In the bond market, rate hikes are bad as bond yields, i.e., traded levels for bond deals in the secondary market move up when RBI is signalling rates upward. However, the bond market was already prepared for this hike. The 10-year government bond yield, even before this hike, was at 7.2%. Yields have moved up after the hike, but only marginally.
Mumbai: Bajaj Finance will raise ₹17,500 crore through a mix of share sales to institutional investors via a qualified institutional placement (QIP) and warrants issued to promoters as it prepares for its next phase of growth. It marks the first equity fundraising by the country’s largest non-banking financial company (NBFC) since its similar ₹10,000 crore…
The Indian stock market will remain open on August 26, even as Eid-e-Milad is observed across India on Wednesday. The festival marks the birth anniversary of Prophet Muhammad and is listed as a holiday by several government departments and institutions. However, the BSE and NSE will function as usual, with only a settlement holiday in…
“However, investors aren’t averaging out price swings, they are simply buying whatever yield is available each month, and when rates fall, the later instalments earn less than the earlier ones. If utilized properly, bond SIPs can serve as a discipline tool for building a portfolio, not a way to time interest rates.”
Oil rose as prospects for a lasting agreement to reopen the Strait of Hormuz remained elusive. Treasuries held their losses ahead of the key US jobs data report. Brent rose 1.4% to $83.65 a barrel as tensions in the Middle East and a lack of clarity on a deal to reopen the crucial waterway lifted…
Shares of IFCI Ltd fell more than 4% on Wednesday after reports suggested that the National Stock Exchange could price its initial public offering below earlier indications and reduce the stake offered in the issue. At 9:27 am, IFCI shares were trading 4.01% lower at Rs 88.90 on the NSE, compared with their previous close…
South Korea’s AI-fueled stock boom is turning into a cautionary tale of what happens when leverage becomes a more powerful market force than the fundamentals. SK Hynix Inc.’s record 15% plunge Monday compelled managers of leveraged products tied to the country’s chipmakers to sell billions of dollars of stock, transforming what began as a global…