Market Watch

Finance Update

Banks, realty stocks correct after MPC cuts repo rate by 25 bps, lowers inflation

The Reserve Bank of India sees CPI inflation at 2.4 percent for March quarter 2019, which was revised downward from 2.8 percent earlier. Last Updated : Apr 04, 2019 03:09 PM IST | Source: Banking stocks witnessed profit booking on April 4 after the Monetary Policy Committee cut repo rate by 25 basis points. […]

Finance Update

Sensex: After Market: Yes Bank, Jet above 200 DMAs; Mindtree down, PNB logs gain

NEW DELHI: Domestic equities lost steam on Wednesday, closing a volatile session in the red. After opening with strong gains, equity benchmarks Sensex and Nifty fell prey to profit taking in the second half of the session, a day before the expiry of March series of futures & options contracts. Lacklustre global cues further hit […]


World Market – shares slip and bond yields fall, all eyes on central banks

* European Stoxx 600 slips 0.2 pct * German Bund yield falls to lowest in 2-1/2 years * Kiwi dollar slides as central bank flags possible rate cut * Graphic: World FX rates in 2019 * Asian stock markets: (Updates prices throughout) By Tom Wilson LONDON, March 27 (Reuters) – Global equity markets […]

Finance Update

Kotak MF: List of FMPs exposure to Essel Group and IL&FS maturing in April and May

​​According to reports, HDFC FMP 1168D MF scheme is extended by the company by 380 days. ​|Apr 11, 2019, 07.23 PM ISTGetty ImagesThe financial crisis at Essel GroupSubhash Chandra-promoted Zee group’s has already affected debt investors of Kotak Mutual Fund, as the money manager has delayed the full redemption of its FMPs. Now, HDFC Mutual…

Finance Update

oil: Oil slips from 5-month highs as economic worries counter tight market

SINGAPORE: Oil prices eased on Tuesday, slipping away from 5-month highs reached earlier in the session as a sluggish economic outlook countered an otherwise tight market. International benchmark Brent futures touched their strongest level since last November at $71.34 per barrel on Tuesday, before losing ground to $70.96 per barrel by 0158 GMT, down 14…

Business News

Saudi Kingdom Holding CEO says didn’t buy Aramco bonds

FILE PHOTO: Saudi Arabian billionaire Prince Alwaleed bin Talal attends the investment conference in Riyadh, Saudi Arabia October 23, 2018. REUTERS/Faisal Al Nasser/File PhotoABU DHABI (Reuters) – Prince Alwaleed bin Talal’s firm Kingdom Holding Co did not buy bonds of Saudi Aramco, its chief executive Talal Ibrahim al-Maiman said on Wednesday. He added that the…

Business News

US-Trump-Immigration: Trump says he may send ‘Illegal Immigrants’ to Dem districts

WASHINGTON (AP) — President Donald Trump said Friday he is considering sending “Illegal Immigrants” to Democratic strongholds to punish congressional foes for inaction on border security— just hours after White House and Homeland Security officials insisted the idea had been rejected as fast as it had been brought up. “Due to the fact that Democrats…

Finance Update

US stocks: S&P 500 flat ahead of Fed minutes

Investors were also assessing a U.S. Labor Department report that showed consumer prices increased by the most in 14 months in March, although underlying inflation remained benign. The tame inflation environment and moderating economic activity support the Federal Reserve’s decision last month to suspend its three-year campaign to raise interest rates. “Amid increasing concern that…

Business News

New York plans to sue EPA over GE’s ‘incomplete’ Hudson River cleanup

NEW YORK (Reuters) – New York state officials plan to sue the U.S. Environmental Protection Agency for allowing General Electric Co to stop clearing the Hudson River of PCB contamination before the cleanup work was finished. FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on the podium at EPA headquarters in Washington,…