PRE EMPTIVE PRICING
RBI’s rate hike matters. Its shift to calibrated tightening matters more
The RBI’s 25-basis-point repo rate hike to 5.5% marks a shift towards calibrated tightening as inflation risks broaden amid elevated oil prices, weather disruptions and resilient domestic demand. With inflation expected to average nearly 5.8% over the next three quarters, the policy move signals scope for further rate increases.
Explained: How RBI rate hike may impact Sensex, Nifty after 8-week losing streak
The Reserve Bank of India is expected to announce a 25-basis point rate hike in its upcoming meeting. Analysts assert that this rate hike has already been largely priced into the stock market. While sectors such as real estate and autos may experience some volatility, clean balance sheets could mitigate impacts. The market's movement will depend more on corporate earnings than on monetary policy adjustments.
Will Nifty, Sensex plunge for 9th straight week? TCS Q2, RBI MPC among 4 factors to drive Dalal Street from Monday
India's stock market has faced a challenging downturn, marking eight weeks of losses, the longest in 25 years. Driving this trend are soaring oil prices and rising US bond yields. The sell-off by foreign institutional investors has intensified the downturn. As companies like TCS and DMart prepare for their Q2 earnings, investors hope for signs of resilience amidst a weaker rupee fueling their concerns.
Working to stabilise food prices: Min
Calibrated import and export policies, along with incentives for domestic production, have maintained price stability benefiting consumers and farmers. Measures such as tweaking export policies for onions and removing procurement ceilings for pulses have successfully moderated CPI pulses inflation from 19.54% in January 2024 to 3.83% in December 2024.
Centre says closely monitoring food prices
The central government of India is closely monitoring food prices and availability to ensure consumers' affordability and a stable price regime. Measures include boosting domestic production and adjusting import-export policies. A good monsoon predicts increased production of pulses and onions, contributing to lower food inflation which moderated to 8.39% in December 2024.
Bitcoin Halving: Understanding the impact on prices and market dynamics
Approximately every four years or every 210,000 Bitcoin blocks, the reward for miners is halved, leading to a reduction in the rate of new Bitcoin issuance. This event, known as halving, serves to curb inflationary pressures and maintain the scarcity of Bitcoin over time.
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Oil prices gain ahead of Biden's visit to Israel
Fears the Middle East conflict could widen drove big gains in both oil benchmarks last week. Global benchmark Brent gained 7.5% in its largest weekly gain since February. Biden's visit to Israel on Wednesday will seek to balance showing support for Israel's war on Hamas and trying to rally Arab states to help prevent a regional conflict, after OPEC-member Iran pledged "pre-emptive action".
Oil prices edge higher ahead of Biden Middle East trip
Following a drop of more than a dollar on Monday, Brent futures rose $0.74 to $90.39 a barrel at 10:40 a.m (1440 GMT). U.S. West Texas Intermediate (WTI) crude rose $0.69 to $87.35.
Sebi, exchanges ease trading rule for stocks under enhanced surveillance framework
Under the existing ESM framework rule, stocks were allowed to trade only once a week. However, trading in them will now be allowed on all days, the exchanges said in a circular.
Nifty earnings yield exceeds bond yields by big margin
The brokerage said lower oil price is also a booster for India but a higher-than-normal slide in crude oil prices could have implications on the stability of financial markets.
Share transfer: Provision, procedure & valuation for a private company
Transferability of shares in a privately held company is governed by the Articles of Association, which is a document that lays down the rules and regulations.
What do you do when your small business is not making money?
There are definite financial triggers even in the very initial days of running an SME pointing out at whether the revenue model needs fixing.
Fed rate hike in 2019? Even Morgan Stanley has dropped the call
MS now sees 10-year Treasury yields ending 2019 at 2.25%, down from 2.35% previously.
RBI's June policy a close call, tone to remain hawkish: UBS
According to the global financial services major, the June policy review meeting is likely to be a close call.
Preferential share issue: Shares of 31 companies tank after BSE suspension
The BSE’s decision to suspend 31 companies over alleged misuse of their preferential issue of shares resulted in a crash in their stock prices on Tuesday.
Pre-emptive buying seen in metal stocks: Sandip Sabharwal
Steel, obviously, is receiving help from the government as it has stepped in to protect the industry, the rupee has fallen to some extent, so that benefits them to some extent.
Sebi to keep a close tab on price cartels in commexes
Price cartels, which enjoyed a more or less free run in the commodity futures market till recently, will soon be on watch.
Cairn-Vedanta deal: Ex-ONGC Chairman RS Sharma denies foul play
Former chairman of ONGC RS Sharma stoutly denied any foul play or lapses by the state-owned company while approving the recently concluded $8.5 billion Cairn-Vedanta deal.
Bullish on ABG Shipyard despite risk: Mitesh Thacker
It is slightly high risk call but if somebody wants to take this bet, 372 should be a working stop loss over here and 397 to 400 could be the price target.
ONGC may not get to use first right of refusal in Cairn deal
Government maintains that ONGC has the first right of refusal in the $9.6-billion Cairn-Vedanta deal, but it will not allow the company to exercise this right as the price is very high.
Cairn writes back to ONGC on Cairn-Vedanta deal
Cairn Energy Plc has written back a letter last week to ONGC responding to all the concerns raised by the Indian oil producer regarding Anil Agarwal owned Vedanta’s acquisition of majority shares in Cairn.
ONGC Q2 net up 6% to Rs 5,389 cr
ONGC net profit for the second quarter increased 6% to Rs 5,389 crore despite a higher subsidy bill and royalty payments as it earned more from oil and gas sales.
Sebi asks Vedanta to disclose all deal details
Sebi has sought stringent disclosures in its recent letter to the merchant banker handling the Vedanta open offer to shareholders of Cairn India.
RBI may move to attack inflation: Bankers
Some bankers expect RBI to take some pre-emptive steps even ahead of the annual monetary policy on April 29. Weekend Platter | Biz week in pics | War on Inflation
RBI hints at increasing interest rates
The Reserve Bank on Monday hinted at increasing short-term interest rates in its third quarter monetary policy review later this week to curb inflation, a move that could make home and retail loans costlier.
Interest rate hike may be counterproductive: RBI
The papers have been issued at a time when several commercial banks have expressed the view that there should not be any further hike in short term rates .
Rate hike to prick housing bubble: RBI
Ahead of its quarterly policy review, Reserve Bank has expressed doubts on the efficacy of "pre-emptive" raising of interest rates to prick a housing bubble.
Tough time for central bankers : RBI Governor
How does the central bank factor in global pressures and yet evolve an autonomous monetary policy for the economy? Very difficult said Dr Y V Reddy by his own admission.
On the menu: Liquid diet for fixed income
The credit policy has also made a distinction between monetary policy and developmental policies.
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