participate in the BJP's protest, confirmed Deve Gowda, another former PM. “I held a discussion with Home Minister Amit Shah for the first time in the last 10 years.

Management Studies in Crisis: Fraud, Deception and Meaningless Research. By Dennis Tourish. Cambridge University Press; 312 pages; $32.99 and £24.99 A good place to start in studying management is to understand how much nonsense and jargon-filled waffle has been written on the subject.

₹58,245 per 10 grams around 10:45 am. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Experts expect gold prices to remain weak and see some volatility today due to rising dollar, and bond yields amid the prospects of interest rates going further higher.

Click here!) Adani Enterprises, HDFC Bank, Axis Bank, ITC and Tata Consumer are the stocks that will see their weight up in the Nifty 50 index. On the other hand, the weight of Adani Ports, Wipro, JSW Steel, Reliance Industries and Infosys will go down in the Nifty 50 index, said Pagaria.

Bharti Airtel Ltd, part of the telecom space, has given a breakout from a double bottom pattern in August 2023 and is sustaining above the same which indicates crucial support for the stock. The neckline of the double bottom pattern was placed at Rs 900. The stock closed at Rs 911 on 22 September 2023. As long as the stock holds above this crucial support, a bounce back towards 980-1000 levels is possible, suggest experts. Bharti Airtel, which is also part of the S&P BSE Sensex, hit a high of Rs 877 in November 2022 but it failed to hold on to the momentum.

Valiant Laboratories, which opens for subscription on Wednesday, will run till October 3. Via the share sale, the company is aiming to raise Rs 152 crore. Avinash Gorakshakar of Profitmart Securities advised investors to subscribe to the issue from a medium-to-long-term perspective. «Given the market conditions, I don't think there will be any significant listing gains from this IPO.

Click here) Iraqi News Agency quoted a civil defence official who said that the wedding hall's exterior was decorated with highly flammable cladding that was illegal in the country. “The fire led to the collapse of parts of the hall as a result of the use of highly flammable, low-cost building materials that collapse within minutes when the fire breaks out," civil defense said.