Gap Financial News

It has been a relatively slow start to the week given what is at stake we remain waiting for the potential breakout in the Russell 2000 (IWM).

New Delhi: COP27 (Conference of Parties) at Sharm el-Sheikh, the Egyptian city, was scheduled to wrap up last year on 18 November after two-weeks of talks. Hard-fought negotiations, however, went down to the wire at the global climate conference attended by about 100 heads of State and over 190 countries, and when it eventually closed almost two days later, had a breakthrough to show—a loss and damage (L&D) fund— financial assistance for countries vulnerable to climate change impacts. It is not unusual for COP negotiations—the annual conference convened under the United Nations Framework Convention on Climate Change (UNFCCC)—to go into extra time.

Royal Orchid Hotels (ROHL) with a target price of ₹498, indicating an upside of 63 percent. "We remain positive on the industry given the favourable demand-supply dynamics in the near-to-medium term. We expect growth for ROHL to outpace peers, given its lower base, extensive room addition pipeline, and improving brand recognition, which will help to narrow the valuation gap with its peers," it said.

Explore the dual facets of the nation's health sys... moreExplore the dual facets of the nation's health system at the Mint Healthcare Summit 2023.

ICICI Lombard General Insurance Company Ltd. fell 0.84 per cent to Rs 1438.3 in Wednesday's session as of 01:54PM (IST) even as the equity benchmark Sensex traded 624.6 points higher at 66798.8. Earlier in the day, the stock witnessed a gap up start to the session.

Bharat Electronics Ltd. fell 0.39 per cent to Rs 140.8 at 01:59PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

InterGlobe Aviation Ltd. traded at Rs 2689.65 on BSE at 11:36AM (IST) on Wednesday, up 1.73 per cent. The stock quoted a 52-week low price of Rs 1810.45 and a high of Rs 2745.95.

Au Small Finance Bank Ltd. traded at Rs 740.8 on BSE at 11:31AM (IST) on Wednesday, up 0.51 per cent from previous close. The stock quoted a 52-week low price of Rs 548.15 and a high of Rs 794.95.

Day trading guide for today: After trading choppy during morning deals, Indian stock market witnessed sharp upside in later half and ended higher on Tuesday. Nifty 50 index gained 95 points and ended at 19,889 levels, BSE Sensex surged 204 points and closed at 66,174 mark whereas Bank Nifty index finished 111 points higher at 43,880 levels. In broad market, both small-cap and mid-cap indices finished positive but not more than Nifty 50 index.

Sovereign Gold Bonds (SGBs) are a unique investment avenue that combines the attributes of gold with the convenience of bonds. These bonds are issued by the Reserve Bank of India, aiming to provide individuals with an opportunity to invest in gold without physically owning it. Introduced in 2015, SGBs serve as an alternative to physical gold and other investment instruments like gold ETFs, offering investors an avenue to diversify their portfolios and gain exposure to the value of gold while earning interest.

Indian markets are likely to open higher on Wednes... moreIndian markets are likely to open higher on Wednesday, despite mixed trade in global peers ahead of Q2 India GDP growth data due later this week.

funds sloshing about within the financial system during the Covid pandemic, top-rated companies are now paying more to raise money through bond markets, with the pricing of issues by even the likes of Reliance Industries reflecting the divergence between sovereign and corporate debt. Over the past year-and-a-half, as the Reserve Bank of India has raised interest rates and progressively drained the banking system of excess liquidity, the spreads between government bond (Gsec) yields and AAA-rated corporate bond yields have shot up. The rate of interest that companies pay to investors to raise money through bonds is determined by yields on Gsecs. A higher spread implies a rise in borrowing costs for companies vis-a-vis what the government pays to raise funds. While the spreads for 5-year and 10-year AAA corporate bonds are still lower than the historical average of 43 basis points and 50 basis points, respectively, the gap has increased significantly from just 1 bps and 6 bps at the end of April 2022, data provided to ET by CRISIL Market Intelligence and Analytics showed.

Mint. The development assumes significance because retail milk prices have shot up year-on-year, as fodder, a key feed ingredient for livestock, has become more expensive. On Sunday, the all-India average retail milk price stood at ₹57.52 a litre against ₹54.9 during the corresponding period last year. Fodder makes 70% of the cost of livestock management, with the remaining 30% going on breeding and healthcare, this person said.

