Amid this widespread selloff, investors are ignoring individual merits and focusing on the overall riskiness of the sector. In particular, small finance banks (SFBs) within the microfinance sector are bearing the brunt, as they face increasing financial pressures and operational challenges. Also read: Can these two monopoly businesses still generate solid returns? In the June…
ACME Solar Holdings: The initial public offering (IPO) of ACME Solar Holdings Limited closed with good subscription. As the bidding period has ended, applicants can check the ACME Solar IPO allotment, which has been finalized today. The public was open for subscription from 6 to 8 November. ACME Solar IPO allotment date is today 11th…
Indian public sector banks (PSBs) delivered a strong performance in the September quarter (Q2FY25), outperforming their private sector peers. This was driven by a decline in provisions and a significant improvement in asset quality. Additionally, growth in non-interest income and treasury profits helped state-run lenders report strong performance in the second quarter. Combined net profit…
Stocks rose for the fifth consecutive session, Bitcoin topped $84,000 and the dollar was at a one-year high, as investors increasingly bet that those trades would benefit from President-elect Donald Trump’s agenda. Economically sensitive stocks led gains, with the Russell 2000 index of smaller companies reaching its highest level since 2021. A closely watched gauge…
Mumbai:Government of India bond yields The stock closed slightly higher after a range-bound trading session on Monday, with investors awaiting domestic and US inflation data for clues on the outlook for interest rates. The benchmark 10-year yield ended at 6.7874%, compared with Friday’s closing level of 6.7762%. Yields traded within one basis point on Monday….
Bitcoin at all-time record high: Bitcoin broke a new all-time record of over $81,000 in support of the newly elected President of the United States. donald trump’s victory and his clear support for the digital asset, Bloomberg reports. Ahead, crypto It added that markets are bullish on the possibility of the presence of pro-crypto lawmakers…
Over the past few days, Wall Street saw stock indices climb to record levels after the Republican candidate and former President donald trump Won a resounding victory in the US elections against Vice President Kamala Harris. The US Federal Reserve’s latest quarter-point interest rate cut also boosted market sentiment. In the coming week, Wall Street…
Buy or Sell: After a week marked by significant global events including the US Presidential election and this federal Reserve Nifty index closed at 24,148 in the meeting. despite some instabilityThe index is stuck in the trading range of 23,800 to 24,800. The direction of the breakout, either above or below this zone, will likely…
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International crude oil prices fell more than two percent in the previous session as traders eased fears of prolonged supply disruptions from a storm in the U.S. Gulf of Mexico, while China’s latest economic-stimulus package reassured some oil traders. Failed to impress. US West Texas Intermediate futures fell and were down 2.7% or $1.98 at…