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Asia FX Battered by Hawkish Fedspeak, Dollar Back at 20-Year Peak

Asian currencies plummeted on Wednesday, while the dollar surged to new 20-year highs on hawkish comments from Federal Reserve officials and growing safe haven demand. The dollar index jumped 0.4% to a new 20-year high of 114.68, while dollar index futures rose in a similar range. A broad market rout in risk-driven assets also drove […]

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Indian economy showing resilience and recovery: CEA

However, there are challenges, and geopolitics is messy for which foreign investors are cautious, the CEA said. Chief Economic Advisor (CEA) V Anantha Nageswaran has said the Indian economy was on the path to recovery but cautioned that foreign investors may remain cautious because of geopolitical challenges. Speaking at a virtual seminar organised by Swadeshi Research Institute, […]

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Stock Market

Stocks to Watch Today | InterGlobe Aviation, PNC Infratech, Kaveri Seed and others in news today

Stocks to Watch Check out the companies making headlines before the opening bell. Co founder Gangwal family sold 2.74 percent stake in the company through open market transactions. Rakesh Gangwal offloaded 27.98 lakh shares at an average price of Rs 1,886.47 each, and 26.02 lakh shares at Rs 1,890.75 each, while his wife Shobha Gangwal […]

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Rupee likely to depreciate on strong dollar, risk aversion in global markets

Created economies are enduring a shot from the dollar’s appreciation to multi-decade highs in manners that were again recognizable to their developing business sector peers. The Fed’s exchange weighted dollar list versus progressed economies has taken off 10% this year to the most grounded starting around 2002, while the developing business sectors measure is up […]

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sock market
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Stock Market

Is investing a luck or skill

Over the last few years, many new investors have entered financial markets lulled by the promises of making “easy money”, “quick returns” etc. Investing involves both luck and skill and when you are on a roll, unfortunately most believe success to be a function of your skill. Is there a way to gauge if investment […]

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sock market
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Stock Market

Global bonds tumble into their first bear market in a generation

The Bloomberg Global Aggregate Total Return Index of government and investment-grade corporate bonds has fallen more than 20% below its 2021 peak, the biggest drawdown since its 1990 inception. Under pressure from central bankers determined to quash inflation even at the cost of a recession, global bonds slumped into their first bear market in a […]

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Anil Sarin
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Daily Voice | India offers higher growth than other EMs, current valuations not alarming, says this CIO

Anil Sarin of Centrum PMS says India has always been an expensive market, but this is justified due to attractive historical stock returns and higher earnings growth. One has to look at mid-cap and small-cap space individually, instead of focusing on headline valuation, says Anil Sarin of Centrum PMS as many sectors and segments are […]

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S&P BSE Sensex
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As the anchor investor lock-in period expires, the LIC falls 4%, or 28%, from its issue price

In intra-day trade on Monday, shares of Life Insurance Corporation of India (LIC) fell 4% to Rs 681.70 on the BSE, with the lock-in period for anchor investors expiring on Monday, June 13. The share price of the state-owned insurance behemoth has dropped by 28% from its IPO price of Rs 949 per share. Retail […]

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oil prices
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Oil is easing after previously soaring due to Russian sanctions against EU companies

Early Asian trade on Thursday saw oil prices fall after surging more than 5% the previous session in response to new Russian sanctions on some European gas companies. Russia sanctioned 31 enterprises headquartered in countries that placed sanctions on Moscow following Russia’s February invasion of Ukraine. At the same time, Russian gas flows to Europe […]

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Oil prices rise
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Oil prices rise on supply concerns as Ukraine crisis deepens

Oil prices rose on Monday as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia. Brent futures were up $1.50, or 1.3%, at $113.20 a barrel at 0030 GMT, and U.S. West Texas Intermediate futures rose 98 cents, or […]

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