Mint explains the background and lists the options: Consumers in India use a whole variety of pulses, including tur (pigeon pea), masoor (lentils), chana (gram), urad (black gram), and moong (green gram) as a staple. The most recent data from the consumer affairs department shows that except for lentils, the year-on-year price rise in other varieties ranges from 19% for gram to 41% for tur. In some major cities the price rise is more pronounced.

Sebi Chairperson Madhabi Puri Buch has said the regulator would certainly look into the matter if disclosures on the valuation are meaningless. The comments have come amid a slew of share sales hitting the capital market recently. Last week, five companies, including Tata Technologies, came out with their IPOs that garnered a record Rs 2.6 lakh crore in application amount. To a query about high premiums for some shares in IPOs, Buch said, «Of course, we are fully with you on this as the rationale given for high premia are nothing but some meaningless English words». «We are certainly going to look into it and address the issue,» she said. When asked about concerns in some quarters that some IPOs are priced exorbitantly, the Sebi chief said, «If disclosures on valuation are meaningless then we will certainly look into it.» It can be noted that to boost investors' interest in little-known companies' IPOs, the issuers and their investment bankers quote low face value but the issue is priced high citing a very high premium. On whether Sebi is planning to advise issuers and other market makers to space their issues in a more timely manner and with enough gaps between two issues, Buch said that is not the job of the regulator.

gender pay gap across sectors in India is well known. But what is liable to raise eyebrows is that even a 'modern' sector like technology, with its sturdy linkages with the global economy and young cohort of workers, suffers from the same malaise. A new Aon PLC report shows that the unadjusted gender pay gap in the tech sector in 2023 is 28-30%, while in junior management, it is 18-20%.

UNEP) released its Emissions Gap Report 2023. The big headline is that this will be the hottest year ever. UNEP confirmed the worst fears about rapidly advancing climate change, manifesting in the recent instances of extreme weather that led to devastation in several countries, including Pakistan and India.

10-year Treasury yields declined on Tuesday, near two-month lows after data on the housing market and consumer, along with comments from Federal Reserve officials. The S&P CoreLogic Case-Shiller national home price index posted a 3.9% increase in September on an annual basis, below the 4.0% estimate but stronger than the 2.5% rise in August, suggesting the housing market may be picking up steam. A separate report from the Conference Board showed its consumer confidence index climbed to 101.0 in November, below the expected 102.0 but above the downwardly revised 99.1 in the prior month. Despite a climb last week, the 10-year yield is on track for its biggest monthly decline since August 2019, as investors largely believe the Federal Reserve is done with its interest rate hike cycle and attempts to price in when the central bank will instead cut rates. The sharp drop has pushed the 10-year yield near its lowest levels since late September. «The market does a good job of getting itself excited for rate cuts and then overly pessimistic on rate cuts and then overly pessimistic on more hikes and we kind of swing the pendulum from one extreme to the other,» said Thomas Urano, co-chief investment officer at Sage Advisory in Austin. «We're at the bottom end of this recent range trade and I think the market is has gotten a little bit ahead of itself in expecting the Fed to cut so aggressively absent a sudden downward change in the economic data.» Softening economic data, including a reading on inflation two weeks ago, has fueled expectations the Fed will hold rates at their current level, while pricing in a slightly greater than 50% chance of a rate cut of at least 25 basis points in May, according to CME's FedWatch Tool.

The Financial Services Committee (FSC) of the United States House of Representatives is gearing up for a critical hearing on November 15, 2023, diving deep into the shadowy corners of cryptocurrency. Entitled «Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets,» this session aims to unravel the complexity of illegal activities within the digital asset ecosystem.

Supreme Court on Tuesday stayed a National Green Tribunal’s order that asked the Maharashtra government to pay Rs 12000 crore as environmental compensation for improper waste management in the state. A bench led by Chief Justice D Y Chandrachud while seeking response from the tribunal stayed the last year’s September 8 order that imposed Rs 12000 crore fine on the Maharashtra government. Making a strong case for the stay, senior counsel Mukul Rohatgi, appearing for the state government, argued that “there are so many zeros that I cannot even count in the fine.” The state government submitted that it was one of the best performing states at National level under the Swachh Bharat Mission (SBM) and had consistently been among the top states in Swachh Survekshan.

The “Global Stocktake": Governments will assess how they are placed to meet the promises of the 2015 Paris deal, and will accordingly chart the actions for the next phase. Energy transition: The phase-out of fossil fuels will again be in the spotlight. Climate finance gap: Crucial, especially with progress on the "loss and damage fund".