MSCI Financial News

₹86.1 per share, totalling to ₹790 crore. However, the buyers in the transaction are still unknown. According to available data, Dayside Investment held 1.3% stake in the bank, meanwhile, another affiliate Cloverdell Investment owned 2.74% stake in the IDFC First Bank, as of November 2023.

One of Washington’s biggest China critics traveled to New York in mid-September to meet with some of Wall Street’s best-known financiers. His mission was to persuade them to stop investing in China. Wisconsin Republican Mike Gallagher, who chairs a House committee on China, was surprised to find they didn’t need much coaxing.

Paytm, tumbled in today's trade, locking at the lower circuit limit of 20%, reaching 650.45 apiece. This sharp fall came after the company announced plans to cut back small ticket loans amid regulatory changes.

stock market has been climbing to new highs since Friday last week. Nifty 50 index has been hitting new life-time highs for the last four sessions whereas BSE Sensex and Bank Nifty index has been touching record highs for the last three sessions.

The term “net asset value," or NAV, is so commonplace for anyone buying a mutual fund, investors hardly give it a second thought. It has a standard definition. The number is audited annually.

By Amanda Cooper

₹1 lakh crore mark for the first time. As on date, 397 companies have listed on NSE Emerge with fund raising of more than ₹7,800 crore.

F&O ban list: A total of four stocks have been put under the ban for trade in Indian stock market on Wednesday, December 6, 2023 under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Buy or sell stocks for today: Following strong global market sentiments on end of rate hike cycle buzz, Indian stock market ended higher for sixth straight session on Tuesday. Nifty 50 index climbed to a new peak of 20,864 levels, BSE Sensex touched new life-time high of 69,381 whereas Bank Nifty index hit a new high of 47,230.

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MUMBAI : In an indication of the Indian market’s outperformance compared to other emerging markets (EMs), the MSCI India index traded at a premium of 141.08% to MSCI Emerging Markets (EM) index, the highest in 11 months, on 4 December. The premium is also nearing its record high of 145.67% achieved on 31 October 2022. Analysts expect this premium to test its previous peak, following Tuesday’s surge in the Nifty and Sensex to new highs, driven by provisional foreign portfolio investment (FPI) flows of ₹5,223.51 crore.

By Steven Scheer

Also Read: Israel-Hamas war: How AI helps Israel army select bombing targets in Gaza Short selling is a way to bet against the value of a security. It is a trading strategy aimed at making a profit off an asset that is expected to drop in price. The seller ‘borrows’ a security and sells it on the open market with the goal of buying it back later at a lower price and pocketing the difference.

December’s whipsaw opening shows investors may be concerned November’s epic rallies went too far, too fast in anticipating a near-perfect soft landing for the economy.

(Corrects paragraph 9 to say U.S. job openings data will be released at 1500 GMT, not 1530 GMT. The error was also in previous editions of this story)

Bitcoin shrugged off a slide in global markets during a rally to a more than 19-month high, a sign of its decoupling from other assets. The token jumped 5.8% to scale $42,000 on Monday and was just below that level in morning Asian trading on Tuesday. In contrast, gauges of global shares and bonds are nursing losses since the start of the week. “This divergence underscores the current low correlation of crypto with other traditional macro assets,” Sean Farrell, the head of digital-asset strategy at Fundstrat Global Advisors LLC, wrote in a note. Bitcoin’s correlations with the likes stocks and gold have ebbed in 2023 as crypto-specific factors helped to spur a 152% climb in the largest digital asset. A key driver of the gains is the expectation that the US will allow its first spot Bitcoin exchange-traded funds, potentially widening demand for the token.

A look at the day ahead in European and global markets from Tom Westbrook

Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors tempered expectations for cuts to U.S. interest rates and waited on U.S. jobs data. An interest rate decision is due in Australia in the meantime, with traders all but certain the central bank will keep rates steady, leaving the focus on the outlook and tone. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.9% in early trading.

By Steven Scheer

Motilal Oswal Financial Services. For instance, BJP had lost these three states in December 2018, but won the 2019 Lok Sabha elections with a better majority than in 2014. Local issues predominantly influence state elections, while economic growth takes center stage in general elections.

By Wayne Cole